Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Paul Mark Morris

๐Ÿ‘ค Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And interestingly,

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

his realtor happened to work for me, which is not as crazy coincidental as it might seem because there are 2000 realtors in LA working for me.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And I knew the person and I know that she's a great realtor and she was suggesting a buy.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And then his CPA said, don't buy now.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

It's not a good time to buy.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And I, and I asked him,

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

did your CPA go out and look at the property or did he at least see the deal?

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And he said, no, he was just saying it's not a good time to buy.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And I told him, I absolutely promise you that that is terrible advice.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And the reason why I know it's terrible advice, I'm not saying buy it or don't buy it, but the reason why I know it's terrible advice is because if you don't look at the deal, how in the world would you know whether you should buy it or not?

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And there certainly is a price at which any real estate deal makes sense in any market.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

If you have a need to buy real estate, meaning like you're renting, let's just say you're renting and you come to me and say, is now a good time to buy real estate?

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

I would say now's a great time to look for deals.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

And every single market is slightly different.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

Like the Fed just dropped their rates and they're anticipating that the Fed's going to drop their rates again, maybe once this year, as many as two or three times next year.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

there are people waiting till those rates drop and that i'll tell you why that doesn't make sense because when the when rates are low and the market's hot then i have clients yeah i have clients and people they've now missed their seventh home you know they got outbid and they're they're waiting for a time when their offer would be would be looked at so

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

If you can afford to buy your own home, then every market is a great market.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

That doesn't mean that every deal is a great deal.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

You can make a bad buy in every market and you can make a phenomenal buy in every market.

Money Rehab with Nicole Lapin
Settling the Rent Vs Buy Debate and 3 Rules of Investing in Real Estate with Paul Mark Morris

Please.