Investing in Real Estate with Clayton Morris | Build Financial Independence

Taxes are an integral piece of running any business, and real estate offers some of the largest benefits. But unless you’ve planned appropriately, you’ll likely miss out on some of the deductions that real estate investing has to offer.   On this episode of Investing in Real Estate, I’m sitting down with Certified Public Accountant and Certified Tax Coach, Craig Cody. Craig is here to share the biggest tax mistakes that real estate investors make, and give his predictions on the future of the tax code. We’ll talk about the importance of planning appropriately, and Craig is giving a way a free copy of his new book!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode236

“Accredited investor” is a term that Natali and I were relatively unfamiliar with until recently. But this year as we started taking a deeper look at our investment strategy, we were introduced to this term.   On this episode of Investing in Real Estate, we’re discussing what it means to be an accredited investor, and how a real estate investor would qualify for this title. We’ll also explain what types of professions automatically qualify as accredited investors. Please join us for episode 235!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode235

You probably already know that real estate is the best way to build wealth and get a high return on investment. In fact, more millionaires in this country attained their wealth via real estate than any other means. So why don’t financial advisors recommend real estate investing to their clients? This is a question I’ve always wondered, so I’m excited to bring you this show!   On this episode of Investing in Real Estate, I’m interviewing Brent Sutherland, a financial planner and real estate investor. Brent is pulling back the curtain and discussing his insight into the world of financial planning. We’ll talk about how financial advisors get paid, and the general lack of education in the industry.   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode234

You probably already know about the countless benefits of owning rental real estate, and I bet you’ve thought about what your life will be like once you reach financial freedom. But today’s guest is challenging us to take the opposite approach. What would happen if you didn’t invest in real estate?   On this episode of Investing in Real Estate, I’m joined by Thembi Bheka. Thembi is a real estate investor, mentor, educator, and member of the prestigious REIN. Thembi came to Canada from Zimbabwe as a refugee, and bootstrapped her way to becoming a successful investor. Thembi is passionate about helping others and giving back, and on today’s show, we’re discussing the far-reaching implications of creating financial freedom.   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode233

Money can be a touchy subject, but it’s important that couples are able to have constructive conversations about financial goals. We hear from investors all the time who struggle to get on the same page as their spouse. In fact, this is an issue we encountered early on in our marriage.   On this episode of Investing in Real Estate, Natali and I are sharing four tips for effective communication about money. We’ll discuss why money is such a pain point for so many people, and how we’ve been conditioned to think about wealth building.   Book a call with our team: https://goo.gl/dezwHT Show notes: http://morrisinvest.com/episode232

I’ve made it my mission to help others reach financial freedom, and part of that job entails listening to the backgrounds and stories of people who want to build wealth. I can’t help but notice that there are two distinct mindsets when it comes to real estate investing: one is based out of fear, and the other is centered on abundance.   On this episode of Investing in Real Estate, I’ll talk about how our reality is colored by our perceptions. I’ll speak in depth about the two different mindsets I have noticed, and discuss how to start living in an abundance mindset. Don’t miss this episode of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode231

One thing I’ve learned over the years is that being successful in real estate is about more than numbers in a spreadsheet. It’s incredibly difficult to reach financial freedom unless you’re able to step outside of limiting beliefs, and work on personal development. Here to share how you can build a strategy to change your life is Dr. Stephen Graves. He is a strategist, executive coach, and author who works to help leaders overcome the obstacles that hinder them from reaching their potential.   On today’s show, you’ll learn about the importance of self-awareness, and how to make an impact. We’ll talk about metrics other than profitability that factor into success, and how to make sustainable improvements. Don’t miss episode 230 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode230

