On this podcast episode, my special guest and I are going to discuss how to pay off a 30 year home mortgage in 35 years using HELOCs. I've decided to invite Anthony Rushing who works for the source of the first lien HELOC, and we're going to go over the pros and cons of using HELOCs to build wealth. Check it out!

Contact Anthony Rushing and Check out the Calculator Here: (Tell them Jamel Gibbs sent you) https://reieducationacademy.com/helocs

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"I teach real estate investors and entrepreneurs how to create time and freedom. Helping them get from where they are, to where they want to be, through proven real estate investment strategies. At the end of the day, I take the guesswork out of building a successful real estate business, moving you closer to building a life and business you love, for you and your family."

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Timeline:

0:00 Intro to First Lien Helocs
3:09 About Anthony Rushing
7:32 What is a first lien HELOC?
12:40 How to use HELOCs to pay off a mortgage fast
22:43 5 step process to paying off a mortgage in 3 to 5 years
39:35 Will first lien HELOCs work with investment properties?
43:36 What’s the average time frame to pay off a portfolio of properties?
45:27 What if being debt free isn’t the goal? How else can someone effectively use a first lien HELOC?
49:53 What obstacles will people face when getting a first lien heloc?
51:39 What income level does someone need to be at in order to get a first lien HELOC?
1:02:43 Do you need a lot of money saved up in order to get a first lien HELOC?
1:06:32 Recommended Reading
1:08:46 Last words and closing comments

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