Home Equity Loan

How To Leverage One Property To Buy Another





Leverage might sound like a bad word to some people, but it has a totally different meaning when it comes to real estate. It’s also the most important skill you need to learn when it comes to investing. Today’s episode is going to be about leveraging one property in order for you to buy another. If you’re not sure on how to go about it, check this out!

00:32 Imagine this
01:02 How does it work?
02:56 Loan-To-Value
04:40 If you want to multiply homes…
07:52 How debt will make you rich

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Kris Krohn

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EARNINGS DISCLOSURE

Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here:

NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

DISCLOSURE OF FINANCIAL RELATIONSHIP

Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here:

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23 comments

  1. Can i get a HELOC if I own 100% equity of the house?

    Reply
  2. But the question is will the bank qualify you on the second property if your income hasn't gone up at all since the time you've purchased the first home? They might want you to have a much higher income because of the DTI to support both properties incase you can't find a renter. Even with the 20% down.

    Reply
  3. Robert Kiyosaki all day. IT WORKS!!! I did it…

    Reply
  4. Kris make your own finacial institution or even bank

    Reply
  5. can u take equity out more than once?

    Reply
  6. What's why I love your channel, simple to understand 👍👍👍👍

    Reply
  7. Just one of the many reasons why real estate is so powerful!

    Reply
  8. This video deserves a million views

    Reply
  9. Would you be my mentor

    Reply
  10. kinda a rip off if the person doesnt buy the house though on lease option… lol

    Reply
  11. Thank you so much Kris ! I'm 15 and these videos are really helping me with my future.

    Reply
  12. Question. When ur talking the 70% a bank wants and figuring mortgage, does that count taxes, insurance, etc too. Example. Mortgage is 800/m taxes200/m insurance50/m (just made numbers up).

    Reply
  13. What is rent to own option??, if they pay you more rent so that they can own it later, you loose the property. Please elaborate on it

    Reply
  14. I've been watching your vids for a few weeks now and I'm amazed at all this info you're sharing. Thank you very much. I have a question

    If you take out a home equity loan to purchase another property. Do you have to pay both the mortage for the new property and pay back the home equity loan? If so do you pass on the cost of both to the renter?

    Reply
  15. So let's say that I have 50000 equity on a deal….so Kris how can I ask that equity from the bank ?? Please answer I have a lot of queries 😵

    Reply
  16. Thank you, I really appreciate your mentorship.

    Reply
  17. Nice

    Reply
  18. Great video and helpful information on leveraging, anyone try this?

    Reply
  19. Kris you should update your lease option 4 part video series. Great video btw, thx Kris!

    Reply
  20. Love the buy rehab refinance rent strategy

    Reply
  21. Can you go live on youtube at some point in future? It will help a lot to have a q/a session.

    Reply
  22. In state of IL, do you know what is the down payment for a new home if I rent out my existing home

    Reply
  23. Love you kris

    Reply

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