By Paula Pant
Rich Carey is a military millionaire. He’s spent his career in the U.S. Air Force; he’s currently stationed in Seoul, South Korea. He was stationed in Germany before this. He’ll retire after this.
Most of his fellow servicemembers, upon taking a military retirement, start a second career. But Rich doesn’t need to. He’s financially independent, […]
By Paula Pant
Time to talk about houses! I answer your questions about rental property investing in this week’s episode.
Our first question comes from James, age 25. He lives in Florida, where he bought a $130,000, 3-bedroom, 2-bath condominium in the Class B range as his primary residence. He’d like to buy a second home and rent […]
Written By Paula Pant
The excellent, the normal, and the terrible. Two weeks ago, I saw them all.
I’d like to share the harrowing story. It’s a story of triumph, resilience, and late-night burritos. A story that immersed three days of my life — and is now over, chapter closed, with nothing else needed for at least another […]
By Paula Pant
Anna and Dave want to get married … eventually. But they want to buy a rental property together first. How should they approach this from a paperwork/legal structure standpoint?
Note: They’re thinking about having one partner purchase the home, with the other partner acting as a lender (with proper paperwork in place). Would this be […]
By Paula Pant
It’s time to answer real estate investing questions!
Tom asks:
“We’re thinking about buying a duplex on a beach in a popular vacation destination in Florida. If the property stays 85 percent occupied as a short-term (VRBO) rental at current rates, the income from one unit of the duplex could cover the costs of a […]
Written By Paula Pant
Hey! I know you love numbers, so I’ll cut to the chase:
Last year, our rental properties earned $125,618.49 in gross income.
After expenses (including the mortgages), the properties netted $43,211.67.
This is our passive income from real estate in 2017. It’s the cash flow the properties put in our pocket last year.
And […]
By Paula Pant
Tony lives in Chicago, where the returns on rental properties are so-so. He’s thinking about investing in Indianapolis, where he consistently finds rental properties with cap rates that are greater than 8 percent. Should he invest locally, so that he can get a primary residence mortgage and keep a closer eye on the space? […]
By Paula Pant
Questions — I get questions! Today, I’m tackling four queries about real estate investing that come from the audience. Here are the details:
Sam says:
I work full-time and I’m not handy, so I definitely need a property manager. I’ve found an amazing property management company, but they only serve a small, specific […]
By Paula Pant
This week, I answer five questions about real estate investing from the audience.
Joelle asks:
I own a home outright on the West Coast. I’m thinking about taking out $100,000 from my home equity, and using this money to buy a rental property.
I found a community out east where I can buy a […]
By Paula Pant
Natalie Sisson was tired of the corporate world. She wanted freedom, adventure and fulfillment.
In 2008, she quit her job and co-founded a tech company — but soon she discovered that running a company felt a lot like having a day job.
Two years later, she quit her own company in order to truly strike […]
