Get Started Real Estate Investing: 8 Ways to Fund Your Deals

Get Started Real Estate Investing: 8 Ways to Fund Your Deals

“Getting Started with Real
Estate Investing, Eight Ways to Fund Your Deals.” Hey, everyone. I’m Clayton Morris, longtime
real estate investor. I’ve done thousands of
deals and last year, retired from my day job. I was still kind of doing it. I enjoyed working in the TV
biz, but said, you know what? I don’t want to get up at 4:00
in the morning every morning. I want to now focus
on passive income and helping other people
build financial freedom. And so that’s what this
channel is all about. If you go out there and
take action yourself or you work with us,
I don’t really care. I want you to change your life. That’s the whole goal. So when I get out of
bed in the morning, my goal is to try to help people
take control of their finances. I want you to be able to
go home tonight, sit down around the dinner table,
talk to your husband, talk to your spouse. And I want you to find some
little nugget that I give you today that could maybe move
you in the right direction to change your
life, whether it’s pay down debt or buy
a rental property or just start to think about
your balance sheet differently. That’s the whole
goal of this channel. So please subscribe
if you are new here. We’ve got a lot of great
people who watch our channel. So thank you so much. Today, we’re going to dive
into eight different areas, though, that I want
to talk about on how to fund your real estate deals. Now, here’s the thing
at a high level. When you’re done
with today’s show, there should be no excuses. And I don’t want
to be harsh here, but sometimes you need to be. Because there are people– and I’m not saying
you are one of them. I’m not saying you
are one of them. But I’ve known people who will
find every excuse in the book to take action. They will simply
not take action. Now, I’m going to
give you eight ways today that you can
take action to start investing in real estate. And if you still find an excuse,
if none of these work for you, then you’ve got to
even be more creative. Because I’m not going to
give you an exhaustive list. There’s a few more
ways beyond the eight that I’m going to talk about
today that you can still try to go out and take action
in real estate investing. But one of these should
resonate with you. One of these should
enable you to take action. OK? So let’s start. Number one, cash. That’s the easiest. So if you’ve got cash
in the bank, remember, that cash, that fiat currency
that you’re currently sitting on in the bank, will
be worth less than it is today as we experience inflation. I’m reminded of something
that Robert Kiyosaki told me. He handed me a plaque one
time when I was at his office about a year ago. It was an amazing,
amazing moment. He showed me the peso. And it was given to
him by the high– maybe it was the
president of Mexico. I forget exactly. And it was put in a plaque. And he had five
pesos in this plaque. And what he showed me
was so fascinating. He said that, you think
that each of these pesos is worth the same amount, right? Right. But guess what. The amount inside,
the amount of metal, the amount of precious metal
inside each one of these pesos, had decreased over time. So basically, the most recent
version of the peso was worth– you could make it
out of aluminum. And so it’s worth the same
from a government perspective, but it’s actually worth
less from a precious metals perspective, if
that makes sense. So the point is that $1 in
1960 is worth way less today. $1 in 1960 is worth
way less today. I love watching those 1950s
programs where little Dennis the Menace is running around
and he’s working all day just to get a dime. He’s being paid in a dime. Would you work all day
today for a dime as a child? No. My kids would say, give me $1. It’s the power of inflation. So that cash is sitting
in the bank right now. And you’re thinking, OK, how can
I make this $50,000 work for me or how can I make this
$30,000 work for me or how can I make this
$100,000 work for me? If it were my $100,000, I would
immediately be thinking about, how can I convert that
into a performing asset? I would immediately
start to think, how can I leverage that $100,000 and maybe
put a couple of down payments on some rental properties or buy
two of them for cash outright, so now I fully own them? I’m not a big fan of
having to carry debt. So being able to
pay cash and owning these physical
properties flat out, where they are now
producing $800, $900 a month in cash flow, that’s a win. And now what you’re
doing is you’re putting your cash into
a performing asset that is a hedge against inflation. How does that work? Why is that a hedge
against inflation? Well, because as the
dollar decreases– if it was just sitting
in your bank account not doing anything, not
working for you at all. Now, you’ve turned
that into a performing asset where it’s spinning
