Morris Invest

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The national debt in the United States is steadily increasing year after year, finally reaching a historic level. This situation is concerning, with a fast-paced growth at a rate of a staggering $1 trillion accruing to the national debt every 100 days. The recent total in January of this year was a record-breaking $34 trillion. What’s going on with this immense amount of debt? On today’s show, we’re going to talk about some of the main factors brewing behind the scenes. This massive amount of looming debt proves a serious lack of financial responsibility within the US government, including skyrocketing spending habits that will have serious lasting effects for the American people for decades to come. Outside of that, one of the main factors that has contributed to this massive amount of debt, and especially the rate at which it has grown, is pandemic-related spending. Gobs of money were thrown at the problem, from vaccine development to grants and subsidies, economic impact payments, funding for healthcare, and so on… Another issue that has amassed tons of debt in recent years is immigrant support. That’s right, the US government is spending taxpayer money on housing, food, and transportation for immigrants who enter the country illegally. If you haven’t seen my video on what’s going on with illegal immigration in this country, you’ve got to watch that one to get some more context. We’ll link it for you right here. And of course, we can’t forget that billions of dollars have gone to fund war in Ukraine. While sending aid to foreign countries isn’t anything new for the United States, the amount sent to Ukraine far exceeds any other recipient. The Biden administration & the US Congress have allocated about $75 billion to aiding in conflict in Ukraine. It’s jaw dropping. Politicians cannot agree on a way to tackle this mountain of debt. Plus, both parties are unlikely to cut funding to programs or hike up taxes – because at the end of the day, they’re all looking to get elected. It’s futile to point fingers, as both parties have ultimately contributed to the issue, and both should take responsibility for finding solutions. As for the people, I always say, if you want to stay afloat in today’s economy, you’ll have to learn how to protect yourself and your wealth from external factors. It’s more important than ever to think about ways to reduce your overall tax burden and to begin building generational wealth for your family. The best ways to do this include buying real estate. Rental properties are inflation proof assets that will always provide income. And best of all, investing in real estate offers many great tax benefits – this will protect you if your elected officials decide to ramp up taxes in order to increase the country’s income. If you’re interested in what we do at Morris Invest, you can click the link in the description box to schedule a free call. We can help you decide if rental real estate is a good fit for you. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The dollar has held its power in global trade for decades. Since World War II, it has been the world’s principal reserve currency. What does that mean? A reserve currency is held and used by institutions and central banks across the world for international transactions. Major commodities like gold, lumber, and oil are priced in dollars. Global trade runs on the US Dollar; it has long been an important cornerstone in the global economy due to its ease of conversion and value. But over the past several decades, the inherent value of the dollar has been on the decline. In 1971, the US dollar’s departure from the gold standard led to a major devaluation. And this was just the first time the dollar has declined. Not to mention, in recent history, China has become an economic powerhouse… and sanctions enforced after the invasion of Ukraine have encouraged more and more countries to turn toward other currencies. Putin announced an intent to create an international currency standard. And even France has been leaning less and less on the US dollar. And these are just a few examples. When asked about these global issues and their impact on the dollar as the world currency, here’s what Janet Yellen, US Secretary of the Treasury had to say: “We should expect over time a gradually increased share of other assets in reserve holdings of countries.” Despite these glaring issues, American politicians like to affirm that the dollar’s position as a global currency is strong – but clearly there’s been a slow burn happening behind the scenes for decades. Bit by bit, other countries are trying to establish independence and chip away at the dollar’s role as the most prevalent reserve currency. Some may argue that the biggest threat to the future of the US dollar is the US government itself. National debt continues to climb at astronomical rates. Mixing high debt with high inflation could very quickly result in a crisis for the dollar. Regardless of what ultimately happens with the dollar – now is the time to think about how to protect yourself. We’re in an environment with high inflation and tons of economic volatility. Americans are losing their jobs left and right, while debt on both a personal and national level is out of control. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Major network news continues to spout the narrative that the economy is good. Whether they’re sharing harrowing statistics about inflation, credit card debt, layoffs, or immigration, they always seem to put a positive spin on otherwise bad news. But all you have to do is look at the data… things are not looking good in the US economy. It’s looking like the Fed won’t be ratcheting down rates by a significant measure anytime soon. So many Americans are holding onto hope for lower rates before they can do things like buy a home, invest, or upgrade their vehicle. And even though recent reports have shown that inflation is beginning to cool, the prices of everything from housing and groceries is still through the roof. Americans’ pockets are hurting, and things aren’t looking up. As long as inflation runs higher than the Fed would like, those interest rates are staying put. And even if we do see lower rates in the second half of 2024, any potential decrease is unlikely to be significant. The days of interest rates below 5% are sadly gone. To make matters worse, Americans are drowning in credit card debt. Americans’ total credit card debt reached an all-time high of $1 trillion dollars. Sadly, many people are caught in a vicious cycle, and high interest rates are keeping them locked into a state of perpetual economic hardship. Meanwhile, illegal immigrants are entering the country in droves. Over 7 million have entered the country during Biden’s tenure. And if the current rate doesn’t decrease, 2024 is looking to be the worst year ever for illegal immigration. Already struggling cities are being overburdened by this crisis. So if you’re believing this narrative by major news networks that Bidenomics is working…. Think again. Economic analyst and financial writer David Morgan is warning of a looming global depression. He said, “we are entering into a global depression the likes of which the world has never seen.” We’re seeing persistent inflation, an affordable housing crisis, record rates of illegal immigration, and massive job cuts, to name a few… it’s time to brace for this hard landing. There’s never been a worse time to be saddled by credit card debt, especially with these big companies that are charging outrageous interest rates. