680: 10 Ways to Fund Your Next Real Estate Deal - Episode 680
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 23 October 2020
⏱️ 21 minutes
🧾️ Download transcript
Summary
On this episode of Investing in Real Estate, I'm going to share ten different avenues you can pursue to purchase your next rental property. How you fund your properties will depend on many different factors: your goals, your finances, and where you are on your unique journey. I hope this episode inspires you to think creatively about your next performing asset!
Transcript
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| 0:00.0 | One of the most common questions I get is how can I fund my real estate. I want to become |
| 0:10.0 | an investor. I'm just not sure what to do where to go. |
| 0:13.0 | Well, there's no one-size-fits-all approach and whether or not you're a new real estate |
| 0:17.2 | investor or a seasoned investor, there is not one-size-fits-all. |
| 0:21.6 | Now, I've done multiple ways over the years. I've borrowed from my 401k, I've used my IRA, I've used |
| 0:27.2 | cash, I've used business credit cards. We're going to dive into all of the different ways that you can use in order to invest in real estate. |
| 0:34.6 | If you're new to the channel, welcome. My name is Clayton Morris. I'm the founder of Morris Invest, |
| 0:38.3 | which is a full-service real estate investing company. We build duplexes like this in mid-phase right here, new |
| 0:44.4 | construction. So if you are new, welcome and subscribe to the channel and |
| 0:48.2 | smash that like button as well. So we're gonna go through 10 different ways |
| 0:51.4 | today that you can fund your next real estate deal. |
| 0:54.5 | I'm sure that you'll be able to use one of these strategies to start investing in real estate or pull a few of them together and be creative. |
| 1:01.5 | Number one is cash. Obviously, this is the most obvious way of investing in real estate. |
| 1:05.8 | You have cash in the bank and you would like to convert that into a stream of cash. |
| 1:09.8 | Remember, if you have money sitting in the bank, |
| 1:13.2 | that money is losing value every day |
| 1:15.8 | because of inflation. |
| 1:17.5 | So if you have a Wells Fargo Savings Account |
| 1:19.8 | or a Bank of America Savings Account, one of those, you're earning probably 0.001 percent if you're lucky. |
| 1:26.6 | If you're lucky, right? |
| 1:28.4 | Inflation is about 2 percent, and it's going up. |
| 1:31.0 | If you've been paying attention to the Federal Reserve they plan to let |
... |
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