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Investing in Real Estate with Clayton Morris | Investing for Beginners

857: Q&A: How Does a HELOC Affect My Credit? - Episode 857

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 July 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

Does taking out a HELOC impact your credit score? What are some things to consider about your overall financial snapshot before you decide to utilize a HELOC for investing? That's the first question I'm answering on today's show!

Today's three callers sent in great questions about the financial implications of using a HELOC, the best ways to research a rental market, and how to decide how to use your funds on investing. I believe that we can learn from other people's questions, and I hope this Q&A is useful for your personal investing journey. Please join me for this episode of Investing in Real Estate!

Transcript

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0:00.0

Welcome into the investing in real estate show. I'm Clayton Morris. So glad to have you here.

0:10.0

I am a long time real estate investor, founder of the company called Morris Invest, which is a full-service

0:15.3

rental real estate company. I saw a need in the market a number of years ago where people are trying to buy real estate in their

0:21.3

own backyard with ridiculously inflated prices and the

0:24.8

ROI didn't make sense.

0:26.7

When it really makes sense is to invest out of state in the best rental markets in the country.

0:30.9

So that's what our team does. We build new construction

0:33.6

properties from the ground up. We work with property management teams to

0:36.8

place great tenants in those properties. And our team is fantastic in

0:40.4

creating long-term passive income for our clients.

0:43.6

So that's what we do.

0:44.5

And you know, I have to say it's a really troubling time right now today,

0:47.8

you know, July 4th, it's Independence Day

0:49.7

in the United States of America,

0:51.1

if you're in the USA.

0:52.8

And we're hearing from these global elites.

0:55.4

I want to bring this up before we get into today's

0:57.3

Q&As, because the World Economic Forum,

1:00.6

those billionaires that meet at Davos every year, they have laid out their plan,

1:05.8

which is by the year 2030 and beyond, they don't want you to own property,

1:10.7

right? They want to consolidate power. That's what they've said. It's

1:13.8

written down in their meeting notes, okay? This is what they've been meeting about.

...

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