There’s a lot of info out there about investing in real estate. You don’t have to look far to find gurus on the internet selling their courses. All of this information can be confusing and conflicting. What is actually the best way to invest in real estate?
On this Q&A episode of Investing in Real Estate, I’m answering this question on how to scale a real estate business —and more! Click play to hear my answers to your questions on scaling, cash out refinances, and leveraging a high value commercial property!
On this episode you’ll learn:
- How to scale from one rental property and grow your portfolio.
- How to take advantage of the equity in multiple properties.
- What to do with a high value commercial property.
How to Scale From One Rental Property and Grow Your Portfolio
While there is value in finding mentors, I truly believe that you can learn everything you need to know about real estate for free. We have tons of valuable, free information on our podcast, blog, and YouTube channel. If you’re looking to grow from one rental property, I would suggest assessing how much equity you have in that property.
If you’re in a good equity position, you can talk to a banker about using a HELOC or cash out refinance to obtain your second property. I always suggest seeking out smaller local banks first. They can often offer you better rates and more flexibility.
How to Take Advantage of the Equity in Multiple Properties
There are a couple options when it comes to using the equity in multiple properties. You could look into getting a portfolio loan, pursue private loans, or even hard money lenders. Again, my advice is always to check with your local banks to see what they can offer for your unique situation. I also highly recommend Flagstar Bank and Jasey Capital Group.
What to Do with a High Value Commercial Property
If I were in this position, I would not be considering selling a high value asset. I would take out a loan against the asset, and buy cash flowing real estate. If you start with finding your Freedom Number, you can determine how much cash flow you would need to support your lifestyle.
Ask Me a Question at morrisinvest.com/clayton
Episode Resources
Book a Call with Our Team
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Flagstar Bank
Jasey Capital Group
Download the Freedom Cheat Sheet
morrisinvest.com/webinar
Download the free Financial Empowerment Bootcamp
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
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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.
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.
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