Do You Have Hidden Home Equity? (How to Use It) | Bigger Pockets Video

Episode #1148

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It’s the situation every real estate investor wants to be in: your house just appraised for more than you expected. Now, you’ve got some home equity added to your net worth, but how do you use it? Should you keep it in the property and maintain low leverage, or use home equity to scale your real estate portfolio more quickly? We’re answering common real estate questions like this one and a lot more in today’s show!

James Dainard joins the show as our veteran real estate investor, owning hundreds of rental units, flipping thousands of houses, and lending millions of dollars. He started as a rookie during the Great Financial Crisis, and today, he’s sharing his hard-earned lessons so you don’t have to make the same mistakes. We’re touching on:

- What to do with your home equity when your house appraises high
- How to estimate rehab costs on a renovation or house flip
- Becoming a private money lender (serious passive income!)
- Interior design 101, even if you have zero experience in home renovations
- Whether we should finally kill the 1% rule in real estate (maybe it’s time)

0:00 Intro
1:06 Walking Into Equity!
4:31 Sponsor: REsimpli!
5:07 Interior Design 101 (DON’T Need Experience)
9:51 Becoming a Private Money Lender
19:09 How to Estimate Rehab Costs
27:07 Is the 1% Rule Possible?
32:45 Ask Your Question!