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Investing in Real Estate with Clayton Morris | Investing for Beginners

1053: Q&A: How Can I Find a Fairly Priced Property? - Episode 1053

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.41.1K Ratings

🗓️ 20 May 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

In a market with high prices, what's the best way to find a fairly-priced rental property? On this episode of Investing in Real Estate, I'm answering this question, and more from my voicemail inbox!

Today's featured questions cover topics like buying a property at a fair price, my thoughts on buying a second property, and what we do at Morris Invest. Click play to hear my answers to your great investing questions!

Transcript

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0:00.0

Today is our Q&A episode though and I would love to dive into some of our questions that we get from you.

0:11.0

You can always leave us a voicemail question right on our website

0:14.0

just go to morris invest dot com

0:17.0

there you can leave us a voicemail question

0:19.0

and I'll try to answer it here on the show.

0:21.0

We are also a full service rental company so feel free to book a call with

0:24.6

our team if you'd like. Okay let's take our first question today here on the

0:29.1

show. Hey client my question for you is I can't find a property that's priced well enough. I don't want to pay $400,000 for a property that's only more of 200,000 because of this price spike over the last two

0:46.0

year or a year and a half or so.

0:48.2

I live in Georgia trying to figure out how to do it.

0:50.6

I've got three realtors.

0:52.4

They keep giving me all these overpriced properties

0:55.1

trying to find a good outlet to invest any help would be greatly

1:02.2

appreciated thank you thank you okay Any help would be greatly appreciated. Thank you.

1:04.0

Thank you. Okay, so I was wondering if you were going to get to that point about investing.

1:08.0

So I was like, okay, are you talking about a place to live for yourself or are you talking about a place to invest in.

1:13.0

Let me just say this for the record here on the show,

1:15.5

as I've said it many, many times,

1:16.7

you should never, ever, ever, ever buy a property

1:21.3

for more than the appraised value of the property. Okay? Never ever, ever,

1:27.0

like the homes that we do at Morris Invest, the full service built from the

1:32.0

ground up new construction properties that we sell to our

...

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