35: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 12 September 2013

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s Podcast, we sit down with blogger, investor, BiggerPockets contributor, and perhaps “the most interesting woman in the world”- Paula Pant. Paula has a unique perspective on personal finance that is helping her build a strong buy-and-hold portfolio while maintaining freedom and mobility that most only dream of. This interview is sure to fascinate, entertain, and give some great real estate investing advice that you can use in your own life. Read the transcript to episode 35 with Paula Pant here. In This Show, We Cover How traveling the world for two years led Paula to real estate Tips for managing tenants while on vacation How to avoid “creative accounting“ Paying yourself when managing your own properties Paula’s definition of “financial freedom“ Why pinching pennies might actually hurt you What “Lifestyle Design” is – and how to do it How to quit your job and start living a life you want Tips for saving for that first rental Benefits of blogging about your investing Links From the Show Paula’s interview on NPR Paula’s article: You Know What Really Sucks? Cubicles How I Accidentally Bought Two of Kurt Cobain’s Former Homes and Why That’s Not Even The Best Part. (Brandon’s 1st Small Multifamily Property Story) How to Buy a Small MultiFamily Property: A Step by Step Case Study The Ultimate Guide to Tenant Screening Travel Hacking Books from the Site: The Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki From 0 to 130 Properties in 3.5 Years by Steve McKight Tweetable Topics Theres a difference between active income and passive income. Know that difference. (Tweet This!) If I can make, in passive income, as much as the average us household earns – that’s financial freedom. (Tweet This!) Life is too precious to spend it doing something you hate. (Tweet This!) Blogging helps you clarify what you should be doing as a real estate investor. (Tweet This!) Connect with Paula Paula’s Blog: AffordAnything.com Paula’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 35.
0:05.0	You're listening to Bigger Pockets Radio,
0:08.0	simplifying real estate for investors large and small.
0:11.0	If you're here looking to learn about real estate investing without
0:14.8	all the height, you're in the right place. Stay tuned and be sure to join the millions
0:19.8	of others who have benefited from bigger pockets.com.
0:23.6	Your home for real estate investing online.
0:27.4	Hello everybody! everybody did that get your attention that got my attention what's going on everyone
0:38.2	this is Josh Dorkin host of the bigger pockets podcast a big hello to all of our listeners and an even bigger one to my co-host
0:47.5	Brandon Turner hey Brandon what's up everyone I want to apologize for Josh's loud obnoxious yelling at the beginning of this show.
0:54.0	Wow, okay, starting it off on the right foot aren't we?
0:58.0	There we go, there we go.
1:00.0	Yeah, yeah, how are things going?
1:02.0	Things are good. I burned myself on my lawnmower yesterday.
1:06.0	Seriously, I like totally like...
1:08.1	While you were mowing your lawn? No, maybe it was Sunday. It was Sunday. I burned my like yeah terrible anyway. Apparently lawnmower gets hot and you're not
1:17.2	supposed to touch that little metal thing on it and melt your skin to it.
1:21.5	That's why there's a big warning triangle on it and and for
1:25.2	anyone listening this is also why you may not want to take
1:27.8	fun to go advice from Brandon Turner if the guy can't figure out how to not burn
1:31.6	himself on a lawnmower you know. Well I'd have to out how to not burn himself on a lawnmower, you know.
1:34.0	Well, I'd have to know how to read in order to know how to read a warning label.
	...

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