By Paula Pant
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!
By Paula Pant
Natasha thinks she and her husband have saved enough to retire early, but they’re scared. Are they ready or are they delusional?
Should Krista tap into the equity from one of her rentals to rebalance a portfolio that is weighted heavily in real estate?
Anonymous is a savvy investor who wants to retire early. She wonders if she should hire a financial advisor, or if she can manage her investments herself.
Amanda is worried that her recently diagnosed health condition might force her to stop working. How should she financially prepare her family?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
By Paula Pant
Daniel and his wife want to go on an extended vacation and leave their jobs next year…and still have money in case there’s a problem at their rental properties. Would a HELOC help them?
Anonymous and her husband have received a large commission and want to understand how to better plan for their future by optimizing for these inconsistent windfalls.
Brian has hit coast F.I.R.E and would like guidance on how to prioritize between tax advantaged accounts and retirement accounts.
Anonymous and his wife have been focused on getting short term rentals in a single location – is his portfolio too focused on this singular strategy??
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
By Paula Pant
Sharon owns two condos that are worth $1.4M and has a cash cushion of $120,000 plus a $50,000 emergency fund. She’d like to move into a small house while keeping her cash cushion intact. Should she take out a home equity loan on her mortgage to essentially pay for her house in cash, or get a traditional mortgage and use her savings towards the downpayment?
Jury and her partner are torn between two options: buying a condo, which would allow them to live off of one salary and invest the other, or buy a more expensive house – a much more attractive lifestyle option. Which should they purchase?
Daine’s IRA balance is a result of 401k rollovers. He’s concerned that his lack of monthly contributions cause him to miss out on compound interest. What can he do to grow his retirement funds?
Molly and her husband want to reach financial independence (FI) in 15 years, at age 50. They’re unsure of whether their rental property income will sustain their FI lifestyle. How can they plan for this?
I answer these questions in today’s episode. Enjoy!
By Paula Pant
Karen and her wife are in their 50s, financially independent, and partially retired. They need $150,000 to buy a new home, and they aren’t sure which option is best. Should they take advantage of the CARES Act and pull money from their traditional IRAs? Raid their Roths? Or take out a mortgage?
Ingrid’s mom is retiring this year. To fund her retirement, she’ll sell her property for $1 million. How should she invest this money so that she can live off of it in perpetuity?
Elaine has saved $20,000 in a 529 plan for each of her two kids, but she realizes that they may not attend college. Should she keep the 529 plans, or save money elsewhere?
Amanda is afraid to tap the equity in her home and use it to purchase a rental property. How should she think through whether this move is right for her?
Lisa and her family plan to sell their home and move across the country. They might have the option to pay cash for a home, but they also want to buy an investment property. Should they get a mortgage on their new home or pay cash?
My friend and former financial planner Joe Saul-Sehy joins me to answer your questions on this episode. Enjoy!
By Paula Pant
“Burned Out in Boston” wants to reach financial independence.
But she’s not sure she can stick it out in Boston much longer.
She and her husband want to move to an area that doesn’t have many job prospects, and they want to make this leap soon, ideally before they reach FI. How do they know when it’s the right time to jump ship to their dream location?
Ingrid and her husband own two rentals. They’re torn between paying one of their rentals off or buying more properties. Which is the better route to take?
Pat is torn: should she convert her garage into an accessory dwelling unit, or use funds to buy an out-of-state rental property?
Chelsea wants to know: what should you do if your newly purchased home is an instant money pit?
Julia wants to know how to approach investing in sector-specific index funds, like utility ETFs. Should they be a small or large portion of your portfolio?
I answer these five questions in today’s episode. Enjoy!
By Paula Pant
Anna has made the leap to self-employment … but what’s next? She lives in the Bay Area and she’s trying to choose between five business ideas; she needs to make enough money to stay in her high-cost area.
Doug recently won $9,000 from an online poker side gig and is wondering how best to use the funds: pay off high-interest student loan debt, or keep it to increase his poker earning potential?
Alex and his partner want to househack a single-family property with a mother-in-law suit. What should they consider as far as zoning goes?
Darrell is on track to retire in two years at age 55 and wants to know what he should do with his primary residence. Should he rent it out? Or should he sell it and use the profit to invest in rental properties? Or use the profit to buy his retirement home?
Mara is curious about 1031 exchanges. She has equity in a rental property that she’d like to harvest, but she wants more information before making the move.
Michael and his wife are struggling with competing goals. They want to invest in real estate, but they also want to move into an apartment closer to work to reduce their long commutes. Should they sell their home and invest the equity into a rental property, or should they take a HELOC on their home instead?
I answer these six questions in today’s episode. Enjoy!
By Paula Pant
Welcome to a special episode of Ask Paula!
Today I’m answering questions about real estate investing, and I’ve brought a special guest on the show to join me.
His name is Lucas Hall, and he’s a landlord with 5 properties in three locations (D.C., Virginia and Colorado). He’s also the founder of Landlordology and head […]
By Paula Pant
Today I tackle 4 real estate questions that come from the listeners.
Chris, age 25, says:
Over the next 30 years, I’d like to acquire 15 rental properties. Then, at age 55, my wife and I can retire and travel.
To begin, I’d like to buy a duplex, live in one unit and rent the […]
