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FAQ’s

We’ve helped many people buy their first investment property and we’ve helped many seasoned investors build their portfolio of properties. With any investment there are going to be some commonly asked questions. In our many years of business we’ve heard many of the same questions over and over again. We decided to compile a list of our most frequently asked questions in no particular order. If you don’t see your question here then please feel free to drop us a line.

How does your process work?
We try to make it as simple as possible for our clients to acquire a cash-flowing rental property. After our initial phone call one of our team members will send you a few properties to review. Once you’ve picked one you like we draw up a simple purchase agreement for sale. You sign it on the last page and return it to us. Our title company then readies everything for closing. In the meantime we’ll provide you with list of things to expect prior to closing. Once the title work is completed for closing we will email you the documents to sign. The title company handles the money in escrow and that’s it. The house is yours! Rent checks are usually sent out on the 20th of the month. There are very few steps in this process.
What should I expect prior to closing?
While the title company gets everything ready to close you’ll want to set up insurance on the property. We will provide you with the name and number of a company that handles policies for most of our personal rentals. Totally up to you if you want to use them or not. Our property management company will also get everything set up for you to receive your rent checks (mailing address, etc.)They will also send you a copy of the tenant lease agreement. That’s about it!
Do you work with property managers?
Of course we do. It’s the only way we do business. We work with a few different great property management companies and will refer you to them upon request.
How do your property managers screen tenants?
They do full criminal background checks on potential tenants. They also check credit and verify current employment. Additionally our property managers verify rental history by talking to previous landlords to confirm on-time monthly payments. We have great tenants in our properties that tend to stay for many years.
Where are your properties located?
We operate in a few states like Texas and Tennessee, but our field team is always analyzing markets.
What types of properties do you sell?
We provide two and three bedroom single family homes to our clients as well as duplexes.
What if we want to use a loan to buy a property?
That’s not a problem. However you should expect it to take a bit longer to close. Anytime that you work with a bank it will slow down the process. We can connect you with one of our lenders.
How do you make money, what are your fees?
We are able to purchase and develop our new construction properties in bulk. This allows production in higher volume vs. higher margin. This also allows us to offer more services and benefits to our clients without charging additional fees to have access to our team and products.
Who is SDIRA Wealth?
As Clayton mentions in his welcome video, we are a collaborative team which allows us to work effectively in bringing a customized approach to education and real estate investment. From financial education to customer service, Morris Invest and SDIRA Wealth work together to bring you a full service experience. With 20 years of experience in real estate and over 1 billion in sales SDIRA Wealth is nationwide operating in 14 states and over 40 cities. Our mission together is “to empower people to move beyond the status quo and create the best possible experience with our solution.”
Where are the properties?
We always focus on landlord friendly states with the highest job growth and lowest vacancy rates. Each of our markets are studied for at least 12 months prior to beginning our lengthy development process. We operate in 14 states and over 40 cities.
What is all of this going to cost me?
One of the benefits of working with our team is the fact that we produce in high volume which allows us to negate extra fees for you. We are an educational company and we believe in financial intelligence. All we ask in return is to take time to educate yourself on strategies we offer and have an understanding of the value and benefits we can provide.
What are my financing options?
Over the past 20 years we have formed relationships with over 60 different lenders. We offer every type of financing to allow our team to customize the right portfolio to meet your needs. We offer conventional financing, portfolio financing, International financing, IRA financing, and non-recourse financing.
Can I see a list of properties?
Our goal is to create the best possible experience for our clients. Over the past 2 decades we have built relationships with our clients so we can best understand their needs and how to best serve them. Once we know where we can add value and what solution will make the greatest impact we then will customize a portfolio that will meet your needs, this is when we showcase the properties available.
How much do I pay for property management?
One of the benefits of working with our team is our ability to pass on a lower rate to our clients based on our high volume with the property management companies. Each management company lays out their fee schedule which can include a lease up fee covering the costs of obtaining a new tenant.
What lender should I use?
Depending on the property and location we have banks lined up that already have an understanding of the properties and strength of the market. As a full service company we are able to provide you with a connection to these lenders that offer competitive terms.
How do you get such a low interest rate?
Completing thousands of transactions has allowed us to build strong relationships with banks that know our product and process. This also creates a competitive advantage between lenders who are looking to earn our business. We have a dedicated team working with these lenders to bring those rates to our clients.
What is non-recourse financing?
Non-recourse financing is a loan that is secured by the asset itself, meaning the property not you or your company. You as the borrower are not liable which therefore lowers the risk. The property itself represents the collateral thus securing the loan for you as the investor.
Why have I never heard of self-directed IRAs before?
Since 1974 investors have been able to self-direct their IRAs. Most financial advisors offer investment in stocks, bonds and mutual funds which in turn allows them to make money. Public education on self-direction is lacking but our team is committed to changing that awareness.
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