TMBA 339: Can You Invest in Property if You Don't Have Much Money?

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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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Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian