Q&A: Two Weeks Until My Tenants Move In And I Have Nowhere to Go

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.7 • 3.6K Ratings

🗓️ 4 February 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

#579: Todd is in a real estate bind. He found out six days before closing on a new home that it wasn’t legally sellable. And renters are moving into his current home in two weeks. What should he do? Anonymous is excited about expanding her real estate portfolio. Should she sell her $2.5 million rental property in the Bay Area to do this, or can she keep it and leverage the equity instead? Former financial planner Joe Saul-Sehy and I tackle these two 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/episode579 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, can you imagine what you would do if you rented out your home and then discovered that you can't actually move out?
0:06.7	Oh, man.
0:08.1	Right.
0:08.6	Well, welcome to roommates.
0:13.1	Unintended roommates.
0:14.4	The problem is, even if you're open to it, the people that you rented to might not be.
0:19.7	Well, I would give those people one star on Yelp because I'd be a wonderful roommate.
0:23.5	Oh, I'm sure you would be, Joe.
0:25.5	We're going to answer a question about that today.
0:28.9	We're also going to answer a question from someone who has some money to invest in real estate
0:35.8	and is wondering how to kick things off. Welcome to the
0:40.1	Afford Anything podcast, the show that knows you can afford anything but not everything. Every
0:45.0	choice carries a tradeoff and that applies to your money, time, focus, and energy. This show covers
0:49.6	five pillars, financial psychology, increasing your income, investing, real estate, and
0:54.0	entrepreneurship. It's double eye fire. I'm your host, Paula Pantt. I'm your income, investing, real estate, and entrepreneurship.
0:55.1	It's double eye fire. I'm your host, Paula Pant. I trained in economic reporting at Columbia.
1:00.3	Every other episode, I answer questions that come from you. And I do so with my buddy, the former
1:05.7	financial planner, Joe Saul C-high. What's up, Joe? Hey, I am living here in mom's basement, so I know what it's like
1:12.1	living with other people. So I think I'm expertly qualified to answer today's question.
1:17.7	Oh, yeah, it's a doozy. So our first question today comes from Todd.
1:22.2	Hi, Paula and Joe. This is Todd from Salt Lake City, Utah. I've been listening to the Afford Anything podcast since way back when when it was
1:31.5	The Money Show.co.
	...

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