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Investing in Real Estate with Clayton Morris | Investing for Beginners

978: How to Grow Your Real Estate Portfolio in 2023 and Beyond - Episode 978

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

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

4.11.1K Ratings

🗓️ 31 August 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

I always like to say that getting the first property is the hardest, and I do think that’s true. When you’ve never done something before, the first step is usually the hardest. If you’ve got one or two properties under your belt, you probably feel pretty accomplished—as you should! But it's important to keep that momentum going, and use it to keep growing your portfolio.

On this episode of Investing in Real Estate, I’m going to walk you through some specific action steps you can take to make sure you’re continually growing your portfolio. You're going to hear six tangible things you can do to ensure you're on track for your goals this year and beyond. Click play to learn more about growing your rental portfolio!

Transcript

Click on a timestamp to play from that location

0:00.0

Let's talk about how to grow your rental portfolio in 2023.

0:09.2

I always like to say that getting the first property is the hardest.

0:12.3

That is the biggest hurdle to overcome and I do think that that is

0:15.9

absolutely true when you've never done something before the first step is

0:19.5

usually the hardest think about anything you try in life. You're going to have so many questions, right? And guess what? Here's the thing. You're never going to have all of the answers. You might get 80% of the answers and the rest of it requires some faith. The rest of it

0:33.8

frankly requires some bravado on your part, right? The rest of it

0:37.7

requires some kahonez right to step outside of your comfort zone and take action.

0:43.4

So if you've got one or two properties under your belt, you probably feel pretty accomplished

0:48.8

as you should.

0:49.8

It was a lot of work to get there.

0:51.6

But it's important to keep that momentum going and to use it to keep growing that portfolio over time.

0:57.0

In this video, I'm going to walk you through some specific action steps that you can take to make sure that you're continuing to grow your

1:04.4

portfolio. So let's dive into it guys. Number one, the first thing you want to do is

1:08.8

update your freedom number. You can download this off of our website. We give it away for you for free.

1:15.0

We'll have a link in the description below. Just go to Morris Invest.com slash freedom.

1:21.0

It's totally free and it's a PDF that could change your life.

1:24.0

It's like three pages long.

1:26.0

It'll teach you what your financial freedom number is in order to live financially free.

1:31.0

Especially if you haven't updated this worksheet in a while because life changes.

1:37.6

For a while, my number for financial freedom to provide for my family.

1:41.0

I lived in a very expensive state of New Jersey was $12,000 a month.

1:45.6

The property taxes, I had two kids at the time, right? I had a mortgage, I had all of those things.

...

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