Maximizing Your Profits: Single-Family or Multifamily Investments? | Morris Invest

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com

Maximizing Your Profits: Single-Family or Multifamily Investments?

✅ 💥 Best Way to Invest in Gold Lear Capital ⚡️
👉 Call them today at tel:800-450-1008
👉 or go to https://LearMorris.com
⭐️ Get your FREE Gold and Silver investor guides from Lear Capital
⭐️Receive up to $15,000 in FREE bonus metals with a qualified purchase

❓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 Consider When You’re Thinking About Diversifying
There’s a big difference between diversifying and getting distracted. When it comes to real estate investing, it’s easy to get caught up in shiny object syndrome! I can’t tell you what to do with your money, but I personally believe in staying on a proven course. It might be attractive to buy a multifamily unit in NYC, but if you have a proven record in a landlord friendly market, you’ll likely see the most success if you stay the course.

Here are some things I’d consider before diversifying into multifamily units in a bigger market:

What does the demographic data look like?
How much will your tax bill increase?
How many more single-family properties could you buy instead?
Do you plan on living in the property?
What are the state and city laws for landlords?

How to Get Started in Real Estate with Bad Credit
There are three things you need to get started in real estate: money, people, and a deal. So if you don’t have money, you’ll need to work on making connections and finding deals. Consider wholesaling, working with private lenders, or getting approved for non-recourse financing. Having a bad credit score might be a disadvantage, but don’t let it stop you from reaching your goals.

What You Need to Know About Transferring Money Into a Self-Directed Account
Transferring from your 401k into a self-directed IRA should be quick and painless. The new account can be set up in a matter of minutes, and transferring the funds should only take a few business days.
-----------------
#claytonmorris #morrisinvest #investment

About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.

Website- https://morrisinvest.com/
LinkedIn - https://www.linkedin.com/company/morris-invest/
Twitter - https://twitter.com/Morris__Invest
Facebook - https://www.facebook.com/MorrisInvest
Podcast - https://podcasts.apple.com/us/podcast/investing-in-real-estate-with-clayton-morris-investing/id1115024566
-----------------
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.


Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/why-reits-have-been-crashing-this-year