Anonymous: I have a question about real estate and portfolio diversification. In early 2021, we purchased a short-term rental property in a mature tourist market centered around Hockey Hill State Park,. The number of tourists has also been consistently increasing year over year; that trend seems to be continuing. My main question is whether this is too much concentration for our portfolio, being in one market. Modern Buffett advocates for concentration in stock investing when there is professionalism and confidence. Why not with real estate?
#405: Daniel and his wife want to go on an extended vacation and leave their jobs next year…and still have money in case there’s a problem at their rental properties. Would a HELOC help them?
Anonymous and her husband have received a large commission and want to understand how to better plan for their future by optimizing for these inconsistent windfalls.
Brian has hit coast F.I.R.E and would like guidance on how to prioritize between tax advantaged accounts and retirement accounts.
Anonymous and his wife have been focused on getting short term rentals in a single location - is his portfolio too focused on this singular strategy??
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
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