EP264: The Pros of Real Estate Investing

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

There are many ways you could invest a chunk of money—but real estate is by far the safest and best strategy for creating long-term wealth. There are many pros to owning rental real estate, but unfortunately this isn’t traditional advice you might hear from a financial advisor.

On this episode, I’m walking you through six key areas that make real estate the best investment vehicle there is! I’ll talk about tax benefits, the power of owning a tangible asset, and much more! Don’t miss episode 264 of Investing in Real Estate! 

 

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  1. Real estate has incredible tax advantages. One of the biggest pros of investing in real estate is the tax benefits! Investing in real estate is an amazing way to offset your overall tax burden. 
  2. Real estate is a tangible asset. A rental property is an actual structure on a real piece of land. A stock certificate is just a piece of paper that indicates that you own a share.
  3. When you invest in real estate, it's difficult to be defrauded. You receive a title and deed, and everything is registered with the federal government.
  4. You can leverage debt to buy more real estate! You can use debt to actually grow your net worth.
  5. Real estate investments are a terrific way to hedge against inflation. When you own real estate, you're creating cash flow. You can even increase your rental rate over time.
  6. Real estate can never go down to zero! When you own a piece of real estate, you can always sell it! Even if the value drops, it never becomes worth nothing, unlike a stock.

On this episode you'll learn: 

  • How does the new tax law increase advantages for investors?
  • Why is having an actual deed to a property so powerful?
  • Why isn't flipping considered investing?
  • And much more! 

Episode Resources
Fund&Grow
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

There are many pros to owning rental real estate. Here are six key areas that make real estate a great investment vehicle!

EP263: How to Build Legacy Wealth with Rental Properties - Interview with Paul Simon

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by ZipRecruiter. With ZipRecruiter, you can post your job to 100 plus job sites with just one click. Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates with immediate results. Visit ZipRecruiter.com/investing to post your job for free!

If you’re a longtime listener, you know how I feel about traditional wealth building advice. Contrary to popular belief, your paycheck job isn't as stable as you've been led to believe, and a 401k isn’t exactly the gold standard of investment vehicles. Today’s guest, Paul Simon, lived through this experience, and decided to take control of his retirement and his family’s future.

On today’s show, Paul is sharing how he started investing in his late 50’s, and discussing his experience generating a passive income through rental properties. We’ll talk about the importance of legacy wealth building, and the financial education he plans to instill in his daughters. Paul’s story is so inspiring—you won’t want to miss episode 263 of Investing in Real Estate!


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Paul Simon and his wife live in Houston, Texas, where they've both had successful careers. Paul is self-employed, while his wife worked at a small trading company for decades. But suddenly, his wife's company decided to change directions and she was let go. 

Paul had always been interested in real estate investing, but he never felt like it was within his reach. After all, it can be difficult for a beginner to find a high return property in the right rental market. But after hearing about our turnkey process on a podcast, Paul realized that a passive turnkey experience would be the perfect match.

He booked a call with our team, and quickly took action on his first rental property. He loved the experience and the cash flow, so he decided to grow his portfolio. At the time of this recording, Paul has ten rental properties which afford him approximately $5000 every month in passive income. 

At first, his intention was simply to replace his wife's salary. But now that he's realized the potential of passive income, he's refocused. Paul is aiming to also replace his own salary, so that someday he can retire. He also plans to build legacy wealth to hand down to his daughters.

On today's show, Paul is sharing more details about his personal investing strategy. We'll talk about the bulk of his portfolio, and how to learn more about estate planning. You'll learn about the power of passive income, and Paul is sharing his plans for the future. Don't miss this episode of Investing in Real Estate!

If you're interested in replicating Paul's success, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn:

  • What are Paul's plans to expand his portfolio further?
  • What are the tax implications of investing in real estate?
  • How can you learn more about estate planning?
  • And much more!