off monthly cash flow to you. You’re also getting
to claim depreciation. You own a business. So you’re getting all of the
tax benefits of real estate by turning that cash
into a performing asset. But it’s also a hedge
against inflation because as the dollar is worth
less, the value of real estate goes up. And it is often historically
a hedge against inflation. John Shaw writes about
it in his amazing book. Gary Keller writes
about it in his book. Robert Kiyosaki writes
about it in his book. It’s a hedge against inflation. So that’s why so
many people right now are putting their money
into tangible assets. Deloitte just had a big survey
that came out this week– I just shot a video on
it, it will be out soon, but where we deep dive and
talk about where real estate investors, big-time
real estate investors, are putting their money. So they did a survey. 97% of them said
they are going to buy more real estate in 2019. Over the next 18
months, they’re going to acquire more real estate. Why? Because they see it as a
hedge against inflation. And structurally,
getting that cash flow from these assets,
these performing assets, makes the most sense for
them, that over the long term, they still see an incredible
growth in owning property. What they also found is
that people that own stocks, they said if they owned a REIT
or they owned other things, they are running for the hills. They’re getting their
money out of it. They don’t want to be owning
real estate investment stocks because those
are not real assets. You’re owning a piece of a stock
that may invest in real estate. And it can go down
to $0 in value. So they are moving
their money out of those and into real assets. So if you’ve got
cash sitting there and you don’t know
what to do with it and you’re thinking oh,
should I buy some stock, should I do these other
things, my advice to you would be find out
how you can either buy real estate or a business. Investing in a business or real
estate, that’s my suggestion. So cash. Cash is the most obvious way. But a lot of people
just think, oh, I’ve got that little savings,
that little kitty that I had saved up. And you’re thinking, I’m
not going to touch that. That’s my rainy day
fund, my $50,000. OK. What if that $50,000 could
produce $800 a month for you? No excuses. Turn that into $800 a month. Now you own that
asset free and clear. And then refinance it, pull
that equity back out of it, and buy a second property. So now you’ve turned that
$50,000 into a performing asset and you’ve added
to your net worth. And you can continue to do
that and recycle that money by refinancing it and
pulling that money back out and creating an infinite
return for yourself. So cash, number one. Number two on my
list is a bank loan. Now, if you are buying
it in your own name, you can buy up to 10 investment
properties with an FHA program. And that’s fine. Go ahead and do that. Leverage the local banks. Work with local banks. Historically, right
now, interest rates are still at a historic low. They’re still very, very low. So don’t let these little
tick-ups in interest rates scare you. Get a 30-year fixed,
get a 15-year fixed loan on an investment property,
and start to leverage other people’s money,
i.e., the bank. Find a great property,
a B class property. Now, so here’s a
little key for you. Typically when you’re
looking to work with a bank, you’re going to want to try
to find a property that’s already renovated. So banks aren’t typically going
to lend to you on a property that’s not renovated. They’re going to want to
see that it has its value. So they’re a little
trickier to work with. But again, if it’s not your
money, what do you care? So you have to jump through
some more hoops and hurdles. You have to fill
out some paperwork. And I know my wife likes
to joke that she likes to pull her hair out every
time we end up doing a loan because banks, yes,
will come to you and they’ll say, no,
that’s everything. And then they’ll
come back to you and say, oh, we
forgot a few things. We need this paper or we
need this income statement and these other items. So work with a bank. It’s not the scariest
thing in the world. And guess what. You own that in your own name. And then you can work with
a partner like our team over at Corporate Direct. Just visit our website at and a team at Corporate Direct, that’s
Garrett Sutton’s team, they’ll help you move that into
an LLC where it won’t trigger any kind of due-on-sale clause. So they’re very
strategic about that. And then you can
buy more properties. Use those properties that
you’ve worked with the bank and let the tenant pay down that
mortgage on those properties. You’ve added to your net worth
and you’ve gotten a property. So cash, working with a bank– doesn’t have to be scary. I’m not a huge fan of doing it. But look, if you’re out
of other options, do it. Take action and do it. I know so many
investors that they started by working with a bank
