Retirement Crisis: Social Security Is Collapsing - Episode 498

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You probably already know that most Americans are ill-prepared for retirement, and that the stability of the Social Security program continues to unravel. But new data shows incredible issues with the Social Security program and its future.

On this episode of the Investing in Real Estate Podcast, we’re discussing the truth about the impending Social Security collapse. You’ll learn about huge faults within the system, what the numbers really say, and how you can proactively prepare for your retirement!

On this episode you’ll learn:

• What percentage of American claim their Social Security benefits early.

• Why the paradigm is not working.

• A real solution to the Social Security crisis.

• How to start building your own wealth.

• And more!

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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.

How to Do Vacation Rentals Right with Jim Dixon - Episode 497

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This episode of Investing in Real Estate is sponsored by ZipRecruiter!  ZipRecruiter sends your job to over 100 of the web’s leading job boards—but they don’t stop there.  With their powerful matching technology, ZipRecruiter scans thousands of resumes to find people with the right experience and invites them to apply to your job. And right now, my listeners can try ZipRecruiter FOR FREE at this exclusive web address: ziprecruiter.com/investing.

This episode is also sponsored by The Great Courses! This service offers a huge library of audio and visual courses on just about any topic you can imagine. And with The Great Courses Plus, you can learn on any device, completely on your schedule. For a limited time they’re offering my listeners a full FREE month of unlimited access to their entire library. Start your free month today by visiting thegreatcoursesplus.com/investing.

Investing in vacation rentals can be a very profitable business model. However, it’s important to invest in the right markets, to price appropriately, and to have a streamlined process. Jim Dixon is the CEO at 30A Escapes Vacation Rentals, and a seasoned expert in the vacation rental field.

On this episode of Investing in Real Estate, Jim is sharing the ins and outs of investing in short-term beach rentals. We’ll discuss industry standards, investment cost, how to create demand, and more! If you’ve ever wondered how to do vacation rentals the right way, this episode is for you!

On this episode you’ll learn:

• How Jim started investing in vacation rentals.

• The details on 30A’s full-service business model.

• What types of properties create the biggest demand.

• How to keep occupancy rates high in a vacation rental market.

• How to research a vacation rental market.

• And much more!

Episode Resources
ZipRecruiter
The Great Courses
Dan Kraus at Churchill Mortgage
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Jim Dixon
Website
Facebook

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.

How to Invest in Real Estate: Part 1 - Episode 496

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Today’s episode of Investing in Real Estate is sponsored by Pitney Bowes! With SendPro Online from Pitney Bowes, it’s just click, send, and save for as low as $4.99 a month. Send envelopes, flats, and packages right from your desk and you are back to business in no time. Go to pb.com/CLAYTON to access your FREE 30-day trial PLUS a FREE 10-pound scale.

Today’s episode of Investing in Real Estate is sponsored by Rhone. Rhone is a men's performance lifestyle and premium activewear brand that is engineered for unparalleled quality and comfort. Go to rhone.com/investing and use promo code INVESTING to get 20% off your first purchase!

Want to invest in real estate, but aren’t sure where to begin? In this new series, we are taking you back to basics and discussing how to start building wealth via performing assets. We believe that buy and hold real estate is the best way to build wealth, and we want to empower you to take control of your own financial freedom.

In part 1 of this series, we’re going to discuss the importance of setting a goal, and how to get in the right mindset. You’ll learn the three distinct steps you should take to begin investing in real estate. Don’t miss this episode of Investing in Real Estate!

On this episode you’ll learn:

• How flipping differs from buy and hold real estate.

• Why identifying your goal is so important.

• How to determine how many rental properties you need.

• Different types of performing assets.

• Why you might not want to invest where you live.

• How to find off market properties.

• And more!

Episode Resources
Pitney Bowes
Rhone
How to Wholesale Real Estate
Financial Freedom Academy
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

How to Live Off Rental Income - Episode 495

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When you're a real estate investor and business owner, it's important to be mindful about how you use your rental income. Obviously, the ultimate goal is to reach financial freedom and live exclusively off your rental properties—but you have to do it correctly!

On this episode of Investing in Real Estate, Natali and I are sharing how to live off rental income! We'll talk about using the money in your LLCs' bank accounts, how to avoid commingling, and how to pay yourself as a real estate investor.

On this episode you’ll learn:

• The importance of owning real estate in LLCs.

• How to legally use the money in your LLCs’ bank accounts.