Episode Resources
ZipRecruiter
York, Howell, and Guymon
EP167: Basic Estate Planning for Legacy Wealth Building - Interview with Andrew Howell
Rich Dad Poor Dad by Robert Kiyosaki
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

 

At first, Paul's intention was simply to replace his wife's salary. But now that he's realized the potential of passive income, he's refocused. Paul is aiming to also replace his own salary, so that someday he can retire. He also plans to build legacy wealth to hand down to his daughters.

EP262: Our Story Part 3: Hitting Rock Bottom

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by Betterment. Betterment is the largest independent online financial advisor. Their service is designed to help improve customers’ long-term returns and lower taxes for retirement planning, building wealth, and other financial goals. Investing in Real Estate listeners can get up to one year managed free. For more information, visit betterment.com/clayton.

In this series, Natali and I have discussed our biggest real estate mistakes and downfalls. Unfortunately, the story doesn’t get better from there. We both lost jobs, questioned our worth, and eventually had to dig ourselves out from debt, bad credit, and limiting beliefs.

On this episode of Investing in Real Estate, we are sharing more of our family’s history—including how we hit rock bottom, financially. We’ll talk about losing our jobs, and how we finally decided to start implementing change and living life on our own terms. You’ll learn about the resources that helped us, and the major paradigm shifts that occurred. Please join us for another installment of our story! 

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As we discussed in part one and part two, Natali and I faced some serious hurdles before our real estate careers took off. After we got married, we believed the traditional advice about wealth building: that we should work for a paycheck, put some money aside in a 401k, and eventually retire.

But after I was let go from a broadcasting job in Philadelphia, my mentality started to change. I promised myself that I would never let an employer dictate my future or determine my worth ever again. Even though I did jump into another paycheck job, I started researching in-depth how to take control of my future and finances.

Because I worked weekends at FOX, I was able to spend the rest of the week learning about entrepreneurship and wealth creation. I spent hours upon hours reading books, listening to podcasts, and implementing ideas.

Shortly after we had our first child, Natali lost her job. She felt that same pain that I had experienced years before. When she tried to find something else that would fit our family’s schedule, it just didn’t work out. She wanted to work part-time, and nothing seemed right. She decided that if she couldn’t bring in income, that she would learn more about personal finance and how to be a better steward of the money we did have.

Simultaneously, we went on a learning journey. As I looked into investing strategies and entrepreneurial pursuits, Natali realistically surveyed how to implement them. At this point, we hadn’t yet pursued real estate, but the wheels about wealth building had started to turn.

On today’s show, we’ll share more about hitting rock bottom—including the huge paradigm shifts we experienced during this time. We’ll talk about the importance of self-education, and how Rich Dad Poor Dad changed our perspectives. Don’t miss episode 262 of Investing in Real Estate! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn:

  • What is the importance of having a working balance sheet? 
  • How should you attack your balance sheet? 
  • What books did we read during this time?
  • Why is it so hard to create wealth in the stock market?
  • And much more! 

Episode Resources
Betterment
EP256: Our Story Part 1: How Clayton Went Through Foreclosure and Destroyed His Credit
EP259: Our Story Part 2: Why Natali Made a Big Mistake Buying an A Class Property
EP106: How to Balance Assets vs. Liabilities
Rich Dad Poor Dad by Robert Kiyosaki
The 4-Hour Workweek by Tim Ferriss
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Natali and I faced some serious hurdles before our real estate careers took off.

EP261: Why This One Thing Is More Important Than Passive Income

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Passive income is important, but if you’re not taking care of yourself, all of the money in the world can’t help you. Passive income allows for freedom of time and money, but without your health, you can’t enjoy it to its fullest.

On this episode of Investing in Real Estate, I’m sharing why self-care has to come first. I’ll share the personal anecdote that led to this epiphany, and how you can start implementing healthy habits into your daily routine. You’ll learn about establishing a mission, the importance of mindfulness, and much more!


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Recently one of my investor friends experienced a health crisis, and it made me realize that health trumps passive income. Although my friend had reached the pinnacle of success in real estate investing, his poor health prohibited from enjoying the benefits of his hard work.

Because of this experience, he’s recommitted to his health—and so am I. I’ve started implementing the following five habits into my routine so that I can enjoy my passive income and financial freedom for years to come.

