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🗓️ 22 February 2024
⏱️ 9 minutes
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0:00.0 | Today on the show we're going to talk about the best ways to buy real estate in |
0:08.9 | 2024. The sky is the limit when it comes to ways to purchase real estate. Some investors like working with their local hometown banks, some private financing, others enjoy the benefits of buying real estate inside their retirement accounts through a self-directed account. |
0:23.0 | The beauty of this is there's no right way or wrong way to build wealth through real estate. |
0:27.5 | As long as you're taking consistent action towards your goals, it's going to pay off. |
0:31.5 | But if you're not sure where to start, the number of options can be a little |
0:34.7 | overwhelming when you're just getting started. So in this video, I'm going to share some of the best ways to buy real estate in |
0:39.7 | 2024. But before we get into it, I do want to make it clear that this is by no means a comprehensive list. |
0:46.0 | We're going to cover a few ways that our clients at Morris Invest, our company, are building out their portfolio |
0:52.0 | and they're doing it one step at a time |
0:53.6 | with one of their portfolio managers on our team and many of our clients of course our |
0:58.2 | goal is to work with them for many many years so we're going to show you sort of the |
1:01.4 | path the charting of this path and touch on some of the main benefits of buying real estate right now in this year in 2024 and into 2025. |
1:11.0 | So let's get into it. |
1:12.0 | Number one of the ways they're buying real estate, |
1:14.0 | one of the ways I love buying real estate is using conventional mortgages, |
1:18.0 | right? There's a reason why the 30-year mortgage has stood the test of time. |
1:22.0 | It's a great product, whether you're buying your primary |
1:24.2 | residence or a rental property. Think about it. You come up with a down payment and the bank finances |
1:29.7 | the rest of an appreciating asset. Nothing else exists like this. Over the past few years |
1:35.2 | we've seen rates go everywhere between 3 and 8 percent, and the conventional mortgage |
1:40.1 | has remained smart investing through it all. |
1:43.0 | That's one of the consistent things that our clients have done, |
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