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Home > Afford Anything | Make smart choices about your money, time and productivity > #004: Ultimate Beginner Guide to Real Estate Investing
Podcast: Afford Anything | Make smart choices about your money, time and productivity
Episode:

#004: Ultimate Beginner Guide to Real Estate Investing

Category: Business
Duration: 01:00:30
Publish Date: 2016-01-28 13:20:00
Description:

In this episode, 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.

 

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