1056: Your 401k Is Doomed: 5 Reasons Why - Episode 1056
The 401k has had its heyday, and it is never coming back. Many people think of the 401k as the ultimate retirement plan in the US, but the truth is, it’s not a reliable source for retiring in this day and age. On today’s show, you’re going to hear five main reasons why the 401k is doomed. Click play to learn more about your 401k on this episode of Investing in Real Estate!
7m May 30, 2024
7m
1055: Q&A: What State Should My LLC Be In? - Episode 1055
Here's an age old question for real estate investors: how do you choose a state to setup an LLC in? I'm not a lawyer, but I'm sharing my experience and some resources on today's show! This Q&A episode of Investing in Real Estate features three of your great questions on setting up LLCs, finding a tax accountant who understands real estate investing, and why timing the market can't help you rea...
16m May 27, 2024
16m
1054: How to Replace Your Income with Performing Assets - Episode 1054
On this show, I love to share about the power of performing assets like real estate. Building streams of income with performing assets is a far more sustainable way to create wealth than trading hours for dollars. So if you want to work toward replacing your salary with performing assets like rental properties, this episode is for you. And listen, this isn’t just some pie in the sky idea. I’m ...
6m May 23, 2024
6m
1053: Q&A: How Can I Find a Fairly Priced Property? - Episode 1053
In a market with high prices, what's the best way to find a fairly-priced rental property? On this episode of Investing in Real Estate, I'm answering this question, and more from my voicemail inbox! Today's featured questions cover topics like buying a property at a fair price, my thoughts on buying a second property, and what we do at Morris Invest. Click play to hear my answers to your great...
18m May 20, 2024
18m
1052: 6 Smart Ways to Acquire Rental Properties in 2024 - Episode 1052
If you’re wondering how to fund your next rental property purchase, I know it can be intimidating, especially if you don’t have a big chunk of cash sitting in your bank account. But the beauty of investing in real estate is that there are a multitude of ways to create and grow your portfolio. So in this video, I’m going to share some strategies you can use to acquire your next rental property....
8m May 16, 2024
8m
1051: Q&A: Are Rentals Better Than Mutual Funds? - Episode 1051
If you had $200,000 to invest, would it be a better choice to buy rental properties or mutual funds? On this Q&A episode, we're going to compare these two scenarios to determine which would be a better long-term investment. I'll also be answering questions on financing with a self-directed IRA, how to prepare to invest in real estate, and how to determine rental rates. I hope this Q&A empowers...
17m May 15, 2024
17m
1050: 5 Ways Rental Properties Can Change Your Life - Episode 1050
Real estate investing is the #1 way to build wealth, and on today's show, you’re going to learn five powerful ways that buying rental properties can change your life. I always like to say that investing in real estate is not a get-rich-quick scheme, so please keep in mind as you learn about these benefits, some of them are long-term. If you’re someone who can set a goal, stick to it, and wait ...
5m May 09, 2024
5m
1049: Q&A: What's the Best Way to Get Started in Real Estate? - Episode 1049
Today's first caller wants to diversify his investment portfolio. What's the best way to get started buying rental properties? On this Q&A episode of Investing in Real Estate, I'm answering this question -- and more! Today's show features three of your great questions on getting started investing in real estate, the rules of a 1031 exchange, and my personal experience dealing with bad tenants....
19m May 06, 2024
19m
1048: The One Principle You Need to Know to Succeed in Real Estate - Episode 1048
There’s a lot of advice and opinions out there on how to succeed in real estate investing… some good, and some bad. If you want to be successful, there’s really one principle that stands out to me as universal. It’s called The Three Stages of Real Estate Investing. This comes from Gary Keller’s book, The Millionaire Real Estate Investor. The Millionaire Real Estate Investor is one of my favori...
7m May 02, 2024
7m
1047: Q&A: How Are Distributions Taxed on a Self-Directed IRA? - Episode 1047
How are distributions taxed on a self-directed IRA? This is an excellent question, and the answer is: it depends! On this Q&A episode of Investing in Real Estate, we're going to explore this topic and more. On today's show, I'm answering three great real estate investing questions on IRA distributions, paying down a variable rate HELOC, and what's behind our national debt in this country.
