how do i build equity in my home?
466965
Keep your house in good repair, check with local estate agents for improvements you can make to your house, that will increase the value more than what the improvement costs.\n\nSometimes it is as little as a good paint job, or improving the garden.
103399
I wouldn't do it.  You are risking the equity that you have built in your house.  Also, you would need to generate a high rate of return just to pay for the interest on that loan.  High Return = High Risk!
977405
It seems like you have equity in your own home. If that is the case, then use hard money lenders to finance 65% of your deals and use a HELOC on your home to finance the other 35%.\n\nRegards
136483
If the home improvement is one that will up the value of the home considerably (redo kitchen, finish basement) use a home equity loan, just make sure you don't over exert yourself financially.\nFor minor home improvements (paint, moulding) save up to do the repairs or do them in small steps.\nThe best way to finance home improvement is to not finance them but to pay for them up front.  This isn't always an option so go over yours carefully and if you use your house as collateral be sure to justify the extra costs (construction costs and insurance costs).
480874
Only in your previous question asking for someone to invest $250k in the "upscale Bergen County Community".  I'm all ears!  What is Equity Sharing for purchasing a home?  Do you know?
74916
I am trying to figure out this myself, except in South Florida. I think if you can afford a place that you plan on living in for several years it is worth buying, it probably won't be that much more than the rent you are paying and you'll be building equity. Unless of course you are in my situation and living rent free or have very cheap rent. Then you just have to decide if you are living cheaply enough that you can save more than the house would have gone up. Probably around 10% of the value of the house per year. So if you are thinking about buying a 200,000 place you would have to save more than 20,000, but who knows real estate might go up more or less...\n\nIt's a very hard decision!
940371
You should be able to technically do this as long as the new home equity loan + the 1st mortgage are not more than 85% of the home's total value.  This is generally the cap.\n\nSo if you have a home that's worth $200,000: 85% of that is 170,000.  As long as the new home equity loan and the mortgage balance added together are less than that amount, you should be OK.
810388
Yes.  If you have instant equity, meaning that you bought a house priced under the value, you can use that equity immediately.  You can take out a line of credit or a second mortgage.  Don't worry because as soon as you move in the offers for loans and credit will come rollin in faster than you read them.
848983
Need more specific information.  I would sell as quickly as possible and take the equity and put it into something more managable.
353554
If you have sufficient equity in your existing home, you may be able to use that as collatoral against a loan to get you started, rather than actually having to sell the home to "release equity"\n\nStart talking to lenders.  And make sure your FICO scores are exceptional
648324
if u live in california i can do the work for you. does your friend currently have a second on his house? if he does refinance depending on how much equity over the house you have u can join both loans into one and at the same time add in the $5-10 k you owe(u would get a check or cash if ud like at the signing). if he only has one loan on his house he can open up a second for the total equity you have available. im pretty sure they wont do a $5-10k loan but wat will happen is that u open a second for the total equity available to u and u just use what you need that come with really low interest rate
1160427
We have been investing in Florida real estate for about 10 years.  Recently we have been began selling some of our lots below market value.  Most of the lots will have 25% equity in them from day one.  Take a look at http://www.lotexperts.com and let me know if we can help with your question.  Take care.
998963
I will preface my answer by stating that I am a licensed Realtor® in the state of Arizona.\n\nIt sounds to me like you have your act together even for a person of your age. I commend you for your way of thinking.  \n\nPersonally if it was I and I could make the financing and the payments work I would buy now and start building some equity.  Between the amount you will pay down on the principal on your loan (it won’t be much at first) and the appreciation of the value of your property, you will be able to move into something higher in value in the future.  \n\nI don’t like to get into financing so much as I don’t have the training for it, if you find yourself a good Realtor® and/or lender. They will be able to guide you through the process of getting financing as well as finding the right home for you. \n\nGood luck in your search for your home\n\nP.S.: If your lease is up in October, you will need to get going on the process now, as it usually takes about a month to go through all of the inspections and closing.
8684
Equity in your home.\nFind a wealthy partner.\nSmall business loans from the government.\nSell some personal assets.\nRaid your 401k at work.\n  - Good luck to you! -
308405
apply for a business loan, and credit cards.  Also set up a corporation then issue stock.   Having a corporation gives you owners equity from which to borrow.
701358
I am in the same position as you. Your options are very limited financially. If you own a home with alot of equity and are willing to take the risk that is pretty much your only hope. Foreclosures are priced right for investment but you many of them are in such bad shape that you cannot obtain bank financing and they may not have C/O's etc (basically you need cash). As far as profit you can  make alot of money but you need the cash to back you up for mortgage paymenys, closing costs and renovations also don't forget about the agents commission (out of sales price).
1047397
There is something call "equity sharing". \n\nHere's some info:\nhttp://www.andysirkin.com/HTMLArticle.cfm?Article=5&Hit=1\n\nRegards...