Ep #114: Building wealth through the equity in your home - with Matthew Lee and Ming Lim

APR 10, 202661 MIN
beyond MD with Dr. Yatin Chadha

Ep #114: Building wealth through the equity in your home - with Matthew Lee and Ming Lim

APR 10, 202661 MIN

Description

Many of us have substantial equity in our homes. How can we use it to grow our wealth?I'm joined by Matt Lee & Ming Lim from Volition properties to unpack HELOCs (home equity line of credit), the Smith Manoeuvre (routine and supercharged), & reverse mortgages.The episode kicks off by discussing life goals & our why, which is critical to nail down before embarking on any wealth strategy.This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/Discussion points:Goal setting & our Belize (3:03)My goals (13:50)Risks & mitigation in real estate investing (15:55)HELOCs (24:45)The Smith Manoeuvre (29:05)The supercharged Smith Manoeuvre (33:45)Why the Smith Manoeuvre is not for everyone (39:25)Reverse mortgages (46:19)Trends in Toronto multifamily investing (54:54)Volition Properties: https://www.volitionprop.com/[email protected]@volitionprop.comYatin's Links:Newsletter: https://www.beyondmd.ca/newsletterWebsite: https://www.beyondmd.ca/LinkedIn: https://www.linkedin.com/in/yatin-chadha/Email: [email protected] courses for clinicians:https://beyondradiology.thinkific.com/courses/ct-head-interpretation-coursehttps://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course