When should you NOT use the one percent rule for rental property investing? In today’s episode, I encourage two callers to violate the One Percent Rule for real estate that they already own. WHAAATTTT? Why would I say that? Especially given that I’ve gained a bit of a reputation as The World’s Most Staunch Advocate of the One Percent Rule? (Long title, I know, but someone’s gotta wear it.) And if you’re not going to use the One Percent Rule, how should you make decisions about your real estate investments instead?[…]
Tag: real estate investing
15 Insightful Books about Investing, Money, Work and Life
I love to read. If you share my enthusiasm, you might enjoy this variety of books about money, work and life that I recommend. Feel free to scroll, or click on one of these links to skip ahead to your favorite section. Productivity Books Money Mindset Books Investing Books Real Estate Books Productivity Books Deep Work, by Cal Newport I’ve raved about this book several times, and I’ve also interviewed Dr. Cal Newport on my podcast, where he shared his tremendous insight into productivity and focus. If you’re tired of getting distracted by email, social media, and small tasks, read this book.[…]
8 Money Myths That Might Be Holding You Back
I live in a two-bedroom condo. It’s furnished with a used couch and used coffee table. My shoe rack is made from old cardboard boxes glued together. Almost everything else in my home is from Craigslist, Amazon and Overstock. I consider IKEA to be a splurge. My favorite hobbies are hiking and camping (free and cheap). My friend Amanda cuts my hair. (In fairness, she’s a hairstylist.) I can’t remember the last time I got a manicure or pedicure. When I travel overseas, I fly with airline miles and visit countries where the exchange rate works in my favor. The cheapest car I’ve ever purchased cost $400. I[…]
#92: How Do I Hire an All-Star Rental Property Team?
If you’re interested in real estate investing, and if you’ve wondered how to assemble an all-star team, today’s episode is for you. I’m hosting another edition of Ask Paula, in which I tackle three audience-submitted questions about building a team as a real estate investor. Salome from Cincinnati asks: Who are the people I’ll need on my real estate team? How much will I spend in paying them? And how can I find[…]
#90: Ask Paula – Your Rental Property Questions
Curious about real estate investing? I’m rocking the microphone solo on today’s episode, tackling the rental property questions that you — the listeners — have asked. Rachel from the Ozarks asks: I’m inspired to start investing in real estate. I live in the Ozarks region, and the cap rates around here are fantastic. However, the online reviews for local property management companies are consistently terrible. What should I do if I can’t find a good property[…]
#86: Ask Paula – Should I Keep my Properties in an LLC?
It’s time for another real estate edition of Ask Paula! Our first question comes from Heather: Heather is ready to buy her first rental property. She wants to acquire about one house per year, following a buy-and-hold strategy. What’s the best way to structure this? Should she put her properties into an LLC? Hold them in her own name? Something[…]
#82: Ask Paula – How Do You Pick a Rental Property?
Welcome to another Ask Paula episode! This week, I answer three real estate questions: #1: What criteria do you use when you’re shopping for an investment property? What qualities make you say, “heck yeah I’m buying this!!” — and what qualities make you say, “No way!” #2: I enjoy renting my personal home, but I still dream of investing in rental properties. Does it make sense to buy a rental property, even while I’m still a renter[…]
#78: Ask Paula (and Will) – How Technology is Changing the Future of Real Estate Investing
Eating avocado toast. Yeah, I went there. 😊 Imagine that you’re looking for a rental property. It’s a warm Saturday afternoon, and you decide to cruise through a few open houses in the area. Your autonomously-driving electric vehicle pulls into the driveway. Your wifi-enabled contact lenses automatically register the property’s details: square footage, year of construction, sales history, tax assessment, price-to-rent ratio, average neighborhood occupancy rates, and multiple cap rate estimates. As you walk through the property, your contact lenses display the digital history of every item — the furnace, dishwasher, windows –[…]
#69: Ask Paula – The Real Estate Edition
This week, I’ve devoted a special episode of Ask Paula to answering questions about real estate investing. Our first question comes from Ade, who has $25,000 to invest in real estate and lives in the Bay Area. Understandably, he’s thinking of investing out-of-state, and wants to know if Atlanta is still a good city to invest in. Where can the best deals be found? Krystina lives and has four rentals in Vermont, but she’s sick of the cold. She’s thinking of selling the properties and moving elsewhere. She asks: if you had to start over, where would you buy and what type of property would you[…]
#63: Ask Paula – Travel vs. Passive Income, Proximity in Real Estate Investing and Selling Off Properties
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 back from my world travels and start building a real estate portfolio only a few years[…]
