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Investing In Real Estate Podcast

Is it a good idea to house hack in order to get your start as a real estate investor? That’s our first question on today’s show, and I’m going to share some pros and cons of house hacking.

This Q&A episode also contains questions about accelerating cash flow and what you need to know about using a HELOC to invest. If you want to hear my answers to your real estate questions, press play on this episode of Investing in Real Estate!

Pros and Cons of House Hack to Get Started in Real Estate

If you have money that you’re considering using as a down payment to house hack your first investment, I think that’s smart. Interest rates are low, and house hacking is a great way to build equity and grow your net worth. On last week’s Q&A, I spoke in detail about how to house hack: you can find that episode here. I would recommend only moving forward with this strategy if you love the area and can find a great property.

Alternatively, if you’d rather make an investment you don’t have to live in, consider establishing a real estate partnership. Here’s a video I published on creating a partnership. In this scenario, you can pool your down payment funds with another investor (or multiple investors) and buy a rental property in one of the best rental markets.

How to Accelerate Cash Flow

I understand that a 30-year mortgage is not optimal for every investor. That’s why my team cares about learning every client’s goals and timelines. We work with over 60 different lenders and are proud to offer multiple financing options, including 15 and 20 year mortgages. If I wanted to accelerate my cash flow, I’d get a shorter term mortgage and use the tenant’s rent to pay down that mortgage ASAP.

What to Consider Before Getting a HELOC

Investing with a HELOC is one of my favorite strategies, but it may not be the right strategy for your current situation. If you know you’re planning on moving, it’s not the best move to tap into your equity. In order to sell your home, you’d have to pay back your line of credit. You could consider using a portion of a HELOC to make a down payment on a rental property, but you’d want to be sure you have the means to pay it back before you plan on moving.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
SimpliSafe.com/investing ← Save 20% on your SimpliSafe system + first month free of Interactive Monitoring!
Q&A: Should I Wait to Invest? – Episode 763
How to Buy Rental Properties with Multiple Investors 
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!
Subscribe to Investing in Real Estate on iTunes
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Subscribe to the Morris Invest YouTube channel
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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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Posted on

August 16, 2021

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