Investing in Real Estate with Clayton Morris | Build Financial Independence

The 2018 tax code brought about sweeping changes to the real estate investing industry. From a 20% deduction to bonus depreciation, this tax law offers many incredible advantages to real estate investors. If there’s one person who knows and understands the intricacies of the tax law, it’s our favorite CPA, Tom Wheelwright.     On this episode, Natali and I are welcoming back Tom Wheelwright to discuss the new tax law and what it means for investors! We’ll talk about how to take full advantage of the tax code, how to get the most out of your deductions, and how you can find a real estate savvy CPA! You won’t want to miss this episode of Investing in Real Estate!    Schedule a call with WealthAbility: http://morrisinvest.com/taxes   Today’s episode of Investing in Real Estate is sponsored by ZipRecruiter. Hiring is challenging. But there’s one place you can go where hiring is simple, fast and smart. A place where growing businesses connect to qualified candidates. That place is ZipRecruiter. Right now, our listeners can try ZipRecruiter FOR FREE by visiting ziprecruiter.com/investing.   This episode is also sponsored by SendPro Online by Pitney Bowes! With SendPro Online, it’s easy to save time and money no matter what you send – from packages to overnights and letters. SendPro Online is only $14.99/month, and for being our listener you can get a FREE 30-day trial to get started PLUS a FREE 10 pound scale to help you accurately weigh your packages. Visit pb.com/clayton to redeem this special offer.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode443  

How can you get started investing if you've got a good chunk of savings, but not quite enough to purchase an investment property? That's our topic for today's show, and to be honest, that's how we started our investing careers! On this episode of Investing in Real Estate, Natali and I are sitting down to brainstorm different ways you can become a real estate investor if you have $30,000 in savings or retirement funds.   We’ll talk about finding loans and lines of credit, and other options for financing the remainder of your investment. You’ll learn what to look for in a debt service, and how you can partner with other investors in order to get the ball rolling. If you’re ready to start investing, today’s show is for you!   This episode of Investing in Real Estate is sponsored by SimpliSafe. SimpliSafe is a home security that knows it feels good to fear less. This is award-winning twenty-four seven protection that protects your home through it all. Try SimpliSafe with free shipping, and free returns by visiting simplisafe.com/investing.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode442

Due to a low supply of inventory, many big investors are shifting their strategy, and beginning to build rental communities. Because it’s becoming increasingly harder to find single-family homes to rent, these large companies are instead buying land and building entire subdivisions.   On this episode of Investing in Real Estate, I’m sharing what this change in the market means for buy and hold investors. We’ll talk about housing supply, and how to interpret mainstream news articles. If you want to learn more about the investing market, today’s show is for you!    Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode441  

Getting your start in real estate can be overwhelming. There is a ton of information out there, but many times new investors don’t know where to begin. Today’s guest, Ali Boone, left behind her 9-5 as an Aerospace Engineering career to become a real estate investor.   On this episode of Investing in Real Estate, Ali is sharing her journey from life in a cubicle to financial freedom. She’s sharing her five-step process to become a real estate entrepreneur. We’ll discuss the necessary mindset shifts, how to study material that resonates with you and more!   Today’s episode of Investing in Real Estate is sponsored by Robinhood! Robinhood is an investing app that lets you buy and sell stocks, ETF’s, options, and cryptos- all commission-free.  Robinhood is giving our listeners a FREE stock like Apple, Ford, or Sprint to help build your portfolio! Sign up at http://investing.robinhood.com.    Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode440  

You probably already know the importance of making business purchases in order to lower your overall tax burden. But sometimes, it can be difficult to determine what kinds of purchases can serve as legitimate business expenses. Recently, one of our listeners asked about the idea of purchasing a vehicle as a business expense.   On this episode of Investing in Real Estate, we’re sitting down to discuss the conditions under which it is legitimate to purchase a car as a business expense. We’ll talk about the importance of buying expenses with pre-tax dollars, how to organize your business purchases, and more!   Today’s episode is sponsored by the NoteCast app by EX-IQ! NoteCast is a game-changer. You can use it to subscribe and listen to all of your favorite podcasts, but you can also use it to save portions of the podcast whenever you want—and it even automatically generates a transcript for you. You can download NoteCast for iOS or Android by going to notecast.app, and we’ve got a special offer for our listeners: Try it FREE for 60 days by entering code CLAYTON at signup.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode439  

What’s a better real estate strategy: single family homes or multi-family homes? This is the great debate in the real estate world. Many experts have strong opinions about which strategy is better, and today we’re going to explore my personal thought process.   On this episode of Investing in Real Estate, I’m sharing why I prefer investing in single family homes. I’ll give five major reasons why I believe this is a better path for most investors. You’ll learn about the differences between tenants, the truth about values, and more!   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode438  

One incredible method to get involved with real estate is to buy properties on terms. There are multiple ways to do this, and it can be a great way to purchase affordable properties. Today’s guest has purchased 100 homes in less than three years via this method.    Zach Beach is part of the team at Smart Real Estate Coach, a company that teaches investors how to make money and reach financial freedom. On today’s show, Zach is sharing how he got involved in real estate, and his tips for staying focused in the industry. We’ll also talk about what it’s like to work with a real estate coach, and the importance of staying true to your why.    Today’s episode is also sponsored by the NoteCast app by EX-IQ! NoteCast is a game-changer. You can use it to subscribe and listen to all of your favorite podcasts, but you can also use it to save portions of the podcast whenever you want—and it even automatically generates a transcript for you. You can download NoteCast for iOS or Android by going to notecast.app, and we’ve got a special offer for our listeners: Try it FREE for 60 days by entering code CLAYTON at signup.   Sign Up for the Smart Real Estate Coach Webinar Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode437  

