USE A HELOC TO MAKE MONEY!
If you own your home, and live in that home, then you qualify for a Home Equity Line of Credit (HELOC) at a low interest rate. What would that interest rate be? It all depends on which bank you ask, all banks offer different rates. If you do so some research you're bound to find one for under 5%. Look for those with a one year introductory offer for the best interest rates. Don't worry, you will pay it back before the year is up.
What can you use a HELOC for? Anything you want, it's a bank loan based on the equity in your home. But there is one thing you can use a HELOC for that will actually make you money. You can take out a HELOC at, let's say 2%, and invest it through us on a short-term, secured real estate flip at 12% for a profit of 10%.
Here's how it looks by the numbers:
$100,000 at 2% for six months = $1,000 is how much you would owe the bank
$100,000 at 12% for six months = $6,000 is how much you would get from lending through us on a short term, secure real estate flip.
$6,000 - $1,000 = $5,000 would be your net profit after paying back the bank