for their very first property. And they refinanced it and now
they have 2,000 properties. Speaking about a friend
of mine, his name is Abe, and he lives here in New Jersey. And he did that. He started with one property. He fixed it up. He worked with a
bank, refinanced it, and he snowballed it into
over 2,000 properties. So if he can do
it, you can do it. He was in the same
position I was and he might be in the
same position you are. No more excuses. Number three on my list is a
home equity line of credit. Spoke to an investor
this week super excited that he is now– he’s
got a house worth $250,000. He bought it for $89,000. He’s lived in it. And he’s going to do a
home equity line of credit on that property and he’s
going to buy three investment properties with it. So he’s turning the equity
in his own primary residence into a performing asset. Now, the home equity line
of credit is, as you know– I’ve written a book on it–
is one of my favorite ways of buying rental properties. Why? Because it’s a different
type of interest. It’s a different type of loan. It’s not a mortgage. It’s not a 30-year
amortized mortgage. So it works like a
credit card does. You work with a local bank,
you get a home equity line of credit, not a check. You don’t want a home
equity loan, where they give you a lump payment. You want a Line Of
Credit, an LOC, OK? And it’s going to start
with a zero balance. Now it’s up to you to use it. So you might then buy
that first rental property for $50,000, $55,000. And that’s going to produce
$800 a month in rent. Great. You just used the
equity in your house to buy a performing
asset that the tenant is going to pay back. So now you may have a
$300-a-month payment to pay back the HELOC. Great. And you’re cash flowing $800. Do you see how this math works? Do you see how
people become richer and smarter by
doing this strategy, by using a home
equity line of credit? It’s one of my favorite tools. I get the question so
often, though, from people– and I’ve, again,
written about it in our book on how to pay off
your mortgage in five years– we’ll have links below
for you to check that out. The question I get a lot,
though, from people, is, well, OK, I have a mortgage and I
want to buy investment property. Should I just do
one or the other? And my answer always is,
it’s up to you, of course. It’s your HELOC. But Natalie and I decided to use
our home equity line of credit that we had– I think we had about an
$80,000 home equity line. And we used a portion of it
to buy a rental property. And we used a chunk
of it to pay down the principal balance of our
primary mortgage using my ninja strategy for paying
it off quickly. So using the HELOC
for both– you don’t have to go
one over the other. You can use it for both. So using a home equity
line of credit– and even if you don’t use it for
anything, you’ve got it there. It’s like a sword. This HELOC is like a sword. And it usually lasts
10 years until a bank wants to re-up it again. And you can use it for
any number of things. And very often, local banks will
give you an introductory rate. So work with a local bank for
a home equity line of credit. Like I said, the
one that we’ve got had a 1.9% introductory rate. Right now, it depends
on the economy and where the
interest rates are. You might find an
introductory rate of 2%, 3%. I don’t know. But talk to your local bank. Get that introductory rate. And just get started. Use a HELOC to buy your
first rental property. All right. Number four on my list
is the self-directed IRA, the self-directed account. Now, I know many of you have
asked this question, OK, well, should I take a 401(k)
and roll it over to a self-directed account? And the answer is
yes, you should. I mean, again, check with
your accountant, but make sure your accountant understands
real estate investing. So Jim Rickards writes about
this in his book Road to Ruin. And he’s asked the question
by a girl in a audience and she says, look, I work a
W-2 job and I’ve got a 401(k). What should I do? And he looks at her and
he says, you should quit. Take that 401(k), roll it over
to a self-directed account, and then start to go into
business for yourself. Because people who work
for themselves and own a business are taxed at
a way different level. The people that
are taxed the most and are actually set up to
fail the most in this economy, by this tax code, are people
that work a W-2 job, sadly. That’s just the truth. That’s not me being mean. But that’s just the truth. If you work a W-2
job and you have a 401(k) and that’s
all you do, you are set up in the
worst-case scenario. That’s the way the
government taxes you– you’re set up the worst. So take that
401(k), roll it over to a self-directed account,
use that self-directed account to buy real estate. And we’ve got a whole team that
we work with– we’ve had Haley here on the show
from our team– who walks you through how to set
