On this episode, we’re welcoming back our client Michael to discuss how he’s expanded his real estate portfolio. Since we last talked, Michael has purchased more rental properties, paid off debt, and pursued multiple financing options.
You’re going to hear Michael’s full update, including how he used conventional financing to grow his portfolio. We’ll talk about the benefits of working with a full-service real estate company, tax tips for real estate investors, and more. Join us for this episode of Investing in Real Estate!
On this episode you’ll learn:
- How Michael’s portfolio has been affected by the pandemic.
- Why Michael recommends working with a full-service real estate company.
- Michael’s experience purchasing rental properties with conventional financing.
- And much more!
How Michael’s Portfolio Has Been Affected by the Pandemic
Luckily, Michael has not had any devastating issues with his portfolio during 2020. None of his tenants have experienced job losses, and most were able to keep up on rent throughout the pandemic. For those tenants who have fallen behind, Michael was able to work with them until they received relief from government programs or charities.
Why Michael Recommends Working with a Full-Service Real Estate Company
As an investor who has purchased rental properties on his own as well as with a full-service real estate company, Michael has a clear preference. He finds working with a company like Morris Invest much more convenient. With Morris Invest, Michael didn’t have to do market research, vet a property management team, pay for costly renovations, or seek out financing options. Full service real estate investing gives you all the tools you need to succeed.
Michael’s Experience Purchasing Rental Properties with Conventional Financing
It’s no secret that interest rates are at a historic low. Right now, you can expect mortgage rates to hover around 3%. Michael decided to refinance his rental properties this year, and also purchased a rental property with non-recourse financing.
Episode Resources
Book a Call with Our Team
Wealthfront.com/investing ← Get your first $5000 managed for free!
HelloFresh.com/investing10 ← Use code investing10 for 10 free meals + free shipping!
How to Spend Less Time Working and More Time Living – Episode 556
Subscribe to Investing in Real Estate on Apple Podcasts
Download the free Financial Empowerment Bootcamp
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
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.
Ready To Build Passive Income Through Rental Real Estate?
Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.
