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Updated over 10 years ago,
best way to get money out of a home
Hey BiggerPockets,
Thanks for all the great info.
New member here with a question:
I have been researching and reading about rei and I have a plan in my head. I wanted to to throw my situation out there and see if any responses lined up with my thinkng or learn something new. Here we go.
I have no debt, including my home. Home value is around 200,000k. I have an emergency fund built up that i do not want to touch because I am very conservative (my outlaw nickname is like calling a big guy tiny) and like a safety cushion. I want to get into real estate investing to get better returns on my money and build wealth for the future. I will say that I want to be fairly hands off and increase monthly cash flow with minimum work. (don't we all) My question is this-
If you had access to home equity funds how would you access them and then invest them in real estate?
Thanks