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Investing in Real Estate with Clayton Morris | Investing for Beginners

1052: 6 Smart Ways to Acquire Rental Properties in 2024 - Episode 1052

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 16 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

If you’re wondering how to fund your next rental property purchase, I know it can be intimidating, especially if you don’t have a big chunk of cash sitting in your bank account. But the beauty of investing in real estate is that there are a multitude of ways to create and grow your portfolio.

So in this video, I’m going to share some strategies you can use to acquire your next rental property. These are some of the smartest methods you can use in 2024 to build your net worth, reduce your taxes, and reach your financial goals.

Transcript

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0:00.0

Passionate about audio, we believe people from all backgrounds should have an equal chance

0:06.7

building a career in the audio industry. The Multitrite Fellowship is your gateway to a career in audio production.

0:14.8

Applications for 2024 open in May.

0:19.0

For more details, go to Multitract. UK. Together, let's shape the future of audio. Multitract. If you're wondering how to fund your next rental property purchase, I know it can be terribly

0:39.6

intimidating, especially if you don't have a big chunk of cash sitting in your bank account.

0:43.0

But the beauty of investing in real estate is that there are a multitude of ways to create and grow your portfolio.

0:49.0

So in this video, I'm going to share some strategies that you can use to acquire your next rental property. These are some of the smartest methods that you can use in

0:56.4

2024 to build your net worth, reduce your taxes, and reach your financial goals.

1:03.0

So let's get into it.

1:05.0

Number one, a conventional mortgage.

1:07.0

Now, using the bank's money to buy real estate is one of the smartest strategies you can use to buy rental

1:11.6

properties.

1:12.6

As a side effect of the Fed's rate hikes in 2023, many banks had to tighten their lending

1:16.9

standards, but rates are beginning to trend downward.

1:19.8

So if you're able to qualify for a mortgage, it's a great time to buy property before home prices shoot up in

1:25.4

2024.

1:26.4

Here's what's great about using a conventional mortgage to buy rental properties.

1:30.7

All you need to do is come up with the down payment and the bank finances your asset.

1:35.2

I know there's a lot of debate out there about rates but look smart investors know

1:39.2

that as long as your returns are higher than your interest rate you're making a good deal and you can always refinance later.

1:46.5

You've used the bank's money to acquire an asset?

1:49.7

You can't do that with gold.

...

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