17m Apr 29, 2024
17m
1046: Saving for Retirement Is Impossible - Episode 1046
Data shows that most Americans are ill-prepared for retirement. Bankrate reported that 56% of Americans feel behind on saving for their retirement years. So instead of dreaming of their retirement plans, many are left wondering if they’ll be able to retire at all. The idea of a cushy retirement has become more of a pipe dream than a real possibility for most Americans. On today's show, we're g...
6m Apr 25, 2024
6m
1045: Q&A: Does It Make Sense to Pull Out My Equity? - Episode 1045
If you have a historically low interest rate on your mortgage, does it make sense to take out a HELOC and pay current interest rates to tap into your equity? This is a great question -- and it's one we're going to explore on this Q&A episode of Investing in Real Estate! On today's show, I'm answering three of your great questions on various investing and financial topics like pulling out your ...
17m Apr 22, 2024
17m
1044: Invest Like a Pro: 1031 Exchange Tips - Episode 1044
There’s a big difference between your run-of-the-mill real estate investor and a pro real estate investor. Pros educate themselves on varying strategies, and they plan for taxes year-round, ensuring they’re taking advantage of every opportunity, credit, and deduction that’s available. And there’s one specific strategy I see a lot of investors overlook: the 1031 exchange. On this episode of Inv...
7m Apr 18, 2024
7m
1043: Q&A: Are Rentals Better Than Mutual Funds? - Episode 1043
If you had $200,000 to invest, would it be a better choice to buy rental properties or mutual funds? On this Q&A episode, we're going to compare these two scenarios to determine which would be a better long-term investment. I'll also be answering questions on financing with a self-directed IRA, how to prepare to invest in real estate, and how to determine rental rates. I hope this Q&A empowers...
17m Apr 17, 2024
17m
1042: The Secret Truth About Your Credit Score - Episode 1042
Every week in my inbox, I get questions from people who want to buy real estate, but they’re not sure how to get started because of a low credit score. If you feel like your credit score holds you back from reaching your financial goals, this episode is for you. On today's show, we're going to dive into what goes into a credit score, how it impacts your financial snapshot, and your ability to ...
5m Apr 11, 2024
5m
1041: Q&A: Should I Invest in Short-Term Rentals? - Episode 1041
Are short-term rentals like Airbnb the wave of the future? Or should investors stick with the traditional renting model? That's the first question I'm tackling on this episode of Investing in Real Estate! On this Q&A episode, I'm taking three listener questions about short-term rentals, finding the right accounting team for tax time, and the importance of LLCs for investing in real estate. To ...
12m Apr 08, 2024
12m
1040: Best Tips for Using a HELOC in 2024 - Episode 1040
The HELOC, or home equity line of credit. is a great financial tool you can use to reach a variety of financial goals, whether you want to pay off high interest debt, invest in real estate, or pay down the principal balance of your primary residence. I get a ton of questions about using a HELOC, so this video is going to act as a resource to answer some of those most commonly asked questions. ...
8m Apr 04, 2024
8m
1039: Q&A: Should I Sell My Overvalued Property? - Episode 1039
A recent Forbes article recently ranked Lubbock, Texas as the most overpriced housing market in 2023. The data showed that every home sold in July 2023 sold above its asking price. Today's first caller asked what this means, and wondered if investors should consider selling instead of renting their properties in this market. We're going to dive into this topic on today's show! This Q&A episode...
23m Apr 01, 2024
23m
1038: 5 Ways to Buy Rental Property without a Mortgage - Episode 1038
When you think about buying a rental property, you probably think about going through the traditional underwriting process at a big-name bank. Traditional mortgages can be a helpful tool for growing your real estate portfolio… but there are also a lot of scenarios in which a mortgage isn’t the right fit. So if you find yourself in a situation where you’re trying to grow your portfolio without ...
9m Mar 28, 2024
9m
1037: Q&A: What's the Best Way to Finance a Bulk Deal? - Episode 1037
Today's first caller has the opportunity to buy an entire portfolio of rental properties from another investor. But because he's new to investing in real estate, he's worried that lenders might laugh him out of the room. So what's the best way to obtain financing on a bulk deal? That's the first question I'll be answering on today's show! This Q&A episode of Investing in Real Estate features t...