up a self-directed account. Check out that full episode. We have a full episode
on how to use– or the ultimate
self-directed IRA episode. Please watch that because
we deep dive how to do it. So I’m not going to get into
the nitty-gritty of the how. But I will say, using a
self-directed account, yes, you do not get all of
the tax benefits of buying real estate inside of the
self-directed account, but you do get that
tax-free rent and income. So imagine having
a property that you buy inside of your self-directed
account with your 401(k) that’s sitting there
doing, I don’t know, 2%, 3% in the stock market. And now you can get 9%,
10%, 11%, 12% return with a self-directed account. All of that income coming
in from your tenants is now tax-free. It sits in that account. When you cash it out at
59 and 1/2, guess what. You don’t pay any taxes on it. That’s beautiful. It’s a beautiful vehicle. Yes, you do not get
to claim depreciation and some of the other
things, but that’s OK. You can still use that
self-directed account in all kinds of creative ways. You could issue
mortgages and notes to other people, other
real estate investors. You can do all sorts
of creative things with a self-directed IRA. Don’t let that hold you
back just because you can’t claim part of the
depreciation and other elements on your taxes. It’s still building
up your net worth so that when you
are 60 years old, you’ve got an
incredible nest egg. You’ve got an incredible
net worth built up, and all of this cash
flow that’s tax-free. So using a self-directed account
in order to buy real estate, you can do it. So that would be my advice. Number five is using unsecured
credit, unsecured credit. Now, we’ve talked about
this here on the show. We’ve had on our show before
the team from Fund&Grow. So you can use
zero-interest credit cards to buy real estate. Now, Robert Kiyosaki, the very
first property he ever bought was with a credit card. So many people are able
now to leverage credit and it doesn’t have to
be in the form of a loan. And it’s so much easier. So if you go to our website
at, you can watch a full video
with the team from Fund&Grow. You sign up with
them and then they are able to issue you
business credit cards with 0%. And if you sign up
through our website, you get $500 off, by the way. So Natalie and I were
able to get $175,000 of 0% credit to use to
buy real estate. Now, you might not have to
use it all for real estate. You could use it
for other things. You could pay down an 18%
credit card or a student loan. And then you work
with their team because then they can
even roll it even further. After the 18 months are up and
the interest rate would go up, they can even roll it into
other 0% interest cards. So again, check out
that full episode with the team where we
deep dive that strategy. But again, using
that and then being able to pay a title
company to close on a rental property with
a business credit card and with points,
rewards points– so think about
that for a second. You could literally travel, take
vacations, virtually for free by using business credit cards
with a 0% interest because you bought a performing
asset with it. And I’m going to be doing
much more on this subject because I am super
excited about the way that– we were sort of
analyzing our points, rewards points, airlines
points and all of that stuff. And because we’ve been able
to use it to buy real estate, we’ve been able to
travel for free. We’ve been able to
use cashback rewards to pay down our principal
balance on our mortgage. So there are all sorts
of amazing things you can do if you start to
look into that strategy. And I’m not saying
it’s for everybody. But it’s a supplement. It could be that you use
a portion of all of these. You’ve got cash on hand. You’ve got a home
equity line of credit. You work with the team from
Fund&Grow and get a few credit cards. So maybe you get $30,000,
$40,000 to work with. And you have then a– it’s the holidays. You have a cornucopia of
different options to work with. Now, I should say I
have done all of these. All eight of these, I have done. So that was number
five on our list, getting unsecured
credit with Fund&Grow. Number six on my
list is the 401(k). So now, maybe you do
not want to transfer it out and move your 401(k) over
to a self-directed account. I know we had a question
about that earlier. So you could take that 401(k)– I’ve bought couple of
properties this way. I think three properties,
I’ve purchased using this method alone. It’s the 401(k) loan. I’ve talked about this
before, but once you start thinking about all
these different ways you can buy real estate, there
should be no excuses. So you might have a
401(k) with $30,000 in it. If it’s with Fidelity or
Wells Fargo, whoever it is, you can go on their website and
you can do a loan to yourself, not a withdraw,
where you’re being charged penalties, but a loan
to yourself, for that $30,000. Then it’s paid back
out of your payroll. And you can determine
the length of time that you want to pay it
back, two years, three years, whatever you want to do. But the point is
you pick the terms. And you’re paying
it back to yourself. You’re paying it
back to yourself. So it’s the bank of you that’s
getting this 401(k) loan returned to yourself. So you’re not borrowing
it from a bank. You’re borrowing it from you. So that interest that
you’re accruing is to you. You see, it’s a double
whammy and the double benefit of doing this. So then you can go
and use that $30,000 to purchase real estate. You could use that plus
$10,000 from your HELOC plus some cash on hand and get
your first performing asset, get your first property up
and rolling and cash flowing. And guess what. Now you own property
free and clear. Because if you used your 401(k)
loan, that’s like using cash; you used cash– that is cash; you used a
little bit of your HELOC, then it’s essentially
a cash purchase. Yes, you have to
pay back your HELOC. Yes, you’re going to
pay back your 401(k). But now you own that
property free and clear. It’s cash flowing
with a tenant in it. You could then refinance it,
pull that equity back out again. You could pay off those loans,
use the little bit of leftover, and buy your second property. It’s just a matter
of how creative you are in this endeavor. If you’re not creative
and you want someone to just hand you
a pile of money, then this isn’t
the show for you. It’s just not how it happens. You have to be tenacious. You have to go after it. You have to want this. You have to want
financial freedom. You can’t just sit there
and think all of this is just going to happen for you. So please use the 401(k). If it’s sitting there
doing nothing for you and you can borrow
from it, please do. Every bank will let you do
that, even military retirement accounts. So we’ve had a lot of military
members here on the show and they’ve weighed in. And they love doing
that, as well. So it’s set up a
little bit differently, but you can borrow from your
military retirement account just like your 401(k). All right. Number 7 on my list
is the 1031 exchange. Again, if you visit our
website, we have a whole guide at where
we walk you through deeply how to use a 1031 exchange. But let’s say you’ve got an
investment property you already own, but it’s not performing. We work with a
lot of clients who own a property in
Arizona or California or something like that. And they own it. It’s worth $800,000. But the ROI is terrible. So the return on
investment is awful. They want to take that $800,000
and then put it into a 1031 exchange and exchange it
for multiple high return on investment properties. So many people do that. So using a 1031 exchange– we
won’t go too deep into that because it’s not for everybody. But if you have those assets
that are not performing, now’s the time to think about
selling them off, taking them through the 1031
exchange program, and then using the benefits
of that 1031 exchange to not pay any taxes, then, on
the sale of those properties, not paying capital gains. And then you get to
transfer that profit into the purchase of
new rental properties without paying capital gains. That’s the beauty of a 1031,
exchanging, exchanging it for these other assets. I love the 1031 exchange. It’s a really powerful tool. Again, not for everybody. You can’t do it with
your primary residence. So if you are thinking
about transferring, it might not be the time. But we did have one
question earlier, and this is a question that you
want to ask your 1031 exchange person. But someone said, look,
I lived in this property. I’m going to turn it
into a rental property. I want to put it into an LLC. So now, you can’t have
lived in that property, I believe, for one year. So you move out of the
property for one year. You’ve turned it into
a rental property. And it’s not performing very
well and you want to sell it. Then you can use a 1031 exchange
to not pay capital gains on that money, on the
profit of that sale, and then roll it into additional
investment properties. So couple of different tricky
ways to work with it on that. So that’s number
seven on my list. And then number eight. This might be close to being the
most accessible for all of you, and that’s using hard
money or private money. Private money is calling
up Uncle John, Uncle Timmy, and saying, hey, I have a deal. I’m working with Morris Invest. I have a property. It’s $53,000 and
I’d like to buy it. Uncle Timmy, can I
borrow some money? We’ll put a promissory note
together at the title company. Very, very simple to do. And he’ll say, sure, son. I’m happy to do that for you. And I’ll just charge you a 2%
interest because I love you. OK, great. And let’s do, I don’t know, a
five-year note because by then, it’ll have paid off. In five years, five,
six, years, you’ll have that paid off by using
the tenant to pay it down. Great. That’s private money. Super simple to do. They’ll set up a promissory
