Hellow guys, Welcome to my website, and you are watching The Best Ways to Buy Real Estate in 2024 | Morris Invest. and this vIdeo is uploaded by Morris Invest at 2023-12-12T08:00:23-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The Best Ways to Buy Real Estate in 2024 | Morris Invest |
| Video Uploader | Video From Morris Invest |
| Upload Date | This Video Uploaded At 12-12-2023 11:00:23 |
| Video Discription | 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com In this video, I’m going to share some of the best ways to buy real estate in 2024. We’re going to cover a few ways that our clients at Morris Invest are building out their portfolio, and touch on some of the main benefits of buying real estate right now. ❓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 ----------------- -Conventional mortgage. There’s a reason why the 30-year mortgage has stood the test of time. It’s a great product whether you’re buying your primary residence or a rental property. Over the past few years, we’ve seen rates everywhere between 3 and 8% -- and the conventional mortgage has remained smart investing move through it all. If you can buy a single-family home or duplex that is cash flow positive and in a solid rental market, it’s a smart investment. It is a good time to get locked into these current rates. Smart investors look for reasons to buy now, and this is one of them. Start building your equity, build out your portfolio, and get the tax benefits of investing now by utilizing a conventional mortgage. -The self-directed IRA plus a non-recourse loan. If you’re a candidate for using retirement funds to invest, combining a non-recourse loan with a self-directed IRA is an incredibly powerful formula for building wealth. Now, this is a bit of a complex topic. I’ll do my best to explain quickly and thoroughly, but if you want a full breakdown, I do have another video that dives into all the complexities. It’s called The Ultimate Self-Directed IRA Strategy to Build Wealth. https://bit.ly/3UUspYD Here's a quick rundown of how it works. A self-directed IRA is a retirement vehicle that can be used to buy a wide variety of assets, including rental properties. Let’s say you’ve got $50k in a self-directed IRA and you want to buy real estate. You can use those funds as a down payment and finance the rest with a specific loan type called a non-recourse loan. A non-recourse loan is based on the value of the property and is not tied to your personal credit. In general, a non-recourse loan can be hard to find and tricky to qualify for… but at Morris Invest, we have new construction rental properties that have been approved for non-recourse loans. When you pair a self-directed IRA with a non-recourse loan, you’re paying down the loan’s principle inside of a tax-deferred vehicle, and exponentially growing the equity inside of the IRA. There’s truly no better way to leverage in 2024. -Multifamily home loan. Now here’s a really interesting strategy… Fanny Mae recently introduced a new policy change. Effective November 18, 2023, Fanny Mae is accepting down payments as little as FIVE PERCENT for owner-occupied multifamily homes—that’s anything between a duplex and four units. This is a fantastic opportunity for anyone who is looking to house hack. That means you buy a property, live in one unit, and rent out the remaining units. House hacking isn’t for everyone, but if it’s something you’re open to, this is truly a great opportunity to start building your portfolio. Imagine getting into a rental property with just 5% down, and then eventually snowballing that equity and continuing to buy rental properties until you’re financially free. ----------------- 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. |
| Category | Education |
| Tags | real estate investing | real estate investing 101 | the best ways to buy real estate | the best ways to buy real estate in 2024 | self-directed ira | non-recourse loan | multifamily | conventional mortgage | interest rates | building wealth | how to buy property | retirement accounts | self-directed account | 2024 | buy real estate | ways to purchase real estate | build wealth through real estate | start buying real estate | 2024 real estate market |
