Family Money Management

Are you confused as to how to handle your family finances? Managing your family income isn't impossible. For good ideas on how to manage your family's finances…
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a map with the words tips for finding the right state for your llc
What State Should My LLC Be In?
This Q&A episode of Investing in Real Estate features three of your great questions on setting up LLCs, finding a tax accountant who understands real estate investing, and why timing the market can’t help you reach your goals. Click play to hear my answers to your real estate investing questions!
a man in a suit and tie playing with wooden blocks that spell out 5 reasons interest rate might not matter for real estate investing
Do Interest Rates Matter for Real Estate Investing?
Knowing about interest rates is an important financial life hack for real estate investors. We’ve seen mortgage interest rates all across the board over the past few years. From a historical low in early 2021 to a recent peak at 8%, there’s been a lot of fluctuation in the market. And of course, this impacts the housing market in a number of ways.
a man holding his hand up with the words 3 things to consider before buying a turkey property
Turnkey Properties Explained: Why They Are a Smart Choice for Real Estate Investors
One of the best real estate tips you haven't heard about is turnkey properties. Investing in real estate on your own can yield considerable profits, but it’s also very time-consuming. Turnkey properties, by contrast, offer a quicker, hands-off approach and often produces a higher ROI.
two people signing papers with the words 5 reasons real estate inventors should choose turkey properties
Turnkey Properties Explained: Why They Are a Smart Choice for Real Estate Investors
One of the best real estate tips you haven't heard about is turnkey properties. Investing in real estate on your own can yield considerable profits, but it’s also very time-consuming. Turnkey properties, by contrast, offer a quicker, hands-off approach and often produces a higher ROI.
stacks of coins with a tree in the middle and text overlay that reads 2 ways this financial freedom formula changes everything
This Financial Freedom Formula Changes Everything
When it comes to creating wealth and achieving financial freedom, investing in real estate is one of the most powerful strategies. But if you’re a beginner, it can be hard to know where to start. Here’s the truth: there’s not one way to build wealth, there’s only YOUR way. This is empowering because it allows you to use your strengths, your resources, and your unique goals to map out a plan.
a man pulling a sign with the words 5 reasons why your 401k is done
Your 401k Is Doomed: 5 Reasons Why
The 401k has had its heyday, and it is never coming back. Many people think of the 401k as the ultimate retirement plan in the US, but the truth is, it’s not a reliable source for retiring in this day and age.
a person holding a small house in their hands with the words 4 steps to replace your income
How to Replace Your Income with Performing Assets
So if you want to work toward replacing your salary with performing assets like rental properties, this episode is for you. And listen, this isn’t just some pie in the sky idea. I’m sharing the exact formula I used to leave behind my day job – and I’ve watched other investors do it too. Click play to learn how to replace your income with performing assets!
a person holding a house in their hands with the text 3 tips to find a fairly priced property?
How Can I Find a Fairly Priced Property?
Today’s featured questions cover topics like buying a property at a fair price, my thoughts on buying a second property, and what we do at Morris Invest. Click play to hear my answers to your great investing questions!
someone holding an umbrella over stacks of coins with the words 3 steps to find out how much you will make on a rental
How Much Profit Should You Make On A Rental Property?
Real estate investors need this financial life hack before you get started. When you are evaluating cash flow on a property, you must assure that your rental income will cover all expenses such as taxes, insurance, property management, and any debt you take out on the property. After you subtract those expenses, what is left over for you is your profit. Generally, at least $100 in profit per rental property makes it worth doing.
a woman typing on her laptop with the words 3 reasons inventors need to buy houses now in spring 2014
Mortgage Rates Fall Below 7% – Investors Grab Available Properties to Lock in Lower Rates
The best financial life hack comes from knowing time is money. Long-term mortgage rates have declined for the third consecutive week, falling slightly below 7%. This marks the first time since mid-April that the average rate on a 30-year mortgage has dropped below 7%, providing a modest relief for prospective homebuyers and investors who have been dealing with high mortgage rates, surging property prices and limited inventory in the housing market.
a group of people sitting around a table with the words 9 steps to buying rentals with multiple inventors
How to Buy Property with Multiple Investors
You can purchase property with multiple partners by finding real estate investors who can contribute actively through hands-on participation, or passively by providing capital. To formalize the partnership between all parties, a solid agreement should be drafted by a legal team to define roles, percentages of ownership, and other stipulations.
four ways to furnish a rental property with text overlay that reads 4 ways to furnish a rental property
How to Furnish a Rental Property
Many travelers typically choose a short-term rental property over a hotel because they want the same conveniences of home while they’re away. Staying at a rental home can be more relaxing and comfortable than a hotel and can also house a larger amount of people. When choosing a rental property, the way a home is furnished can have a major impact on whether or not renters will want to stay there. Follow these tips below when furnishing your rental property.
an apartment building with the words 3 ways to find money for your first rental property
How to Secure Funds to Purchase Rental Properties at Zero Interest
It’s not often that I find a rental strategy so incredible that I HAVE to share it. If you’re looking for a way to purchase a rental property, whether it’s your first or hundredth, this strategy can help you grow your portfolio.
a house and keys with the words 3 rental property upgrades that will earn you more
3 Property Upgrades with a Reliable ROI
Tenants search for properties with affordable rent, of course, but they don’t make a decision based on that alone. They’re browsing for rentals with attractive features and renovations that separate their selection from similar buildings. It presents a problem for investors like yourself.
a person holding a car key with the words 3 ways to buy a car in an l c
How to Buy a Car in an LLC
You probably already know the importance of making business purchases in order to lower your overall tax burden. But sometimes, it can be difficult to determine what kinds of purchases can serve as legitimate business expenses. Recently, one of our listeners asked about the idea of purchasing a vehicle as a business expense.