Margin loans, medium-term rentals, and potential mortgage rate mistakes summarize what Carl and Mindy have been up to over the past couple of months. It’s been a minute since we’ve checked in on the ever-frugal Jensen family. But they’ve been gone for a good reason. Back at the start of the summer, Carl and Mindy decided that they were finished with rehabbing and big fixer-upper projects. Then they found the perfect opportunity, waiting just a few doors down from them. So, they jumped at the chance to make another deal work.
But Carl and Mindy did this type of deal in a peculiar way. Not only did they find it off-market, but they also funded it without a mortgage. Don’t get too excited—Carl and Mindy didn’t drop hundreds of thousands in cash just to buy one house. But, they did use another form of financing that most real estate investors aren’t aware of—margin loans. These types of stock portfolio-leveraged loans can come with unbelievably low interest rates. But, when equity values start to drop, so too can your safety when you use this type of financing.
But it’s not all about property purchasing on this episode of Mindy & Carl’s Budget Review. The duo also talks about why their expense tracking has fallen off and how not knowing your expenses can cause far bigger problems than you’d think. They also touch on the medium-term rental strategy and how you can use it to get far higher rents with very little turnover in almost any of your rental properties! If this strategy interests you, we highly recommend grabbing the new book, “30-Day Stay.”
00:00 Intro
02:17 Expense Tracking Mishaps
07:26 Margin Loans, HELOCs, and Funding a House
18:34 Medium-Term Rental Potential
23:56 Finishing and Furnishing the House
33:34 Mindy’s Tip: Don’t Commit Mortgage Fraud!
35:16 Final Money Takeaways
Show Notes at:
https://www.biggerpockets.com/blog/money-350?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney ~~~~
Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media ~~~~
Follow Along with Mindy’s Budgeting and Expense Tracking:
https://biggerpockets.com/mindysbudget?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~
Grab the New Book on Medium-Term Rentals, “30-Day Stay”:
https://store.biggerpockets.com/products/30-day-stay?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~
Provide Housing for Those Displaced from Natural Disasters:
https://www.alesolutions.com/ ~~~~
The Secret Steps to Getting Qualified for the Best Mortgage Possible:
https://www.biggerpockets.com/blog/money-303?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests:
https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none Finance Friday:
https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~
Hear More from Carl:
The “Mile High FI” Podcast:
https://milehighfi.com/ 1,500 Days to Freedom:
https://www.1500days.com/ ~~~~
Connect with Carl and Mindy on BiggerPockets:
Carl:
https://www.biggerpockets.com/users/carljensen?utm_source=youtube&utm_medium=description&utm_campaign=none Mindy:
https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none Episode 350
#biggerpockets #biggerpocketsmoney #money350
