We’re back with another Ask Paula – Real Estate Edition of the show! In this episode, we cover down payments, cash flow, investing in condo hotels, building a rental on the side of your own house, selling your properties, and whether it’s better to buy actual properties or REITs. Erin asks: Would you ever put…
It’s the first Monday of the month, and you know what that means – another Ask Paula episode. Our first question comes from Richard, who wants to know if he should focus on creating a travel fund or building passive income through real estate. What did I do, and how did I manage to come…
Let’s open the books … again. Every month I reveal my income, expenses and bottom-line results from my real estate investments. This month’s update is long overdue (it’s a 2-for-1!) because I’ve been trying (unsuccessfully) to write a deep-dive lesson to accompany this article. I don’t want to merely publish numbers; I want to add insight like “how to…
How much income did I earn through real estate investing last month? And how much time did it take? I’m back for another round of baring my financial books to the world. Ready?
“Are you going to sell your properties?” Now that I live in a different state than my rental investments, I hear this question a lot. But people with the long-term Afford Anything mindset might phrase this differently. Instead of “will you sell?,” the better question might be, “how can you hold?” How will I manage…
This is Part II of the Passive Income for Beginners series. Start by reading Part I here. When I quit my 9-to-5 job, I had no concept of passive income. Like most people, I conceptualized money in terms of time: “they pay $25 per hour” or “she makes $60,000 per year.” When I quit my…
Imagine this: You hop on a flight to Brazil or Costa Rica or Thailand. You spend a month reveling in the sand and surf. You taste new foods. You discover new music. You spot wildlife you’ve never imagined. You don’t check email the entire time. Heck, you don’t even post photos to Facebook. You’re radically offline — like…
Note from Paula: Today I’m featuring a guest post from my friend Brandon Turner, who is officially The Tallest Guy I’ve Ever Met. I suggested that he write a post about “How I Got So Friggin’ Tall.” He countered by offering the juicy details on how he created $4,600 per month ($55,200 each year)…
My former partner and I bought our third rental property in May. We paid $0 down. We collect $15,000 per year in revenue. After expenses, including the financing, we pocket $3,000 per year in passive income from this rental property. Not bad, eh? NOTE: This article was last updated in July 2016 (and all numbers reflect…
Want to learn how to double … triple … even 10x your money? Read on. If you’re like most people, your only money-making asset is your ability to work. Take that away, and you’re sunk. But here’s a little-known truth: our ability to work is limited by our time, energy, and desire. Our money’s ability…