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Investing in Real Estate with Clayton Morris | Investing for Beginners

867: Q&A: Should I Pay Off My Mortgage or Invest in Real Estate? - Episode 867

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 8 August 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Is it better to pay off your mortgage or invest in real estate? This is a common real estate investing question that stumps a lot of homeowners and investors. And on this Q&A episode, we're going to explore your options.

On today's show, I'm answering three listener questions on paying off your mortgage, turning a primary home into a rental property, and how to invest with no job. Join me for this episode of Investing in Real Estate to learn more about making financial decisions as it relates to investing!

Transcript

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0:00.0

Welcome into the real estate investing show. I'm Clayton Morris. So glad to have you here on this show. Our goal is to make you a more intelligent real estate investor.

0:13.4

And again, one of the ways that I believe we can become more intelligent is by

0:16.8

listening, listening to other people's questions. You know, if you're doing all

0:20.7

the talking, then guess what? You're not learning.

0:23.7

You're trying to foist your opinions on other people.

0:26.8

And I think listening to other people's questions, even if you think you know all of

0:30.6

the answers, can really be informative.

0:33.4

So that's what this show is all about.

0:34.7

We take your questions on these Q&A episodes. You can do that by going to our website, which is Morris Invest.com, M-O-R-R-I-S-V-T-C-E-T-E-T-E-E-S-T-E-S-T-E-T invest dot com, m o r r r i s invest dot com and there's a microphone icon on the lower

0:46.0

right hand part of your screen just click that and then record us a 30 second

0:50.0

voicemail question or so just for a little frame of reference, I'm a long time

0:55.1

real estate investor, founder of the company called Morris Invest, which is a

0:58.5

full-service rental real estate company, and I've seen all manner of markets and interest rates and conditions and ups and

1:06.7

I still believe real estate is the number one way to build and maintain wealth.

1:11.1

Nothing even comes close to it. So let's dive into it with our first question today. I believe this one comes to us from Caleb.

1:18.0

I'm Mr Morris. I've been watching him for quite a bit and I actually bought your book how to pay your mortgage off in five years.

1:25.0

I just wanted to know what would you suggest doing pay my mortgage off first. I just got it. It's about you know 430,000 and then I would do the

1:35.8

chunking method and then I go get rentals or do I get rentals and then pay it off

1:41.1

that way. Thank you.

1:43.0

Thank you so much, Caleb.

1:44.0

This is a very common question

1:46.0

because you're like,

...

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