  1. Mindfulness. Studies show that meditation can change the wiring in your brain and reduce your stress levels. Consider implementing meditation into your daily routine.  
  2. Healthy eating. Center your diet around real food, and cut out processed junk. Consider reducing your alcohol consumption, and be mindful about what you put in your body.
     
  3. Fitness. Even something as small as a 30-minute walk can have incredible benefits on your overall health. Exercising helps reduce stress too!
     
  4. Purpose. It’s important to have a mission. Consider how your passive income can allow you to pursue your passions.
     
  5. Personal relationships. Make a point to spend time deepening your relationships. Tell the people you love that you’re grateful for them. 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn:

  • What is the 80/20 Rule?
  • How often should you practice meditation?
  • How can you improve your health by journaling?
  • And much more!

Episode Resources
The Happiness Advantage by Shawn Achor 
The One Thing by Gary Keller
The 4-Hour Workweek by Tim Ferriss
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

On this episode of Investing in Real Estate, I’m sharing why self-care has to come first. I’ll share the personal anecdote that led to this epiphany, and how you can start implementing healthy habits into your daily routine.

EP260: The Art of Raising Capital - Interview with Darren Weeks

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by PropertyZar! PropertyZar is a property management software that provides affordable, user friendly solutions to real estate investors like you. Try PropertyZar for free by visiting propertyzar.com/morrisinvest.

There are many people who would invest in real estate if they only had the capital. Simultaneously, there are many people who have an excess of funds and would love to receive the high returns of real estate, but simply don’t want to do the heavy lifting. Darren Weeks has spent the last thirty years bridging that gap. He is the CEO of the Fast Track group, and one of Robert Kiyosaki’s Rich Dad advisors. Darren is an expert on raising capital, and has successfully put together nearly $500 million in deals in less than five years.

On this episode of Investing in Real Estate, Darren is sharing his best tips about raising capital for real estate. You’ll learn about how to put together a deal, and how to match an investor with a property. We’ll talk about how to gain experience in real estate, and how to build trust with private money lenders.

More About This Show
Darren Weeks is a natural-born entrepreneur with a passion for investing. In fact, he purchased his first rental property as a university student. As he worked to expand his portfolio, he found that he hit a wall—he ran out of money, and the banks didn’t want to lend to him anymore.

He decided to get creative and start raising capital. He started going to conventions and asking for private money partners. He started by reaching out to teachers. Darren explained that he made all of his mistakes at these conventions, but he learned valuable lessons about how to approach potential investors.

He then decided to start going to dentist conventions, which he found was much more profitable. While teachers might be interested in funding one property, dentists had the money to purchase several.

Darren explains that his initial pitch was about establishing trust. At these conventions, he didn’t try to seal the deal on the spot. He simply explained how his deals worked, and asked if it sounded like something the investor wanted to pursue. If they agreed, he would offer them a cassette tape that explained the details of his process. He would also collect their phone number, and reach out to them a week later.

On today’s show, Darren is sharing his secrets into the world of raising capital for real estate investing. He’ll walk you through his exact strategy for pitching to potential private money partners. If you’ve ever wondered about raising capital for real estate, Darren is an incredible resource! This episode will help you elevate your real estate game, increase your knowledge, and grow your portfolio. 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn:

  • What is "dialing for dollars?"
  • How did Darren connect with Robert Kiyosaki?
  • What is the best way to get started if you have no experience?
  • How did Darren systemize his pitch?
  • And much more!

Episode Resources
PropertyZar
The Art of Raising Capital by Darren Weeks
Rich Dad Poor Dad by Robert Kiyosaki
How to Get Private Financing for Real Estate
Black Rifle Coffee Company
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Darren Weeks
Website
Facebook
Twitter
LinkedIn

Darren Weeks is sharing his best tips about raising capital for real estate. You’ll learn about how to put together a deal, and how to match an investor with a property.

