We’re back with another Ask Paula – Real Estate Edition of the show!
In this episode, we cover down payments, cash flow, investing in condo hotels, building a rental on the side of your own house, selling your properties, and whether it’s better to buy actual properties or REITs.
Would you ever put 30% down (or more) in order to make a rental property cash flow positive?
In 4-5 years, I’d like to have a rental property for diversification and passive income. Is it better to stick with the plan to buy rentals, or should I go into REITs?
Additionally, if I want to invest in rentals, where should I look?
Could you tell me if investing in condo hotels as a rental property is a good idea? I’m 10 years away from retirement, and I was thinking of buying one in Las Vegas, since I plan to move there when I retire.