note on the property. Uncle Timmy will probably
take first position as the mortgage holder. So God forbid, you run off to
Argentina and don’t pay it, he’ll just foreclose on
it and take the property. No harm, no foul. So we do these all the time. That’s private money. That’s the easiest thing to do. There are so many
people out there who are willing to work with
you on a private money scale. There is so much money
out there right now. So many billionaires
and millionaires are pulling their money
out of the stock market and investing in real estate
and they want to own notes. And some of them don’t want
to own real estate at all. They’d rather be owning notes. You just have to find them. You just have to find them. Go to LinkedIn. Go to LinkedIn and search for
“private money” or “hard money lender.” Look for private
money lender first and then we can get
into hard money. You’re going to find people. And you don’t
just, I need money. Start to develop a relationship. Get on the phone with them. Ask them out to lunch. Look for them in
your neighborhood. Get to know them. Say, hey, I’m just
getting started in real estate investing. I found this deal. And I only have 20% that
I can put into this deal. I’m wondering if you would
carry a note on the balance. And if they’re savvy
enough, they’ll say, great, let me let
me look at the asset. They’re not really going
to care about you so much. They’re going to want
to know that you’re a respectable
human being, you’re not going to run off
to another country. But they’re going to
mostly look at the asset. So we’ve put together
an entire video series on how to do this, on how to
talk to them, how to call them, how to present
your deal to them. Again, there’s no excuses. We’ve done all the work for you. It’s all here. We have a whole video series,
five-part video series, called the “Private
Money” series. We walk you through step
by step how to do this. And it could involve just
going to a local meetup by going to, talking
to some local investors. And there is so
much money out there that you are going
to find somebody. You’re going to develop a
relationship and find somebody. We did a case study
episode a couple of years ago on our podcast with
a guy from England. He worked in
software engineering. He didn’t know anything
about real estate. And so we walked him
through this process. I did some private
coaching with him. And I said, here’s what
you’re going to do. You’re going to go
find a private lender. So within a week, he’s like,
I want it; I’m going to do it. He went, he found
a private lender who was willing to invest. And he didn’t even know
the guy ahead of time. He developed a relationship,
took him out to lunch. And guess what. He ended up developing
this relationship where the guy said, yeah, I’m happy to
lend you up to 80% or even 90% if you bring a good deal. He did. He found a great deal. We got him an awesome property. And then he was able to
set up and get funding from this private lender. And guess what. This lender then wanted
to do more deals with him. So that’s the beauty
of private money. Watch it. Embrace it. Take it. Run with it. The power of private
money, I think, is probably the best out there. The other is hard money,
so working with hard money lenders, more institutional,
hard money lenders– think of a hard money
lender as like a hedge fund. It’s a group of people that
pool their money together and they will do loans, so a
Lima One Capital or LendingOne or there’s any number of them
that float around out there. And they may allow you to– the interest rate might be 6%
or 7%, something like that. You’re going to
pay a point or two when you close on the property. They are going to have a
minimum threshold sometimes. They won’t allow you to buy
a property below $50,000 because they may
see that as riskier. So $50,000, $60,000
$70,000 property. You work with a
hard money lender. You do a five-year
loan with them. You’re paying a little bit more. You’re paying a premium
to work with them. But guess what. You don’t have to work
with a local bank. And then, you know what? You could refinance it. Refinance that hard money
loan into a longer-term loan or maybe refinance it
into a private lender. You find Uncle Timmy. Hey, can you give me
a better interest rate than the bank here? They’re giving me 7%. How would you like this– maybe we could do a note for 4%? There’s no end of creativity
in real estate investing. You just have to get a
game plan together and then execute on it. So those are my eight tips. Those are eight different
ways that you can fund your real estate deals. Honestly, there are no excuses. So I really want you to go
out there and take action and become a real
estate investor because I believe it’s the
number one way to build wealth. Tell me how you’re
going to do it. Leave a comment in
the thread below. How do you plan to take action?

