Episode #46 - The Smart Approach To Real Estate
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Buying a home or purchasing rental property can be tempting while interest rates are low. However, there is so much more to consider beyond loan terms when it comes to real estate.
If you are curious about what it takes to purchase property, refinance, or get a HELOC (home equity line of credit), this episode is a must-listen.
Yulin Lee coaches women who are going through divorce, starting out on their own for the first time, or some other similar life change. She regularly helps clients to understand the value of liquid assets versus home equity and to decide which is best for their particular situation.
In this episode we dive into a few home-budget line items, emergency funds, hidden costs of home ownership, and even the hidden benefits of owning real estate!
A few highlights:
What’s the difference between a mortgage (or second mortgage) and a HELOC? [10:53]
What does it mean to be house poor, & how can we avoid that? [5:10]
When is equity NOT a great asset to have? [8:23]
Links:
Want to level up your game around money in your relationship? My free quiz will help you learn your Couple’s Money Personality Type AND how you can grow from there!
Adam Kol
I am a Couples Financial Coach who loves helping couples get on the same page, minimize their financial stress, and build healthy financial futures. As a Certified Mediator, a Lawyer, and a former Financial Advisor, I offer private coaching and programs so that you can have the teamwork, peace of mind, and financial freedom that you want and deserve.
