Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Category: Real Estate

August 25, 2023By Paula Pant

#458: The Reality Behind High Home Prices, with BiggerPockets CEO Scott Trench

Today we chat with Scott Trench, the CEO and President of BiggerPockets, a real estate investing education company with more than 2 million members.

He joins us to share cutting-edge insights on today’s real estate market. We discuss economic trends, demographic shifts, and talk about how interest rates impact home buyers.

Whether you’re a potential homebuyer, an investor, or simply curious about the housing market, this conversation will shield light on what’s REALLY happening in today’s confusing real estate market.

Keep reading...

August 7, 2023By Paula Pant

#455: Ask Paula: I’m Recently Retired. Do I Pay Off My Rentals Or Buy More Real Estate?

Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

Keep reading...

July 6, 2023By Paula Pant

#449: Ask Paula: Should You Buy Real Estate in Today’s Economy?

Jackie is a 42-year-old paralegal with two rental properties. She wants to buy three more. She asks for Paula’s thoughts about today’s economy. Should she buy under these economic conditions?

Jen’s husband will retire with a pension that pays twice their living expenses. Does she still need her own retirement account?

Rachael just bought a duplex, which she wants to househack. But she’s having second thoughts. Did she bite off more than she can chew?

“Minouche” is a return caller with new information: she believes that borrowing from Dad is her only path to home ownership. Does this change Paula and Joe’s advice to her? (And is it even true?) And Molly, a concerned mom, shares some thoughts about this situation.

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

Keep reading...

May 10, 2023By Paula Pant

#440: Ask Paula: Am I Saving Enough For Retirement?

“Barbara,” an anonymous caller from Episode 422, is struggling with a scarcity mindset. How does she stop worrying about the future and build the confidence to enjoy life now?

Samantha and her partner have lived out of their truck for 20 years. They sorta-kinda feel ready to buy a house and settle down. But they’re hesitating. What if they hate it?

An anonymous caller wants to retire and travel in 20 to 30 years. How does she know if she’s saving enough?

Trace plans to take a mini-retirement next year. Where should she keep her savings until then?

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

Keep reading...

March 1, 2023By Paula Pant

#430: Ask Paula: My Parents Are Drowning In Credit Card Debt. What Should I Do?

D is worried that she’s going to suffer from her parents’ poor financial choices. Is it time to confront them about it?

An anonymous caller and her fiance both own a house. Which one do they move into after the wedding?

In a world of rising inflation, Nick wants to know if it’s time to change the way he saves for his future.

Another anonymous caller wants to buy a second home within a decade. How does she start planning now?

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

P.S. Got a question? Leave it here.

Keep reading...

November 4, 2022By Paula Pant

#411: Invest Anywhere: Learn About a City Like an Expert

Welcome to Invest Anywhere, our monthly series on long-distance real estate investing.

Invest Anywhere airs on the First Friday of each month and is co-hosted by Paula Pant and Suni Rao.

__________

In the final installment of this two-part mini-series, we walk you through becoming a subject matter expert in your investment city of choice.

We discuss who you should talk to, where you can find them and what you should talk to them about.

Keep reading...

October 27, 2022By Paula Pant

#409: Ask Paula: Should I Sell My Rentals to Buy More Stocks?

Liz and her husband are planning to retire in 5 to 10 years. They have rental income properties, but Liz is bored of managing these, and she’s intrigued by the idea of buying stocks at a discount when the market is low.  Should she sell her rental properties and use the money to buy stocks instead?

Rebecca is a high income earner and thinking about investing in a Roth 401k … but she’s scared of how much she’ll have to pay in taxes. Should she do it anyway?

Anonymous made big changes last year: she got a new career AND sold a house! Now she needs help figuring out capital gains and lowering how much she’ll have to pay in taxes … and she won’t have access to her company’s 401K for most of the year.

Kyle and his wife are moving into their dream home! What should they do with their current place?

