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👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Grow Your Rental Portfolio After You Hit the 10-Mortgage Limit At Morris Invest, we would suggest our clients use our Non-Recourse Program, which allows investors to use an asset-based loan. A non-recourse loan is a business loan, and although it requires a higher down payment, it is a great option for investors who don’t want to buy properties in their own name. You can see my full video on non-recourse loans: https://bit.ly/34aZwiS. If you’re a DIY investor, you may still be able to utilize a non-recourse loan, but I will warn you they can be hard to find. My first suggestion for you would be to build relationships at your local banks and credit unions and see how they can help you reach your goals. Another option is to look into hard money lenders. I can recommend Jasey Capital. https://www.jaseycapitalgroup.com
Ideas for Investing a Smaller Chunk of Cash Although investing in tangible real estate properties is my bread and butter, I understand there are situations in which buying a property isn’t a realistic move. Here’s what I can suggest:
- Investing in real estate notes through Connect Invest: https://morrisinvest.com/connect - Buying gold and silver through Lear Capital: https://learmorris.com - Both real estate notes and gold are great options. I can’t give you advice, but do what aligns with your interests, goals, risk tolerance, and timeline.
What to Consider About Saving Reserves for Your Rentals Setting funds aside when you own rental properties is a wise move. We like to prepare our clients to have a reserve set aside that can cover 3-6 months, just in case. However, if you’re having frequent vacancies, it sounds like there is a root cause. Please be sure to do your market research and invest in markets with job growth and diversity. Additionally, be sure you are not over leveraged when you buy your rental properties.
The Millionaire Real Estate Investor: https://amzn.to/2yVVMl8 ----------------- 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.
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