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 🪙 Download the free report: https://morrisinvest.com/silver ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Decide If You Should Tap Into Your Home Equity If you have a low interest rate on your mortgage, I can understand why you'd be hesitant to pay today's interest rates to access your equity. However, it's important to remember that those interest rates in the 2-4% range are of the past. That was a once-in-a-lifetime opportunity! So instead of measuring your HELOC rates against your mortgage rate, it makes more sense to weigh them against what you can earn on an investment property. So while you might pay 9% to access your home equity, you could get returns to the tune of 18% if you buy a rental property. To me, that would be worth it. What to Consider About Dealing with a Bad Ex-Tenant Nobody likes being burned by a tenant or having to pay a bill that doesn't belong to them. If you want to make things right, you can always contact a lawyer or go to small claims court. However, these things will cost you a lot of time and energy. If it were me, I would just chalk it up to the cost of doing business and move forward. My Thoughts on Selling vs. Holding Your Investments in Tough Economic Times Personally, I won't be selling any real estate or precious metals. These assets are a hedge against inflation and a great way to preserve your wealth. I can't tell you what to do, but it is important to recognize that billionaires largely hold their assets throughout all cycles of the economy. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- High fees. If your 401k plan is riddled with high fees, your plan administrator is undoubtedly taking advantage of you. And if you’re thinking, “I don’t even know what types of fees I’m paying on my 401k plan!” Yeah… you’re not alone. A 2021 report released by the Government Accountability Office found that nearly 40% of Americans do not fully understand the fees in their 401ks. Even worse, 41% of investors don’t even know their 401k has fees at all! Researchers at Yale University studied the excessive fees inside 401k plans and determined that fees totaling over 1% are hurting your retirement savings.So what can you do if you’re paying high fees? Well, depending on your employment status, you might be locked into your account. In that scenario, here are your options: first – give your provider a call. Seriously – ask about those fees! The first step to changing this system is awareness, and we can do that by demanding transparency from these companies that profit from a lack of financial education. No employer match. 99% of people I hear from who are happy with their 401k have one thing in common: a great company match. And really, that’s about the only scenario in which a 401k makes sense.But if you’re having part of your paycheck funneled into your 401k and your employer isn’t matching it, you’re really doing yourself a disservice. If this is you, consider changing your contribution and exploring other retirement plans you can set up on your own. You’re not limited to using a crappy 401k. There’s a whole world of other retirement plans out there, and you can contribute an additional $6500 per year into an IRA.Another option, of course, is to start buying rental properties that can provide you with cash flow. You can even do this inside of specific retirement accounts. Check out my video on The Pros and Cons of Using Real Estate Inside Your Retirement Plan to learn more. Extremely poor or limited investment options. Some people will try to tell you that fewer investment choices are better, but this only applies if you have very little financial education. The average 401k offered from Vanguard has about 27 investment options, but some may offer as little as three! Diversification is important when it comes to investing, so make sure your plan offers enough investments… and if it doesn’t be sure that those few investments aren’t riddled with fees. Listen, I don’t care whether or not you invest in a 401k; I have no dog in the fight when it comes to how you live out your retirement. Here’s what I do care about: whether you are empowered and educated about your options. That’s what I want for you—empowerment ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: Americans Are Being CRUSHED By Credit Card Debt: https://bit.ly/4agYlxP 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- It’s no secret that the commercial real estate sector has seen huge impacts since the pandemic. The work-from-home revolution has brought about sweeping changes for society and the economy at large. Office spaces and retail locations specifically have been hit hard with vacancies over the past few years, and there’s no sign of things trending in a positive direction. You don’t have to be an economist to see that things have gone south. If you’ve been in any downtown area or shopping mall in the past couple years, it’s blatantly clear that there’s been a shift in commercial real estate. In fact, Moody’s Analytics found that a staggering 19.6% of office spaces were not leased in the fourth quarter of 2023, up from 18.8% in 2022. This major shift in the workplace has totally upended the commercial office space industry. This combined with higher interest rates has put pressure on leaseholders and lenders alike, resulting in many businesses defaulting on loans. Nearly $1.5 trillion of US commercial real estate will be due for repayment by the end of 2025. And with interest rates being a bit higher, refinancing is risky. Small local banks with a high percentage of commercial properties on their balance sheets WILL fail. That’s exactly what Jerome Powell said. There will be defaults and collapses in community banks; we heard it straight from the horse’s mouth. You don’t have to read between the lines. There’s big trouble here. Federal Reserve data from September 2023 showed that commercial real estate comprised 44% of portfolios at small banks, vs. only 14% of the country’s 25 big banks. This situation could have serious consequences on a widespread scale. If you have money sitting in small local or regional banks, start thinking about ways to protect your money. There’s no longer any uncertainty about how work from home practices and the changing economy will impact office spaces. We’re seeing it unfold right in front of us, things are crashing. