Investing in Real Estate with Clayton Morris | Build Financial Independence

I truly believe in the power of setting goals, and that’s why I'm passionate about sharing the message of finding your Freedom Number. However, it’s important to set short-term goals in order to reach your ultimate goal of financial freedom.   On this encore episode of Investing in Real Estate, Natali and I are sharing how we set short-term financial goals. We’ll talk about our acquisition strategy and mapping out our finances. We’re also giving away a free spreadsheet to help you map out your own goals! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode310

After President Trump recently announced his plans to implement a new trade policy, many Americans wondered how the economy would be affected. Because of this political tension, equities and real estate investment trusts are starting to feel the pressure. But a new article suggests that the real estate sector will remain largely unaffected by a trade war. On today’s show, I’m discussing economical data. I’ll talk about why stocks dip, while real estate remains constant. I’ll share data about REITS, homebuilders, and much more! Don’t miss episode 309 of Investing in Real Estate! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode309

There are many great strategies for investing in real estate, but smart investors are not overly concerned with their method. Instead, they keep their eyes on the prize: cash flow. Today’s guest left behind a successful career in the entertainment industry in order to focus on creating cash flow through real estate. Andrew Lanoie is a real estate investor, and the founder and CEO of Four Peaks Capital Partners!   On today’s show, Andrew is sharing all the details about his real estate career. We’ll discuss why he left behind a profitable and exciting career, how his real estate approach has pivoted over time, and much more. Don’t miss episode 308 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode308

In the financial realm, there’s often talk about the power of being debt free. However, we like to focus on financial freedom instead. Debt is not inherently evil—in fact, it can serve many purposes. On today's show, Natali and I are sitting down to discuss why being financially free is more empowering than being debt free. We’ll talk about the benefits of being appropriately leveraged, and how to determine what types of debt are important to eradicate. You’ll learn about debt as a form of asset protection, and how to think of your finances as a balancing act.

To put it frankly, there’s a lot of terrible financial advice out there. Especially when it comes to retirement, traditional advice is no longer relevant. Unfortunately, I constantly see articles written by so-called-professionals spewing out inaccurate retirement advice. Today’s episode of Investing in Real Estate comes from a recent live stream on our YouTube channel!   On this episode, I’m sharing my opinion on a ridiculous article written in the mainstream media about retirement. You’ll learn about how to retire at 40 years old—the right way. If you’ve ever wondered about retiring early, this episode is for you!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode306

When it comes down to it, real estate investing is not about houses. As you’ve heard me say before: an investment property is just four walls and a roof. Ultimately, owning rental properties means running a business. On today’s show, I’m joined by global CEO, innovator, and entrepreneur, Derek Lidow. Derek is a New York Times best-selling author, a professor at Princeton University, and a proven successful businessman.   On this episode, Derek is sharing the key to successful entrepreneurship, including how to achieve success quickly. We’ll talk about financial education in our society, the importance of self-awareness in business, and so much more!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode305

Last week when we had Tom Wheelwright on the show, he brought up an interesting way that investors can deduct HELOC interest despite the new tax code. Since Natali and I are always looking for new ways to grow our portfolio and build wealth, our interest was officially piqued.   On this episode of Investing in Real Estate, Natali and I are discussing how to use promissory notes for real estate investing. You’ll learn what promissory notes are, and how you can use them to grow your real estate business. We’ll discuss the major benefits, as well as examine how to ensure your promissory notes are correctly constructed. This is an amazing strategy; you won’t want to miss episode 304!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode304

Accounting for repairs and expenses on a rental property is a topic that creates a lot of confusion. However, the IRS has set forth regulations that are very clear. On today’s show, I’m sharing a simple mnemonic device you can use to determine whether or not an expense can be written off immediately, or capitalized over time. I’ll give specific examples, quote exact wording from the tax code, and share why I love making repairs on my rentals! Come along for episode 303 of Investing in Real Estate! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode303

Ever since the new tax law was announced, there’s been a lot of chatter in the real estate world about how investors will be affected. And because the tax law recently underwent the biggest overhaul in over 30 years, there are a lot of details to digest.   On this episode of Investing in Real Estate, we are welcoming back our favorite CPA, Tom Wheelwright to discuss the intricacies of the US tax law. Tom knows the ins and outs of the tax code, and on today’s show he is clearing the air about some common misconceptions and worries. We’ll discuss pass through entities, interest deductions, and more. As always, Tom is a wealth of information; don’t miss this episode!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode302

Understanding deeds and how they work is an important part of acquiring real estate. Since a deed is a legal document, you’ll want to ensure that you fully understand its purpose and meaning before completing any real estate transaction.   On today’s show, Natali and I are discussing everything you need to know about deeds! We’ll talk about the different types of deeds, how they work, and in what scenarios each type is applicable. Don’t miss episode 301 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode301

The majority of Americans despise tax season, but this is only because they don’t understand how the tax law works. The tax system has one clear purpose: to incentivize Americans to participate in certain behaviors.   On this episode of Investing in Real Estate, I’m discussing how the US tax code is rigged in favor of rich people. I’ll talk about the true purpose of the tax code, and how you can reap the largest tax benefits. If you’ve ever wondered about how to pay less in taxes, today’s show is for you!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode300

Smart investors understand the importance of keeping up on market trends. Since the market is always changing, there can be a lot of information to digest. That’s why I’m so excited to welcome Brian Kline back to the show to discuss current market trends! On today’s show, real estate investor and journalist Brian Kline is back to talk about the housing market, including prices and bubbles. We’ll discuss Millennials, vacancy rates, and the economy. Brian is constantly watching the current trends of the real estate business; you won’t want to miss his insights on this episode of Investing in Real Estate! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode299

We’ve been advised by our legal teams to purchase real estate in a specific way, which involves establishing LLCs. Occasionally, our listeners ask about the option of instead using a land trust. So we decided to do some research, and report back with what we’ve learned! On this episode of Investing in Real Estate, Natali and I are discussing the ins and outs of land trusts. We’ll discuss what they are, what their purpose is, and if you should consider using land trusts in your real estate business. If you’ve ever wondered about the pros and cons of land trusts, this episode is for you! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode298

Typically, investing in real estate is quite boring. We purchase simple homes in average neighborhoods, and our property management teams deal with the tenants. Most of the time, nothing too exciting ever happens. But every once in a while, we receive a wacky email from our property management companies. On today’s show, Natali and I are sharing an incident that recently occurred at a rental property. We’ll talk about how we handle these issues, and discuss the ups and downs of investing. Please join us for episode 297 of Investing in Real Estate! Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode297

When it comes to investing, I try to stay in one lane and focus exclusively on buy and hold single family homes. But the beauty of real estate investing is that there are multiple niches; there’s something for everyone!   On today’s episode of Investing in Real Estate, I’m sitting down with mobile home park investor, Kevin Bupp! Kevin is a serial entrepreneur, and a successful investor who has done 40 million dollars in real estate transactions. On today’s show, he’s sharing the details of his investing career, including how he lost everything and bounced back. He's giving the lowdown on how to invest in mobile home parks, and how to avoid shiny object syndrome. Kevin is an incredible wealth of information; you won’t want to miss episode 296.   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode296