Is Your Home Equity Making You Money?
Wednesday, July 25th, 2007 @ 7:30 am | Finance
If you own a home or property, is the equity you have *working for you* or just sitting there like a “Genie in a Bottle” waiting to be released? Most people think that having a lot of equity is a good thing, and it is, but only when it’s MAKING you money rather than stagnating.
I own 3 houses in my home town, 2 of which are Minnesota Investment Property, and I started by using the equity from my first house to reinvest into other property. If most homeowners only knew how much buying power they have with they’re equity, they could make a lot more money with it!