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Category: Real Estate

November 4, 2014Written By Paula Pant

The Airbnb Experiment: 42 Guests, 1 Police Visit, and $19,000

This article is Part 3 of The Airbnb Series. Before you read this, check out Part 1 and Part 2, and when you’re done, visit Part 4.

Well, it’s happened.

Eight crazy months, 42 guests, one police incident, and $19,000 in gross income.

I’ve packaged the adventures, ideas and full disclosure of the numbers […]

Keep reading...

September 2, 2014Written By Paula Pant

How I Earned an Extra $40,800 in Two Years Without Lifting a Finger

Despite the fact that I have the best roommates in the world, I’ll occasionally remark, “I’m tired of having roommates.”

And Will replies: “Are you $1,700 per month tired of it?”

I don’t need to respond. The answer is obvious. The minor inconveniences — sharing a refrigerator, waiting to use the washing machine — […]

Keep reading...

August 5, 2014Written By Paula Pant

Five People, One Income, and Self-Made Success

Myth: If you’re supporting 5 people on 1 income (and it’s not a high income), you’re screwed. You’ll never become a business owner or an investor. You’ll be lucky just to pay the bills.

Fact: Ladies and gentlemen, meet success story: Rental Randy.

In my last blog post, I re-emphasized that the best […]

Keep reading...

July 27, 2014Written By Paula Pant

We Bought House #5. Here’s a Behind-the-Scenes Look — Including the Numbers.

Moderation is not my strong suit.

I don’t just eat one chocolate-chip cookie — I either eat zero, or I eat the whole batch. I don’t just travel for a weekend — I either stay at home, or I hit the road for weeks/months/years.

And apparently, I can’t just buy one or two houses. […]

Keep reading...

March 20, 2014Written By Paula Pant

The AirBnb Experiment: How I Impulsively Started a Vacation Rental Business

This article is Part 1 of The Airbnb Series. When you’re done, check out Part 2, Part 3, and Part 4.

“I wonder if …”

The greatest adventures of my life usually begin with that phrase.

When I say “greatest,” I don’t necessarily mean “best.” Sometimes I mean “weirdest-smelling” or “insanely-profitable” or “almost-gave-me-malaria.”

 “I […]

Keep reading...

February 2, 2014Written By Paula Pant

Reader Question: Should I Buy a House With Cash?

One Afford Anything reader asks:

In my area, I can buy a quality house/duplex for $45,000 – $100,000.

My partner and I want to get a house with great rentability. We’ll live in it for 4 years while I finish graduate school, at which point we’ll move.

We hope to keep the place – as […]

Keep reading...

November 12, 2013Written By Paula Pant

How I Went From Broke to $4,600 / Month in Passive Income By Age 28

 

Note from Paula: Today I’m featuring a guest post from my friend Brandon Turner, who is officially The Tallest Guy I’ve Ever Met.

I suggested that he write a post about “How I Got So Friggin’ Tall.”

He countered by offering the juicy details on how he created $4,600 per […]

Keep reading...

July 18, 2013Written By Paula Pant

We Bought House #4! Check it Out!

Guess what? We did it again. We bought House #4, which represents our 6th rental unit in total!

“Whoa, Paula, this is getting ridiculous.”

Yeah, I know. Let’s meet the new rental, shall we?

NOTE: This article was last updated in 2015 (and all numbers reflect that year).

The Rental House

First, […]

Keep reading...

June 3, 2013Written By Paula Pant

I’m Upside-Down on My Home. Should I Rent It Out? Or Sell It?

An Afford Anything reader recently emailed me about this dilemma:

He’s upside-down on his home. He owes more than the house is worth.

But he wants to take advantage of today’s low housing prices, which will let him move his daughter into the best school district in town. He can put […]

Keep reading...

May 15, 2013Written By Paula Pant

Should You Buy a Vacation Rental?

Renting out a vacation home is one step away from running a hotel.

Keep reading...

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Afford Anything

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