Today’s first caller wants to start investing, and she’s not sure if she should sell her home, start house hacking, or take another route. What’s the best option for her to start diversifying her income? That’s the first question I’m answering on today’s Q&A episode!
On this episode of Investing in Real Estate, I’m taking three of your great questions on how to decide if you should sell your home to start investing, my experience with cost segregation software, and investing in Europe. Click play to hear my answers to your great investing questions!
On this episode you’ll learn:
- My thoughts on selling your home to invest
- The pros and cons of cost segregation software
- How to go about investing in Europe
My Thoughts on Selling Your Home to Invest
Depending in your life circumstances, using your home’s worth or your home equity can be a great way to get your foot in the door with real estate investing. My main suggestions would be to make sure you’re investing in landlord friendly states (to avoid major headaches) and to work with a property management team (to make your experience as hands-off as possible). If you’re interested in learning more about our build-to-rent properties, you can schedule a free call at morrisinvest.com.
The Pros and Cons of Cost Segregation Software
Personally, I don’t have any experience using cost segregation software; I’ve always worked with an engineer. Here are few that I’ve heard of before, if you’d like to look into them: SegStream, KBKG, and Titan Echo.
The main benefit of using cost segregation software is that it is cheaper. The cons are that at the end of the day, you still need a field study and when you work with a professional, you can trust that everything is done correctly.
How to Go About Investing in Europe
Unfortunately I don’t know much about investing in Europe/The Netherlands. I would assume that you can invest under your company’s name, but be sure to check with your tax professional.
Ask Me a Question at morrisinvest.com/clayton
Episode Resources
Book a Call with Our Team
morrisinvest.com/recession
SegStream
KBKG
Titan Echo
How to Pay Off Your Mortgage in 5 Years
morrisinvest.com/Clayton
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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.
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