Podcast 33:16 | Download | Stitcher | iTunes | Comment
On today’s episode, Dan and Ian are speaking with Paula Pant.
A while ago, when Dan was experimenting with renting a place on AirBNB, he stumbled upon Paula’s blog at AffordAnything.com.
On this site Paula Pant shares, with complete transparency, her business model for property investment, including an outline of how she created a real estate portfolio that now provides her with a healthy monthly cash flow.
You’ll also hear some of Paula tips, including the ‘1% rule’ that she applies before making any new purchase, and some of the mistakes that she made along the way.
Listen to this week’s show and learn:
- What made Paula realize that real estate was the path to her location-independence. (3:49)
- Paula’s definition of financial freedom. (7:05)
- How much time Paula spends per month on her properties. (7:35)
- What “The 1% Rule” is and how Paula uses it to make decisions on property investments. (14:44)
- Where an entrepreneur with money in the bank should get started if they are interested in real estate. (22:28)
Mentioned in the episode:
- The Dynamite Circle
- The DC Podcast
- AffordAnything.com
- Rich Man, Poor Man by Adam Carolla
- AirBNB
- The 4 Hour Workweek
- MLS.com
- Zillow
- Homesnap
- Trulia
Enjoyed this podcast? Check out these:
- TMBA275: How Should an Entrepreneur Invest $50,000?
- TMBA328: How Do You Manage Your Money?
- TMBA334: Here’s How We Plan to ‘Manage’ Our Money
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- Have comments about the show, or ideas for things you’d like Dan and Ian to discuss on future episodes? Our producer Jane would love to hear from you at jane@tropicalmba.com.
Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian