Podcast 10: Recession-Proof Your Life Through Real Estate Investing

real estate investing podcast

by Ronnie Adams

 

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This episode of the Real Estate Guide 2 Success Podcast focuses on how a solid real estate investing business can not only provide the financial freedom many people desire, but can also get you through tough economic times. The current recession has had a huge impact on people across the world. Unemployment is high and jobs are tough to come by. Not too long ago, I wrote a blog post entitled What Sparked Your Interest In Real Estate Investing?. The post was based on responses from a poll we had here on this site. Financial security was one of the poll answers that many people selected. This podcast describes how I built that financial security for my family, by building a sound business focused on real estate investing.

{ 2 comments… read them below or add one }

carolyn jones March 27, 2013 at 6:58 pm

hi ronnie, my situation is i have purchased 3 properties in detroit, which you know the values have gone down. i was wondering would it be hard to pull equity out of these. and how much will they allow you to pull out.

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Ronnie Adams March 30, 2013 at 12:17 pm

Hey Carolyn, mortgage companies now are really hard on cash out refinances on investment properties. Your probably looking at a 70% LTV. Meaning you can get a loan up to 70% of the appraised value. This may vary from one company to the next but this will be about the standard. Also you will have to have owned the property for at least a year.

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