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Investing in Real Estate with Clayton Morris | Investing for Beginners

831: Q&A: Should I Tap Into My Equity or Sell My Properties? - Episode 831

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 4 April 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Today's first caller owns a few paid off rental properties. Should he pull the equity out to grow his portfolio, or would he be better off selling them and buying in a better market? That's the first question I'm answering on this Q&A episode!

This episode of Investing in Real Estate features three great listener questions on strategic portfolio growth, turning a property into an Airbnb, and how much it takes to invest. Click play to hear my answers to your questions on this episode!

Transcript

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0:00.0

Welcome into the investing in real estate show. I'm Clayton Morris, longtime real estate

0:09.4

investor and the founder of Morris Invest, which is a full-service rental real estate company.

0:15.0

For more information, come on over to our website at morris invest.com.

0:20.0

And you can also click on the little microphone icon when you're there in the lower right hand side of your screen because you can leave us a voice

0:26.2

A voicemail question that we will answer live here on the show and today is our feedback episode our

0:31.0

Q&A episodes where we are answering your questions about real estate,

0:35.4

about financial freedom, anything that's on your mind as it relates to personal finance.

0:40.4

So without further ado, let's dive into it. Our first question today comes to us from Don Don. Take it away

0:46.9

Hi claysing it's Don Elliot. I was calling to get some more information about using the Burr method.

0:53.4

You know, I have a few homes that we have talked about and

0:58.8

most of these homes are paid in full and I wanted to know with your help of course and your teachings.

1:05.7

I was wondering, said I pull the equity out of these homes and refinance them to build my portfolio?

1:15.0

Or should I sell some of these homes

1:17.3

to move out of the area and buy in better areas?

1:22.4

I know it's generational income but some of these homes are, you know,

1:27.2

they're older and if I sell them I can buy maybe a little bit better area and not as much maintenance.

1:35.1

Anyway, look forward to your advice. Thank you so much.

1:39.6

Thank you so much Don. Don is great. He's one of our longtime listeners here client fantastic

1:45.9

gentlemen. So Don thank you for the question

1:49.3

It's always nice to hear a familiar familiar voice

1:56.8

So thank you for that. So Don, great question. So a couple of things to unpack here. The answer is yes. Yes, you always want to be looking at your portfolio and deciding whether or not you should sell.

2:04.3

Okay? Yes. And the answer is yes. Also, should I refinance, pull out some money out of this, these

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