Part of being a successful real estate investor is doing your due diligence year-round in order to make tax time easier. Most likely, your business will have employed multiple contractors throughout the year. The IRS requires that you 1099 any person or business that you've paid more than $600.   On today’s episode of Investing in Real Estate, we're sharing all the details on sending 1099s to independent contractors. You'll learn the tax implications for your business, how to be prepared and organized, and more! Let’s get ready for tax season on this episode!   This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.    Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode436  

Decades ago, real estate agents had access to exclusive data and statistics that were not readily available to the average homebuyer. As new technology emerges and the real estate market continues to shift, real estate agents are worried abut the security of their industry.   On this episode of Investing in Real Estate, we’re diving into the future of real estate agents. We’ll discuss the data on real estate agents, how the industry is changing, and how real estate agents can make a lucrative career in their local markets. Press play to learn more!   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode435  

So you’re ready to take the plunge and purchase your first rental property, but your spouse isn’t so sure? I’ve been there. You’re not alone. We hear from investors facing this same predicament all the time! Chances are, there’s a more financially conservative partner in every relationship, and so it’s no surprise if your spouse needs little convincing. Natali and I experienced this in our relationship, and we want to share with you how we got on the same page.   On this episode, Natali and I are discussing how you can prepare convincing information and facts to help your spouse better understand real estate investing. We’ll share seven specific strategies you can use to get your spouse on board. You won’t want to miss this episode of Investing in Real Estate!   This episode of Investing in Real Estate is sponsored by Audible. With Audible, you get access to an unbeatable selection of audiobooks including bestsellers, motivation, mysteries, thrillers, memoirs, and more. Get started with a free 30-day trial by visiting audible.com/investing or text INVESTING to 500500.   Today’s episode is also sponsored by the NoteCast app by EX-IQ! NoteCast is a game-changer. You can use it to subscribe and listen to all of your favorite podcasts, but you can also use it to save portions of the podcast whenever you want—and it even automatically generates a transcript for you. You can download NoteCast for iOS or Android by going to notecast.app, and we’ve got a special offer for our listeners: Try it FREE for 60 days by entering code CLAYTON at signup.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode434  

Just like any other business model, sometimes in real estate investing, things go wrong. From soured business partnerships to unexpected repairs, it’s inevitable that you will hit a few roadblocks throughout your investing career.   On this episode of Investing in Real Estate, Natali and I are sharing how to keep your cool when things go awry in your real estate business. We’re discussing why real estate can be so emotional, tips for rationalizing through the pain points, and why it’s so important to not overreact. Don’t miss episode 433!   Today’s episode of Investing in Real Estate is sponsored by Pitney Bowes! SendPro Online by Pitney Bowes is an online software that helps you save time and money no matter what you send. SendPro Online is only $14.99/mo, and listeners can get a FREE 30 day trial when you visit pb.com/clayton.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode433  

Every great collaboration is a love story. It’s intense. Passionate. Along the way, there are flashes of love, hate, pride, ego, ambition, and brilliance. This is One Plus One, the show about the spark that drives two original thinkers to ultimate success. We’ll unearth the stories of Paul McCartney & John Lennon, Frida Kahlo & Diego Rivera, Beyonce & Jay-Z, Shaq & Kobe, and many more, and learn what it is about their chemistry that led them to greatness. Subscribe to One Plus One today at wondery.fm/b

Do you love the idea of getting started in real estate investing, but simply lack the motivation? It’s easy to come up with excuses, but if you’re serious about creating financial freedom, you’ll have to leave procrastination behind and get motivated.  On this episode of Investing in Real Estate, I’m sharing simple five-step action plan you can use to channel your motivation and reach your goals! You’ll learn about banishing distractions, getting clear about your goals, and much more. Come along for episode 432!   This episode is also sponsored by NetSuite by Oracle, the business management software that handles every aspect of your business in an easy to use cloud platform. Right now, NetSuite is offering you valuable insights to overcome the obstacles that are holding you back - for FREE. Download the free guide, Crushing the Five Barriers to Growth at netsuite.com/clayton. Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode432  

If you want to take control of your retirement accounts, a self-directed IRA could be a great option for you. A self-directed account allows you choose what types of investments you think will perform best, instead of letting your custodian choose for you.   On this episode, Natali and I are sitting down with our self-directed IRA expert, Hayley Neeley! Hayley is here to help us answer your questions about how to maximize your account! We’ll talk about the finer details of how to invest in real estate with a self-directed IRA, and how to become empowered in your wealth building! Don’t miss this episode of Investing in Real Estate!   This episode of Investing in Real Estate is sponsored by SimpliSafe. Fear has no place in a place like home. That’s been SimpliSafe’s mission since day one. Protect your home today, and enjoy free shipping on any system order by visiting simplisafe.com/investing.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode431  

In 2018, I left a six-figure career behind by replacing it with passive income. This was a very intentional decision. Specifically, this decision occurred after I learned a very powerful lesson about money.    On today’s show, I’m sharing how I changed my money mindset, and became focused on purchasing performing assets. You’ll learn about the false security of a paycheck job, and how to trade active income for passive income. Please join us for episode 430 of Investing in Real Estate!   Today’s episode of Investing in Real Estate is sponsored by Handy, the easy and convenient way to book home cleanings on a schedule that works for you. With Handy’s clear, upfront pricing, what you see is what you pay. And you can pay securely on the app—no need to worry about cash or checks. To get your first 3-hour cleaning when you sign up for a plan, visit handy.com/investing and use promo code INVESTING during checkout!    Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode430