Owning r s us, owning some stock in the company you work for can be ok. But loading up on a company that you work for, not ok. The larger your net worth gets, the more it's ok to hold on to bigger numb. If what you want is to live part time in miami and then monotize that condo when you're not there, i think that's fantastic. That's different than buying an investment property. And if that's what you want, i support that. I'm all for that. Yes, myamy is nice. You never know unless you're the person that actually is controlling the books.
#342: Russell is a busy professional who’d like to invest passively in real estate. Is there data he can use to compare this approach to owning and managing their own properties?
Laura wants to purchase her first investment property in Miami. Should she cash out some RSUs and stock from her company to use as a down payment? And what type of mortgage is she eligible for since she already owns a home?
Jordan and his wife own three properties and are under contract on a new house since they have a new baby on the way. Should he sell any of his existing properties to be in a stronger cash position, thus mitigating the risk of future fluctuations in his income as a real estate broker? Or should he keep his rental properties since his goal is to reach financial independence through rental income?
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
For more information, visit the show notes at https://affordanything.com/episode342
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