Welcome back everyone! 
  
In this episode we discuss a hot topic lately- why you should consider owning a rental property in order to build long-term wealth! In the previous episode we explained the benefits of homeownership in order to segue into the benefits of turning your home into a rental. 

1. MONTHLY CASHFLOW
2. More tax benefits (depreciation, write-offs, etc)
3. Equity build-up from your tenants paying down the mortgage
4. Appreciation
5. Bank leveraging/refinancing

Also a quick note,  we wanted to make a quick correction to Kylee's numbers given when explaining doing a cash-out refinance. 
**If the house is worth $250,000, and you owe $200,000, this means you have about $50,000 in equity. If you do a cash-out refinance of $20,000 from that equity, the new loan balance would be $220,000**