If you cash out equity in a property, you are "borrowing" that money from the lender.

If you cash out equity in a property, you are "borrowing" that money from the lender.

You can go high-end and spend $100K, or you can go mid range and still spend $100K because you needed to build a large deck on a steep slope with lumber costs at it's 2021 peak.

Very well qualified borrowers can often obtain favorable terms from their existing banking relationship and sometimes even borrow against non-real estate related capital assets such as money market, life insurance or investment accounts.

I initially got into this home with no money but have done renovations.

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Spend some time every day here reading the posts, and ask questions of your own....the more the merrier.

I have an idea for a unique data product, but before I dive deeper and invest more time and money into it, I want to learn from those with more experience in this field.Some background:I'm a tech entrepreneur with a passion for real estate investing.

The return on your money in a bank is miserable while you wait to get rolling.

One thing to keep in mind is that the tradesperson needs to invest their time and money to do this.