If you’ve approached the traditional lending limit of ten mortgages, should you pay them off aggressively or pursue creative financing methods? On this Q&A Monday, I’m sharing my insights into evaluating your portfolio growth—and more!
This episode features three listener questions including planning your payoff strategy, the best investment type for a new real estate investor, and how to get started buying real estate when you have no money. It’s all here on episode 657 of Investing in Real Estate!
On this episode you’ll learn:
- Should a cash-flow focused investor pursue creative financing options after hitting traditional financing limits?
- What is the best investment type for new investors?
- How do you invest in real estate with no money?
Should a Cash-Flow Focused Investor Pursue Creative Financing Options After Hitting Traditional Financing Limits?
The short answer is yes! Things like debt-to-income ratios and limits on traditional mortgages shouldn’t hold you back from growing your portfolio. Consider non-recourse financing, business lines of credit, leveraging your retirement, and more! The sky is the limit for a creative investor. Focus on building your net worth and remember the three stages of real estate: buy, own, and cash flow.
What Is the Best Investment Type for New Investors?
New investors should examine their appetite and consider either wholesaling or buy and hold real estate. Wholesaling gives you a basic understanding of how the real estate business works, and provides a fantastic way to make cash. Depending on your financial situation and/or willingness to make connections, buy and hold real estate can be an excellent option.
How Do You Invest in Real Estate with No Money?
If you want to pursue real estate investing but you don’t have the funds to get started, don’t let that limit you. It’s all about getting creative. Consider alternative financing options, or go out and build relationships with money partners in your area.
Ask Me a Question at morrisinvest.com/clayton
Episode Resources
Book a Call with Our Team
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Financing for Rental Properties 2020
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Loopholes of Real Estate by Garrett Sutton
What Is House Flipping? with Jerry Norton
Jerry Norton’s Flipping Mastery 10k Club
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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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