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Investing in Real Estate with Clayton Morris | Investing for Beginners

1141: Q&A: How Can I Buy My First Rental Property? - Episode 1141

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.41.1K Ratings

🗓️ 24 March 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

Today's first caller has a decent chunk of home equity available and a decent credit score. He's interested in buying his first rental property close to home. What's my advice for this scenario?

On this encore Q&A edition of Investing in Real Estate, I'm taking three of your questions on buying rental properties in your own backyard, finding lenders for new construction investments, and calculating ROI.q

Transcript

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0:00.0

Welcome, everybody to the investing in real estate show. I'm Clayton Morris. On this show, we take your questions, and I try to answer them here. We answer any sort of real estate related, tax related questions, the best of our ability. Again, we're not financial advisor, so we can't tell you what to do with your money, but we can

0:21.6

certainly tell you our experience and the things that we've done in the past with our money,

0:25.5

and you make your own informed decisions on that. So today we've got three great questions from

0:29.7

our viewers. We're going to dive into those questions in a moment. But first, if you are new to the

0:34.5

show, then please consider subscribing. Our goal here is really

0:38.7

just financial education. We want to empower you to make really strong financial decisions

0:43.4

in your life. And these are things we were not taught in school growing up. We were not taught

0:48.3

how to build wealth. We were simply taught to work for somebody else, collect a paycheck.

0:53.5

We weren't even taught really how to

0:55.0

balance a checkbook. So financial education is really lacking, and it really is incumbent upon you to

1:01.4

seek out the materials, the books, the podcasts, the episodes, really follow one course of action

1:07.6

to completion because there's going to be so many different things you can do. You can say,

1:14.9

you know what, I want to invest in multifamily properties and mobile homes and raw land and storage units. And I personally, you know, invest in single family homes. That's been my

1:22.5

and duplexes. That's been my, been what we've done for our whole, our whole investing journey. And that's what we've

1:28.4

stuck to. So just follow one course of action that speaks to you and, you know, become a real

1:34.5

estate investor. That's the best way to go about it right now. As we look at what's happening with

1:38.6

this economy, what we see happening with the debt bubble in the United States, what's happening

1:43.4

around the world with the energy crisis, hard assets in these next few years are going to be incredibly important.

1:49.1

Real estate, gold, silver, hard, hard assets.

1:52.3

So thank you guys for taking some time out of your Monday here right before Halloween to join us on this show.

1:59.2

Let's dive into it.

2:00.1

Our first question today comes to us from Gary.

...

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