Clayton Morris Shares How You Can Use Your Home Equity to Buy Rental Properties | Morris Invest скачать в хорошем качестве

Clayton Morris Shares How You Can Use Your Home Equity to Buy Rental Properties | Morris Invest

What’s the best way to transform a liability (like your primary residence) into performing assets? That’s the first question I’m answering on today’s Q&A! ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com #claytonmorris #morrisinvest ----------------- How to Use Your Home Equity to Buy Performing Assets If your primary residence has built up equity, it’s wise to use it to your advantage. Think about how you can turn this liability (home) into a performing asset. One of my favorite ways to access equity is to get a HELOC. The bank will give you access to a credit line which you can use as a down payment on a rental property. The Best States to Live and Invest If you want to live and invest in the same state, I have a few suggestions. Texas is my favorite state to invest due to its landlord friendliness. Texas also offers other benefits like no state income taxes. I would also consider Tennessee, Florida, North Carolina, and South Carolina. How to Decide Between Flipping and Renting a Condo Under normal circumstances, I would always choose renting… but in this circumstance, there are a couple reasons why flipping might be a better choice. For starters, most condos belong to HOAs which are not landlord friendly. Additionally, right now is a great time to flip. Many flippers are seeing profits rise 25%. In this scenario, it might be best to flip and then reinvest the profits. ----------------- About Clayton Morris: As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Morning Invest with his wife, Natali, bringing you news you won’t hear on major networks. ---------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.