How to Calculate Closing Costs - Episode 409

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Recently on the show, we discussed the basic fundamentals of closing costs. As you now know, closing costs can vary based on many factors, including location, debt service, and other variables. However, it’s important to know what you’re getting into before you close on your rental property. 

On today’s show, Natali and I are walking you through how to calculate closing costs on the purchase of a rental property. You’ll learn about the types of expenses that are negotiable, what to budget for, and why understanding closing costs are so important.

On this episode you’ll learn:

  • The national average of closing costs (in a percentage).

  • What we tend to pay in closing costs on a smart rental property.

  • How points work.

  • Whether or not closing costs are a taxable deduction.

  • How transfer tax works.

  • The importance of a thorough title search.

  • Why you should shop around if you’re working with a lender.

  • The importance of having a strong relationship with a title company.

  • And much more!

Episode Resources
What Are Closing Costs? - Episode 403
Getting the Money by Susan Lassiter-Lyons
The Power of Private Money - Interview with Susan Lassiter-Lyons
What Is a Transfer Tax- Episode 388
How to Take Title on an Investment Property - Episode 295
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

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.

Should You Buy Real Estate in 2019? - Episode 408

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Book a call with our team: https://goo.gl/qr6iat 

Today’s episode is sponsored by Fin! Fin does everything a great assistant can without the cost and commitment of a full-time hire. Try Fin for FREE by visiting our special link—http://fin.com/investing.

One of the most common questions we hear is, “Is now a good time to buy real estate?” Especially as we head into the new year and you set your resolutions, it’s important that you consider whether or not it’s a favorable time to buy.

On this episode of Investing in Real Estate, we’re diving into this complex question of whether or not you should invest in 2019. I’m sharing data from a recent study, my plans for investing in 2019, and much more about the future of the real estate market.

On this episode you’ll learn:

  • The difference between tangible and intangible assets.

  • The risks of investing in a REIT.

  • How real estate investment trust works.

  • What the data says about NOI growth.

  • How real estate works as a hedge against inflation.

  • Why real estate value can never totally decline.

  • And much more!

Episode Resources
Fin
Are We Becoming a Rental Nation?
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

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.

Leverage for Rental Properties with David Orloff - Episode 407

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Book a call with our team: https://goo.gl/qr6iat

This episode of Investing in Real Estate is sponsored by Robinhood! Robinhood is an investing app that lets you buy and sell stocks, ETFS, options, and cryptos—all commission-free. Robinhood is giving our listeners a FREE stock like Apple, Ford, or Sprint to help build your portfolio! Sign up at http://investing.robinhood.com

Today’s show is also sponsored by Blue Chew! Blue Chew brings you the first chewable with the same FDA-approved active ingredients as Viagra and Cialis so you know it’s the real deal and it’s the stuff that works! Visit BlueChew.com and get your first shipment FREE when use our special promo code INVESTING—just pay $5 shipping.

When it comes to lending for real estate investing, a lot has changed in recent years. We’ve seen huge changes in legislation after the 2008 housing crash, and this year interest rates increased on a consistent basis.

Today’s guest, David Orloff, is the CFO at American Heritage Lending. He’s here to share his insights into lending to real estate investors. We’re talking about refinancing, interest rates, leveraging, and so much more. David has so much wisdom to share; you won’t want to miss this episode of Investing in Real Estate!

On this episode you’ll learn:

  • Whether we’re in a buyer or seller’s market.

  • Why interest rate increases have the biggest effects on the refinance industry.

  • What David looks for when financing an asset.

  • The importance of leverage.

  • What is necessary to qualify for a loan.

  • And much more!

Episode Resources
Robinhood
Blue Chew
How to Pay Off Your Mortgage in 5 Years by Clayton & Natali Morris
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

Contact David Orloff
Website
LinkedIn

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.

End of Year Tax Planning - Episode 406

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Book a call with our team: https://goo.gl/qr6iat

Today’s episode of Investing in Real Estate is sponsored by SimpliSafe! SimpliSafe believes nothing should ever come between you and protecting your home. Get a jump on protecting your home today at http://simplisafe.com/investing.

Today’s episode is also sponsored by Abby Connect. A full-time assistant costs a lot of money, but Abby Connect provides you with a world-class, professional and courteous team of receptionists specifically trained on your business. Abby Connect is offering Investing in Real Estate listeners a no-obligation FREE trial. And after your trial is over, our listeners will also receive $95 off their first bill--but only when you sign up at our special link: abbyconnect.com/investing.

