How to Use the Equity in Your Home or Business Today to Invest for Tomorrow

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Overview

With loan restrictions tightening and interest rates skyrocketing, securing money from banks, credit card companies, or private investors is near impossible. But it is the season for one source of funding: Home equity loan rates are falling and home equity lines of credit are slipping. As a real estate owner making monthly payments, you are building up equity in your property — money that could be used to invest elsewhere. Now, the only questions are how to pull it out and where...

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Overview

With loan restrictions tightening and interest rates skyrocketing, securing money from banks, credit card companies, or private investors is near impossible. But it is the season for one source of funding: Home equity loan rates are falling and home equity lines of credit are slipping. As a real estate owner making monthly payments, you are building up equity in your property — money that could be used to invest elsewhere. Now, the only questions are how to pull it out and where to invest it.

How to Use the Equity in Your Home or Business Today to Invest for Tomorrow details the steps to increasing your equity and leveraging it to make it work for you. You will learn invaluable skills and options for investments, such as starting a business, investing in real estate, purchasing stock portfolios, renovating your home, and saving for educational expenses. Along with the benefits of investing equity, this book also addresses the problems you may face along the way and how to overcome the common mistakes.

This book is the ultimate resource for novices and pros alike. Equity in a home or business that is idly sitting does not make you money. With How to Use the Equity in  Your Home or Business Today to Invest for Tomorrow, learn how to put it to use today and watch your wealth build.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice.  Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

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Product Details

  • ISBN-13: 9781601381392
  • Publisher: Atlantic Publishing Group Inc.
  • Publication date: 12/1/2010
  • Pages: 288
  • Product dimensions: 5.90 (w) x 9.00 (h) x 0.80 (d)

Table of Contents

Foreword 13

Introduction 17

How to Use the Book 19

Chapter 1 Everything You Need to Know about Equity 23

How Equity Builds 25

How to Accelerate the Equity Build in Your Property 28

Recent Changes in the Real Estate Market Affecting Equity 37

Chapter 2 Residential vs. Commercial Property Equity: Is There a Difference? 45

Differences in Residential and Commercial Financing 45

Investment vs. Commercial Properties 52

Chapter 3 Options for Tapping Your Equity 57

Home Equity Line of Credit (HELOC) 59

Home Equity Loan 60

Cash-out Refinancing with Mortgages 63

Determining the Financing Option Right for You 74

Chapter 4 Determining the Equity in Your Property 79

Residential Properties 81

Commercial Properties 82

Seasoning Requirement 83

Chapter 5 You Have Tapped the Equity - Now What? 85

Measure Your Success 88

Measure Your Risk 90

Investment Options 94

Diversification 99

Get Ready Get Set, Go 101

Chapter 6 Start a Business 103

Invest in Your Own Career 104

Start-up Costs 107

Buy a Franchise 113

Buy an Existing Business 114

Invest in Someone Else's Business 116

How to Use Your Equity to Pay for Costs 118

How Your Investment Pays Off 119

Chapter 7 Invest in Real Estate 125

It is All About the Cash Flow 126

Using Equity Allows You to Leverage Your Money 129

Sources of Cash Flow 131

Finding Properties That Offer Cash Flow and Equity Build-up Benefits 140

The Pros and Cons of Each Type of Property 143

The Big Picture 159

Buying a New Primary Residence 165

Chapter 8 Private Mortgages 171

How it Works 172

Why Seller Financing or Private Mortgage Investment? 176

How a Private Mortgage Investment Provides a Return 181

Chapter 9 Home Improvements and Renovations 185

Profiting from Home Improvements and Renovations 188

Using Equity for Improvements and Renovations 193

Chapter 10 Invest in Your Retirement 195

How Much You Need 197

Types of Plans 202

Allocating Money in Your Retirement Account 211

Chapter 11 Invest in Your Child's Future 219

Estimating College Expenses 220

Educational Fund Investment Options 223

Chapter 12 Paying Off Bad Debt 229

Debt Consolidation 230

Chapter 13 Invest in You and Your Family 239

Types of Insurance 240

Annuities 244

Universal Life Indexed Products 245

Using Equity for Insurance Policies 247

Chapter 14 The Other Investment Choices 249

Bonds 250

Stocks 253

Mutual Funds 255

Index Funds 257

How to Invest in a Portfolio 258

Conclusion 263

Resources 265

Glossary 267

Bibliography 281

Biography 283

Index 285

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  • Posted March 12, 2011

    Timely book

    At one time investing was easy as was getting a loan. With the downturn in the economy anyone with money has to be more creative than ever before. Kristie Lorette has researched the industry and is providing us options of investing equity as well as addressing issues that may occur.
    Real estate investing at a low, which is now, is advisable. Lorette explains "Your ultimate goal when buying a real estate investment is to find a property that not only brings you cash flow, but also builds up equity."
    Kristie Lorette's advice and information in this book is very timely. It covers all the basics which is ideal for the novice, but even those that already are investing will find it a good refresher. The two areas that I found of most interest to me are the sections on Private Mortgages, and, Home Improvements and Renovations. Improvements or renovations will increase the value of the property, however, it is imperative the expenses don't raise the property to the point that it becomes too high to sell in the current market.

    Was this review helpful? Yes  No   Report this review
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