855: Q&A: Use Cash to Invest or Pay Off Mortgage? - Episode 855

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

🗓️ 27 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you use funds to invest in real estate? Or is a better financial move to pay off your mortgage, instead? This is a nuanced and personal decision, but I'm attempting to answer on this Q&A episode.

On today's show, I'm answering questions from my voicemail. Today's callers have questions about deploying funds, non-recourse loans, and turning a townhouse into a rental property. Click play to hear my answers to your questions on this episode of Investing in Real Estate!

Transcript

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0:00.0	Welcome to the real estate investing show. I'm Clayton Morris
0:08.5	Longtime real estate investor and founder of the full service
0:11.4	rental real estate company called Morris Invest.
0:13.9	If you would like to leave us a voicemail question that we can answer right here on the show,
0:18.0	it's very simple to do. Just go to our website Morris Invest.com
0:21.5	click on the microphone icon,
0:23.2	and we will attempt to answer your question here on the show.
0:25.5	Now, what we do on this show is try to make you
0:28.1	a more educated real estate investor.
0:29.9	And again, I believe one of the best ways
0:31.6	that we can learn is by listening to other people's questions, right?
0:35.2	The old saying, if you're talking, that means you're not listening.
0:38.5	And then therefore, you're probably not learning also.
0:41.5	So let's listen to what our viewers have to say and any questions they have
0:44.7	about real estate investing, financial freedom, passive income, taxes. That's what we do on these
0:49.5	Q&A episodes. So our first question today comes to us from Blake.
0:53.7	Hi, Clayton. My wife and I recently moved out of the Pacific Northwest and into Oklahoma
0:59.1	City area. We sold a house. My wife's a real estate agent. She's a real estate agent down here now as well.
1:07.0	The house we sold in Washington, we ended up with a bunch of cash.
1:11.0	We put minimum down payment on our dream home here and kept about $380,000 in cash.
1:19.9	Our plan is to start buying up investment real estate around here.
1:24.3	Looks like single family homes.
	...

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