EP235: What Is an Accredited Investor?

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

“Accredited investor” is a term that Natali and I were relatively unfamiliar with until recently. But this year as we started taking a deeper look at our investment strategy, we were introduced to this term.

On this episode of Investing in Real Estate, we’re discussing what it means to be an accredited investor, and how a real estate investor would qualify for this title. We’ll also explain what types of professions automatically qualify as accredited investors. Please join us for episode 235! 

More About This Show
This year we've been thinking more about our investment strategy as a whole. We've taken a hard look at real estate investment funds, how we run our business, and how we interact with our clients. During a call with our lawyer, he mentioned that if we were selling securities (we're not), we would need to ensure that those clients were accredited investors. 

Since our products are tangible homes, this is not something we need to worry about. But if we sold securities or crowdfunded financial instruments that held monetary value, we'd want to protect our business by selling primarily to accredited investor. 

An accredited investor is a person who meets certain qualifications in terms of income, asset size, net worth, or profession. An accredited investor is thought to be financially competent, and therefore need fewer regulations and legal protections. 

Recently Natali wanted to purchase an investment type that required her to be an accredited investor. On today's show we'll discuss how to become an accredited investor, and legal protection for accredited investors. We'll talk about the importance of calculating your net worth, the requirements for an accredited investor and much more!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn: 

  • Does the value of your home count toward accreditation?
  • What types of professions qualify as accredited investors?
  • How do you become an accredited investor?
  • Can an entity be an accredited investor?
  • And much more!

Episode Resources
Fund&Grow
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
 

 What does it means to be an accredited investor, and how would a real estate investor qualify for this title?

EP229: Learning to Invest with Life Insurance: Part 2 - Interview with Joe McCarrie

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Book a call with our team: https://goo.gl/dezwHT

When we posted the podcast episode about how we’re starting to learn about investing with life insurance, we were inundated with an influx of questions! Admittedly, we are not experts on this topic. We’re just a family learning as we go.

On this episode, we thought we’d sit down with a life insurance expert to field your questions about securing a whole life insurance plan. Joe McCarrie is know as “the Insurance Guy,” and he was kind enough to help us debunk some of the most commonly held misconceptions about the Infinite Banking Concept. Joe is sharing his golden rule for taking out an insurance policy, as well as the ins and outs of taxes and interest rates. Joe has so much knowledge to share; don’t miss this episode of Investing in Real Estate! 

More About This Show
After we announced that we were looking into investing with life insurance, many of you reached out with questions, comments, and concerns. To be honest, we do not feel qualified enough to answer questions about the finer details of this strategy. Natali has read a couple books on this topic, but we are by no means experts.

That’s why the Insurance Guy is here to help us understand the specifics of investing with life insurance. For many of the objections we’ve received, Joe McCarrie explains that by simply being an informed consumer, most risks can be mitigated.  

As a consumer, it’s important to ensure that you’re working with a reputable company. It is your responsibility to read the policy completely, understand what is covered, and what your deductible is.

As a life insurance professional, Joe’s golden rule is: never allow a client to purchase a policy that is greater than they can afford. There are many ways to tailor a life insurance policy to meet your individual needs; it’s important to understand that this is not a one-size-fits-all approach.

On today’s show, Joe is answering more of your questions about life insurance! We’ll talk about the length of the plan, the cost to borrow, and how the death benefit works. Joe is discussing interest rates, what to look for in a policy, and much more! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • What percentage of the policy can be borrowed?
  • To whom is the interest on a life insurance loan paid?
  • Should you pay off your mortgage with a life insurance policy?
  • Do you get a tax deduction on a life insurance loan?
  • And much more about investing with life insurance!

Episode Resources
EP217: Learning to Invest with Life Insurance: Part 1
The Insurance Guy TV Show
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

Contact Joe McCarrie
Call at 610-293-8311
Facebook
LinkedIn

 The "Insurance Guy" answers more of your questions about life insurance! We talk about the length of the plan, the cost to borrow, and how the death benefit works. Joe is discussing interest rates, what to look for in a policy, and much more! 

