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Tag: your first rental property

March 29, 2021Written By Paula Pant

How Kelsey Bought a Rental Property in Joshua Tree, California

Kelsey Kaszas loves numbers.

But crunching numbers too much can be a crutch, rather than a tool.

Before she enrolled in Your First Rental Property (YFRP), Kelsey found herself stuck in analysis paralysis. She wanted to invest in rental property, but she kept crunching theoretical numbers without taking action.

“When people talk about how difficult it is to get over analysis paralysis, that is me, that is absolutely me, because I’m such a numbers person,” she said. “I love to analyze every single aspect of something new.”

She’s not alone.

Analysis is great. But analysis paralysis, when overthinking or overanalyzing leads to inaction, is one of the most common obstacles new investors face.

When you’re putting significant savings on the line, analysis paralysis is a normal fear-based response.

But it sidelines you. It shortens your time in the market and the compounding gains that follow.

Kelsey recognized this and enrolled in the course to learn how to rigorously analyze properties without succumbing to analysis paralysis.

She learned how to transform analysis into action.

Keep reading...

May 21, 2020Written By Paula Pant

“Invest in real estate during a pandemic? Are you crazy?”

“Invest during a pandemic? Are you crazy?”

That’s a reasonable question. Why would anyone want to invest in a volatile market and in the midst of economic uncertainty?

But recessions create opportunities. Yes, it’s terrible that millions have lost jobs and suffered huge portfolio losses, but the unfortunate reality is recessions happen. Like it or not, this is our current situation. By looking at the market and asking “what opportunities can I find?,” we contribute to the recovery. 

We contribute to the recovery in all types of investments: stocks, real estate, side hustles. 

When we buy stocks, we infuse capital into companies that we believe in and/or into the market as a whole. 

When we buy, renovate and rent properties, we create jobs for contractors, agents and property managers and we offer our tenants a safe, comfortable and well-maintained home. 

When we start a side hustle, we build products or services that thrill our clients and create jobs for our team. 

When we invest, we participate in the recovery. Recessions are an unfortunate fact of life, but they carry a silver lining. And for newbie investors in particular, recessions can open the door.   

Unfortunately, during times of uncertainty, many people surrender to their fear of investing. They sit in cash until it’s too late.

Keep reading...

April 22, 2020By Erin @ Team Afford Anything

What’s Inside Your First Rental Property? | FAQs

Do you want a real estate course that will take you from knowing nothing about buy-and-hold real estate investing to buying and renting your first property?

Then this is the course for you.

Our real estate course, Your First Rental Property, opens for enrollment on Monday, November 30th, 2020.

Enrollment only opens twice a year: […]

Keep reading...

September 23, 2019Written By Paula Pant

We Have Exciting Your First Rental Property News!

Heyyy!!

Guess what guess what guess what guess what? (Can you tell I’m excited?)

Ahem. Clears throat, pulls self together.

Enrollment for the Fall 2019 semester of my favorite course in the world, Your First Rental Property, is open now!!

✨😀🍩🥳📣🙌🤩🍻🔔💥

If you’ve dreamed of owning rental properties but you want a step-by-step roadmap to show you the ropes (whoa, how’s that for a mixed metaphor?!), this is the course for you!

If you’re thinking:

“Awesome! Could this course help me run faster, jump higher, reduce wrinkles, and build six-pack abs?!”

Uhhhh … nope. Not yet.

But if you’re thinking:

“Awesome! Could this course help me avoid losing tens of thousands of dollars in dumb novice mistakes as a real estate investor?”

HECK YEAH!

Keep reading...

July 1, 2019By Paula Pant

#201: Ask Paula – Which House Should I Pay Off First?

Ross and his wife are both in the Navy. They bought a home while they were stationed in Hawaii. Then the Navy sent them to Virginia, where they currently live; they’ve purchased a home there, too. They kept the Hawaii home as a rental property, and they’d like to move back into it when they retire. Which home should they repay first?

Mike is 33, debt-free except for his mortgage, and earns more than $200,000 per year. He saves half of his income. What should he do with his savings? Pay off his mortgage? Invest?

Josh has a nervous habit of checking his investment account balances daily. How can he break this habit?

Amanda and her husband live in a duplex. They have $115,000 in equity in their home, and another $115,000 remaining on the mortgage. They’d like to move. Should they hold the duplex as a rental? Or should they sell and use the proceeds to buy a cheaper home, with a goal of being mortgage-free?

Christy wants to know how to compete with other aggressive real estate investors who are bidding on homes.

I answer these five questions in today’s episode. Enjoy!

Keep reading...

April 3, 2019Written By Paula Pant

This is the article I’ve waited for three years to publish …

After three years of development, I’m ready to make the announcement.

The rental property investing course, Your First Rental Property®, is opening for enrollment on Monday, April 8th.

Here’s everything you need to know about this course: the who, what, where, when, why and how.

Keep reading...

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Afford Anything

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