Cruze Tells Landlord With $1.3M in Equity: Live on Your Boat or Sell Everything

A caller named E called into The Ramsey Show sitting on a remarkable financial position: a three-unit property with $450,000 owed against it, in a market where comparable three-family homes sell for $1.8 million. The equity position is large. His plan was to take out a HELOC to fund renovations on two completely gutted units. ... Cruze Tells Landlord With $1.3M in Equity: Live on Your Boat or Sell Everything