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Investing in Real Estate with Clayton Morris | Investing for Beginners

869: Q&A: Should I Use a Virtual Mailbox for My Real Estate Business? - Episode 869

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 15 August 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

If you have rental properties across the United States, is it a good idea to set up a virtual mailbox? Will doing so protect your anonymity, or present any risks? That's the first question I'm answering on this Q&A episode of Investing in Real Estate!

This episode features three great listener questions on virtual mailboxes, selling a rental property, and introductory interest rates on HELOCs. Press play to hear my answers to your real estate investing questions!

Transcript

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0:00.0

Welcome to the Investing in Real Estate Show. I'm Clayton Morris. So glad to have you here.

0:09.6

This is our Q&A episodes where we take random questions from random listeners about real estate or financing

0:16.8

or passive income or taxes, whatever's on your mind.

0:19.6

Our goal with this show is to make you a more intelligent real estate investor which I believe

0:23.2

is the number one way to build wealth especially as a hedge against inflation way better than the stock

0:29.3

market you cannot get the tax benefits that you get from owning real estate and building passive income.

0:35.2

Can you buy stocks using other people's money? I mean I guess you could buy on margin,

0:40.9

but then what happens when those stocks plummet like they have you get margin called anyway. I love real estate and I think there's nothing better in the world to create and preserve your wealth.

0:50.0

So without further ado, let's take today's Q&A episode.

0:54.0

Our first one comes to us from Phil.

0:56.0

Hi, Clayton. My name is Phil. I'm an investor in single family homes.

1:00.0

I've bought two properties through you guys, which have been great,

1:03.1

and I also have two other ones in different states

1:06.1

outside of Texas.

1:07.6

In setting up my legal team, my CPA,

1:10.3

and working with you guys, I've really tried to streamline everything and I do travel around the country as a traveling physical therapist and I was

1:21.2

Told to get a virtual mailbox by my legal team and that way it would be more for anonymity so it's not tied to my primary residence, the address when they send me mail from my different properties to the LLC.

1:35.8

And I was just wondering your advice on that if you had any experience with virtual mailboxes.

1:40.4

I know other people are actually opening up the mail so there's some risk there I guess

1:45.0

and also if there are any good companies if you and if you do use one just just what your advice overall is.

1:54.0

I'm looking into getting one.

1:55.4

Just want to see if they're worth it.

...

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