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Investing in Real Estate with Clayton Morris | Investing for Beginners

951: Q&A: Is Flipping Houses a Good Investing Strategy? - Episode 951

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 29 May 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

If you're thinking about getting started in the real estate industry, chances are you're considering a lot of options. One popular real estate strategy is flipping houses. Is flipping houses a good investment strategy? That's the first question I'm answering on today's Q&A episode!

On this episode of Investing in Real Estate, I'm answering three of your great questions about flipping, offsetting tax liability after a 401k withdrawal, and options for getting started investing with $25k. Click play to hear my answers to your questions!

Transcript

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0:00.0

Welcome everybody to the investing in real estate show. I'm Clayton Morris. I hope you

0:09.4

had a wonderful holiday weekend and into your holiday week.'s a truncated week but we are

0:14.6

still here trying to help you become a more intelligent real estate investor and

0:18.4

on this show we answer your question so you're able to go to our website which is Morris Invest.com.

0:24.0

Click on the microphone icon and leave us a voicemail question.

0:27.0

Anything related to real estate or taxes, anything that's got on your mind about creating financial freedom.

0:33.7

For a little background, for those of you

0:35.3

that might be new to the show,

0:37.0

I'm a long time real estate investor.

0:38.6

I was really frustrated a number of years ago

0:40.5

losing my job back in the day and having to answer to a boss and all of that

0:45.6

and said you know what there's got to be a better way and so I started to research

0:49.2

real estate investing as a way to build cash flow and net worth for my family and preserve my family's wealth,

0:55.4

but also make sure that I didn't have to answer to a boss.

0:58.0

So God forbid, you know, if I ever had a boss that said,

1:01.2

sorry, we're not renewing your contract or something.

1:03.4

Well, good, that's fine. I've got rental properties and that cash flow will provide for my family

1:08.5

to cover my mortgage and my groceries and my gas bills and all of that stuff.

1:12.8

So I don't need to work for somebody else.

1:16.1

That was really the impetus for me to protect my family

1:19.2

to become a real estate investor.

1:20.5

And so that's what I try to teach you here on the show. We also run a full service

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