4.4 • 1.1K Ratings
🗓️ 19 May 2025
⏱️ 17 minutes
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0:00.0 | Welcome back, everyone, to the Investing in Real Estate Show. I'm Clayton Morris, founder of Morris Invest, which is a full-service rental real estate company. You can find more at our website. Go to morrisinvest.com. Today, we are taking your question. This is our Q&A episode where you are able to leave us a voicemail question |
0:20.8 | right there on our website and we try to answer it here on the show. There's a microphone icon |
0:25.2 | on the right side of your screen when you go to MorrisInvest.com. Just click on that and leave us a |
0:30.2 | question. Anyway, all right, let's get into your questions today. We've got some really good questions |
0:34.0 | and I want to get right into them here. Let's start with our first one. |
0:38.8 | Hello, Mr. Morris. I'm here in California and I have a little dilemma here. I have bought |
0:44.9 | into the duplex with my VA loan. My daughter, wife and I are currently living in one of the |
0:52.0 | units, one bed, one bath while we rent out |
0:55.8 | our two-bed, two-bath unit. And it's not fully getting cash flow yet, not until we rent out |
1:03.6 | our unit. But my dilemma is my equity home loan was a rough estimate of 42,000. |
1:13.0 | And I'm debating either to either use that on my debt of 27,000 or purchase a single family home for my family or use the family may program and purchase a second multi-family home. |
1:31.9 | I appreciate your advice. Thank you. |
1:33.9 | All right. |
1:34.3 | Well, thank you. |
1:34.8 | First of all, thank you for your service to our country. |
1:37.0 | And the VA loan is a powerful, powerful tool for veterans and those serving who can build wealth. |
1:44.5 | I mean, you can build wealth using this mechanism, right, a 0% loan, 0% down. |
1:50.6 | I mean, it's like, it's amazing, right, this loan. |
1:53.7 | So you've done the best possible thing here, which I've talked about on this show for many, |
1:58.3 | many years. |
1:59.4 | If you're a veteran and you can get a VA loan, you know, why would you buy a single family? |
2:05.2 | Right. |
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