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Don asked about using a home equity line of credit to pay off his rental properties. Here's what I think. ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com How to Pay Off Your Mortgage in 5 Years: https://amzn.to/2OrjTSD Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Utilize a HELOC to Reach Your Financial Goals A HELOC is a great financial tool. Although the HELOC was designed to help homeowners’ make improvements, there are very few restrictions on what you can use a HELOC for. You can use this product to pay off your mortgage, pay down high interest debt, or to help your business. What I love about the home equity line of credit is that it’s based on simple interest, and it’s reusable. It works similarly to a credit card, so once you’ve gotten back down to a zero balance, you can use it again. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.