51 thoughts on “Get Started Real Estate Investing: 8 Ways to Fund Your Deals

  1. Taking some time off for sure

  2. Fort Frances Ontario good to see you

  3. I'm Canadian. Could I buy one of your properties?

  4. How do you split the profit with a private lender? Do you base it based on how much they lend you?

  5. How about life insurance? Using as your bank?

  6. Hello. Victorville

  7. Chris – north of Atlanta.
    Nice. Thanks for your videos. Answered my 1st question with corporate direct. I appreciate you sharing your experiences.
    Starting LLCs in January just for investment props. Well actually three but the other two are businesses.
    Wow also answered my question on keeping investor, private lender, happy with promissory note!
    My Action plan in January:
    1. Get LLC started
    2. Secure fund and grow account
    3. Already found great contact within real estate company and already getting some great inside info, she just called me today about a great deal on a multi house deal and I’m hosting GRI conference in Feb!
    4. Continue looking for a company to get heloc on our current house
    5. Transfer second house to LLC, as rental, with corporate direct
    6. Secure more funding for more deals maybe using second house
    7. Get to at least ten houses by the end of 2019!
    Great video today thanks!
    Post script:
    Answering the question of why selling your deals- eh… free up capitol for more deals and sometimes more advantage situation where you’re not even having pay a management co or managing the prop yourself (#passive incomenow…). As long as there’s still meat left on the bone everybody wins!
    Also, never dropped out of live. Internet may have dipped but you were live on replay no problems.

  8. Nice job as always Clayton! I've just closed on my 3rd property in Indy! 🙂

  9. Hello Clayton, my representative with Morris Invest left and now nobody sends me properties anymore. How do I get a new person?

  10. Hi Clayton

  11. hope we sincerely can connect on some issues

  12. is this really live ? I'm in CST..just past midnight ish

  13. audio is great

  14. Dear Fake Santa, please offer some guidance with regard to my True North for becoming a Real Estate Investor…

  15. start now please

  16. Dear Clayton, I've been stuck in the E quadrant for a while. After even after working full time, there is too little to offer for investing.

  17. thumbs up.

  18. I actually called corporate direct to ask about transferring a property to an LLC without triggering due on sale clause, and the lady said you can do that by transferring a warranty deed. I didn’t speak with Gary but from speaking with many other lawyers they said this is not true, transferring a deed warranty can trigger due on sale clause. Unfortunately she wasn’t knowledgeable.

  19. Awesome buddy! Taking tons of notes in order to take action after the first of January.

  20. I’m sure I’m not alone here when I say this, working a W2 job with W2 coworkers will kill the spirit of a producer quicker than when democrats control the government. Clayton, you are a godsend, my friend!

  21. You mentioned in one of your episodes that you make 40 grand a month. That’s half a million a year. How many years did it take you to get to this point?? By the way In 2019 I’m taking action!

