1091: Q&A: How Do I Use My Home Equity to Buy Rental Properties? - Episode 1091

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.4 • 1.1K Ratings

🗓️ 30 September 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

What's the best way to transform a liability (like your primary residence) into performing assets? That's the first question I'm answering on this Q&A episode!

On this encore episode of Investing in Real Estate, I'm tackling three listener questions about using home equity to buy rental properties, the best states to live and invest, and how to decide whether a renovation project is better suited for flipping or renting. Press play to hear my answers to your burning real estate questions!

Transcript

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0:00.0	Welcome into the investing in real estate show. My name is Clayton Morris, the founder of
0:09.0	Morris Invest. We are a full service rental real estate company and the goal of this show look is to really
0:14.0	make you a more intelligent real estate investor and whether you're more advanced or just starting
0:19.5	I believe these questions that we get from our audience can help all of us.
0:23.7	There's always a piece from someone's question that can help us on our journey.
0:27.4	So today we have our Q&A episode.
0:29.3	We're going to answer your questions live here on the show.
0:31.7	It's very easy for you to leave a voicemail question of your own and
0:34.5	ask any real estate or finance related question and I will attempt to answer it. You can go to our
0:39.6	website Morris Invest.com slash Clayton. Again Morris Invest.com slash Clayton, where you can leave a voicemail message.
0:47.0	Try to keep it to about 30 seconds or less.
0:49.5	Okay, we've got three great questions lined up for us today, and I want to take the first one from
0:53.6	Mark and I should say I do not listen to these ahead of time. So you know if you ask me a
0:58.8	question I have to let the wheels spin for a second to get the answers but I do not
1:02.1	answer listen to these ahead of time so
1:04.1	Mark fire away. Hi Clayton my name is Mark from Florida my question is my wife and I
1:10.7	just bought a primary residence I know you don't like doing that but
1:14.3	we bought it for 160 and it's worth about 240,000 based on CMA's.
1:23.4	My question is, how do we go about accessing that equity
1:28.3	in order to purchase properties that can generate us income.
1:35.0	And when exactly can we begin doing that?
1:38.0	Because we just bought this home about a month ago.
	...

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