Values of home appreciated at a average of 14.5% in 2021 up from only 4% in 2019 with an average equity gain of $56,700 per homeowner
You can use a cashout refinance to access that equity at a lower primary residence interest rate to put a significant down payment on an investment property or to purchase one for cash
You can turn that investment property into a cash cow, actually EARNING you money each month! The interest on your primary residence is currently tax deductible and the expenses, including interest and depreciation can be used to reduce your tax liability on any rental income you receive from the property!
Remember that real estate has always trended upwards in value over the long-term. Real estate is an EXCELLENT investment and a great way to supplement your income!
