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Updated over 3 years ago on . Most recent reply
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Create equity in home vs work as an agent to create the income
Question for BP... would you DIY finish your basement, costing $20k on 24 months no interest financing and adding roughly $50k to your homes equity, or spend those hundreds and hundreds of man hours instead building your real estate business with an end goal of being able to leverage $50-70k to put down on a multi fam property without having to go $15k in debt to create equity, but having no guarantee you'll make it as an agent. Method 1 is much more certain in creating equity to then use on a heloc and method 2 is going straight to work... thoughts. am brand new to the area. very little if any SOI.