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Afford Anything | Make Smart Money Choices

Ask Paula: We Want to Start Househacking in a Duplex. Should We?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Business, Investing, Entrepreneurship

4.73.6K Ratings

🗓️ 25 February 2019

⏱️ 58 minutes

🧾️ Download transcript

Summary

#179: Should a couple in New Orleans sell their single-family home and use the sale proceeds to househack into a duplex? What do you think about turnkey investments? What tax consequences will someone face if they transfer their property to their parents? How do you handle tough situations related to the way some home renovation contractors treat women? What’s the latest update on your real estate course? I answer these five questions on today’s podcast. For more information, visit the show notes at https://affordanything.com/episode179  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.

0:10.6

Every decision that you make is a trade-off against something else and that doesn't just

0:13.6

apply to your money.

0:14.7

It applies to any limited resource in your life like your time, your focus, your energy.

0:19.7

Where you put your mind, when it's on something, it's not on something else.

0:23.8

There's an opportunity cost associated with everything, every dollar, every hour, everything.

0:30.6

So what matters most?

0:32.4

What do you value in your life and how do you act accordingly?

0:36.6

That's what this podcast is here to explore.

0:38.3

My name's Paula Pat.

0:39.4

I am the host of this podcast every other week.

0:43.1

We interview a guest and on the weeks in between I take questions from you, the audience.

0:47.6

Of these episodes in which I answer community questions, half of these episodes I answer

0:53.5

questions about general personal finance.

0:56.2

And the other half, I answer questions that are specifically about real estate.

1:00.8

So one out of every four episodes is one in which I talk about real estate and this is

1:05.5

that one in four episodes.

1:07.6

If you are interested in the topic of real estate, keep listening.

1:11.0

If you're not, and I don't expect you to be, because real estate is one of those things

1:15.0

if you're into it, if you're into it, if you're not, you're not.

1:18.0

Three out of four of our episodes are not about real estate at all.

1:23.4

So browse through our archives.

...

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