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Investing in Real Estate with Clayton Morris | Investing for Beginners

1137: Q&A: How Can You Use Multiple Contracts on One Property? - Episode 1137

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.41.1K Ratings

🗓️ 10 March 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Is it possible to use multiple rental contracts in a single-family home? What are some factors to consider before you convert a home into a multifamily residence? That's the first question I'm answering on today's show!

On this episode of Investing in Real Estate, I'm taking three of your great questions on using multiple contracts, how to buy real estate in the US as an international investor, and ideas for utilizing home equity if you have a bad credit score.

Transcript

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0:00.0

Welcome, everybody to the Investing in Real Estate Show.

0:08.3

On this show, we answer your real estate and tax and economy-related questions, and we

0:13.5

tried to do it with a little bit of fun, a little bit of humor.

0:15.9

And you're able to ask us a question here that we answer on the show by going to our website.

0:19.9

Go to morrisinvest.com. That's

0:21.9

M-O-R-R-I-S-Invest.com. And there's a microphone icon on the right side of your screen. Click that

0:29.2

and you can leave us a 30-second voicemail question. Just a little background on me, if you're not

0:33.8

familiar. I'm a long-time real estate investor. I spent a lot of years working the

0:38.5

nine to five job. And while I was doing that, I was building up my financial education. This is

0:43.8

something you don't learn in high school. You don't learn how to be financially educated when you're,

0:47.6

when you're, you know, in the United States. They don't teach you that. So it's something I had to

0:51.0

learn on my own. I went massively into debt after college, made a lot of mistakes.

0:55.7

Realized, though, that, wait a minute, if I started to own properties, if I own cash flowing properties, that could offset the amount of money that it would take for me to live every month.

1:05.1

And that's how I discovered what I call our freedom number. What is the freedom number that it would take for you to live

1:10.9

financially free in your life? We have a free download. It's a totally free PDF called our financial

1:16.6

freedom cheat sheet. I encourage all of you to download it. We'll have a link in the description

1:20.5

below. Again, it's just a few pages, but it walks you through step by step to help you figure out

1:25.8

how many rental properties and what is the

1:28.0

monthly cash flow that you would need in order to cover all of your expenses. It's a really

1:32.6

powerful cheat sheet that I hope that you will take advantage of because you can put that number.

1:37.0

We have a lot of clients who work with us. They tell us, they'll put that number up on their

1:40.6

window in the bathroom mirror. They put it on their refrigerator, and then they

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