Real Estate Mailbag

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 25 September 2020

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

In sticking with the theme from yesterday, today we're answering nothing but real estate related questions. There's so many we could probably do a few episodes on the housing market alone! Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Show The old is always is 18 and 5 years old
0:15.0	30 years old, lost to men and culture in happen and
0:19.0	be right for a hair house for the wrongs.
0:22.0	Fly bake. No, Gary, then be better. for a fly bake
0:23.6	new gyrh, then we've up the next
0:25.8	of Lufthans a group ponged careers
0:28.8	welcome to the Jill on Money Podcast. It is Friday, September 25th and as promised
0:38.4	yesterday, if you were listening, we ran a segment that I did this week on CBS this morning. Today we're focusing on your housing questions.
0:49.0	If you have something that is gurgling up, Maybe it's about renting versus buying. Maybe it's
0:55.1	about your mortgage. Maybe it's about anything that is real estate related or anything else.
0:59.9	I know this is on a lot of people's minds. Send us an email.
1:03.8	Ask Jill at Jill on Money. com.
1:07.5	Sean writes, I love your show
1:08.8	and I'm a long time listener first time emailer
1:11.6	and I have a question, should I pay off my 5% rental property mortgage.
1:16.7	Okay so here's a deal. It's $200,000 balance on a rental property at 5%.
1:22.3	The rental property cash flows positive. That's great.
1:25.6	Sean's annual income, $180,000, two kids, partners at home, and get this, four rental properties three are paid off primary
1:36.4	residence five hundred thousand dollar house with a three hundred sixty
1:40.3	thousand dollar mortgage the mortgage is at 2.64%. Max Out Roth IRA, Max Out 401k. Wow, good. My investment
1:49.9	account, $60,000, $22,000 of cash.
1:53.3	It's low, but I have focused on expanding
	...

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