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

P.S. Got a question? Leave it here.

Keep reading...

October 7, 2022By Paula Pant

#406: Invest Anywhere: I’ve chosen my city…now what?

Welcome to Invest Anywhere, our monthly series on long-distance real estate investing.

Invest Anywhere airs on the First Friday of each month and is co-hosted by Paula Pant and Suni Rao.

__________

In this two-part episode, we first tackle the data points needed to assess various investment locations within your city of choice.

We will […]

Keep reading...

September 23, 2022By Paula Pant

#403: How I Reached Financial Independence, with Chad Carson

Chad Carson’s friends called him a “nerdjock.”

When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn’t have any money.

He was a 235-pound athlete who attended college on a football scholarship. He graduated debt-free with $1,000 in savings from various odd jobs. He wanted to become an entrepreneur, and he knew he was starting from zero.

As Chad viewed it, starting from zero meant he had nothing to lose.

He started jogging around local neighborhoods near the university. Whenever he noticed a property in disrepair, he’d ask if it was for sale.

If he noticed a ‘For Sale by Owner’ sign in the yard, for example, he’d dial the number.

If he noticed a home with an overgrown lawn and no curtains in the windows, he’d leave a note on the door, or he’d knock on the neighbor’s doors to get the owner’s phone number.

By doing this, Chad started a real estate wholesaling business. He’d find off-market properties, enter into a sales contract with the owner, and then ‘flip’ the contract to an investor. He earned around $5,000 for each deal.

The benefit to a wholesaling business, Chad discovered, is that he could get a foothold inside the real estate industry without much access to capital. He was a recent college graduate without any official employment, so most banks weren’t interested in offering him loans. Wholesaling gave him a start in the industry.

But after awhile, he wanted to chase bigger deals. He and a business partner decided to start flipping houses themselves. They earned profits of around $20,000 to $30,000 for each deal.

While this was great, Chad wanted to transition into something that would provide a steady, stable income stream. He was running an active business; he wasn’t accumulating a portfolio of passive investments.

He and his business partner stopped flipping homes and began accumulating buy-and-hold rental properties. Today they have 90 units between the two of them.

A few years ago, Chad realized that the passive income from his investments made him financially independent. He and his wife decided to enjoy their newfound freedom by moving to Ecuador with their two children, ages 3 and 5.

They spent 17 months living in Ecuador, learning Spanish and enjoying a slower pace of life. They recently returned to the U.S. and are considering moving to either Spain or Germany — or maybe Colorado? — for their next adventure.

In today’s episode, Chad and I discuss real estate, financial independence, and international travel with children.

Keep reading...

August 17, 2022By Paula Pant

#397: Ask Paula: Is the bank trying to scam my parents…?

Nick’s parents are forced to confront earlier than anticipated retirement…and they aren’t financially prepared. Now, a bank is offering to buy a part of their mortgage or a part of their house.  Is this a scam?!

Jon from Colorado is curious about after tax contributions to a Roth 401k, and would like us to talk about why we wouldn’t recommend it.

Anna is househacking, and she locked down an awesome interest rate. But, she’s still carrying PMI and is wondering if there’s a way to remove the PMI without refinancing.

Courtney from Denver is a real estate investor who wants to invest in new locations and wants tips on building out her network.

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

P.S. Got a question? Leave it here.

Keep reading...

  • 1
  • 2
  • 3
  • …
  • 12
  • ›

Most Popular

Inflation, Illustrated
How Much is Enough?
What if We Quit Setting Goals? (Seriously?)
The Incredible Power of 10x Thinking
  • Binge
  • Questions?
  • Contact
Join 70,000+ subscribers who get free email updates.

© 2021 Afford Anything. Designed By Wilnau Design. Built by Zach Swinehart. Disclosure

© Copyright 2011 – 2023 Afford Anything. All Rights Reserved.

Website by Zach Swinehart.

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income