beyond MD with Dr. Yatin Chadha

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

Season 1 Episode 114

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0:00 | 1:01:12

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/

matthew@volitionprop.com

ming@volitionprop.com


Yatin's Links:

Newsletter: https://www.beyondmd.ca/newsletter

Website: https://www.beyondmd.ca/

LinkedIn: https://www.linkedin.com/in/yatin-chadha/

Email: yatin@beyondmd.ca

Radiology courses for clinicians:

https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course