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Download the FREE report: https://morrisinvest.com/interest 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What You Need to Know About Owning Properties in an Overvalued Market This data showing that rental properties sold above their asking price tells you a lot about the market. You can rest assured that the market growth is there, and the appreciation is powerful as well. Not every overpriced market will make a good rental market, but Lubbock, Texas is a strong rental market because the price of rent is keeping up with the prices of properties in this area. So the great thing about this is, investors have options! If you’d like to sell your rental property, that would be profitable. Renting it out is profitable as well. It all depends on your long-term goals. Tips for Using a Veterans’ Affairs Loan to Buy Rental Properties Using a VA loan to buy rental real estate is a powerful strategy. However, you should know that your property must be owner-occupied at the time of purchase. If you’re willing to live in a duplex, triplex, or other multi-family property, personally I think it’s worth pursuing. Check out this book: Military House Hacking for more information. https://bit.ly/3YfuZuy How to Turn a Paid Off Home Into a Performing Asset A paid off home is a great resource! If you have a lot of untapped equity, that’s a smart way to access funds to buy rental properties in proven markets. You could also consider renting rooms if that works for you personally. My friend Dan Kraus at Churchill Mortgage is the king of creative financing. You can reach out to him to discuss lending products on your primary home. https://bit.ly/347nADc ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: This Is DEVASTATING to America's Credit Score: https://bit.ly/3PN3DZN 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Let’s talk about some of the few key factors that are contributing to the issue at hand. One major contributing factor in the credit card industry is predatory rates. So not only are credit card interest rates rising in accordance with the Fed’s rate hikes the past year, but they’re also exorbitantly high, for no good reason. USA Today recently reported that certain store credit cards have climbed to record high interest rates of 33%. The sad truth is these companies can charge whatever they want. Store cards, of course, are the worst offenders, but most, if not all, credit card interest rates are extremely predatory. There’s no protection for you as a consumer, these banks and lenders will do whatever they can to get their hooks into people, and they prey on a lack of financial education. Another problem, of course, is inflation. The cost of everything has risen, and sadly many consumers are in such a dire financial situation that they cannot afford these price increases – so they rely on credit cards to fund their lifestyle, and then get stuck in a vicious cycle. We’ve also seen student loan payments resuming late last year. This has put many Americans in a serious financial crunch. The average student loan payment is in the $200-300 range, although some borrowers have much higher payments. It’s more important than ever to understand the consequences of taking on consumer debt and to know when and how to use credit cards. Credit is a resource and a tool. But it can also cause financial ruin, anxiety, and devastation. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

🔥 Download the FREE report: https://morrisinvest.com/fed 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Find Financing on a Bulk Deal If the properties in a portfolio are truly a good deal, you shouldn’t have any trouble finding financing. Don’t worry about being a new investor — everyone has to start somewhere! Here are a few resources I would recommend: Jasey Capital Group https://www.jaseycapitalgroup.com/ DLP Lending https://dlpcapital.com/solutions/investment-funds How to Count Rental Income to Qualify for a Mortgage Many lenders will allow you to count rent toward your income, and therefore you can qualify for a larger mortgage. You just have to be prepared to prove that income and cash flow. Usually, you’ll need two to three years of statements. What to Do to Get Out of The Rat Race I’m a firm believer that financial freedom can’t be found through the system of W-2 jobs and traditional retirement accounts. One thing you can consider is intentionally building multiple streams of income. If your only income is earned through a paycheck, it will be very hard to build wealth. Side Hustle Show: https://www.sidehustlenation.com/side-hustle-show/ ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: How to Go From Homeowner to Investor: https://bit.ly/3uyU4Gf 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Nearly everything in our economy has shifted in the last few decades. College has become astronomically more expensive. The job market has gone through a complete overhaul. And the housing market especially has changed dramatically. Post-World War II, the American Dream became intricately tied with the idea of homeownership. Today, many people still share that sentiment. A survey by LendingTree found that 94% of Americans believe that owning their own home is part of the American Dream. But today, buying a home is much different than it was during that building boom. Today, we have an affordable housing crisis in America with an incredible demand for homes. So while people are working endless hours to make ends meet at their 9-5, with the hope of one day owning a home, there aren’t even enough homes available. But at least Americans can look forward to the final stage of the American Dream: retirement. But no, retirement has changed dramatically too. Outcomes are dire for retirees because most Americans are still relying on outdated accounts and systems. The 401k is among the most popular retirement plan in the US, yet it yields the most mediocre results. In recent data from Vanguard, the average 401k balance was only $112,000 in 2022. Since the dissolution of pension plans, the 401k has lost its position as a secure retirement plan. For the most part, a 401k will never lead to wealth. It’s a total lie that’s been sold to Americans. It hasn’t worked for decades, and it’s not going to help you build wealth. And your parents or grandparents might have access to a decent Social Security check, but the program is going down the toilet, fast. Social security