• How to avoid commingling.

• What a holding company does.

• How to align your salary with your goals.

• The way real estate investors are taxed.

• How to legitimately funnel expenses through your business.

• And more!

Episode Resources
The Best Legal Entity for Real Estate Investing
Loopholes of Real Estate by Garrett Sutton
Using the Money in Your LLCs’ Bank Accounts
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

How to Live a Life of Gratitude with Dan Rooney - Episode 494

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Today’s episode of Investing in Real Estate is sponsored by Pitney Bowes! With SendPro Online from Pitney Bowes, it’s just click, send, and save for as low as $4.99 a month. Send envelopes, flats, and packages right from your desk and you are back to business in no time. Go to pb.com/CLAYTON to access your FREE 30-day trial PLUS a FREE 10-pound scale.

This episode is also sponsored by The Great Courses! This service offers a huge library of audio and visual courses on just about any topic you can imagine.  And with The Great Courses Plus, you can learn on any device, and completely on your schedule. For a limited time they’re offering my listeners a full FREE month of unlimited access to their entire library. Sign up at thegreatcoursesplus.com/INVESTING.

We strongly believe that a big part of wealth building is centering an abundance mindset, and giving to charity. Every month, Morris Invest donates a a percentage of all profits to a non-profit organization called Folds of Honor. Folds of Honor was created by Major Dan Rooney in 2007 with this mission: to provide scholarships to the family members of America’s fallen and disabled service-members.

On this episode of Investing in Real Estate, we’re joined by Major Dan Rooney to talk about living a life of gratitude, the importance of serving others, and exactly how Folds of Honor came into existence. Dan is sharing incredible insights into how helping others can improve your life, what it means to find fulfillment, and how to learn and grow from the difficulties in your life.

On this episode you’ll learn:

• How Folds of Honor got its start.

• The spiritual benefits of doing good deeds.

• How to use your talents to make a positive impact.

• What it means to find fulfillment.

• The truth about difficulties and defining moments.

• And more!

Episode Resources
Pitney Bowes
The Great Courses
morrisinvest.com/charity
A Patriot’s Calling by Major Dan Rooney
The Opposite of Spoiled by Ron Lieber
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Dan Rooney
Website
Facebook
Twitter

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.

Evictions Don't Have to Suck - Episode 493

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This episode of Investing in Real Estate is sponsored by Peloton! Can’t find a workout that keeps you engaged? Peloton is an immersive cardio experience with real-time features that will always keep you coming back. Work up a great sweat at home, for less than the cost of a studio class. No commute, no reservations. Right now, Peloton is offering our listeners $100 off accessories when you purchase the Peloton Bike. Visit onepeloton.com and use promo code INVESTING.

Unfortunately, evictions are an inevitable part of the real estate investing business. It’s important that you understand that evictions don’t have to be scary or overwhelming. That’s why we wanted to let you in on a conversation we had about evictions in our personal rental property portfolio.

On this episode of Investing in Real Estate, you’ll hear about our experience going through evictions. We’ll discuss how to make decisions about evictions, how to work with your property management team, and what to expect from the process. Please join us for this discussion on evictions!

On this episode you’ll learn:

• Why it’s harder to collect rent at the end of the year.

• When to consider lowering your monthly rent.

• How to deal with repairs during a tenant turnover.

• What happens during a lock out.

• The importance of investing in landlord friendly states.

• How to prepare for expenses in your ROI formula.

Episode Resources
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

What Is Your Freedom Number? - Episode 492

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What does it truly mean to have financial freedom? Many people dream of being a millionaire or owning a garage full of fancy cars, but on today’s show I want to discuss a different approach. A million dollars is an arbitrary number—I want to encourage you to find a realistic number that would cover all of your expenses and allow you to live comfortably.

On this episode of Investing in Real Estate, we’re revisiting the Freedom Cheat Sheet. This free download is the basis of everything we do in real estate investing, and I hope it will inspire you to create an intentional life with clear goals. If you’ve ever wondered how many rental properties it would take for you to live financially free, this episode is for you!

On this episode you’ll learn:

• The importance of understanding your why.

• The difference between a golden goose and a golden egg.

• What financial freedom truly means.

• The power of putting your numbers down on paper.

• Why you should review your monthly expenses and subscriptions.

• How to calculate your unique Freedom Number.

Episode Resources
If You’re Saving Money, You’re Losing Money
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.