#4: Paula shares a confession. Then she redeems herself by sharing her gross monthly income. (Yeah. Listen from the beginning). Full show notes at http://TheMoneyShow.co/04 There are a variety of ways to invest in real estate: Flipping houses Buy-and-hold Tax liens Wholesale Income-producing rental properties (commercial and residential) Paula loves residential rental properties. Ask yourself: Do you want capital appreciation or cash flow from rental income? Paula puts a few guidelines in place to determine if a property is right for her. First of all, the monthly rent needs to be at least 1% of the total acquisition price. Example: A $100,000 home would need to rent for $1,000 a month. Why? Because roughly half of the rent is gobbled up by operating overhead: Taxes, Insurance, property management, and repairs/maintenance Paula offers much more valuable information in this episode and on her blog, AffordAnything.com.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

#2: Once again, Paula and J. Money see things differently. J. Money preaches budgeting, Paula practices the “anti-budget”. J. Money examines every expense to find savings. A couple years ago he switched phone providers and saves $100 a month, $20 a month on insurance and $60 on cable. Paula recommends saving at least 20 percent of your income first, then go wild with the rest; “Don’t feel guilty about spending money on Coke Zero or turtle food” Who is right? To leave a comment or contact the hosts, visit https://affordanything.com/episode2 Learn more about your ad choices. Visit podcastchoices.com/adchoices