While you’ve heard that your house is your biggest asset, you might be unsure how to take advantage of the fact. Property is illiquid–which means, it isn’t ready money you can just use.
If your child is making the transition to college this year, you yourself may be anticipating a transition of your own: the “empty nest.”
It’s a universal truth that the vast majority of homeowners are sitting on an enormous amount of equity. That equity is most often trapped in their homes, where it can’t be used to help them with their pressing needs.
The home remains the largest asset for most of us, and is one of the most straightforward ways to grow wealth. But it can be difficult to realize that wealth and turn it into a liquid asset you can actually use!
For years you’ve heard that real estate is one of the best investments you can make. It’s considered something of a safe bet; unlike the literal dollar, real estate doesn’t lose value to inflation over time.