Replace your mortgage by Michael Lush

[Kishor Thope]

Hello BP members, Is anyone familiar with this program? If so, would like your feedback. I am interested in this to build up equity faster and use that to buy real estate. Thanks, Kishor Thope

[Brent Coombs]

Originally posted by @Kishor Thope:

Apologize for the delayed response. I had a phone consultation. Basic concept makes sense. Their best program costs close to 3k. Not pursuing it at this point. Researching about different HELOC programs and how to get a first lien position. Hope this helps.

Sure, the "basic concept makes sense". But, a $3k cost to buy the "program" does not! 

If you're just going to use your equity to re-invest your paid-off equity anyway (no argument from me), what's stopping you from paying it down quicker, every month, without buying a "program"? There's many prior threads about this. eg. https://www.biggerpockets.com/forums/92/topics/500..

I like this quote there, from Stacey Paulin: ..."you don't need to pay them the 3000 dollars to do this strategy. You need three things to make the strategy work: a line of credit, a decent credit score, and a decent amount of cash flow left over after your bills are paid" (emphasis added by me). Cheers...