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? […]
Tag: ask paula
#120: Ask Paula – I’m Retiring at 53. How Will Early Retirement Impact My Social Security?
Roger Whitney, age 51, calls himself The Retirement Answer Man. As a financial planner, investment analyst and podcast host, he focuses on helping Baby Boomers craft a traditional (past-age-60) retirement.
Today, he joins me to answer two questions that come in from our community.
Our first question is from Emily, who says:
“I’m trying […]
#118: Ask Paula – How Do I Buy a Foreclosure? – and Other Real Estate Questions
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 […]
#116: Ask Paula – Help! I’m Underwater on My Car!
Stacy and her boyfriend would like to downsize to one vehicle. But they’re collectively $14,500 underwater on their car loans.
Stacy owes $11,000 on her car, but its trade-in value is $7,200. She’s paying a 12.74% interest rate and her payoff date is 2021.
Her boyfriend is in worse shape. He owes $18,500 on his […]
#114: Ask Paula – How Should I Invest $100K in Real Estate?
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 […]
#112: Ask Paula – How to Convince a Spouse to Invest in Low-fee Index Funds?
How can I convince my spouse to invest in low-fee index funds? How should my fiancé and I combine our finances? If I’d like to invest in rental properties, should I also buy stocks?
Former financial planner Joe Saul-Sehy joins me to tackle these audience questions and more.
Thomas asks:
My wife is suspicious […]
#110: Ask Paula — Get Ready for the Next Recession
Happy New Years! We’re kicking off this year on a bright and cheerful note — with a conversation about the impending recession! Yay!
The U.S. stock market is at a peak, continuing its 9-year bull run. The markets have been rising since March 2009 without any major corrections or pullbacks.
We are living in one […]
#108: Ask Paula – I Don’t Know How to Invest
Former financial advisor Joe Saul-Sehy joins me to answer audience questions about investing strategies, early retirement, and tax planning.
Whitnee asks:
I’m 31, and my husband and I save half of our combined income. We’ve maxed out our H.S.A. accounts and we’re getting an employer match in our 401k. We have $80,000 stashed as cash […]
#106: Ask Paula – How to Estimate Repair Costs, File Taxes on Rental Income, and More
How do you search for rental properties out-of-state? Should I offer a lease-option contract to my friends? How can I estimate repair and maintenance costs? And can you deep-dive into bookkeeping and taxes for rental real estate?
I tackle these four questions in this episode of Ask Paula – real estate edition.
Saul from Salt […]
#104: Ask Paula – How Can I Learn about Money from the People Around Me?
This week, I answer 4 questions about quitting a depressing job, learning how to ask probing questions, saving for a downpayment, and more.
Edward asks:
How can I learn from other people around me? I’m 28, and my wife and I have some money that we’d like to invest. We know people who’ve had […]
