This week, we’re talking about how to make your home and other real estate work for you. Your home is an important part of your overall picture and should play a key role in your investments. Tune in to find out how much real estate you should own to have a healthy picture.

In each new installment of the Sum180 Webcast, we discuss issues around your money and share tips to help you reach your goals.

We’re talking about how to make your home and other real estate work for you. Your home is an important part of your overall picture and should play a key role in your investments. Tune in to find out how much real estate you should own to have a healthy picture.

View other webcasts on our YouTube channel.

2 thoughts on “Webcast: Your Home’s Role in Your Financial Well-Being”

    1. Thanks, Suzanne. Yes, buying a property as an investment fits into the recommended 20% real estate holding, no matter how you decide to manage it to generate income. But this is a guideline, so if this purchase puts you a little over the 20%, that can be okay as long as you realize that you will want to balance that out later.

      If it puts you a lot over the 20%, that introduces some more risk, and you may want to add more assets in other areas to balance things out before pursuing this strategy. One caveat on this advice is if you or your partner are real estate experts, so that your risk is lessened by your expertise. Even then you should work toward the 20% over time but you can probably handle a little more risk in the meantime.

      As to the decision to use AirBNB versus a full time renter, I would think that decision would come down to the analysis of how often you can keep it rented on AirBNB compared to the likely rent you can get from a full-time tenant, PLUS how much time you want to spend on this. Have renters of any kind require some extra time, but be sure you have a good handle on how much extra time it takes to have the rentals turn over frequently.

      As we said in our post about buying a multi-family home a few weeks ago, rely on/expect your realtor to really dig in and help model this out for you financially. They will know the “comparables” on rental income and may have some insight on AirBNB rentals, which can supplement your own research on what’s listed and what’s getting rented in the area you are targeting.

      Let us know how it goes?

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