… Except you don’t want to sell.

You’ve got big dreams and financial goals and always wanted to get into Real Estate Investing, but don’t want to sacrifice downsizing to afford it.  Financing an investment property has always been the barrier to entry in your head.  With home prices rising and expenses to pay, how on earth can you get started when you can’t afford to save for the downpayment?

Well then – let’s chat shall we?

How to Turn a Sellers Market into an Investment Opportunity!

Discover Equity

You know that beautiful home you live in, love so much, and don’t want to sell?  Let’s take a deeper dive into it.  When did you buy? If it’s been a couple years and then some since you moved in, chances are you’ve built up some equity in your home.

But what exactly is equity you ask? Let’s use a little example to gain clarity. If you purchased your home a few years ago for $500,000 and today it’s worth $750,000.  The difference of $250,000 is called equity.

Hot Sellers Market = Home Owned Opportunity

It’s the wild wild west out there in the real estate market.  Houses are flying off the streets at record breaking prices.  Heck your neighbour just sold for some insane amount!  Amazing, incredible, phenomenal! Except we remember that you don’t want to move.

“Good for them” you think. But your sad to see them go. It’s a great neighbourhood.

Not so fast Mr./Mrs./Ms. Sappy Pants!

Consider sending your neighbour a generous giant bye bye basket! Why? Because by them selling their home for a ridiculous amount – they just increased the value of YOUR HOME.

The Ah Ha Moment

What to do? What to do? We’ve established that you have equity in your home AND that thanks to your neighbour selling his home in a crazy market – YOU HAVE A LOT OF IT.  Now what?

Ah ha! We know!

GET THEE TO A FINANCIAL LENDER!

A Lovely Little Word, Leverage

The Bank or a trusted Mortgage Broker is not simply a place to go once you buy a home to get a mortgage.  It’s also there to help you for a variety of refinancing scenarios.  And in this case, the discovery of equity in your home is setting you up for an ideal situation.

Using leverage, a financial lender can help you to access the equity in your current home to build wealth.  What’s the best wealth building strategy in the world? Real Estate Investing! (ok we’re biased, but seriously google it.)

You’ll likely be able to refinance your current home and pull out the equity in the form of actual cash or a home equity line of credit.  Which in turn can be used as a downpayment to purchase an investment property.  The extra equity you didn’t pull out will allow you to finance the new mortgage.

VOILA!

Over time, real estate investing has produced more millionaires than any other investment vehicle out there (again, google it!).  So naturally we’re a little obsessed with it and completely practice what we preach.  We’re very happy investors and want all our friends to be too.

Are you as excited as we are?

Reach out today and let’s jump on that opportunity together!