Mar 20, 2017
#69: So many Afford Anything listeners have great questions
about real estate investing. That's why this episode of Ask Paula
is dedicated to answering them.
Our first question comes from Ade, who has $25,000 to invest in
real estate and lives in the Bay Area. Understandably, he's
thinking of investing out-of-state, and wants to know if Atlanta is
still a good city to invest in. Where can the best deals be
found?
Krystina lives and has four rentals in Vermont, but she's sick of
the cold. She's thinking of selling the properties and moving
elsewhere. She asks: if you had to start over, where would you buy
and what type of property would you buy?
The next question comes from Kayla, who wants to know how to report
rental income on your taxes when you also live in the property. Are
there any tax implications to be aware of?
Claire is relocating to California, and is curious to know if she's
better off renting, or if she should max out her mortgage loan
potential and buy a house that has a detached garage she can rent
out to cover the increased mortgage.
Our next question comes from a listener with a paid-off rental who
also has an Airbnb on her property. Nice! But, she has a $160,000
mortgage on her own house. She has $30,000 in the bank and wants to
know: should she put it toward her mortgage, or use it to buy
another property?
Our last question comes from Katie, who's eyeing a vacation rental
in one of her favorite destinations. Does it sound like a good
idea? And how can she estimate the cap rate (and her expenses)
without a ton of information on the property?
We dive into these topics - and more - in today's episode.
Enjoy!
To be included in Paula's Real Estate Course, click on the link in
the show notes at http://affordanything.com/episode69