When we posted the podcast episode about how we’re starting to learn about investing with life insurance, we were inundated with an influx of questions! Admittedly, we are not experts on this topic. We’re just a family learning as we go.   On this episode, we thought we’d sit down with a life insurance expert to field your questions about securing a whole life insurance plan. Joe McCarrie is know as “the Insurance Guy,” and he was kind enough to help us debunk some of the most commonly held misconceptions about the Infinite Banking Concept. Joe is sharing his golden rule for taking out an insurance policy, as well as the ins and outs of taxes and interest rates. Joe has so much knowledge to share; don’t miss this episode of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode229

Are you trapped in the Financial Freedom Matrix? Recently Natali and I watched the Matrix again, and this time I viewed it through the lens of a real estate investor. I immediately noticed many similarities between being living in the Matrix and following traditional advice about wealth building and retirement planning.   On this episode of Investing in Real Estate, I’m sharing how traditional investing is a lot like the comfortable false reality of the Matrix. I’ll share specific examples from popular advertisements, and share some literature you can study to pull away from the Matrix! Don’t miss this episode of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode228

Something I’ve noticed about real estate investors is that most of us have failed in some way. But truly successful investors fail hard and fast, and don’t let their shortcomings stop them from reaching their goals.   Today’s guest, Abhi Golhar experienced tremendous failure early in his real estate career, but has since recovered and found success in the industry. On this episode of Investing in Real Estate, Abhi is sharing his journey into the world of real estate, including how he has reverse engineered his lifestyle. We’ll talk about failing gracefully, purchasing discounted properties, and his personal acquisition strategy!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode227

In my experience talking to investors, men specifically have difficulty being vulnerable. Many of us become consumed by our ego, and feel like we have to put on a façade. In reality, this does us no favors; it keeps us from growing, investing, and building wealth.   On today’s show, I’m excited to sit down with my friend Lewis Howes to talk about his new book, The Mask of Masculinity. We’ll discuss how we as men can hold ourselves responsible, and how to begin responding with compassion instead of reacting negatively. We’ll also talk about setting your intention every day, investing passively, and much more! Lewis has so much insight to share, you won’t want to miss episode 226 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode226

My favorite tax accountant Tom Wheelwright likes to say, “if you’re a real estate investor and you’re paying taxes, then you’re doing it wrong.” One of the top benefits of real estate investing is the enormous overall implication on your tax burden.   On this episode of Investing in Real Estate, I’m sharing eight deductions your tax advisor should be accounting for. I’ll talk about expenses like travel, education, and much more. If you want to make sure you have all your bases covered in order to lower your taxes, don’t miss episode 225!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode225

Reaching financial freedom is not some far-fetched goal. This is a real accomplishment that real people achieve every day by putting a plan into action. That’s why I love sharing the stories of investors who are making their dreams happen.   On this episode of Investing in Real Estate, we’re bringing you the story of Ember Pilati, a new investor who has acquired three properties in just a short period of time. We’ll discuss her route to financial freedom, including her acquisitions process and financing strategy. On today's show, we'll discuss the ins and outs of Ember's journey thus far!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode224

Deciding to purchase your first primary residence is a big step, but so is becoming a real estate investor. If you’ve got the cash and are ready to purchase a home, should it be your own living space, or a rental? On today’s show, Natali and I are sitting down to hash out this question! This episode was inspired by a listener question. And although we aren’t financial advisors, we thought this was an interesting topic to discuss!   On today’s show, you’ll hear us make arguments for both camps, and share the pros and cons of purchasing your primary residence. Don’t miss episode 223 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode223

One of the main pieces of advice I give people is to not fall in love with real estate, and instead focus on return on investment. The reason why I have to constantly repeat this mantra is because it’s really easy to fall into this trap! In fact, it just happened to me this weekend. I almost abandoned my entire real estate philosophy!   On this episode of Investing in Real Estate, I’m sharing my story of almost purchasing a vacation rental in Maine. I’ll discuss how I got an idyllic notion in my head, and how I came back down to reality. This is a tale that all investors need to be reminded of; don’t miss episode 222 of Investing in Real Estate!   Book a call with our team: https://goo.gl/dezwHT   Show notes: http://morrisinvest.com/episode222