How to Make a Better Comparison Property Calculator

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Any given August is going to be comparable to any other given August. But as you get closer and closer to the date and vacancy becomes more of an imminent threat, the prices drop. So actually, if you really wanted to make this a more robust spreadsheet, you would have to restructure the spreadsheet in order to include not just what kind of occupancy they're looking at ahead, but also how those prices shuffle. I'd have to give some thought as to exactly how you would redesign the spreadsheet. Somebody who's really good at spreadsheet design could probably help you with that.

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

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