Afford Anything Q&A: We Want to Save Senior Dogs … But Should We Sell Our Rental to Do It?
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Jan 6, 2026 A dream of creating a sanctuary for senior dogs sparks a financial debate over selling or refinancing rental properties. The hosts discuss funding options and the heavy demands of running a nonprofit. Meanwhile, another caller grapples with optimizing retirement savings through strategic Roth conversions. With a young adventurer planning an epic hiking year, the hosts navigate tax opportunities and the importance of life's experiences, balancing financial planning with personal fulfillment.
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Do 10 Informational Interviews First
- Talk to 10 people who run different-sized animal rescues to learn operational realities and pitfalls.
- Use those conversations to decide whether to keep, refinance, or sell your rental before funding the sanctuary.
Don't Start Another Business Right Now
- Avoid buying an unfamiliar business or starting a second full-time venture while launching a nonprofit.
- Do not drain liquidity into new rentals or businesses until you have a cash cushion and emergency fund.
Sell To Secure A Cash Cushion
- Selling the rental gives a larger cash cushion and flexibility to seed the sanctuary and max out retirement accounts.
- Re-enter the rental market later with learned experience rather than holding one property as sacred.