22m Mar 25, 2024
22m
1036: This Is Devastating to America's Credit Score - Episode 1036
Credit card debt in the US recently reached $1 trillion in the second quarter of 2023 – for the first time ever. Economists cite reasons like inflation and rising interest rates as major contributors to this debt crisis. But here’s what I dislike about that narrative: it leaves consumers feeling entirely powerless. We can’t control inflation or what interest rates are doing. But we can control...
11m Mar 21, 2024
11m
1035: Q&A: Should I Sell My Home to Start Investing? - Episode 1035
Today's first caller wants to start investing, and she's not sure if she should sell her home, start house hacking, or take another route. What's the best option for her to start diversifying her income? That's the first question I'm answering on today's Q&A episode! On this episode of Investing in Real Estate, I'm taking three of your great questions on how to decide if you should sell your h...
19m Mar 18, 2024
19m
1034: The #1 Way to Build Your Net Worth - Episode 1034
The typical American household net worth surged 37% during the pandemic according to the Federal Reserve’s Survey of Consumer Finances. And on today's show, we're going to discuss a major reason why – the power of real estate. On this episode of Investing in Real Estate, you're going to learn why real estate is the number one way to build your net worth. I'm sharing how real estate measures up...
11m Mar 14, 2024
11m
1033: Q&A: What's the Difference Between Bonus Deprecation and a Cost Segregation? - Episode 1033
What's the difference between bonus depreciation and a cost segregation, and can they coincide? That's the first question I'm answering on today's Q&A edition of Investing in Real Estate! This episode features three great listener questions on tax strategies, getting started in real estate with no money and bad credit, and the truth about elevated home prices. I'm also going to be sharing some...
18m Mar 11, 2024
18m
1032: HELOC vs. Cash-Out Refinance for Growing Your Portfolio - Episode 1032
In this economy, most American homeowners are flush with equity. Having plentiful equity in your home is beneficial for many reasons. It can be a great tool for reaching multiple financial goals, whether you’re trying to pay off debt, lower the principal balance on your mortgage, or buy rental real estate. If you’re considering using your home equity to grow your real estate portfolio, your op...
6m Mar 07, 2024
6m
1031: Q&A: What's the Best Investment for Retirement? - Episode 1031
Today's first caller owns a couple of rental properties alongside her husband. As they reach retirement age, what's the best investment type? Should they open a self-directed IRA or buy properties in other ways? That's the first question I'm answering on today's show! This episode of Investing in Real Estate features three of your investing questions on topics like retirement, the best incenti...
17m Mar 04, 2024
17m
1030: The Four Habits of Highly Successful Real Estate Investors - Episode 1030
What does it take to become a highly successful real estate investor? Your mind might immediately run to things like income or returns—but the truth is that what marks your success is ultimately rooted in your mindset and your habits. On today's show, I’m sharing four simple and realistic habits of successful investors. These four traits are shared by every successful real estate investor I kn...
9m Feb 29, 2024
9m
1029: Q&A: Can I Use a Self-Directed IRA If I Want to Retire Early? - Episode 1029
There are many benefits of investing inside of a retirement account like a self-directed IRA. But if you want to retire early, can a self-directed IRA help you reach your goals? That's the first question I'm answering on this episode of Investing in Real Estate! This Q&A episode features three great listener questions on deciding if retirement accounts are right for you, how to determine if yo...
21m Feb 26, 2024
21m
1028: The Best Ways to Buy Real Estate in 2024 - Episode 1028
The sky is the limit when it comes to ways to purchase real estate. Some investors like working with their local hometown banks, some use private financing, and others enjoy the benefits of buying real estate inside their retirement accounts. The beauty of this is, there’s no right or wrong way to build wealth through real estate. As long as you’re taking consistent action toward your goals, it...
9m Feb 22, 2024
9m
1027: Q&A: When Should I Sell a Rental Property? - Episode 1027
If you own a rental property that needs constant repairs and maintenance, what should you do? Is it better to sell a high maintenance property, or is there a better way to deal with it? That's the first question I'm answering on this Q&A episode of Investing in Real Estate. Today I'm answering three of your great questions on dealing with repetitive repairs, turning your first home into a rent...
