How should you purchase your next real estate deal? Whether it's your first rental property or you're an old pro, there isn't a simple answer to this question.

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CARES Act Benefits for Real Estate Investors: https://bit.ly/2QRK3g9

The Power of a Self-Directed IRA for Building Wealth: https://bit.ly/2QJhCkn

The Power of Non-Recourse Financing for Building Wealth: https://bit.ly/3dLMiML

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1) Cash. This is the most obvious way to purchase a rental property. If you’ve got cash set aside in a savings account collecting a minuscule amount of interest, why not instead collect high ROI on a cash flowing rental property?
2) Business credit cards. We’ve teamed up with an amazing company to help our clients secure 0% interest credit. If this sounds like a fit for you, you can save $500 by visiting morrisinvest.com/funding.
3) Private money. Private money refers to any money that you borrow from anyone but the bank. If you’ve got a wealthy friend or relative, they could act as your lender. Otherwise, you can dive into the world of real estate professionals and make a connection.
4) Home equity. If you own your primary residence, using a HELOC is a fantastic way to access cash to purchase a rental property. A HELOC allows you to take out a line of credit based on the amount of equity in your home. This can also be done on existing rental properties.
5) 401k. If you have a 401k through your employer, your plan likely allows you to take out one loan per year. This is a fantastic strategy, because you’re in essence, paying the interest back to yourself. The best part? There's never been a better time to access your retirement funds.
6) Self-Directed IRA. A self-directed IRA is a retirement account that allows the owner more control over where their money performs. Being strategic within a self-directed IRA allows the investor many possibilities, including investing in real estate.
7) 1031 Exchange. If you already own a rental property that doesn’t perform as well as you’d hoped, a 1031 exchange might be right for you. This one is a bit of an advanced strategy. If you think you are a good candidate for a 1031 exchange, let our team of experts guide you through the process.
8) Hard money. Hard money lenders are like bankers, but because they are not regulated by the government, they can set their own rules and lend with looser standards. They don’t care as much about your credit score and they don’t limit you to one investment at a time.
9) Non-recourse financing. A non-recourse loan is based on the merit of the asset, and not so much the investor. There are a number of reasons why you might consider: whether you're an international investor, have less than excellent credit history, etc... Non-recourse loans can be a fit for many different types of investors.
10) Partner up! If you've got a smaller chunk of change set aside, and a buddy or two on the same page, why not pool your funds together and become business partners? This can be a great way to get your foot in the door because it allows you to get started with much less money down.

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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.

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