is crashing. Today, the average monthly Social Security check is a paltry $1700(table 2), and benefits are expected to decrease significantly after the year 2035. Political corruption and the best interests of Wall Street are at the foundation of many, if not all, of these outdated systems. None of it is meant to help you create wealth. At its core, the American Dream isn’t really about the white picket fence or the 401k. It’s about financial freedom, the ability to accumulate wealth and pass it down to future generations. If you want to realize this dream for yourself, you’ve got to stop holding out hope for these outdated systems and practices. And if you’re ready to create financial freedom for your family, the best place to start is by downloading my free PDF, the Freedom Number Cheat Sheet. The Freedom Number is a concept I created and used in order to break free from the rat race and the chains of traditional retirement accounts. I share it for free because I believe so deeply in its ability to transform lives. I hope you’ll check it out, again it’s totally free. Just head to https://morrisinvest.com/freedom and we’ll send it your way. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: The Beginner's Guide to Financial Education: https://bit.ly/47yYpHR 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- 5 Middle Class Money Traps Buying liabilities. A liability is anything that takes money out of your pocket every single month—your mortgage, your car payment, credit cards, and loans. When you’re pouring your money into these expensive liabilities month after month, there’s little room in your budget for anything else. Not to mention, most liabilities come along with an outrageous interest rate – interest rates on certain retail credit cards recently surpassed 33%. Once you fall prey to this trap, it becomes increasingly harder to start buying performing assets that will help you build wealth. If this sounds like your situation, I really encourage you to check out the video I recently published on credit card debt in the US. Not building enough income streams. A lot of middle-class families live off one or maybe two salaries. If you want to start building wealth, you’ll need to start adding income streams to your family’s overall income. This can be businesses, side hustles, or my favorite, rental properties. Diversifying your income streams is an incredible way to start building wealth. Practicing lifestyle inflation. The lifestyle creep keeps people locked into a lifestyle of living paycheck-to-paycheck. If you’ve never heard of this term before, let me explain. Lifestyle inflation is when your income rises, and you also bump up your spending habits. So let’s say you get a raise at work, and then you plan a big vacation, and buy a fancy new car. So instead of bringing home extra money every month, you end up spending more. The lifestyle creep prevents you from building wealth and keeps you in a cycle of living paycheck-to-paycheck. Trying to time the market. This might be the biggest middle-class mistake of them all. Too many middle-class people talk themselves out of building wealth because of market conditions. Yes, rates are higher right now than they were in the past several years… but we are not going to see rates to the tune of 3 or 4% for a very, very long time. The ability to build wealth through real estate is going to get harder and harder to reach as prices go up later this year, and the 1% continues to gobble up available real estate. This is how the middle class’ wealth is shriveling up, and the top 1% is amassing more and more assets. Do you think wealthy investors give a crap about fluctuations in interest rate? No, they don’t. Let me tell you why. Successful investors aren’t splitting hairs over 1 or 2 percentage points. They see the value in making a long-term asset, and they go for it. Not focusing on financial education. One of the most powerful things you can do to reach any type of goal is to focus on education. The more that you learn, the more options open up for you. No matter your financial situation, I highly recommend making financial education a priority in your life. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

✅ Download the FREE report: https://morrisinvest.com/recession 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- My Thoughts on Selling Your Home to Invest Depending in your life circumstances, using your home’s worth or your home equity can be a great way to get your foot in the door with real estate investing. My main suggestions would be to make sure you’re investing in landlord friendly states (to avoid major headaches) and to work with a property management team (to make your experience as hands-off as possible). If you’re interested in learning more about our build-to-rent properties, you can schedule a free call at morrisinvest.com. The Pros and Cons of Cost Segregation Software Personally, I don’t have any experience using cost segregation software; I’ve always worked with an engineer. Here are few that I’ve heard of before, if you’d like to look into them: SegStream, KBKG, and Titan Echo. The main benefit of using cost segregation software is that it is cheaper. The cons are that at the end of the day, you still need a field study and when you work with a professional, you can trust that everything is done correctly. How to Go About Investing in Europe Unfortunately I don’t know much about investing in Europe/The Netherlands. I would assume that you can invest under your company’s name, but be sure to check with your tax professional. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The Differences Between Bonus Depreciation and a Cost Segregation The first thing I want to say here is that tax strategies should never be DIY, especially as it pertains to real estate investing. If you’re not already working with a real estate savvy CPA, it’s important that you do so. That being said, here’s what you need to know: a cost segregation study allows you to take advantage of bonus deprecation. These two strategies go hand-in-hand. During a cost segregation study, a specialized cost segregation engineer will review the components of the property and evaluate each for accelerated depreciation. How to Get Started in Real Estate with No Money If you don’t have any money for real estate investing, you’ll have to find deals and people. There are a few ways to go about this. You could go door-to-door looking for wholesaling deals or start making connections at your local real estate investing meetups. I’d also suggest reading Getting The Money by Susan Lassiter-Lyons. https://amzn.to/3trR9sY Why Home Prices Are So High Home prices are a simple result of supply and demand. We have a huge affordable housing crisis in the United States; there’s just not enough housing. Another thing to consider is that because of inflation, the prices of everything have skyrocketed, including housing. