Ask Paula: Marriage and Money: What Are the Right Conversations?
Afford Anything
00:00
Would I Buy This Now?
The first rule of a rental property that is intentionally purchased is that it must be cash flow positive. You want to hold assets that are putting money in your pocket every month, not assets that are taking money out of your pocket each month. When you're evaluating an asset, it's useful to ask the question, would I buy this today? And if you wouldn't buy it, that doesn't necessarily mean sell it.
Transcript
Play full episode
