Search
Generic filters
Exact matches only

Investing In Real Estate Podcast

What is the best way to organize your rental property documents? Especially as you grow your portfolio, it’s important to have your files both organized and accessible. On this Q&A episode, we’re diving into organization tips for your real estate documents.

This episode also contains listener questions on choosing an insurance company for your rental properties, and how to find a HELOC for an investment. I appreciate your questions, and I hope you find my answers helpful. Please join me for episode 863 of Investing in Real Estate!

On this episode you’ll learn: 

  • How to organize your real estate documents.
  • What to look for in an insurance company.
  • Where to look for a HELOC for investing.

How to Organize Your Real Estate Documents

As you grow your real estate portfolio, it’s important that you have a system in place to organize your documents. I’d start with a cloud-based system like Dropbox or Google Docs, and then create folders organized by year > LLC > property address. I’d also suggest making sure you’re backing up everything physically either quarterly or yearly. Here is a blog post on organizing your documents, as well as a spreadsheet you can use to get the ball rolling.

What to Look for in an Insurance Company

When you’re shopping around for insurance on your rental properties, get a few customized quotes to see what your options are. The best policy is going to depend on your state, your asset types, and whether or not you’re bundling with other products. Personally, I like NREIG because of their online portal.

Where to Look for a HELOC for Investing

My favorite places for finding a HELOC are Dan Kraus at Churchill Mortgage and Flagstar Bank. I know it’s discouraging to hear ten “no’s,” but keep going until you find what you’re looking for. There are definitely lenders out there that are willing to work with investors.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
Zapier.com/investing
Performing Assets Spreadsheet
NREIG Insurance 
Dan Kraus at Churchill Mortgage
Flagstar Bank
morrisinvest.com/Clayton
Download the FREE Financial Empowerment Bootcamp
Download the Freedom Cheat Sheet
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

July 25, 2022

Submit a Comment

Your email address will not be published.

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.