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What Retirees Should Consider When Choosing an Investing Strategy Personally, I'm not a big proponent of putting cash into a self-directed IRA to buy rental properties. The best way to set up a self-directed IRA is by using fund that are already allocated for retirement purposes, such as an old 401k or IRA. Here's why: there's a finite amount that you can contribute. The annual contribution limit is $6500, or $7500 if you're 50+. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits At retirement age, I'd consider becoming a real estate professional under the tax code, and continuing to buy rental properties inside your LLC. The Incentives of Buying Real Estate in the US The best incentive for buying US real estate from overseas is the potential for returns. US real estate has a lower barrier to entry than other countries like Australia. Because you can pay less for a rental property, you can expect higher returns. How to Decide If You Should Convert Your Home Into a Rental Property In my experience, many people want to turn their primary residence into a rental because of their attachment or emotions. Be sure you run your numbers before going this route. It might make more sense to go ahead and sell that home, and buy multiple rental properties that will perform better. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Determine If You Should Invest Inside Retirement Accounts A self-directed IRA is a powerful tool for building your retirement accounts. But if you're young and aspiring to retire early, it probably doesn't make a lot of sense for you to open a self-directed IRA. The account would be better suited for someone who has old retirement funds that they could roll over. In order to retire early, you're going to want to calculate your Freedom Number and then build up a portfolio of properties that can generate cash flow as they're paid off. Why Leveraging Your Home Equity Can Be a Smart Strategy I love using a HELOC to buy rental properties. As long as you can get a decent interest rate and are in the situation to pay back the loan, I think this is a powerful way to build your portfolio. Most Americans are equity-rich, so putting that money to work can help you acquire performing assets. What to Consider About Investing in Europe Personally, I don't invest in Europe. Europe tends to be dependent on what is happening in the US. No matter where you choose to invest, focus on tangible commodities that will always be needed.

📺 Watch Next: The Best Ways to Buy Real Estate in 2024: https://bit.ly/3HDJwJm 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Real estate notes. Investing in notes is a real estate strategy that’s great for beginners, or anyone who wants to start earning quick returns. What is a real estate note? You might have also heard the term mortgage note or promissory note. When you invest in notes, you’re basically acting as the lender on a real estate deal. You can DIY notes, or you can invest in notes through a company like Connect Invest. Check out my link, https://morrisinvest.com/connect, if you’re interested in using this strategy. The barrier to entry is low, typically you can start with as little as $500 and the returns are in the 7.5-9% range. House hacking has always been a financially intelligent strategy for veterans or active-duty members who have access to a VA Loan. It’s also great for first time buyers who can take advantage of an FHA mortgage. And Fannie Mae’s new policy allows all borrowers to take a multifamily home loan for just 5% down in owner-occupied units. There are so many different ways you could make this work, and there’s no better way to get your foot in the door with real estate investing. House Hacking video: https://www.youtube.com/watch?v=quMj1qegozM Buying a rental property in a proven market. There’s no better investment than a piece of real estate. Where do I even start? Buying rental properties in a proven market is going to give you a recession resistant asset, a hedge against inflation, tax benefits, and so much more. However, making a smart investment is easier said than done. You’ll have to conduct market research, run the numbers, and do a lot of due diligence to make sure you’re making a profitable and sustainable investment. Precious metals. In my opinion, there’s never been a better time to ensure your wealth is protected. Incorporating precious metals like gold and silver into your portfolio is a great way to diversify. It’s worth noting that while buying precious metals like gold do not create cash flow, they are a hedge against inflation and the swings of the market. This might not be the right strategy for you if you’re a beginner or are looking to create passive income, but it’s something to keep in mind as you grow and preserve your wealth. There are multiple ways to invest in precious metals, including physical bullion, gold funds, and gold stocks. I’m not an expert on precious metals, but I do know of a few great resources: https://learmorris.com/ So there you have it – four smart ways to invest in 2024: real estate notes, buying a duplex to house hack, a strong rental property in a proven market, and precious metals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What to Do with a Property That Needs Excessive Repairs In general, I think it’s always smart to be paying attention to your portfolio and keeping an eye out for any properties that are causing you problems. However, if it’s a problem with repairs, I think this can easily be fixed. It’s a matter of outsourcing. Work with a property management team and a contractor to get the job done. Let’s reframe this. Pretend you own 100s of properties. Would you be struggling with this one repair? Absolutely not. You’d delegate and get it taken care of. How to Turn Your Primary Home Into a Rental Property In this case, since you’ve got a low interest rate and a great mortgage product, I think you can make this work! I would hand the keys over to a property management team and make sure you’re getting a great tenant. From there, you can tap into that equity and build out your portfolio. The only thing you’ll need to consider in this situation is if you want to invest in California. It’s more expensive and it’s not a landlord friendly state. Not necessarily a deal breaker for this one property, but personally I’d be looking to expand into different states. The Rules on Using Property Inside Your Self-Directed IRA Unfortunately you cannot live inside a property owned by your self-directed IRA. This would be self-dealing and is against the IRS rules. You may be able to transfer ownership after retirement, but you’d need to consult your custodian and attorney.

