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/
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