16m Feb 19, 2024
16m
1026: How to Master Your Mindset for Real Estate Investing - Episode 1026
Real estate investing isn’t just about the brick-and-mortar components. In fact, I could care less about the specific details of a property, as long as it’s safe and in good condition. What really matters when it comes to investing is getting your mind right. On this episode of Investing in Real Estate, you’re going to learn about the critical connection between mindset and success for investo...
11m Feb 15, 2024
11m
1025: Q&A: How Can I Find a HELOC Checking Account? - Episode 1025
If you want to use a HELOC to pay off your mortgage, the easiest way is to utilize your HELOC as a checking account. But where can you find these types of HELOCs? That's the first question I'm answering on this episode of Investing in Real Estate! Today's Q&A episode features three of your great questions about finding HELOC products, rental companies, and how to buy rental properties inside a...
13m Feb 12, 2024
13m
1024: 5 Simple Steps to Start Investing Like a Pro - Episode 1024
If you want to become a real estate investor, but you’re not sure where to begin, this episode is for you. I’m going to walk you through five simple steps you need to take to begin investing in real estate. I know from experience that when you’re trying to make the jump to becoming an investor, it can be easy to get caught up in the weeds of things that ultimately don’t matter. So get ready to...
9m Feb 08, 2024
9m
1023: Q&A: How Can I Teach My Children Financial Intelligence? - Episode 1023
How can you teach your children financial intelligence? What are the best resources you can arm yourself with in order to pass down important lessons about money? That's the first question I'm answering on this Q&A episode of Investing in Real Estate! This episode features three of your great questions about financial education resources, minimizing high taxes, and deciding what to do with a h...
19m Feb 05, 2024
19m
1022: Do This to Hack the Retirement System - Episode 1022
According to recent data from the Federal Reserve (https://www.federalreserve.gov/publications/2022-economic-well-being-of-us-households-in-2021-retirement.htm) , only 40% of Americans feel like they’re on track with their retirement savings. But I’m going to let you in on a little secret: traditional retirement accounts like the 401k aren’t designed to give you confidence or financial security...
10m Feb 01, 2024
10m
1021: Q&A: Which States Are Best for New Investors to Buy Real Estate? - Episode 1021
What are the best states to buy rental real estate? And what makes a rental market profitable? That's the first question I'm answering on this Q&A edition of investing in real estate! On today's episode of Investing in Real Estate, I'm answering three of your great questions. We're going to cover topics like rental markets, buydown credits, and how a banking collapse could affect your portfoli...
15m Jan 29, 2024
15m
1020: How to Go From Being a Homeowner to an Investor - Episode 1020
Most Americans have been sold the idea of the quintessential American Dream… the vision of owning a home with a white picket fence. In fact, a survey released by Bankrate showed that 74% of respondents cited homeownership as the pinnacle of success, outranking education, retirement, family, and career achievements. But owning your home is much different than owning a performing asset like a re...
7m Jan 25, 2024
7m
1019: Q&A: How Can I Grow My Portfolio with a High Debt-to-Income Ratio? - Episode 1019
Our audience asks the best questions, and on today's show, I'm going to tackle a few of them. On this episode of Investing in Real Estate, I'll be answering three of your questions on various real estate topics. This Q&A episode features three great questions on topics like investing with a high debt-to-income ratio, how to decide if you should pay off mortgages, and buying a property with a s...
19m Jan 24, 2024
19m
1018: Creative Financing Secrets for Buying Real Estate - Episode 1018
Too many people think inside the box when it comes to buying real estate. If you’ve ever gotten a “no” from a lender, that is not your destiny. If buying real estate is something you truly want to do, then the old adage applies: where there’s a will, there’s a way. There are truly so many ways to get started buying real estate. If you have tenacity, willingness, and the ability to be creative,...
9m Jan 18, 2024
9m
1017: Q&A: Should I Self-Insure My Property - Episode 1017
Insurance is a critical piece of owning and protecting any piece of real estate. Is it a good idea to self-insure your rental property? That's the first question I'm answering on this Q&A edition of Investing in Real Estate! On today's show, I'm answering three of your great questions about self-insurance, self-directed IRAs, and how to invest in US real estate from Canada. We'll also talk abo...
