747: Q&A: How Can I Pay Off My Rental Properties? - Episode 747
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 14 June 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
This Q&A episode of Investing in Real Estate covers topics like paying down your rental properties quickly, how much a down payment is when you invest with Morris Invest, and the details of transferring an asset into an LLC. Press play to hear my answers to your real estate questions!
Transcript
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| 0:00.0 | Hi everyone this is James Harkin and Anna Tashinsky two writers of the TV show |
| 0:05.2 | QI and two-fourths of the hit podcast no such thing as a fish. |
| 0:09.2 | We'd like to let you know that we've written a book it It is called everything to play for. The most |
| 0:14.4 | interesting things there are to know about the world of sports. It's for you |
| 0:18.2 | whether you like sports or not. Did you know that legendary cricketer Gary Sobers scored his final century while drunk? |
| 0:25.7 | Or that games of lacrosse used to involve 100,000 players. |
| 0:31.7 | Learn that and so much more by getting everything to play for, the QI Book of Sports, available |
| 0:36.2 | in all bookshops and online right now. Welcome to the real estate investing show. I'm Clayton Morris. Thank you so much for joining us. This is a show where we aim to help you become a more intelligent real estate investor and I believe real estate |
| 0:53.1 | investing is the number one way to preserve your family's wealth against this |
| 0:57.2 | inflationary period that we're heading into it's also way better than US |
| 1:01.0 | dollars in cash you know you're're losing money every month if your money is in US capital and cash. |
| 1:07.1 | And it's an amazing tax shelter and an amazing cash flow vehicle for you to build wealth. And can you name any other asset that you can |
| 1:14.8 | put 20% down and somebody else is going to foot the bill for 80% try doing that with |
| 1:19.5 | stocks or gold it's not going to happen so real estate is the number one way to build wealth. |
| 1:24.3 | And on this show, we have questions. And you get to answer your, I'm trying that again. |
| 1:29.7 | You get to ask questions and I get to answer those questions by going to our website go |
| 1:34.4 | to Morris Invest.com slash Clayton you can leave us a 30 second voicemail question |
| 1:38.5 | anything finance related real estate taxes gold silver I don't care what it is. We will tackle it here on the show. |
| 1:44.9 | Our first question today comes to us from Leroy. Leroy, take it away. |
| 1:48.6 | Hi, Clayton. Thanks for taking my call. I'm trying to understand the concept of leveraging tenants to pay down the mortgages in my rental properties. |
| 1:56.0 | If I have 30 or fixed mortgages on my properties, can I pay them down with my cash and the rent for my tenants to maximize my cash flow or do I really have to wait 30 years to get to my freedom number. |
| 2:07.0 | Thanks. |
... |
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