Ask Paula (and Will) - How Technology is Changing the Future of Real Estate Investing

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 22 May 2017

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

#78: 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 -- keeping you up-to-date with the full installation and service history of every home component. Welcome to the future of real estate investing. What's looming on the horizon? How will technology -- including augmented reality and 3D printing -- affect the way we analyze and purchase rental properties? I chat about this topic, and more, in today's podcast episode. This week, I feature another Ask Paula episode, answering questions that this community has submitted. This week's theme is real estate, and I've invited Will to join me as we tackle your questions about rental investing. Enjoy! For more resources, visit the website at http://affordanything.com/episode78 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, you can afford anything and everything? Is that the thing?
0:12.0	That's the thing.
0:13.0	That's a totally a thing, right?
0:14.0	Totally a thing.
0:15.0	You can afford avocado toast and a house and a Lamborghini?
0:20.0	Yes, although I don't necessarily recommend eating avocado toast in a Lamborghini.
0:24.0	Ooh, can you eat a Lamborghini on top of avocado toast?
0:28.0	If it's made of chocolate.
0:29.0	Ooh, that sounds pretty good.
0:31.0	Does chocolate and avocado go together?
0:33.0	Everything goes with chocolate and everything goes with avocado, so yeah.
0:36.0	Ah, by the transit of property of everything.
0:38.0	So anyway, for those of you who have never heard the show before and wonder what you've just
0:42.0	tuned into, this is the show that believes that you can afford anything but not everything.
0:47.0	Which means that every decision that you make is inherently a trade-off.
0:51.0	You're either going to buy X or you're going to buy Y.
0:53.0	And money is abundant, but it is also limited.
0:56.0	So your goal in terms of money management is to align your spending with your values.
1:02.0	What do you want most in life and how are you going to direct your dollars there?
1:06.0	My name is Paula Pat.
1:07.0	I'm the host of the Afford Anything Podcast.
1:09.0	Every other week, I answer questions that you, the listeners, have submitted.
	...

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