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Tom's mother-in-law's house burnt down. Should she rebuild or just pay off the mortgage and sell the land? Here are a few things to consider about rebuilding a home after fire damage.
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What to Consider About Rebuilding a Property After a Fire
When it comes to making big financial decisions, there’s often not a simple answer. Here are a couple things to consider if you’re thinking about rebuilding your home after a fire:
-right now, it’s extremely hard to find good contractors
-it’s also expensive to build because of inflation
-the home you live in is not a performing asset
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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.
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