"The thing about rental real estate is things break." AMEN to that. I'm 74 and just sold my 3 rental properties over the past 16 or so months. I'M TENANT FREE!!!!!
AMEN said the choir ! I built three very nice single family homes for rental, paid cash as I went, thinking it would be the bulk of my retirement income. After a few years and a few tenants in them, I sold all three. Tenants can be great, or a HUGE expensive pain in the backside.
Best way I know of is to hire the best accountant you can. I know several and they are worth their weight in gold. Especially for rental owners and livestock investors, the right one who knows all the loopholes will save you from making the big mistakes. It has also been my pleasure to see the difference between the ones who make money from their rentals and the ones who lose and say that it's madness. The ones who make it aren't afraid to spend money. The ones who lose are the tightwads who act like it's the end of the world when they have a dishwasher go out or a doorknob need replaced. Those are the ones who don't understand the game nor the rules.
Need more stories about Chick-fil-A and the Cathy’s! Thanks for sharing that, Dave. I’ve been with Chick-fil-A for 20 years, and we employ a lot of the same values as Ramsey Solutions.
Tara! Idk too much about Illinois real estate but I know about tiny houses because I have built one on wheels (which I currently live in while attending college) and bought another to move it onto some of my land as a rental. Let's just say rent is $555 a month. Over 3 years that's $20k. Here in Arkansas you can easily find a nice 12×30 tiny house for $19k and have it moved and set up for $1k. Once you're done with it, you could easily sell it for $10k. I agree with a lot of Dave's ideas but affordable housing has always been a smart investment and will always be a smart investment. Also I live in a 8×28 tiny house. Honestly it's the perfect size for me. Another idea is to buy a nice camper. I wouldn't go this route because campers are not designed to be lived in full time, but I know several people that do and enjoy it.
Thank you thank you thank you for your housing stories, both men...I had a miracle drop into my lap, the perfect house for me 9 months ago; and I'm trying to have faith that the same thing will happen again when it's moving time again sometime in the next 6 months.
It can be addictive to play. Once I spent over $500 on Fishdom - small increments between $1.99 to $9.99. The levels can be frustrating yet victorious at the same time. I finally deleted the app when I realized how much $$ I spent (and with intervention from my niece & sister). It's crazy.
Are we not going to talk about the fact that he's taking 120k from his grandmother to just be a good grandson..... Wow, I could understand a gift, but she literally just wants groceries and company smdh. And his character does not seem well.
The Dynamic DUO of Ramsey Solutions Personalities. John has a great personality, he totally reminds me of myself. I had the pleasure of meeting him in person in 2021 at Daves BEAUTIFUL EMPIRE, as well as Papa Dave, & George Kamel.
One of the nice things about RRSPs/ TFSA in Canada vs IRAs in USA is unused contributions carry forward. I don't know why the IRS doesn't give you that option.
If her mom had saved a college fund would you expect her to pay it back? If you have a good relationship with your parents it's okay for them to help you out
Right now, start saving for a down payment on a home. I’m a veteran too and VA loans are NOT the best option. 20% down on a conventional loan is way, WAY better than a VA loan. Been there done that. If you are settled down and you think you’re going to live in the same place for 5 years or more then it’s a good time for you to start looking for a house. Don’t be in a rush. And if you know you’ll be moving in less than 5 years, then keep renting and saving.
@@antinormality okay. I have looked into that in the past. My problem is that I’m the income for my family and at 35k/year including O/T, a house seems so far off
@@Bearsbeets.battlestargalactica it may br far off, but if you don't plan for it and save it will not happen. Save or don't, the time will still pass. May as well save and be ready in a few years instead of doing nothing and not be able to buy in a few years. Also, just because it will take time doesn't mean you should throw away sound money ideas and put yourself at financial risk.
We Have a RV loan 6% + interest. We have a mortgage. Thinking of putting RV loan into our Mortgage. We would refinance the mortgage. We will end up paying the same amount monthly on our mortgage once we refinance that we are now with the RV loan attached to it. We would then not have a RV payment. Have no other debt. What are your thoughts. Keep what we have or refinance the mortgage.
18:00 exactly, right right right, exactly: meanwhile completely ignores literally everything hes saying. she watched a couple tik toks and has the mannerisms of an expert like she didnt just ask the question. those people are THE WORST.
I think their derision of online games is a little unfair. When you buy a virtual pig, you’re paying for the entertainment value. Thats comparable to going to the cinema or watching tv.
I think Dave acknowledged the genius behind the creation of this virtual reality. I was hooked on Fishdom. You can get enmeshed into the games and spend ridiculous $ if not careful.
I love John and Dave but man every once in awhile there advice is so far in left field .. telling that lady to not worry about building credit?? Try buying a house with no credit hahaha .. unless you have a couple million in the bank then mabe you don't need credit but getting millions in the bank takes a life time for most people..
A 20-year-old guy addicted to video games who is bipolar and wants to "make knives and weapons." This fellow needs heavy medication - not financial advice from a radio show....
I understand the fun and excitement of being in on the beginning of something but you have to be willing to and be able to afford to lose. Maybe after you are very secure investing a limited amount but I but I prefer to invest in something proven.
