The house hack strategy doesn’t always run smoothly. Turning an old home into a modern, rentable masterpiece takes money—especially if you’re doing a big renovation. One of the easiest ways to get the rehab funds you need? A home equity line of credit (HELOC). But, when used incorrectly, a HELOC’s adjustable interest rate can bury any chance you have at cash ... Show More
Aug 4
There's No "Right" Way to Reach Financial Independence
In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench react to the biggest takeaways and criticisms from Mindy's recent episode with The Money Guys. Mindy shares her perspective on the conversation, clears up misconceptions, and discusses what fi ... Show More
39m 39s
Jul 31
The 5 FIRE Mistakes CFPs See Over and Over
On this episode of BiggerPockets Money, hosts Mindy Jensen and Scott Trench sit down with Adrianna Adams, CFP at Domain Money, to discuss some of the biggest mistakes people make on the path to financial independence and early retirement. From chasing the perfect FIRE number to o ... Show More
59m 52s
Jul 28
This ALL OUT Entrepreneurial Approach to FI Got him to $5M by 30
On this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with Cody Berman to uncover how he achieved financial independence before age 30 and built a $5 million net worth through entrepreneurship, side hustles, real estate investing, stock ... Show More
48m 5s
Jun 2022
189: House Hacking: How to Live for Free and Build Wealth in The Background
House hacking is one of the easiest ways to get into real estate investing. Thanks to its flexible financing options, low down payment loans, and ability to cut your rent in half (or eliminate it), house hacking is truly a phenomenal investing strategy. In short, house hacking is ... Show More
1h 3m
Jul 2024
434: Rookie Reply: Buying Your NEXT Rental & How to Save a Fortune on Renovations
Home renovation projects aren’t cheap, and it’s easy to let your budget spiral out of control if you’re not careful. Fortunately, we have several tips, tricks, and hacks that will help you save a fortune on your rehabs—from finding deals on materials to an investor hack that give ... Show More
39m 29s
Jan 2024
1176 - HELOC or Cash-Out Refi? What’s the Best Choice in 2024 by Rich Walker
As a homeowner, figuring out the best way to access your home equity can be a complicated process, full of complicated jargon, long processes, scary waits for appraisals, and potentially expensive hidden costs.
Here’s a look at the tradeoff between HELOCs and cash-out refinances ... Show More
6m 2s
Jul 2024
985: Seeing Greene: How to Use Home Equity to Retire, Buy Rentals, or House Hack
Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real l ... Show More
43m 38s