Should I Invest in Rental Properties?

00:00:00.000 | - Welcome to Portfolio Rescue, our new show here at The Compound. I'm your host, Ben Carlson.

00:00:25.520 | This is the show where we're going to be answering questions directly from you, the viewer, every

00:00:28.880 | week. We're going to be here live Thursdays. Just a little background on why we started this show.

00:00:33.200 | When you produce content for a living and you build up an audience, eventually you're bound

00:00:36.880 | to get some feedback. That's the best and worst part about the internet. Sometimes it's positive,

00:00:41.200 | sometimes it's negative, but because we produce financial content, we also receive a ton of

00:00:44.720 | questions asking us for our opinions. There's really no handbooks for this stuff when it comes

00:00:48.960 | to your finances, so each week our inboxes are full of questions from people who listen to our

00:00:52.960 | podcasts or watch these videos or read our blogs, and sometimes these emails from people make us

00:00:58.000 | laugh, sometimes they make us cringe, sometimes they make us think, sometimes they help us learn.

00:01:02.080 | One of the really cool parts is that people place their trust in us, and they share this

00:01:06.240 | very detailed information with us. How much money they make, how much they have saved,

00:01:09.920 | what kind of stock options they have at work, their retirement plan, their investment strategies,

00:01:13.520 | the financial problems they're having, all this kind of stuff. We've come to realize,

00:01:17.760 | "Hey, wait a minute. Maybe these questions would be useful beyond our inboxes."

00:01:21.760 | Because you can look at these questions and go, "Wait, how would I handle that situation?" Or,

00:01:25.840 | "I've dealt with something like that. Did I do the right thing?" Or,

00:01:28.720 | "What if something like this happens to me?" Or, "What is this person thinking? How could

00:01:32.960 | they be so stupid?" We don't pretend to have all the answers here. As with most things in life,

00:01:39.440 | there's a lot of gray area here. There's no right or wrong answers when it comes to a lot of things

00:01:42.560 | with your finances. I want to get this out of the way, too, that this show is for informational

00:01:47.440 | purposes only and should not be relied upon for investment decisions, as we have to say,

00:01:50.640 | and the legalese, but we've been doing this long enough where we hope we can provide some

00:01:54.880 | context, some perspective, and some opinions based on our experience. We just want to help

00:01:59.840 | people make better decisions with their finances and just think through all the things that come

00:02:03.440 | into play when making these decisions. That's what the show is going to be. Each week,

00:02:06.960 | I'm going to be here. If you have a question for us, email us. Askthecompoundshow@gmail.com.

00:02:12.720 | Now, real quick on some of the format of the show before we get started here.

00:02:16.640 | We get a wide range of questions. Everything from personal finance, to taxes, to investing,

Should I Invest in Rental Properties? | Portfolio Rescue