📺 Watch Next: 5 Simple Steps to Start Investing Like a Pro: https://bit.ly/3sZHNu0 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The first myth is that you should buy everything with cash. The Dave Ramseys of the world discourage using credit, and I think that’s a huge mistake. I’m not saying you should go out and buy cars and TVs you can’t afford, but in order to build a sizeable real estate portfolio, you’ll probably need to use financing. The key here is to understand the important distinction between good debt and bad debt. Good debt is when you use a loan to buy something that puts money in your pocket every month, like a rental property. Bad debt is when you use financing to buy liabilities like cars and boats. If you stop demonizing debt and see the value in utilizing it in a financially intelligent way, you’ll be better off. Here’s another financial myth you need to understand: a lot of people think you need thousands of dollars to invest. You actually don’t! It’s true that if you want to buy a performing asset like a rental property that the barrier to entry can be high… but that’s not the only way to start earning returns. Here’s a far more accessible way to get your foot in the door: investing in real estate notes. We’ve partnered up with a company called Connect Invest that allows you to start earning returns for as little as $500. Connect Invest offers real estate short notes that deliver a 7.5-9% return on investment. You can choose the note length of anywhere between 6-24 months. The ROI is more than double any type of traditional savings account or CD that your banker will recommend. You can use my link to open a free account and when you invest $500 or more, you’ll receive $50 just for signing up! If you’re new to investing, this is an incredible way to start watching your dollars grow. It’s also a smart way to save for a down payment on a rental property or simply add some more assets to your balance sheet. There’s no minimum credit score or any type of requirement. All you need is $500. See if it’s a fit for you at https://morrisinvest.com/connect. Relying on outdated retirement practices. We’re living in a different world than our parents and grandparents did. If you’re banking on a 401k or Social Security to fund your retirement, the outlook is pretty bleak. In the description box below, I’m going to link some of my recent videos on retirement, and why you need to come up with a different plan if you want to build wealth and have a comfortable retirement that spans years, if not decades. Building a nest egg. Most people have been taught the importance of saving their pennies. But here’s the bad thing about a pile of cash: it eventually runs out. When you rely on saving money alone, your money is finite. If you want to actually build wealth, you’ll need streams of cash from performing assets. Living on one earned income. Most people have one source of income: earned income from their 9-5 job. The average millionaire has seven streams of income! Even if you have no intention of becoming a millionaire, it’s a great idea to build out multiple streams of passive income in order to live a comfortable life.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Find the Best HELOC If you want to find the best HELOC products on the market, the best thing you can do is shop locally! Your local hometown banks usually can offer the best products. However, if you can't find what you're looking for, I always recommend reaching out to my friend Dan Kraus at Churchill Mortgage. https://bit.ly/347nADc He has a ton of knowledge, resources, and connections in the lending world. How to Handle Titling on a Rental Property In general, I wouldn't recommend buying real estate with a rental company that insists on partnering inside your LLC. But even if you've chosen to do so, you should still be able to find lending products that work in tandem with your LLC. Again, I recommend Dan Kraus at Churchill Mortgage. https://bit.ly/347nADc Why You Can't Transfer Your Rental Property Into Your Self-Directed IRA Unfortunately, you cannot transfer ownership of a property that you already own into your self-directed IRA. This would be considered self-dealing, as you are a disqualified person via the IRS rules.

📺 Watch Next: Rental Market Checklist: https://bit.ly/3DFGFhJ 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Let’s talk about some metrics that make a state landlord friendly: ‌ Eviction process. Listen, evictions happen. I wish they didn’t, but they are part of the business. While you can never be totally immune from evictions, you can make sure the law is on your side. Before you invest in a market, you must have a solid understanding of what the eviction process looks like. All states have different eviction processes, but landlord friendly states have very little tolerance for non-paying tenants. Make sure you understand how long it takes to go through the eviction process, including whether you need a lawyer, and the specific steps you need to take to initiate an eviction. Security deposits. Every state is going to have different laws around security deposits, including the maximum, what you can and cannot charge against it. Be sure you know your rights in this area before you invest. The local economy. Another thing to consider is the health of the local economy. Looking at metrics like the vacancy rates, job growth, crime rates, and more can help you ensure that you’re investing in a healthy economy with great tenants, potential for growth, and high profits. In strong local economies, you’re going to see that people have expendable income, steady employment, and the desire to rent long-term. If they like the property and the school district, you’re going to see tenants who not only want to rent, but have the financial means to cover their rent payment every month. Registrations and licenses. Certain states and cities require a ton of red tape — others, not so much. In general, a landlord friendly state is going to have fewer hoops and hurdles for you to jump through. Usually, this type of thing isn’t going to make or break your experience, but it’s certainly something to look out for. Be sure to find out what types of fees and forms you need to complete in order to be in compliance. Rent control. Certain cities might set limits on how much you can charge for rent. Like everyone else, landlords experience the crunch of rising costs, and in my opinion, should be able to set or raise their rent at a fair market rate in order to cover expenses. Access to multiple proven and effective property management companies. It’s also worth noting that an instrumental part of your success and profitability comes down to your property management team. They can help with many of the things we talked about today, including collecting rent, the eviction process, and more.

