#63: Ask Paula – Travel vs. Passive Income, Proximity in Real Estate Investing and Selling Off Properties

It’s the first Monday of the month, and you know what that means – another Ask Paula episode.

Our first question comes from Richard, who wants to know if he should focus on creating a travel fund or building passive income through real estate.

What did I do, and how did I manage to come back from my world travels and start building a real estate portfolio only a few years later?

The next question comes from Andrew. He’s contemplating purchasing two houses on the cul-de-sac he lives on and then renting them out. He only plans on living in his current house for another five years, at which time he also wants to rent it out. Is he crazy? Would proximity give him an advantage?

Jennifer asks the next question. She and her husband owe $150,000 on a rental property in Portland, OR that’s worth $350,000. Should they sell the house and buy more properties? What would I do with the equity in the property?

I answer these questions on today’s episode.

Resources Mentioned:

• Stanford Marshmallow Experiment
• How to Calculate the Cap Rate

Enjoy!

— Paula

P.S. On the first Monday of the month, I answer your questions about money, entrepreneurship, investing, and anything else you throw my way. Got a question? Leave a voicemail here.

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