20m Jan 15, 2024
20m
1016: How to Take Control of Your Financial Future - Episode 1016
You’ve heard all the traditional financial advice, like the importance of automating your savings, sticking to a budget, and maximizing contributions to your retirement accounts. But if you follow this outdated advice, you’re going to get average, or below average outcomes. The truth is you cannot save your way to wealth. You can only build your way to wealth. On today's show, I’m sharing five...
9m Jan 11, 2024
9m
1015: Q&A: How Can I Use a Veterans Affairs Loan to Grow My Portfolio? – Episode 1015
Today’s first caller used a Veterans Affairs loan to house hack. What’s the best way for him to grow a strong real estate portfolio? On today’s show, I’m answering this great question, and more! This Q&A episode features three of your questions on investing with a VA loan, vacancy rates in our rental markets, and my take on the possibility of a global banking crash. As always, I appreciate your...
18m Jan 08, 2024
18m
1014: Is a US Housing Crash Coming in 2024? - Episode 1014
The current housing market landscape consists of home prices consistently climbing, high mortgage interest rates, and an overall cooldown. Everyone is speculating about an impending market crash. But is there actually data to suggest an impending crash? That’s what we’re going to talk about on today’s show! On this episode of Investing in Real Estate, we're going to dive into the likelihood of...
7m Jan 04, 2024
7m
1013: Q&A: How Much Equity Should I Tap Into? - Episode 1013
If you have access to a big chunk of equity, how much should you tap into to grow your real estate portfolio? And what is the best product to help you reach your goals? That's the first question I'm answering on this Q&A edition of Investing in Real Estate! On today's show, I'm answering three of your real estate investing questions spanning topics like using home equity to invest, the mechani...
15m Jan 01, 2024
15m
1012: Exposing the Truth About Your Retirement - Interview with Mat Sorensen - Episode 1012
New data shows the average American is not prepared for retirement thanks to faulty programs like the 401(k) plan and traditional IRAs. But what can you do if you want to have a more comfortable retirement? Luckily, there are a few alternative retirement plans that can create better outcomes. In this interview, we're joined by Mat Sorenson CEO of Directed IRA, partner at KKOS Lawyers, national...
33m Dec 28, 2023
33m
1011: Q&A: Should I Diversify My Portfolio? - Episode 1011
Should you use the equity in your rental property to buy more investments and diversify your portfolio? That's the first listener question I'm tackling on this edition of Q&A Monday! Every Monday, I answer three of your real estate related questions. This episode contains conversations on utilizing equity, accounting for your business, and how to get started in real estate with no money and ba...
16m Dec 25, 2023
16m
1010: Investing in Rental Properties the Right Way - Episode 1010
In the landscape of higher mortgage rates, limited housing supply, and intense competition, finding a good rental property can feel like a tall order. In fact, some people are choosing to put off their investing goals until things regulate in the market. But waiting to invest in real estate could cost you in the long-term. On today's show, you’re going to learn the right way to buy real estate...
6m Dec 21, 2023
6m
1009: Q&A: How Do I Make Mortgage Payments with My Self-Directed IRA? - Episode 1009
If you have a mortgage on a rental property that's owned by your self-directed IRA, how does the mortgage need to be paid? On today's show, we're going to answer this question — and more! This Q&A episode of Investing in Real Estate features three listener questions on self-directed IRA payments, how to choose a landlord friendly state to buy investment properties, and what investors should co...
18m Dec 18, 2023
18m
1008: The Pros and Cons of Using Real Estate in Your Retirement Plan - Episode 1008
Alternative strategies for retirement are growing in popularity, and for good reason. More and more Americans are realizing that the traditional way to save for retirement is outdated, broken, and ineffective. Buying real estate investments is a great way to exponentially grow your wealth and save for retirement. To help you determine if buying rental properties in a retirement account is righ...
7m Dec 14, 2023
7m
1007: Q&A: Can I Take a Loan from My Self-Directed IRA? - Episode 1007
Smart investors know that utilizing a self-directed IRA is an incredible way to build wealth and maximize your retirement. But is there a way to take a loan from your self-directed IRA in order to take advantage of further tax benefits? That's the first question I'm answering on today's show! This Q&A edition of Investing in Real Estate features three of your questions on self-directed IRA rul...
14m Dec 11, 2023
14m