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Afford Anything | Make Smart Money Choices

Ask Paula - Should I Keep My Properties in an LLC

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 17 July 2017

⏱️ 30 minutes

🧾️ Download transcript

Summary

#86: The real estate questions keep coming in, so today I’m answering questions from three Afford Anything listeners: Heather is ready to buy her first rental property. She wants to acquire about one house per year, following a buy-and-hold strategy. Salome and her husband are renting out an unused room in our house on Airbnb. We're interested in venturing into buying rental properties later. Then Caren talks about coming across several real estate investing clubs, or memberships, in which the organization pulls together a list of various contractors and property managers. What are Paula’s thoughts and experiences with these types of things? For a full list of show notes and resources, visit http://affordanything.com/episode86 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.

0:10.7

Every decision that you make, every dollar that you spend is a trade-off against something

0:14.2

else.

0:15.2

So, the question is twofold.

0:17.4

Number one, what are your highest priorities?

0:20.0

What do you value more than anything else?

0:22.9

And number two, how do you align your day-to-day actions in order to reflect those goals in those

0:28.1

priorities?

0:29.9

Answering those is a lifetime practice and that's what this podcast is here to help you

0:32.9

achieve.

0:33.9

My name is Paula Pat.

0:34.9

I'm the host of the Afford Anything Podcast.

0:37.3

Every other week I answer questions that you, the listeners, the community have submitted.

0:42.3

And every now and again, I consolidate several real estate-related questions into one episode.

0:48.0

That way, if you're interested in real estate, you can continue listening.

0:51.2

And if not, you can drop off here and we'll meet in the next episode.

0:54.9

So today, I'm answering specifically questions that you have sent in about real estate.

1:00.7

Our first one comes from Heather.

1:02.7

Hi Paula, this is Heather.

1:05.9

Thank you for your podcast.

1:07.2

I'm very inspired by you.

1:09.6

In fact, I have created a fund and I'm ready to purchase my first rental property.

...

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