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How to Start Investing with $10k (or less!) | Morris Invest

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How to Start Investing with $10k or Less
While $10k is not enough for a down payment on a rental property, it's a great starting point. If I had $10k to invest, I would consider two different routes. The first would be investing in real estate notes through Connect Invest (https://morrisinvest.com/connect). This avenue allows for high returns and you can invest with as little as $500 with time commitments as short as six months. If your goal is to eventually buy a rental property, I think this option is a smart way to build up your existing funds. Another idea would be to invest in precious metals like gold and silver. Either way, I personally would not want $10k tied up in US dollars.Β 

How to Stay Focused on Your Wealth Building Goals
Getting focused on your goal is a critical component of reaching any goal. And when it comes to investing, I can personally relate to getting caught up in shiny object syndrome. My advice would be to seek clarity. Sit down and map out your goals, and how you plan to achieve them. For me, investing in residential buy and hold properties has been the most successful, so I try not to stray from this proven system! Choose one path, and follow that course of action repeatedly.Β 

What to Do with Underperforming Rental Properties
If you're doing your due diligence in regularly nurturing your portfolio, you're likely to experience a scenario in which you have an underperforming rental property... but this is not a bad situation to be in! In fact, it's a great opportunity to increase your returns and upgrade your cash flow. The best thing to do in this scenario is to utilize a 1031 exchange, because it allows you to trade in your property without taking a tax hit. For more, see this recent video on 1031 exchanges:

#morrisinvest #claytonmorris #investing
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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
Podcast - https://podcasts.apple.com/us/podcast/investing-in-real-estate-with-clayton-morris-investing/id1115024566
Twitter - https://twitter.com/Morris__Invest
Facebook - https://www.facebook.com/MorrisInvest

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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.

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