  22. 3:30 that's how far I got before he offended me by saying simple stupid shyt

  23. Thanks! 😎

  24. We are renting right now but we want to buy a foreclosure home not for us but to rent. I guess it is harder to get a loan when you don’t have your own home . What is you advice?

  25. Excellent info. Could I consult with you privately to find my next investment property? I currently have one in Los Angeles worth 450K. I own it free and clear and rent it out for 2K per month. I have a W2 job currently. How could we meet or consult? Thank you.

  26. I don't have a 401k or anything of substantial value currently, so I've vowed to save $10k by next August. hopefully that will be enough skin to get me some private money. My credit score is also kinda low, but I'm working on it.

  27. Hey Clayton, I'll be in NJ next week… You around to shake hands?

  28. I’ve heard that the bank can call your heloc in full amount at any time. Is that true? Cause that sounds really risky.

  29. So can you only buy property on a credit card if you have a real estate company?

  30. If you use a credit card for your first house, you wouldn't get the deduction for the interest.

  31. Clayton your videos are magnificent, I'm trying to get into the business of rental properties to generate cashflow but just getting a little stuck as far as that initial first step. what I really want to do is house hack my first property. I want to have a primary residence, live in it and rent it out (preferably a duplex) , then expand from there. I'm hoping if I save a good $15k- $10k with low credit I can make something happen? I am only 21 so I want to take action early to secure a foundation for my future. but I feel like my lack of credit and even funds are in the way. any tips or past videos you can refer me to , on just getting out there to fund or even find my first deal?

  32. Man i love your videos! I'll let you know when i get my first rental

  33. if you borrow private money, lets say for one rental property. than after buying and renovating and renting you'll collect something like 400$ net monthly what can you do with that? you cannot buy another property with that? and you need to pay off those private money in few years… with what? 400 a month? am I missing something? I can only imagine to use private money to buy a house and renovate it but than you need banks to refinance it to long therm mortgage. but as you say you can buy (in US) only 10 properties like that. lets say you have 10 properties like that and you are collecting 4000 a month, minus mortgage is it like 2000$ a month, you still cannot buy another house of that…you need to wait at least 2 years and not spend a dollar from that.

  34. Great video! With all of the resources out there and the things you just mentioned, there are no excuses not to invest in real estate.

  35. Which bank they are doing heloc for 1.9%? I’m located in PA. I’m happy if I can get it for close to 5%.

  36. can't heloc be called in?

  37. Dont you have to have good credit for that business credit card?

  38. Hey, Clayton. Freshmen in college here. How do I get the gears for the first investment property when I only work during the summers? I understand I’m young and ambitious, but I just want to have a roadmap for the next 10 years.

  39. Can you really buy properties for 60k? Where are they so cheap?

  40. Great info tanx alot

  41. What happens when you are already at 60?

  42. I’m seriously thinking about taking out a home equity line of credit to purchase a rental property.

  43. I’m confused on how using IRAs is a viable option when the rollover is only for 60 days and then it becomes a taxable event. What’s the benefit here?

  44. Clayton what are the property taxes approx on these 50k homes you own in michigan indiana, etc ? im figuring out the property taxes im paying on my performing assets , . here in pa , it may work out better in your asset states ?

  45. Hey. Do you have a video on how foreigners can invest with your company, or get loans/funding in the US as a foreigner?

  46. what should be your INITIAL STEP? To find funds, or to find the Deal???

  47. Great video, thank you very much for sharing, I've been wondering how to do my next property, with a HELOC, a traditional mortgage reinvestment on the property I own, or what ever. With your help I think the HELOC is the way for me to go. Have a great day, appreciate the help.

  48. This video is so awesome!! Thank you!!!

  49. Good Info Thank You

  50. Subscribed Great info.

  51. Hi Clayton, question… if you utilize a 401k loan, say for $50,000, generally those have to be paid back in 5 years. What's the best way to ensure that gets paid back in time? To do a cash-out refinance?? Thanks. Love the videos! Learning a lot from them!

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