4.4 • 1.1K Ratings
🗓️ 18 January 2024
⏱️ 9 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
| 0:00.0 | Did you know there are some creative financing secrets for buying real estate that the big banks won't even tell you about? |
| 0:11.0 | That's right, too many people think inside the box |
| 0:14.0 | when it comes to buying real estate. |
| 0:15.6 | If you've ever gotten a no from a lender, |
| 0:18.3 | that is not your destiny. |
| 0:19.9 | It doesn't define your personal worth |
| 0:22.2 | and it doesn't mean you should just give up altogether. |
| 0:25.0 | Sometimes you might have to exhaust multiple options before you can find a way to invest. |
| 0:30.0 | If buying real estate is something you truly want to do, then the old adage applies, where there's a will, there's a way. |
| 0:35.0 | I had a 500 and something credit score when I started investing in real estate, and I was told no, I couldn't get financing, so I had to come up with more creative ways to invest. |
| 0:44.3 | You know at our company at Morris Invest our team of portfolio managers are experts at |
| 0:49.8 | helping investors reach their financial goals. One thing we really have a knack for is helping people uncover hidden sources of funding for their down payment. |
| 0:58.0 | There are truly so many ways to get started, and if you have a tenacity, a willingness, and the ability to be |
| 1:04.0 | creative, then there's nothing that can stop you. So in this video I'm going to |
| 1:08.0 | share creative financing secrets for buying real estate. So let's start here. Let's talk about taking a 401k loan, number one on my list. |
| 1:17.0 | Did you know that you can borrow funds from your 401k plan? |
| 1:21.0 | Now this is different than withdrawing because immediately when people hear that they're like no |
| 1:25.9 | no no don't do that why would you take money out of your 401k no no you're not withdrawing |
| 1:31.2 | it you're borrowing from it. It's totally different. |
| 1:34.8 | And when you withdraw, of course it comes with huge tax problems and penalties, you don't want to do that. |
| 1:41.2 | Nearly every provider offers the option though to take a loan from your |
| 1:45.8 | plan. And it's often as simple and as fast as a few clicks of a button. A 401k loan can be a powerful |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Clayton Morris, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Clayton Morris and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.