Hey Friend!
This week has been nothing short of miraculous 🙏🏾! I’m thrilled to share that we’ve successfully leased our property for nearly double our mortgage payment in under 30 days! Just a week and a half after moving out, my team had everything dialed in and the property was ready for its new tenants 🫶🏾.
Our journey didn’t just stop at moving out; we transformed our former single-family home into two separate units. I like to call this the Step-Up Strategy, and honestly, it’s one of the simplest ways to dive into real estate investing.
Is the Step-Up Strategy Right for You?
You might be considering this strategy if:
- You’re thinking about moving out and are torn between renting or selling your current home.
- You’re debating whether to sell your home to buy a new one or to expand and upgrade your current space.
- You have a decent amount of equity built up and are eager to invest in real estate but lack the cash to start big.
Even with rising interest rates in some markets, this strategy can be a financial game-changer. You might even negotiate with the seller of your new home to buy down your interest rate, all while generating cash flow from your previous residence.
But How Do You Finance the Next Step?
Many of my clients opt for a Home Equity Line of Credit (HELOC) as a second mortgage to fund the down payment on their new home. Then, they turn their current home into a rental property. Depending on your rental income, this cash flow might cover both your first mortgage and your HELOC payments!
Ready to Step Up?
If the Step-Up Strategy has piqued your interest, you absolutely need to join my upcoming real estate workshop. I’ll guide you through the entire process, from understanding the financial aspects to identifying the right professionals you need on your team to make this transition smooth and profitable.
Workshop Details:
- Date: April 25, 2024
- Time: 7- PM ET
- Location: Zoom
Don’t miss out on transforming your current home into a lucrative investment. Sign up for the workshop today and take the first step towards securing your financial future in real estate.
Can’t wait to help you climb the property ladder with confidence!
Warm regards,
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