Ask Paula -- I'm Tired of Paying Rent. Should I Buy a House?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 14 August 2017

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

#90: 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 manager? Daan from Malaysia asks: I'm a Dutch national who plans to be a global nomad for the next 10-15 years. I live in Malaysia at the moment, and I plan to continually travel internationally for my work. Many people in Asia are investing in real estate; do you have any recommendations for choosing investments abroad? A caller who wants to stay anonymous asks: I live in Denver and I'm tired of paying rent. I'd like to buy a house and eventually collect rental income from it, as well. But I'm having trouble saving enough money for a downpayment. Should I just give up? What should I do? Tom asks: I own land free-and-clear. Should I build on that land? Or should I buy a property that already exists? Finally, I tell the story of my most recent bout of lifestyle inflation. It involves sleeping in the back of my car. :-) Enjoy! - Paula For more information, visit the website at http://affordanything.com/episode90 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:10.8	Every decision that you make is a trade-off against something else, and that's true,
0:14.1	not just for your money, but your time, energy, focus, attention.
0:18.3	Every country you visit is one that you're not visiting at exactly that same time.
0:22.0	Every pet you adopt, every dinner you eat, you get the picture.
0:25.0	Okay, I don't have to belabor it.
0:26.7	The question becomes, given that we have way more choices than we have time or money or
0:31.9	interest in pursuing, what are we going to choose?
0:36.0	What is most important to us?
0:38.0	And how do we actually make sure that our day-to-day actions align with those choices, align
0:43.0	with those values?
0:44.7	Answering this is a lifetime practice, and that's what this podcast is here to explore.
0:49.5	My name is Paula Pant.
0:50.9	This is the Afford Anything Podcast.
0:53.2	Every other week I interview somebody, and every other week, every week in between,
0:57.6	I answer questions that come from you, the listeners.
1:00.3	Now, many of you call in with questions about real estate, and also many of you just don't
1:04.7	care about real estate whatsoever.
1:06.5	So how I handle these listener questions is that in some episodes, I only answer real
1:12.5	estate questions, and in other episodes, I answer the whole smorgasbord.
1:16.9	This episode is an episode in which I answer specifically real estate-related questions.
1:22.0	So if you are not interested in that topic, let's shake hands over the internet, over
	...

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