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Clayton Morris Tips | Preparing to Get a Loan on a Rental Property

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Charles asked about the best ways to prepare to get a loan on a rental property. I'm sharing my best tips in this Q&A video!

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How to Prepare for a Mortgage Loan | Complete Loan Checklist: https://bit.ly/3uToUWJ

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Different banks will have differing underwriting requirements (which is why it can be helpful to shop around). In general, banks are going to want to look at your current investments, debt-to-income ratio, and credit score. You’ll want to be sure not to take out any new loans or make big purchases while going through the lending process
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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 Morning Invest with his wife, Natali, bringing you news you won’t hear on major networks.
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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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