EP259: Our Story Part 2: Why Natali Made a Big Mistake Buying an A Class Property

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Book a call with our team: https://goo.gl/dezwHT

I like to say that all successful real estate investors have experienced failure at some point, and that’s certainly true in our family. Last week on the podcast, we shared my real estate mistakes and failures. Today we’re bringing you part two of our story—Natali’s background, and the roadblocks she’s faced on the road to financial freedom.  

On this episode of Investing in Real Estate, Natali is taking us back to her childhood and early career. She’ll explain her family’s background in real estate investing, and the mistakes she made with her first rental property. We’ll talk about the complications that arise from A class rentals, and the importance of investing in landlord friendly states. Please join us for part two of our investing journey! 

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Natali comes from a long line of investors—her grandparents owned warehouses in the Bay Area, and lived off the rent after retirement. She saw their success, and always understood the value in owning real estate.

Her parents are real estate investors as well, and she was raised with the “Rich Dad” mentality. She owned her primary residence in Las Vegas, and when she relocated to San Francisco, she knew she wanted to purchase a piece of real estate there as well.

She purchased and lived in a condo in downtown San Francisco, and when she eventually moved to a different neighborhood, she knew she wanted to turn her residence into an investment. Natali rented out her condo, but the return on investment simply wasn’t there.

In fact, she was actually losing money every month. Her mortgage was high, her taxes were expensive, and the condo belonged to an HOA that had an additional fee. And as I like to say, “A class tenants have A class problems.” Natali’s tenants trashed her property, and caused problems with the HOA.

Overall, her entry into real estate was not a positive experience. However, not so much so that she was discouraged from trying again. After we married and I started talking about investing in real estate, she was on board as long as we found a way to make the experience easier and more passive.

On today’s show, Natali is sharing more about her experience, including her family’s history in real estate, and why her first investment was unsuccessful. We’ll talk about the importance of investing for cash flow, and why investing in tenant friendly states can be dangerous. Don’t miss part two of our story! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn: 

I like to say that all successful real estate investors have experienced failure at some point, and that’s certainly true in our family. Last week on the podcast, we shared my real estate mistakes and failures. Today we’re bringing you part two of our story—Natali’s background, and the roadblocks she’s faced on the road to financial freedom.  

EP258: The New Tax Bill Is Already Affecting Real Estate Investors, Here's How

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There’s been a lot of buzz about how the new tax law will affect homeowners, but what are the implications for real estate investors? A new article suggests that real estate prices are being affected by the new rules—and will continue to adjust in 2018.

On today’s show, I’m sitting down to discuss how real estate prices are being affected by the new tax rules. I’ll share what this means for investors, how you can protect yourself from losing profits, and so much more. Please join me for episode 258 of Investing in Real Estate! 

More About This Show
In a recent report by CNBC, home sales and prices in A class neighborhoods like Manhattan are the lowest in years. Because of the new tax law, homeowners and investors are no longer able to deduct their state and local income taxes. This creates a huge amount of pressure in these higher priced areas, and buyers are hesitant.

However, this creates opportunity and encourages growth in places where taxes aren’t as high. In the markets where we invest, property taxes are much lower than in the high priced A class neighborhoods.

C class neighborhoods where we purchase rental homes are largely unaffected by economic changes. Prices aren’t inflated, the blue collar tenants have steady employment, and the economy is constructed around American-based infrastructure.

So if you’re looking to make a profitable investment, you’ll want to invest in states with high taxes There’s huge opportunity for growth and incentive to invest in places with low taxes, like many Midwestern states.

On today’s show, I’ll speak in depth about how the new tax law affects home sales in states with high taxes. I’ll discuss why buyers are worried about the new rules, and how you can make sure your investment is safe. Don’t miss this episode of Investing in Real Estate! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you'll learn: 

  • In what cities are prices declining?
  • What does this information mean for new construction? 
  • Historically, what happens in C class neighborhoods during economic changes?
  • And much more!

Episode Resources
New York Real Estate Has Its Worst Quarter in 6 Years on CNBC
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

There’s been a lot of buzz about how the new tax law will affect homeowners, but what are the implications for real estate investors? A new article suggests that real estate prices are being affected by the new rules. Here's how.