📺 Watch Next: 10 Ways to Manage Your Real Estate Portfolio: https://bit.ly/42nS4NY 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Let’s start from the beginning – hiring. How do you hire a property management company? I think the best way is by referral, but I understand that’s not always an option. So if you’re starting from zero, you’ll have to do some research. Read reviews online, make some phone calls, get quotes, and set up meetings. Select a handful of companies that you’d like to interview. Here are the best questions to ask during those interviews: -What is your tenant screening process like? -What is the background check process like? -What is your monthly fee, and what other types of fees could arise? -What is your preferred communication method? And when can I expect a response from you? -What is your tenant turnover process? -What role do you play in the event of an eviction? -What is your vacancy rate? -Is there anything you think I should know about this market? And from those interviews, here’s what I like to see, personally: -Timely and effective communication. A great property management team needs to be comprised of strong communicators. Remember that this team will essentially be your tenant’s customer service team, so you want to ensure they’re kind, will respond to requests in a timely manner, and are pleasant to work with. -Thorough background check process. You want your property management team to comb through everything during a background check: credit, criminal background, employment, and more. They should be able to provide you with a full picture of the tenants they screen. -Plenty of experience in the market, along with a strong awareness of things like vacancy rates and local employment. -Reasonable vacancy rates that are consistent with what’s normal for that market. -Pricing consistent with the market rates. -Fair pricing and frequency when it comes to fees. -Proactive approach. Listen, I’m busy and I bet you are too. I like to work with a property management team that is taking a holistic approach – do they have my best interests in mind? Are they looking out for the well-being of my tenant? An excellent property manager is proactive in taking care of everything on site. At Morris Invest, we interview property management teams during our market research process. What this means for our clients is that we send them a list of our approved property managers to choose from. Of course, this doesn’t excuse anyone from doing their own due diligence, but it certainly helps narrow things down. If you’re interested in investing in done-for-you real estate, come on over to our website, https://morrisinvest.com. You can schedule a free call with us to learn more about our markets, our programs, and our streamlined process for helping investors like you build wealth.

📺 Watch Next: The Pros and Cons of Using a Self-Directed IRA to Buy Real Estate: https://bit.ly/47087CF 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Today, we’re going to talk about retirement secrets you need to know in order to build a retirement plan on your terms. Most plans have sky high fees. Have you ever looked at the fees on your 401k? Most plans have fees around 1.5%. But you would never know it unless you specifically go looking. They nickel and dime you, and they purposely lack transparency. You might not even be able to tell on your statement how much you’re paying in fees because they’re probably not itemized, and if they are, you’re going to see vague categories like “plan administration fees” and “individual service fees.” One calculation showed that the average American household pays nearly $155,000 over the course of their lifetime in 401k fees. The worst part is, this was several years ago – you can assume it’s only gotten more out of hand. The 401k is built to benefit Wall Street, not you. The average 401k plan is only around $112,000. And that’s not my estimate, that’s straight from data at Vanguard (page 51). There’s a lot of money to be made in the world of retirement… but if participants aren’t getting wealthy through these plans, who is? Social security is crashing. At one point in time, Social Security could add a nice padding to the average American’s retirement account. But today, the average monthly Social Security check is a paltry $1700(table 2), and benefits are only expected to decrease after the year 2035. Again, this is not my opinion, it’s straight from the Chief Actuary at the Social Security Administration. There’s a whole world of alternative retirement accounts available. Of course, the big wig providers won’t tell you this, but you have many more options beyond the 401k and IRA. There are accounts like the self-directed IRA, the solo 401k, the checkbook IRA, and more. These accounts are far superior for a laundry list of reasons: they allow you to choose your investments, their fee schedule is simple and transparent, and they give you freedom and control that your traditional accounts cannot provide. You can’t retire on a pile of cash. Americans have been instructed for decades to save up a nest egg to carry them through retirement. This might be the biggest lie of all. If the average 401k balance is $112,000 and the average Social Security check totals around $20,000 a year – how long do you think you could live off of that? I don’t know about you, but I’d be delivering pizzas on that type of income, too. Heck, let’s be generous and double those figures: how long could you live off of around $265,000? Certainly not the decades that retirement could span.. This is why it’s essential to build streams of income, not piles of cash. When you have multiple performing assets that create monthly cash flow, you don’t have to worry about your Social Security check dwindling.