Is it better to use your cash to slowly buy one property at a time? Or should you use your reserves on multiple down payments? This is a common question, and it’s one I’m happy to answer on this Q&A episode.
On today’s show, I’m answering three of your questions on the best way to use your funds, how to scale in real estate investing, and how you can learn more about our available properties. It’s all here on today’s episode of Investing in Real Estate!
On this episode you’ll learn:
- How to decide if you should buy one property outright or finance multiple.
- Ways to scale your real estate business.
- How to learn more about our properties.
How to Decide If You Should Buy One Property Outright or Finance Multiple
In most scenarios, I would think it’s better to finance multiple properties. If you can build wealth with the bank’s money, I think that’s the way to go. The great thing about rental real estate is that you can use your monthly rental income to pay off your loans. If you’re in this scenario, I recommend reading Rich Dad Poor Dad for some motivation.
How to Scale Your Real Estate Business
There are many ways to grow a real estate business, and there is not a one-size-fits all approach. I’d suggest that you first start with a goal and determine what your Freedom Number is. From there, you can design a strategy that works for you. My team is also available to help you create a plan; you can book a free call here. Personally, I’ve used a multitude of strategies including a HELOC, 401k, business credit, and so much more.
How to Learn More About Our Properties
We don’t send out an inventory list to prospective investors because our properties are specifically designed for different solutions that meet the needs of our clients. We have built relationships with our client so we can best understand their needs and how to best serve them. Once we know where we can add the value and what solution will make the greatest impact we then will customize a portfolio that will meet your specific needs. If you’re interested in building a relationship, feel free to click the red button on our website to book a free call.
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!
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morrisinvest.com/webinar ← Sign up for my webinar!
morrisinvest.com/clayton ← Ask me a 30-second question!
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
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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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