EP227: From Fixing Leaky Pipes to Raising Millions of Dollars - Interview with Abhi Golhar

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by ZipRecruiter. With ZipRecruiter, you can post your job to 100 plus job sites with just one click. Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates with immediate results. Visit ZipRecruiter.com/investing to post your job for free!

Something I’ve noticed about real estate investors is that most of us have failed in some way. But truly successful investors fail hard and fast, and don’t let their shortcomings stop them from reaching their goals.

Today’s guest, Abhi Golhar experienced tremendous failure early in his real estate career, but has since recovered and found success in the industry. On this episode of Investing in Real Estate, Abhi is sharing his journey into the world of real estate, including how he has reverse engineered his lifestyle. We’ll talk about failing gracefully, purchasing discounted properties, and his personal acquisition strategy!

More About This Show
Abhi Golhar is the host of Real Estate Deal Talk and a Managing Partner at Summit & Crowne, an Atlanta-based private equity real estate firm. Abhi uses a value-added approach in his single-family buy and hold investment strategy.

Although he’s built a successful real estate career, Abhi started investing in 2002 and things haven’t always been so rosy. He began investing in inner city Detroit when he was an engineering student.

Unlike many real estate investors who have a failure story, Abhi’s did not occur during the market crash. Right before then, his investments weren’t working for him. He lost money, sold his properties, and left Michigan.

What is extraordinary about Abhi is that he decided to use his failure as fuel to move forward. He thought of his experience as an investment in his future real estate business. He relocated to Lincoln, Nebraska, teamed up with a mentor, and learned how to knock on doors and face his fears.

Now, Abhi is a successful real estate investor in Atlanta. On today’s show, he’s sharing all the details of his personal strategy, including the 40/40/20 Rule We’ll talk about the merits of single-family homes, and the importance of determining which real estate niche is right for you. Abhi’s story is so inspiring; you won’t want to miss episode 227 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • What are the three businesses Abhi started in college?
  • How can you reframe failure in real estate investing?
  • What is the 40/40/20 Rule?
  • What is an institutional buyer?
  • And much more! 

Episode Resources
ZipRecruiter
Real Estate Deal Talk
Summit & Crowne
Rich Dad Poor Dad by Robert Kiyosaki
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

Contact Abhi Golhar
Website
Facebook
Twitter
LinkedIn

 Abhi Golhar experienced tremendous failure early in his real estate career, but has since recovered and found success in the industry. On this episode of Investing in Real Estate, Abhi is sharing his journey into the world of real estate, including how he has reverse engineered his lifestyle.

EP224: Getting to 17 Properties for Financial Freedom - Interview with Ember Pilati

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by Bombfell. Bombfell is an easier way for men to get better clothes. Visit bombfell.com/investing to receive $25 off of your first order of personalized clothing!

Reaching financial freedom is not some far-fetched goal. This is a real accomplishment that real people achieve every day by putting a plan into action. That’s why I love sharing the stories of investors who are making their dreams happen.

On this episode of Investing in Real Estate, we’re bringing you the story of Ember Pilati, a new investor who has acquired three properties in just a short period of time. We’ll discuss her route to financial freedom, including her acquisitions process and financing strategy. On today's show, we'll discuss the ins and outs of Ember's journey thus far! 

More About This Show
Ember is a mom of five who lives in Utah. She left behind her dance studio 11 years ago to become the CEO of her family. But now that her youngest child is approaching kindergarten, she started thinking about what she could do with her extra time.

She didn’t necessarily want a job, but she kept her eyes open for opportunities. Ember actually found our podcast when researching ways to pay off her primary mortgage faster. She kept listening to episode after episode, and became convinced that real estate was the avenue to financial freedom she had been looking for.

She calculated her Freedom Number, which is 17. After realizing that properties in Utah produced low ROI, she decided it was not in her best interest to invest close to home. Ember booked a call with our team, and worked with our portfolio manager Larry to obtain her first rental property.

In just a few short months since that initial purchase, Ember and her husband have picked up a total of three rental properties. They own two duplexes, and a single family home. Their goal is to acquire seven properties this year.