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com Know your numbers & track your progress. I know… there’s nothing more tedious than crunching numbers and looking at spreadsheets… but once you’re on the other side of it, there’s nothing more motivating than seeing how far you need to go to reach your goals. Pull out your latest balance sheet and update your Freedom Number so you know exactly where you’re headed. The best way to approach this part is with few emotions—there’s no need to feel guilt or shame if you’re not where you want to be. If you haven’t made progress toward your goals recently, don’t beat yourself up over it. You’re just doing this exercise to gain an understanding of where you stand and where you need to go. Bake learning into your routine. You know that saying that goes, “you become like the 5 people you spend the most time with?” Well, that’s totally true – but the best part is, with access to technology, it’s possible to learn from the world’s best experts any time you want. You’re not limited to hearing from just the people in your family or your hometown. With books, audiobooks, podcasts, and YouTube video, you can learn from some of the most successful investors in the world. Revisit your why. If you need to reignite your motivation, there’s nothing more powerful than bringing it back to your why. Why do you want to invest in real estate? If you don’t have a strong motivator for reaching your goals, then of course you’re going to get off track! Revisit your why, determine why financial freedom matters to you, and ruminate on the value investing in real estate can add to your life. Set up meetings. Accountability can be a powerful motivator, so don’t be afraid to involve others in your process. Whether you’re sitting down with your spouse to have a family meeting, reaching out to a mentor, or checking in with professionals, schedule some check-ins with people who want to see you succeed. It’s important that you identify other people who can cheer you on, encourage you, and keep you accountable. Talk with successful investors. Do you think that most successful investors have lost their motivation at some point? Do you think they’ve ever gone through a dry spell, gotten distracted, or felt discouraged? Of course, they have! Don’t be too proud to talk to some of those friends, share your struggles, and ask for advice. If you’re thinking, “but Clayton, I don’t know any successful investors,” then it’s time to change that. It’s important that you surround yourself with other likeminded people, whether that’s in person or online. Keep a journal. There’s something impactful about putting pen to paper. Get a notebook specifically for investing and journal about everything we’ve talked about in this video. Write about your Freedom Number, your why, things you learn in books and podcasts, and conversations you have with others.. This is a great way to keep you in the right headspace and reinforce positive habits.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com Buying a rental property above the appraised value. I’ve heard of so many investors over the last year that have purchased rental properties above the appraised value. Please never buy a property for more than it’s worth! You’re more likely to lose money on your investment, you’re losing out on equity, and you’re going to have a higher monthly payment. There should never be a reason to buy above appraised value; this is a major red flag! Cash flow negative. A cash flow negative property generates less cash than it costs every month, meaning you’re actually losing money. The bare minimum you should be looking for is $100 in cash flow after all of your expenses are paid. But of course, more is always better. Buying a cash flow negative property can leave you vulnerable to a whole host of risks, not to mention stress! Being cash flow negative on an investment is not going to help you reach your goals and it will leave you in a panic month after month trying to pay your expenses. If you buy a cash flow negative property, you’re setting yourself up to lose. Sky high appreciation. If you’re seeing crazy high appreciation on a rental property, or in a rental market, that’s another red flag. New investors sometimes make the mistake of thinking more appreciation is better, but that’s not always the case. A solid investment will have good appreciation, but at a slow and steady rate. High vacancy rates. Stay away from any property, neighborhood, or city that has high vacancy rates. Even if you’re able to secure a great tenant from the get-go, chances are that eventually they’re going to move out of your property. Tenant turnovers are one of the biggest expenses for investors, and the last thing you want is a long vacancy to prolong the experience and eat into your returns. Tenant friendly legislation. Trust me when I say that investing in a landlord friendly state is a critical piece of smart investing. If you’re considering investing in a state that doesn’t favor landlords, to me, that is a huge red flag. Legislation can impact everything from evictions to security deposits and late fees.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com Interest rate is only one factor in deciding if a deal makes sense. If you can find a great property for the right price, you have enough money for a down payment, and the returns are good, why would you let one number discourage you? Consider how those other numbers, like price and returns, impact the deal as a whole. Having a slightly higher than desired interest rate shouldn’t impact the overall merit of the deal. In fact, the interest rate is far less important than other factors, like returns. Rates aren’t likely to fall much more. I know a lot of people are holding out for rates to go down, but we’re not likely to see much variance over the span of the next year. Most analysts are forecasting that rates will hit around 6% around the end of 2024. If you’re holding out for rates near pre-pandemic levels, you could be waiting years, if not decades. Refinancing later is always available. I know a lot of people don’t like when I say this, but it’s true, you can always refinance down the road. If for some wild reason, rates do reach record lows again, you could refinance your property. Banks, specifically your hometown local banks, are always looking to do business. If they can lock you in for another 30 years with a refinance, they’re happy to do so. Refinancing is very common in the mortgage industry, so just remember that tool is always available to you as long as you are willing to pay closing costs in exchange for a lower interest rates. Prices are rising soon. As mortgage rates begin to trend down, prices will climb. This is inevitable. The question then becomes, what is more important to you: a lower rate or a lower price? In my opinion, the price is more important. Like we discussed, you can change the rate at a later date. The price is fixed, and buying sooner allows you to lock in equity when prices go up. Timing. Remember that market conditions are only one piece of the investing puzzle. The more important thing to consider is this: is it the right time for YOU to invest? This is what really matters at the end of the day. Consider your personal goals and your timeline and let that be your guiding factor.