Navigating Real Estate Investments

This chapter features a caller discussing their plans to convert a residential building into a rental studio, weighing estimated costs against potential income. The conversation covers financial strategies for managing renovations, maintenance, and unexpected expenses while considering job insecurity and rising property taxes. Personal anecdotes and practical guidance are shared to emphasize proactive financial planning in real estate investments.

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George Kamel and Ken Coleman answer your questions and discuss:

"Should we keep a rental if we're losing money on it?"
"I just found out I'm pregnant, how can I financially prepare?"
"I took out a pension loan, should that be first in my debt snowball?"
"Should we pull from savings to pay off debt?"
"Should I buy a house with 0% down?"
"Should surplus investing go into a brokerage or a Roth IRA?"
"I lost my job a month ago. When should I sell my house?"
"Is my boyfriend's lack of interest in getting a job a red flag about getting married?"
"Should I buy a house with my parents when my wife is totally against the idea?"
"Should I pay off my mortgage with my brokerage account?"
"How do I balance living for today and saving for the future?"
"Can I invest in a side hustle while paying off debt?"