This podcast is a little different.
Instead of interviewing a guest, this episode is a recording of a talk I gave recently.
The audience wanted to know more about the context surrounding the decisions I’ve made regarding business, investing, and money.
Why have I only spent three years of my life in a 9-5 job? Why do I dedicate so much time to travel?
There is a lot of real estate talk as I take Q&A from the audience, but the idea behind releasing this talk is for you to see how any investment can help you design your life around your values.
Money and investments are just tools that you can use to craft a certain lifestyle.
Here are the slides from the talk.
Here are some of the highlights from the talk:
- How I was introduced to the concept of freelancing, and how it helped me quit my job and buy real estate
- My real estate investing strategy in a nutshell – buy what no one else wants to buy
- The risk of being too excessive with renovations as an investor, and how I’ve managed renovations
- How I use the One Percent Rule when running numbers on a property
- My original goal for owning rental properties (and why I don’t want 100’s of units)
- The surprise deal that came about because of my blog
- The opportunity cost of investing in real estate instead of the stock market
- Why the next rental won’t be in Vegas (where I live)
- Why I’m not in any hurry to buy another property
- Why I would buy apartment complexes in cash if I had a billion dollars
- The benefit of diversifying into a different city and how to do it
- Retailers I recommend buying from when it comes to kitchen materials
- Financing without W2 income
- Why I’m against high-leverage
- The other projects I’m working on (why my focus isn’t on real estate investing right now)
- “Pearls of wisdom” from traveling
- My favorite travel destinations
- Why I started a blog and my thoughts on monetizing
- Real estate isn’t a passion – it’s a tool
Enjoy!
— Paula
Resources Mentioned:
- Cash Flow Reports for Rental Properties
- The course I’m working on – VIP List
- HUD Home Store
__________________________
I also want to take a moment to thank the sponsor for this episode.
If you’ve been listening for a while, you’ve heard me interview many best-selling authors. Before I interview these guests, I need to read or refresh my memory of their books.
Sitting down to physically read the books can take a long time. That’s why I listen to their audiobooks, thanks to my subscription to an audiobook service called Audible. If you want to give them a try for free, head to audible.com/trynow for a free 30-day trial.
Rich
Great talk! Thanks for taking us with you to Ecuador!
The intro and outro piqued my curiosity, though… Were you recording in a library? Were you trying not to wake up Will? Were you fighting a cold? Or just trying on a more sultry tone? 😄
Joe Wong
I also have income property and enjoyed your talk. As a property owner/manager I would like to know…How do you find a great contractor and subs? Ergo Joe
Melissa
Again, so great, Paula! One of the best parts of this post are actual numbers in the slide. Keep ’em coming! The proof shows legitimacy (when it sometimes can be difficult to differentiate between ‘podcast pros’ out there who claim success), and encourages one to believe they can be financially independent without needing millions of startup dollars. Woop! Exciting!
Rory
You sounded sick on beginning of this podcast hope all is well.
Portiqo
Very interesting and inspiring journey Paula, your transition from a full time job to freelancing and then into real estate investing is an eye opener to many of them who still think that hey cannot achieve a lot by investing.
Taylor Lovett
Interesting! Love what you said about the one percent rule. I’m a huge fan of that one. I disagree about high leverage. That’s one of the main advantages of real estate in my opinion.