On today’s show, Ember is sharing how she and her family have financed their investments. You’ll hear how she involves her children in the process, and her experience using a HELOC. She’ll also flip the script and ask me a few questions about our process! Ember’s story is so inspiring, don’t miss episode 224 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • Which has a better tenant turnover rate: a duplex or a single-family home?
  • What are the three stages of real estate investing?
  • How many bedrooms are optimal in a duplex?
  • How do you calculate ROI?
  • How can you use spreadsheets to reach your goals?
  • And much more!

Episode Resources
Bombfell
EP046: How to Repay Your Primary Mortgage Using a Home Equity Line of Credit
How to Pay Off Your Mortgage in 5 Years by Clayton and Natali Morris
EP039: A Simple Way to Understand ROI
EP015: The Three Stages of Real Estate Investing
Profit First by Mike Michalowicz

Tax-Free Wealth by Tom Wheelwright
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

 This mom has acquired three properties in just a short period of time. We discuss her route to financial freedom, including her real estate investing process and financing strategy.

EP223: First Time Homebuyer vs. Buying Investment Properties

Book a call with our team: https://goo.gl/dezwHT

Deciding to purchase your first primary residence is a big step, but so is becoming a real estate investor. If you’ve got the cash and are ready to purchase a home, should it be your own living space, or a rental? On today’s show, Natali and I are sitting down to hash out this question!

This episode was inspired by a listener question. And although we aren’t financial advisors, we thought this was an interesting topic to discuss! On today’s show, you’ll hear us make arguments for both camps, and share the pros and cons of purchasing your primary residence. Don’t miss episode 223 of Investing in Real Estate!

More About This Show
A listener named Brandon recently wrote to us on Facebook with a podcast episode suggestion. He explained that his close friends and family members are reaching the stage in life in which it is appropriate to purchase a primary residence. Brandon wrote, “I’d like to hear your thoughts if it’s a good idea to become a first time home buyer or if you should become an investor instead.”

This is a really interesting question, and if you’ve seen my video on why owning the home you live in is a terrible investment, then you already know why from an investment standpoint, a primary residence is an unproductive use of money. But this issue is not that simple.

There are many reasons why an individual or family might want to own the home they live in. And as you’ve heard us say before, there’s not a one-size-fits-all approach when it comes to personal finances. Natali posits that maybe you don’t have to choose either/or, but instead prioritize which to do first.

On today’s show, we’ll discuss this topic in-depth! We’ll make an argument for both sides, and explain our personal approach. If you’re wondering whether you should purchase a primary residence or a rental property, this episode is for you!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • Can you claim depreciation on your primary residence?
  • Why is banking on appreciation a faulty strategy?
  • What is house hacking?
  • How often does a market crash occur?
  • And much more!

Episode Resources
Why Owning the Home You Live in Is a Terrible Investment
How to Pay Off Your Mortgage in 5 Years by Clayton and Natali Morris
Rich Dad Poor Dad by Robert Kiyosaki
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

 

 Deciding to purchase your first primary residence is a big step, but so is becoming a real estate investor. If you’ve got the cash and are ready to purchase a home, should it be your own living space, or a rental?

EP221: From Zero to 26 Properties in One Year - Interview with Jack Hoss and Josh Koth

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Book a call with our team: https://goo.gl/dezwHT

This episode of Investing in Real Estate is sponsored by ZipRecruiter. With ZipRecruiter, you can post your job to 100 plus job sites with just one click. Find out today why ZipRecruiter has been used by businesses of ALL sizes to find the most qualified job candidates with immediate results. Visit ZipRecruiter.com/investing to post your job for free!

One of our first-ever case study episodes highlighted the story of a new real estate investor who set a goal to replace his income from his photography business with passive income. Josh Koth’s story was already one of my favorites, but since that initial interview, he’s made incredible strides in his real estate career.

On this episode of Investing in Real Estate, Josh is back to share how he’s exponentially grown his real estate portfolio in just one year. He also brought along his business partner Jack Hoss! On today’s show, they’re sharing how their partnership works, their acquisition strategy, and so much more! 

