Welcome to a special episode of Ask Paula!
Today I’m answering questions about real estate investing, and I’ve brought a special guest on the show to join me.
His name is Lucas Hall, and he’s a landlord with 5 properties in three locations (D.C., Virginia and Colorado). He’s also the founder of Landlordology and head of investor relations with Cozy. We met about five or six years ago through blogging about rental properties, and I invited him on the show today to answer questions alongside me.
If you have significant equity in a home due to market appreciation, what’s the best way to leverage the value of this equity? Should you sell? Refinance? Something else?
Here’s a quick snapshot of the answer:
You have three options: sell, cash-out refinance, or take out a HELOC.