The chapter explores the dilemma of whether to sell or rent out a condo, emphasizing the significance of calculating the cap rate to make informed decisions. It delves into the process of determining net operating income, assessing various revenue streams and deducting expenses. The discussion highlights the importance of making financial decisions based on mathematical analysis and understanding the long-term benefits of owning a rental property.
#499: Eugene and his wife are retiring with a $10 million net worth and a guaranteed income that exceeds their annual budget. Do they still need things like life insurance and a financial advisor?
The next question, at 30:24, comes from an anonymous caller. Her HOA costs have doubled since she bought her condo. She’s wondering if it’s still a good investment. Should she keep it or sell it?
We answer Nandini’s question at 48:14. Nandini and her husband save tons every month toward no goal in particular. What should they do with all their extra cash?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode499
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