More About This Show
When we last checked in with Josh, he was running his photography business and had a corporate IT job. At the time, his cubicle mate, Jack Hoss was watching Josh make his move into the world of passive income. And after watching Josh lose his job, Jack began realizing he wasn’t as secure as he had thought.

Jack and Josh are both in their mid-forties, and they began to think about taking their retirement more seriously. Because Jack had watched Josh begin to change his life through real estate, he knew he wanted to join him on his quest for financial freedom.

The duo now has 26 real estate investments under their belts. They own seven properties through Morris Invest, as well as ten local buy and hold properties. On today’s show, Jack and Josh are sharing their experience as a real estate investing partnership.

You’ll learn about the multiple ways they have financed their real estate deals, and their journey toward financial freedom. We’ll discuss seller financing, and the difference between long-distance and local investments. We’ll talk ROI, profits, and so much more! Don’t miss episode 221 of Investing in Real Estate!

 If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • What is the importance of working with a property management team?
  • How do Jack and Josh use their passive income to grow their portfolio?
  • What is the key to making a seller financed deal appealing to the seller?
  • What advice do Jack and Josh have for new investors?
  • What is the importance of attending local real estate meetings?
  • And much more!

Episode Resources
ZipRecruiter
EP035: How to Replace Active Income with Passive Income
REI Rookies Podcast
Clayton on the BiggerPockets Podcast
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

 On this episode of Investing in Real Estate, Josh is back to share how he’s exponentially grown his real estate portfolio in just one year. He also brought along his business partner Jack Hoss! On today’s show, they’re sharing how their partnership works, their acquisition strategy, and so much more! 

EP217: Learning to Invest with Life Insurance: Part 1

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Book a call with our team: https://goo.gl/dezwHT

We’ve had many guests here on the podcast who have educated us on the Infinite Banking Concept. This is a strategy that uses whole life insurance to create a banking system within your own finances. It’s an incredibly effective strategy, and can be used for purchasing cash flowing real estate.

But for whatever reason, it’s a strategy I have not yet utilized in our personal portfolio. On this episode of Investing in Real Estate, Natali and I are starting to get our feet wet in the world of investing with life insurance! We’ll give an overview of some of the questions we asked an expert, and how we plan to use this tool in our overall investing strategy. Don’t miss episode 217 of Investing in Real Estate! 

More About This Show
If you’re a longtime listener, you know that in our family we utilize multiple strategies in order to grow our real estate portfolio. We’ve talked about borrowing from 401ks, using HELOCs, private money, and more. However, using whole life insurance is something we haven’t yet experienced.

The Infinite Banking Concept uses whole life insurance to create a banking system within your personal finances. Doing so is stable and allows you to borrow money from yourself. Not to mention, any growth inside these vehicles is tax-free! Using this method allows you to multiply your money by using it over and over.

After I left my broadcasting career last month, we started looking deeper into this option. We believe that finances are not one-size-fits-all. In the past, we never felt like this strategy was for us. It almost felt like a distraction.

Now our lives are different. We’ve left behind 401ks and employer-sponsored insurance plans. Natali has taken the initiative to speak with an expert, M.C. Laubscher, about how using whole life insurance can fit into our personal finances and investing strategy.

On today’s show, we’ll talk about the value of having whole term life insurance to invest. We’ll share how we started down this rabbit hole, and how we plan to move forward using the Infinite Banking Concept. You’ll learn about our initial hesitations about this strategy, and more!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

On this episode you’ll learn:

  • How do you roll over a 401k as a non-taxable event?
  • How is term life insurance like leasing a car?
  • What percentage of whole life insurance policies are appropriately leveraged?
  • Does whole life insurance go on your credit? 
  • What is the difference between using whole term life insurance and a self-directed IRA?
  • And much more!

Episode Resources
EP122: How to Build Wealth Outside of Wall Street – Interview with M.C. Laubscher
EP212: Deep Diving the Infinite Banking Concept – Interview with Nate Scott and Holly Reed
Live Your Life Insurance by Kim D.H. Butler
Follow Me on Instagram
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

 We're getting our feet wet in the world of investing with life insurance! Here's an overview of some of the questions we asked an expert, and how we plan to use this tool in our overall investing strategy.