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They're HIDING this about the 2023 recession, money is about to flow big time | Morris Invest

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In this video, I’m giving a rundown on what I see coming in the housing market, including price declines, interest rates and more. I’m also answering three of your questions on timing the market, finding a reliable contractor for a fix & flip, and the pros and cons of DSCR loans for real estate investors.

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What You Should Know About Investing in This Current Market
There are some concerning stats in this housing market, including price declines due to inflation and higher interest rates. However, there is an incredible demand for rental properties. Many people have had to delay home buying, and they need places to rent. We have a housing shortage in the US. Having a sustainable investing plan is really about buying in the right markets. I suggest investing in recession proof markets to avoid long vacancies. Remember, it's about time in the market - not timing the market.

How to Find a Good Contractor Out of State
This can be a very tricky situation, and to be honest, it’s a huge part of why I stopped doing fix & flips. If you’re out of state, unfortunately you’re going to have to go in person to find a contractor. You will need to meet with multiple contractors, get quotes, and find someone you can trust. Line up three or four estimates, and pick someone who seems trustworthy. I also suggest choosing someone who gives you a middle-of-the-road estimate.

The Pros and Cons of DSCR Loans
DSCR loans, or debt service coverage ratio loans, operate in a similar way to non-recourse loans. A DSCR loan is not based on your personal income or credit, but instead on the cash flow of the asset. This can be a great way to grow your rental property, especially if you are approaching the 10-mortgage limit. One big drawback of this loan is that you’re going to pay a higher down payment and a higher interest rate. I would suggest running the numbers (including interest rates and closing costs) before you decide to proceed with a DSCR loan.
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#morrisinvest #claytonmorris #recession

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/morr...
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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