Now that Nicole and I are mortgage free, we’re moving onto our next big financial challenge: Buy-and-Hold Rental Real Estate.
Over the past year, I’ve been doing my best to educate myself in real estate by reading books and blogs and listening to podcasts on my daily commute. One of the podcasts I’ve been enjoying a lot is called Afford Anything hosted by Paula Pant.
Paula is a real estate expert. She’s built an incredibly comfortable life for herself and her husband with 7 buy-and-hold rental units. They spend an average of about 1 hour per week managing the properties and they make an impressive income.
Since Nicole and I are newbies with the rental real estate game, I asked Paula to join me on the show today to discuss her path from 0 to 7 units and how real estate has allowed her to truly enjoy a life of pursuing her passions.
About Our Guest: Paula Pant
Paula Pant is an award-winning writer and speaker specializing in money, business and real estate investing.
She has been featured in more than four dozen major publications, including Forbes, Fortune, Money.com, AOL DailyFinance, Marketplace Money, Kiplinger, Bloomberg Business, Inc. Magazine, Business Insider, and many more.
Paula is a real estate investor, as the owner of seven rental property units in metropolitan Atlanta. She holds a real estate license in Georgia.
What are we covering today?
Paula and I chat about:
- How she got into real estate
- The strategies she used to scale up to 7 rental units
- Why she thinks your success (or failure) as a real estate investor happens before you buy
If you’re considering real estate as a passive income source for you and your family, you will not want to miss this chat with Paula.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNES, GOOGLE PLAY OR STITCHER.
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>real estate as a passive income source
Let’s be real, is real estate ever really truly “passive income”? Especially if you’re renting and playing the role of landlord? I suppose maybe it depends on the location and what kind of properties you’re renting.
Depending on how you structure it, real estate investing can take up quite a bit of your time.
Based on my interview with Paula, she has figured out a way to spend about 1 hour per week on it and make nearly $40k per year in profit.
I’ll be working to follow in her successful footsteps over the next few years.