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Investing In Real Estate Podcast

What’s the best way to replace your w-2 income with performing assets? On today’s show, I’m sharing the first step you should take to start covering your expenses with passive income.

This Q&A episode also features questions on reclaiming tax liens, and how to build your support team as a real estate investor. Click play to hear my answers to your questions!

On this episode you’ll learn: 

  • How to replace your income with performing assets.
  • My experience buying properties with tax liens.
  • Resources for finding real estate savvy CPAs and attorneys.

How to Replace Your Income with Performing Assets

I think having a high net worth is great, but it’s equally important to have performing assets that can produce cash flow to cover your expenses. If you have a portfolio of assets, I would be looking for ways to turn those assets into performing assets. A good place to start is by calculating your Freedom Number with my free cheat sheet.

My Experience Buying Properties with Tax Liens

I’ve had success purchasing properties with tax liens earlier in my investing career. Admittedly, it’s not something I’ve done recently. I can recall having to be at the courthouse on the exact date with a specific payment type at the ready. If this is something you’re ready to get started doing, I’d recommend going to your local real estate meetup and talk to investors who are actively using this strategy.

Resources for Finding Real Estate Savvy CPAs and Attorneys

For taxes, check out Tom Wheelwright’s network through WealthAbility — he has trained CPAs across the country. For attorneys, I recommend the team at Corporate Direct.

Episode Resources

Book a Call with Our Team
morrisinvest.com/gold
WealthAbility
Corporate Direct
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
Subscribe to Investing in Real Estate on Apple Podcasts
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.

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Posted on

June 10, 2024

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