Have a question? Get answers. Email us: askpete@petetheplanner.com
And we’re back for a new week. Pete and Damian highlight the latest reports and dig into the mailbag to address what’s happening in our listeners’ lives.
::whisper:: Listen for a special offer code! HEY MONEY! is your new secret weapon for advice in your personal finances.
No time to listen? BUMMER. Here’s some of what happened:
Show Notes:
Reports:
-
- A pandemic, an incredible recession, a stock market crash, and the racial injustice people are finally recognizing on a bigger scale…have beaten us up these past four months. BUT there’s good news?!
- There are going to be pages and pages of text written about this time period we’re in right now. The markets are up more than expected and the most recent jobs report was not as bad as we thought it might be.
Mailbag Question 1:
-
- “We make about $110,000 per year in Mobile, AL. We can rent an apartment for about $750/month, but we’re looking into house hacking – (live in part of duplex/tri-plex and rent out the other sides, in hopes to have your mortgage -or most of it- paid by the tenants)– What should we do: fork over rent each month or look for a property that will allow us + tenants to pay the mortgage so we can save more money each month?”
- Damian and his wife would have done it if the timing was right when they got married. “A management company may help with administration, but there’s a cost that comes with that service.”
- Pete was a landlord until December 2019, but ultimately decided that wasn’t for him. Disputes about rent, maintenance costs, etc. are a headache. “House Hacking is not for me, but it could be for someone else.”
- “We make about $110,000 per year in Mobile, AL. We can rent an apartment for about $750/month, but we’re looking into house hacking – (live in part of duplex/tri-plex and rent out the other sides, in hopes to have your mortgage -or most of it- paid by the tenants)– What should we do: fork over rent each month or look for a property that will allow us + tenants to pay the mortgage so we can save more money each month?”
Interested in House Hacking? There’s so much more you’ve got to hear!
Click PLAY below to find out and to get your special Hey Money offer code!
Podcast: Play in new window | Download | Embed
Subscribe: RSS
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.