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Afford Anything | Make Smart Money Choices

Ultimate Beginner Guide to Real Estate Investing

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 28 January 2016

⏱️ 61 minutes

🧾️ Download transcript

Summary

#4: Paula shares a confession. Then she redeems herself by sharing her gross monthly income. (Yeah. Listen from the beginning). Full show notes at http://TheMoneyShow.co/04 There are a variety of ways to invest in real estate: Flipping houses Buy-and-hold Tax liens Wholesale Income-producing rental properties (commercial and residential) Paula loves residential rental properties. Ask yourself: Do you want capital appreciation or cash flow from rental income? Paula puts a few guidelines in place to determine if a property is right for her. First of all, the monthly rent needs to be at least 1% of the total acquisition price. Example: A $100,000 home would need to rent for $1,000 a month. Why? Because roughly half of the rent is gobbled up by operating overhead: Taxes, Insurance, property management, and repairs/maintenance Paula offers much more valuable information in this episode and on her blog, AffordAnything.com.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Alright, I'm just gonna do a quick test.

0:02.3

Here, will you say something?

0:03.6

Something!

0:04.9

You were listening to the Paula and Jay Money Show.

0:09.6

We'd rather be at a bar with you right now, but this is the next best thing.

0:13.2

It's financial freedom time, with Paula Pant and Jay Money.

0:16.6

What's up, Paula Pete?

0:21.0

Oh my goodness, so I, uh, alright, so here's a lesson on what not to do.

0:25.6

The day that I don't know when this podcast is going to come out,

0:28.6

but to all of you listeners out there in Listenerland, today is October 14.

0:33.6

Which means that if you're like me and you filed a tax extension,

0:40.2

didn't file your taxes on April 15, like you should have,

0:43.2

and instead filed a six month extension,

0:45.6

the extended tax deadline is tomorrow, October 15.

0:50.0

And so if you are like me, you wait it until the day before the extension deadline

0:56.2

to actually get your shit in order.

0:58.8

Yeah, and that's just, I mean, I'm blown away just from hearing that.

1:03.8

Hey, wondering why the sound quality kind of sucks?

1:06.8

Uh, it's because we don't really know what we're doing, at least not yet.

1:09.8

So if the sound quality bothers you, just skip ahead to episode like 5 or 6 where we figure it out.

1:15.8

But if it doesn't bother you, stick around, we got some good stuff.

1:19.4

Well see, Listener, such a hustler that you didn't want to do the taxes

...

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