The House Hack The Ultra Wealthy Use You Haven't Heard Of

AI Sales Agents That Get You Signed Contracts On Autopilot: https://objectionproof.ai/yt-bacMaximize Your Tax Returns AndGet Clarity On Your Financials With Our Tax Guyshttps://beccfo.com/To Access Your Houses Equity For Capitalhttps://www.midwestlending.group/r/disruptorsBONUSGET 10% OFF ON INVESTORLIFTUse promo code DISRUPTORS.https://get.investorlift.com/disruptors/WANT TO BE A 100 MILLIONAIRE OR ARE ONE?Click here: https://objectionproofselling.com/millionairePat Grace HELOChttps://patgraceheloc.comPat Grace of Pat Grace HELOC flew in from Kansas City to sit down with Steve Trang on the Disruptors Podcast and share the house hack most people have never heard of: using a first lien line of credit on the properties you already own to pay off debt faster while keeping your money accessible. Pat is a Kansas City real estate investor and licensed mortgage loan officer who owns 250 houses, a $70 million portfolio with a $40 million line of credit, and about $175,000 a month in net rent, along with a vertically integrated group of companies that includes a brokerage and a construction company. He started in his early 20s working with kids in juvenile detention centers with a sociology degree while buying real estate on the side, lived in the worst unit of his first multi unit property before anyone called it house hacking, and went on to work with hedge funds on almost 400 homes through the recession.Pat and Steve cover how a trip to Australia changed everything, when his friends there told him Americans are the only ones taking 30 year mortgages, and how he came home and replaced his mortgage with a first lien line of credit and swept his money into it; why a $250,000 mortgage can cost about $300,000 in interest over 30 years; how sweeping your income into a line of credit pays debt down faster while your access to the money never goes away; the story of a client whose $500,000 mortgage was gone in 30 days and who now has access to $1.7 million; why he insists on a first lien line of credit instead of a cash out refinance; how he packages five or ten free and clear homes into one line and uses it to buy more; why a line of credit can replace your checking and savings accounts so everything works together instead of working for the bank; and why every bank has this product, nobody sells it, and banks do not like it because they make less interest on it.If this episode changed how you think about your mortgage, hit subscribe because every week on Disruptors St