677: Q&A: How Do I Use Retirement Funds for Investing? - Episode 677

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.1 • 1.1K Ratings

🗓️ 12 October 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you've got a good start on self-directed retirement funds, but not quite enough to purchase a rental property outright, how can you get started? That's our first question for this Q&A Monday! On today's show, I'm taking three listener questions on various real estate topics.

First, we'll talk about using your retirement funds to invest when you don't have enough to buy an entire investment. I'm also answering questions on financing options for young and inexperienced investors, plus how to determine if the HELOC method is a fit for you. Tune into this episode of Investing in Real Estate to hear my answers!

Transcript

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0:00.0	Welcome in to the Investing in Real Estate Show. I am Clayton Morris. So glad to have you here.
0:10.3	This is the show where we make you a better real estate investor. You ask a question,
0:14.4	I get to answer them live right here on the show. You can ask a question just by going to our website
0:18.7	Morris Invest.com slash Clayton. Again that's Morris Invest.com slash Clayton. Leave, that's Morris Invest.com
0:22.7	slash Clayton. Leave like a 30 second voicemail. No need to go longer than that.
0:27.2	That way we can save time. We were going to get three different questions today
0:31.1	from you. I'm glad to answer those real estate related questions.
0:35.0	Let's start today with David with his question.
0:38.1	Hello, Clayton, my name is David.
0:39.8	I have about $42,000 in self-directed retirement funds wanting to invest in single-family properties.
0:47.2	With such a small amount, I don't know how that would be possible to even get started unless I can
0:54.8	until I can build up that account to a higher level. Any thoughts, any ideas? I know 40% down is required. What would you suggest?
1:07.0	Well, thanks, David. Actually, you're well ahead of the game.
1:10.0	Because if you work with our company at Morris Invest like our single family properties you can pretty much do
1:16.9	About 30,000 down will get you a single family new construction property. So you're already there.
1:25.4	And if you wanted additional funding to go a little bit further, you could do, look at different
1:29.0	options like on our website.
1:30.3	We've got a funding tab right at the top of our website if that's an interest that's an area of interest to you
1:36.7	Zero percent interest funding
1:38.8	But $42,000 is plenty for a down payment.
1:43.5	Again, save your money.
1:46.0	Let funding from financial sources that are with very low interest rates
	...

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