How do you set the groundwork in your finances to build a better financial future? On today’s show, I’m sharing how you can build a customized plan to approaching your finances—plus answering more listener questions!
On this Q&A Monday, I’m answering your questions on how to get your finances in order, how to assess the neighborhoods you buy your rentals in, and how to get financing post-bankruptcy.
On this episode you’ll learn:
- The best way to gain a financial education.
- How to know if a neighborhood is safe for your tenants.
- Some financing options if you’ve gone through bankruptcy or have poor credit.
The Best Way to Gain a Financial Education
If you want to learn more about getting your finances in order, I’ve got a freebie for you! My team and I have been working hard on the 90-Day Financial Empowerment Bootcamp. This week-by-week program will teach you everything you need to know about paying down liabilities, buying performing assets, and changing your mindset about money. Download the 90-Day Financial Empowerment Bootcamp for free at morrisinvest.com/bootcamp.
How to Know If a Neighborhood Is a Safe Bet
Got a gut instinct that the neighborhood you’re looking to invest in is a bit iffy? Undoubtedly, go with your gut! Whether you’re worried about crime or job diversity, it’s better to be safe than sorry. We spend a ton of time researching rental markets. Because your market can make or break your experience, it’s best to steer clear of iffy neighborhoods.
Some Financing Options If You’ve Gone Through Bankruptcy or Have Poor Credit
Bankruptcies are no fun, but the truth is: we all go through financial hard times. But don’t let that deter you from reaching your goals. Some great financing options include tapping into your retirement, using business lines of credit, private money, and non-recourse financing. Without a doubt, the sky is the limit if you’re willing to be creative.
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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.
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