Ask Paula: I’m Recently Retired. Do I Pay Off My Rentals Or Buy More Real Estate?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 5 August 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion? Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment? An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market? I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode455 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	On the first Friday of every month, we put out a first Friday bonus episode.
0:05.4	So welcome to the August 2023 first Friday bonus episode.
0:12.8	Today I am hosting a solo show.
0:15.4	I am going to cover four questions about real estate.
0:18.6	If you're not interested in real estate investing,
0:20.6	don't worry.
0:21.6	Our normal weekly show, we just released a couple of days ago.
0:25.0	Episode 454, so check that out.
0:27.6	Otherwise, if you are interested in real estate investing,
0:30.4	if you're invested in real estate investing,
0:32.6	you're going to enjoy today's special additional bonus episode.
0:36.2	So welcome to the afford anything podcast.
0:38.9	My name is Paula Pant.
0:40.0	This is the podcast that understands you can afford anything,
0:43.4	but not everything.
0:44.4	Every choice that you make is a trade off again, something else.
0:47.2	And that doesn't just apply to your money,
0:48.8	that applies to any limited resource you need to manage,
0:51.0	like your time, your focus, your energy, your attention.
0:54.8	Two questions arise from that.
0:56.0	First of all, what matters most?
0:58.4	And second, how do you align your priorities with that
	...

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