Ask Paula - Should I Be an Out-of-State Airbnb Host?
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 25 September 2017
⏱️ 42 minutes
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| 0:00.0 | You can afford anything but not everything. Every decision that you make is a trade-off |
| 0:12.1 | against something else. Saying yes to one thing implicitly means you're saying no to |
| 0:16.1 | another. And so the question is, what do you value most and how do you align your actions |
| 0:22.2 | to reflect those values? Answering these two questions is a lifetime practice and that |
| 0:26.9 | is what this podcast is here to explore. My name is Paul Hantt, host of the Affordable |
| 0:31.0 | Foundation podcast. Every other week I answer questions that you, the community, the listeners |
| 0:36.1 | have sent in. In some of these episodes I answered general questions about any money or |
| 0:42.3 | work or productivity related topic. And in other episodes, because I tend to get a lot |
| 0:47.2 | of real estate questions, I will occasionally dedicate a full episode to specifically real |
| 0:52.9 | estate related questions that you all have sent in. That way if you're interested in |
| 0:56.6 | the topic of real estate, you can tune in. And if not, then that's cool. You don't |
| 1:01.2 | listen every episode. So today is a day in which I'm answering specifically questions that |
| 1:06.4 | you've sent in about real estate. And our first one comes from Chris. |
| 1:09.2 | Hey, Paula. My name is Chris. My wife and I moved to Orlando in the beginning of the year. |
| 1:15.7 | My wife works as a manager for a YMCA after school program and I'm a flight instructor building |
| 1:22.0 | my time to become an airline pilot. Our dream is to build passive income through rental |
| 1:27.1 | properties over about the next 30 years. And so that by the time we're about 55, we want to be |
| 1:32.8 | financially independent, have about 15 or so, buy and hold type investment properties, |
| 1:40.0 | for me to retire from the airlines at that point with flight benefits. And from there out, |
| 1:45.2 | be able to travel and see the world without any job obligations outside of those |
| 1:51.6 | rental properties. The thought or the plan of how to do that has always been to purchase a duplex, |
| 1:59.5 | live in half of it, run out the other half, pay it down enough to be able to buy another one and |
... |
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