Two major financial advantages you have if you own your home for a couple of years.

Two major financial advantages you have if you own your home for a couple of years.

Are you a homeowner and bought the property a couple of years back and sitting on a large amount of equity?

So you basically have one of these two major financial decisions to pick when it comes to your home equity.

One, you can sell your home and get the cash out. Put that cash either on a property, bigger property, the one your dream home and get that property. Or maybe if you have enough equity, you can buy something for cash, maybe need some repair, you can repair it. Then there are a lot of sellers who are downgrading and having a paid off property. So that's one. So you buy and use the leverage of the equity. You sell, leverage the equity and buy another home.

The other thing you can do also take advantage of the equity you have, you can get a line of credit and use that to do some fix and flip or buy some rental investment properties. So that's the way you can grow your investment portfolio, taking leverage of the equity. 

So which decision are you going to make? If you are sitting on a high amount of equity, time to make one of these financial decisions. Make a comment, and let me know if I can help you. I'll be glad to have a chit-chat with you. Shawn Bhakta from Remax Presidential South Florida Home Finder Team. Glad to help.