Lindy feels like her $300,000 of accumulated equity could be put to better use. But she doesn’t want to buy more real estate right now. What’re her options?
Katie wants to become a landlord in her home state but she’s concerned about the effects of redlining. Should she look into Section 8?
Claudia lives in Germany and wants to buy an apartment in Manhattan. But she knows nothing about US real estate. Where does she start?
I tackle these questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
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Here are the details:
Lindy asks (at 01:29 minutes): I own a rental house with $300,000 in equity and I feel like I’m missing out.
I’m just frozen, and sitting on the sidelines.
I’m not excited about buying houses right now. But with the money just sitting there, I feel like I’m missing out on opportunities.
How can I put this money to work so that it’s building assets or creating cash flow?
Katie asks (at 21:19 minutes): My spouse and I are from the US, but we live and work overseas.
We want to buy a house in my home state, rent it out while we’re abroad, and live in it when we retire in 18 years.
But we’re concerned about the impact of redlining on our city. How do we provide a fair housing opportunity to potential renters?
Section 8 is a solution, but it doesn’t seem like many landlords participate. What’re some considerations for pursuing Section 8 or a similar program?
Claudia asks (at 34:21 minutes): I’m a 56-year-old lawyer from Germany and I’d like to buy an apartment in New York City to relocate into.
I saw a listing on Zillow for a place in Manhattan. It’s within my budget at $160,000 but I’m not sure what to look for.
There seem to be many differences between German and U.S. real estate laws.
Being a second-generation real estate investor with two rental properties in Hamburg, I’m not afraid of taking on a fixer-upper.
What’s your advice for someone like me?
Resources Mentioned: Habitat for Humanity
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