Buying Rental Properties with Credit: Good or Bad? | Morris Invest Live


Buying Rental Properties with Credit: Good or Bad? | Morris Invest Live

On this live stream, Clayton and Natali Morris are answering your questions on the topic of credit and financing. You’ll learn about buying rental properties with credit, and how to evaluate financial products.

Here are the questions for the topic of credit & financing that we’re tackling:
How do you get started without using credit?
Is there a difference between personal debt (credit cards, car loans) and business debt (to finance rental property)?
Is there a proper way to classify debt, like, “good” and “bad” debt?
Do I need to get out of debt before I start investing?
How do you find capital?
Private money presentations: how to build relationships and confidence?

Resources Mentioned:

Investing in Real Estate Podcast: https://goo.gl/zrdb4V

The Power of Self-Directed IRAs – Interview with Scott Maurer: https://goo.gl/rIV26s

Tom Krol Wholesaling: The Easiest and Fastest Way to Make Money in Real Estate: https://goo.gl/A0463o

CapWest Home Loans: https://goo.gl/gYd53W

MB Financial: https://www.mbfinancial.com/

Real Estate Investing Mastery Podcast with Joe McCall: https://goo.gl/wo7DJv

How to Calculate ROI on a Rental Property: https://goo.gl/i2QTR0

Using Business Credit Cards to Buy Rental Properties – Interview with Mike Banks: https://goo.gl/znEcQL

The Millionaire Real Estate Investor by Gary Keller: https://goo.gl/aBLxij

Lima One Capital: https://goo.gl/ZhkH0m

Freedom Cheat Sheet: https://goo.gl/TRjeMH

You Can Make Money with Low Cost Rental Properties – Interview with Robert Shemin: https://goo.gl/CyHq0C

Six Ways to Invest with Your Money Right Now: https://goo.gl/Zatd66

Natali’s website: https://goo.gl/cXlFgC

Private Money Series: https://goo.gl/7q2KOJ

BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0

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20 Responses to Buying Rental Properties with Credit: Good or Bad? | Morris Invest Live

  1. Yolando Mitchell Brown

    Great questions thanks Natali

  2. el conquistador

    Morris Invest I am new to rei and I need to know if I invest with you do your houses appreciate enough or should I say appraise at or above cost to start the BRRRRRR ; because I hear it is hard to get lender cash refinance with that low amount or anyone on this who reads it and knows? Thanks Rob

  3. Will Zena

    what do you use these business credit cards for after the 0% interest promo ends? what is your strategy from that point forward?

  4. Eugene Meadows

    Its Eugene from Enid, OK. I want to get stsrted the right way.

  5. obalajadia

    Thanks for this video. Lots of info. There are many features on it that don't apply in a non-USA context like mine. But I am pretty sure your information is helping a lot of people who do investment in your country. Where I live, real estate investors don't really socialize or meet each other, like what you guys do there like you have a society or network of sort, we don't do that, because where I live all deals are done between established property agencies (millions of them of different shapes and sizes). You want to buy a property, go to their agencies and see what is in their catalogs. You want to flip properties, you go to these agencies. They broker between the investors and clients. You want to sell a property? Put it in an agency, they will process all things for you. You don't need to drive here and there. When all papers are done, they will call the investor and client, and the signing of papers begin, and they all go out of that door all deals sealed.

  6. Keff Wold

    Thank you so much for your help .I am listening to you guys carefully and want follow the steps to buy some family homes and start the snow ball rolling.
    Thank you again for taking your time to do this for free.
    God blesd

  7. Inside Naomi

    I'm from Milwaukee! Seeing how I should get started

  8. Joe Gonzalez

    Hey Clayton! Question: Let's assume that vacancies are low with your rentals and for the most part so are repairs. Is there ever a time that you put some of your ROI reserve funds back into your regular account?

  9. TANKMACHINE 12

    I agree typically i like to stay away from People that talk negative on great potential situation in life. Because it can affect your way of thinking.

  10. rc2204

    you mention the amortization calculator and reference it in the book. i was under the impression there would be a link to a download for this. is this something you provide?

  11. Re3iRtH

    Come on, people in "A class" neighborhoods lose their jobs in a down economy. So doctors, attorneys, and business executives with $1-5M in cash and stocks lose their homes in a recession? Come on guys! You are a sweet couple but let's not talk nonsense.

  12. Killed Fromafar

    I enjoy your videos and the info you share. But also, I must admit that Natali is beyond adorable – which keeps me coming back.

  13. Fredie Robinson

    Great podcasts/youtube videos! I listen to you all the time. Do you have a spreadsheet that shows the prices you pay for home repairs for a normal 1000-1500 sq ft house? Like the roof, furnace, central a/c, widows, ect? I would like to compare the prices I've been quoted to see if I should be looking for a better deal. Thanks in advance!

  14. Dennis Saunders

    Closing cost cheaper when paying cash? How much cheaper? (I.e. On 40k property)

  15. Carol McKee

    Clayton & Natali
    Thanks for your very informative videos. I am in the market (FLORIDA) to buy a single rental home bc I am 66 yo/retired and only have enough to buy one and in no shape to rehab. As it is, I live in a mortgaged house, saved my cash to buy a goose! I do have great credit, though.
    I am a little skittish to buy manufactured home even though those are more plentiful in my price range- do you agree?
    I am REALLY being cautious about this purchase, maybe I have a touch of analysis paralysis.
    Anyway, I like your attitudes! Not just about making money, but acknowledging our renters are people. I am a little afraid that I will be too lenient with folks, but I have a RE agent friend who is willing to guide me. I am surely driving her crazy with my pickiness.
    I will check out your website & podcast.

  16. lioudmila tokmakova

    thanks for the great video!

  17. Robert Medina

    Hi Clayton, do you have a couple of good referrals for Attorney/CPA firms to set up the appropriate legal structure? I will be working in multiple states, buying notes, rentals and flips, so, I want to ensure that I start off with the ideal foundation from an asset protection perspective as well as tax mitigation. Thanks for a great show! RM

  18. Olu Laniyonu

    Hey do you all have videos about choosing your property mgmt team or any other 'team members'? Or even where to look for those resources?

  19. William Smith

    Is the freedom number based on cashflow or is it based on projected returns after owning the properties outright?

  20. Brian Schoedel

    Just discovered your channel and has re-inspired me. Watching here from Naples, FL.