“We Found A Way to Make Money By Accident…But We HATE It!”
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 11 September 2024
⏱️ 37 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Here's a good problem to have you stumble into an income stream, but you just don't like it. |
| 0:12.2 | I am so excited because sometimes in our financial lives, |
| 0:16.0 | things happen and they have my accident. |
| 0:17.9 | We want to know how we can navigate that. |
| 0:20.2 | I love that we get to answer questions like that. |
| 0:22.3 | And I love that we can answer questions |
| 0:24.4 | that you care about so if you have a question you want us to speak into make sure |
| 0:28.6 | you get it in the chat right now because we want to load you up. With that, Creative Director, Rebe, I'm going to throw it over to you. |
| 0:37.0 | Yeah, we're going to kick it off with a question from Alex T. |
| 0:40.0 | He says, at what point should I consider selling an accidental rental property? |
| 0:46.0 | I'm making about 10% cash on cash, but it seems like a lot of work for 300 bucks per month. So what do you have to say to Alex? |
| 0:55.0 | Well, one, Alex, I want you to know you're not alone. I'm not sure how you came into this |
| 1:00.3 | accidental rental property, |
| 1:02.6 | one of two things likely happened. |
| 1:04.2 | Either you inherited a property |
| 1:07.0 | that you did not previously purchase, |
| 1:08.5 | and maybe it was already a rental property, |
| 1:09.9 | and there are tenants in there, |
| 1:10.9 | and so that's taking place. |
| 1:12.0 | Or maybe two, you bought your first |
| 1:14.2 | home and you decided that you wanted to move homes but for some reason you could not |
| 1:17.7 | sell so you ended up buying the second home and turning your first home into a |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

