Afford Anything

Category: Real Estate

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#489: Ask Paula: What to Do with a Six-Figure Windfall?

Cara made $100,000 in commissions this year, her biggest bonus ever. What should she do with the money if she wants to retire early?

An anonymous caller and his partner have lived in an RV for years. They’re ready to settle. Should they sell most of his investments to purchase raw land and build an off-grid home?

Remy and her husband need to come up with $30,000 for IVF treatments. How do they build their family without breaking the family finances in the process?

Another anonymous caller is upset that the 401k plan he sold his boss on is charging him an Assets Under Management (AUM) fee. Should he keep the 401k at all?

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

Enjoy!

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The biggest myth that keeps real estate investors from starting …

Myth: You need to buy investment real estate in the same city where you live.

Reality: You’re free to buy investment real estate anywhere 👏🏽 you 👏🏽 damn 👏🏽 well 👏🏽 please.

When you choose a location for your rental property, you’re looking at two critical factors: returns and affordability.

Two metrics that express this […]

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The S&P 500 Hit Record Highs — 4 Days in a Row

The stock market is hitting new highs. What should we make of this?

This week,  the S&P 500 reached yet another record high — marking its fourth consecutive day reaching a new all-time high.

Last Friday (the first of these four consecutive trading days) marked the first time in two years that the S&P 500 […]

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#482: Ask Paula: Should We Drain Our Brokerage to Make a HUGE Down Payment?

A caller named “M” wonders if liquidating stocks for a larger down payment makes sense in a high-interest rate environment.

An anonymous caller wants to take a pay cut to pursue his passions. But 75 percent of his net worth is in real estate. Is this too risky?

Tiffanie hasn’t saved enough for early retirement, but she has a plan to use home equity to accelerate her goals. Is this going to work?

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

Enjoy!

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#467: Ask Paula: Use One Debt to Pay Off Another?

Should Knoxville use a higher-interest Home Equity Loan (HELOC) to pay off a lower-interest 401k loan?

Joelle’s tenant is interested in a rent-to-own agreement. Is this a good idea from a landlord’s perspective?

A recent wildfire shifted Sharon’s house into a flood zone. Should she sell before FEMA redraws the map and it becomes official?

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

Enjoy!

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#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.

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#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!

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#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!

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Afford Anything