As we approach the new year, it's important to be looking ahead to tax season. You probably already know that there are enormous tax benefits in owning residential real estate. But smart investors know that in order to maximize your tax benefits, you need to be strategic year-round, and not just at tax time.

On this episode of Investing in Real Estate, Natali and I are sharing three strategies you can implement NOW in order to save on taxes. You'll learn about depreciation, cost segregation, estimating your income, and much more!

On this episode you’ll learn:

  • Why real estate is a tax-friendly investment.

  • How cost segregation works.

  • The importance of estimating your rental income.

  • Why tax planning should be a constant pursuit.

  • The types of purchases you should consider before the end of the year.

  • And much more!

Episode Resources
SimpliSafe
Abby Connect
What You Need to Know About the New Tax Law with Tom Wheelwright - Episode 302
Understanding Cost Segregation with David Brizel - Episode 341
WealthAbility
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

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.

Rough Week for Fake Real Estate Investor - Episode 405

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Book a call with our team: https://goo.gl/qr6iat

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

As always, we do our best to keep an eye on the economy, the real estate market, and the implications for real estate investors. This past week, real estate investment trusts declined by 3%. On this episode of Investing in Real Estate, we’re diving into the news, and sharing what it means.

You’ll learn about REITs, how they work, and how they differ from traditional real estate investments. We’ll talk about stock-based investments, new construction real estate, and so much more!

On this episode you’ll learn:

  • What an REIT is.

  • The types of projects REITS are invested in.

  • The differences between REITS and rental properties.

  • What Tom Wheelwright thinks of REITS.

  • And much more!

Episode Resources
Fund&Grow
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

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.

Crowdfunding Real Estate with Mark Roderick - Episode 404

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Book a call with our team: https://goo.gl/qr6iat

Today's episode of Investing in Real Estate is sponsored by Purple. Purple is a leading comfort tech company that uses cutting-edge science to create the world’s most comfortable sleep and sit products. Right now, our listeners will get a FREE sheet set and mattress cover with any mattress purchase. Get yours at Purple.com/INVESTING. 

Today’s episode is also sponsored by Fin! Fin does everything a great assistant can without the cost and commitment of a full-time hire. Try Fin for FREE by visiting our special link—http://fin.com/investing.

Often in real estate investing, the million dollar question is, “where do I find capital?” And unless you’ve been in the game for a long time, you might not know that the internet actually revolutionized the capital formation industry.

Crowdfunding real estate is a simple concept, but one that has a lot of legal stipulations. Today’s guest, Mark Roderick, is a crowdfunding attorney who is here to share his expertise! On this episode of Investing in Real Estate, you’ll learn about the history of crowdfunding, how it works, and so much more!

On this episode you’ll learn:

  • The law that changed the crowdfunding industry.

  • What crowdfunding is.

  • The difference between private and public offerings.

  • How the internet has disrupted the crowdfunding industry.

  • Why crowdfunding is a marketing business.

  • The three different titles within the JOBS Act.

  • Two sites you can use for crowdfunding.

  • And much more!

Episode Resources
Purple
Fin
RealCrowd
CrowdStreet
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

Contact Mark
Website
Twitter
LinkedIn

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.

What Are Closing Costs? - Episode 403

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Book a call with our team: https://goo.gl/qr6iat

Today’s episode of Investing in Real Estate is sponsored by SCOTTeVEST. SCOTTeVEST is a clothing company that revolutionized the clothing industry with a very simple idea: people need better, smarter pockets! Learn more at http://morrisinvest.com/vest.

Whether you’re buying your first or 100th rental property, you’ll need to consider the expense of closing costs. On today’s show, we’re getting back to basics to talk about the fundamentals of closing costs!

You’ll learn about how closing costs can differ based on location, loans, and other variables. We’ll discuss what to expect, what can be negotiated, and much more! Please join us for episode 403 of Investing in Real Estate!

On this episode you’ll learn:

  • How investing closing costs can differ from retail closing costs.

  • What expenses go into closing costs.

  • The definition of initiation fee.

  • What a wet signature is.

  • How to get a free notary service.

  • What PMI tax is.

  • The importance of the Truth in Lending Act.

  • And much more!

Episode Resources
SCOTTeVEST
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

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.