Search
Generic filters
Exact matches only

Investing In Real Estate Podcast

What can you expect to pay when working with our full-service real estate team? Are there monthly fees or membership costs? On this Q&A Monday, I’m answering this question!

On today’s show, I’m replying to three listener questions about what it costs to work with Morris Invest, what to consider before building a new property on a piece of land, and how to get equity out of a mobile home. Press play to hear my answers to your questions!

On this episode you’ll learn:

  • What it costs to work with Morris Invest.
  • What to consider before building a new property.
  • How to get a loan on a mobile home investment.
  • And more!

What It Costs to Work with Morris Invest

When you work with us, you pay the price of the property— that’s it! The benefit with working with our team is that we work in high volumes, and therefore don’t have to charge extra fees. We are an education company and we believe in financial intelligence. All we ask is that you take the time to educate yourself on the strategies we offer and gain an understanding of the value and benefits we can provide. You do have to pay your property manager a monthly fee, but we work to negotiate a low fee for you.

What to Consider Before Building a New Property

Usually if you’re planning on buying a piece of land, you can negotiate the price! That’s my number one tip in this scenario. Check the county records to see who owns the land. As an investment, be sure to run your numbers and ensure you can generate a high return. Additionally, you’ll want to check the demographics of the area. Look for metrics like crime rate, population growth, school districts, and job diversity.

How to Get a Loan on a Mobile Home Investment

It can be difficult to find a loan for a mobile home, but that doesn’t mean it’s impossible. I don’t have a specific recommendation to share, but if you shop around on the national level, it can be done. Be prepared to pay a slightly higher interest rate. If you’re unable to find a mobile home equity loan, consider taking out a private loan or checking out your local real estate meetups.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
RentRedi.com ← Use code INVESTING to get RentRedi’s annual plan for only $54!
morrisinvest.com/clayton ← Ask me a 30-second question!
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
morrisinvest.com/lower-taxes
Subscribe to Investing in Real Estate on iTunes
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.

Skills

Posted on

May 24, 2021

Submit a Comment

Your email address will not be published. Required fields are marked *

Freedom Number Cheat Sheet updated image

Find Your Freedom Number!

How much real estate will it take to reach your dreams? Unlock your "freedom number" using the step-by-step process I use with my own family.

Font Resize