@@sobeliever1638 feel the same. Fundamentally nothing has changed.. If one can't take the volatility they should stay away. It is in a way similar to investing in tech and growth stocks.
< his really good. His just too good in studying the market and making a strategy and i am learning so much from them already i have been able to make 9.2 btc in 2 months, much more profits i never expected having soon.>>
"The thing about rental real estate is things break." AMEN to that. I'm 74 and just sold my 3 rental properties over the past 16 or so months. I'M TENANT FREE!!!!!
AMEN said the choir ! I built three very nice single family homes for rental, paid cash as I went, thinking it would be the bulk of my retirement income. After a few years and a few tenants in them, I sold all three. Tenants can be great, or a HUGE expensive pain in the backside.
Best way I know of is to hire the best accountant you can. I know several and they are worth their weight in gold. Especially for rental owners and livestock investors, the right one who knows all the loopholes will save you from making the big mistakes. It has also been my pleasure to see the difference between the ones who make money from their rentals and the ones who lose and say that it's madness. The ones who make it aren't afraid to spend money. The ones who lose are the tightwads who act like it's the end of the world when they have a dishwasher go out or a doorknob need replaced. Those are the ones who don't understand the game nor the rules.
@@edsmith4414 couldn't you have dealt with a property manager?
I started listening to Dave for the great financial advice and I stayed for the awesome life lessons.
Dave and Doc John are the best combo.
Agreed
By far ! Not excited about the others 😂
Need more stories about Chick-fil-A and the Cathy’s! Thanks for sharing that, Dave. I’ve been with Chick-fil-A for 20 years, and we employ a lot of the same values as Ramsey Solutions.
"Don't be a dumb bass." 🤣🤣🤣
Tara! Idk too much about Illinois real estate but I know about tiny houses because I have built one on wheels (which I currently live in while attending college) and bought another to move it onto some of my land as a rental. Let's just say rent is $555 a month. Over 3 years that's $20k. Here in Arkansas you can easily find a nice 12×30 tiny house for $19k and have it moved and set up for $1k. Once you're done with it, you could easily sell it for $10k. I agree with a lot of Dave's ideas but affordable housing has always been a smart investment and will always be a smart investment. Also I live in a 8×28 tiny house. Honestly it's the perfect size for me. Another idea is to buy a nice camper. I wouldn't go this route because campers are not designed to be lived in full time, but I know several people that do and enjoy it.
Thank you thank you thank you for your housing stories, both men...I had a miracle drop into my lap, the perfect house for me 9 months ago; and I'm trying to have faith that the same thing will happen again when it's moving time again sometime in the next 6 months.
That's what I used to think,now I'm an outcast and it makes it that much harder to be hired at jobs.
Like Dave's answer to "Should I buy a house or wait..."
My daughter spent over $9,000 on a virtual reality game that built a virtual character. What a rip off.
For her,the company made a great profit off of her foolishness.
It can be addictive to play. Once I spent over $500 on Fishdom - small increments between $1.99 to $9.99. The levels can be frustrating yet victorious at the same time. I finally deleted the app when I realized how much $$ I spent (and with intervention from my niece & sister). It's crazy.
Are we not going to talk about the fact that he's taking 120k from his grandmother to just be a good grandson..... Wow, I could understand a gift, but she literally just wants groceries and company smdh. And his character does not seem well.
Really ! Acting like he won a big lottery and so giddy about it. Sad for the grandmother
Acts like he's on something
The Dynamic DUO of Ramsey Solutions Personalities. John has a great personality, he totally reminds me of myself. I had the pleasure of meeting him in person in 2021 at Daves BEAUTIFUL EMPIRE, as well as Papa Dave, & George Kamel.
Farmville was about socializing. It forced you to make new friends to run the farm.
One of the nice things about RRSPs/ TFSA in Canada vs IRAs in USA is unused contributions carry forward. I don't know why the IRS doesn't give you that option.
Who is John always waving and smiling at?
Iwas an adult on was hooked on Farmville. I didnt spend any money ,but it was addicted if you leave home your dinner was burnt it was craxy.
I get you! The animals are so cute and interactive. I got addicted to Fishdom.
Looks like Dave smashed his finger really good.
Jeff and Amber are awesome! ☺️ Well done xx
I put up drapes fine but didn't really have anyone arguing with me
I have an 800 Fico score and didn’t pay a dime in interest. I just don’t carry a balance.
Does Dave have any siblings? The internet only lists his parents, wife and children.
wow What Great Godly Wisdom n Encouragement To NOT Be Normal That is Boring n Not God
That 22 year old girl needs to help her" MOM PAY OF THAT GIRLS STUDENT LOAN DEPT!!!!!" I would say!!!
If her mom had saved a college fund would you expect her to pay it back? If you have a good relationship with your parents it's okay for them to help you out
I am 100% debt free at 23. I however don’t have a home, but I rent. Should I continue to rent long term or look to buy a house using a VA home loan?
Right now, start saving for a down payment on a home. I’m a veteran too and VA loans are NOT the best option. 20% down on a conventional loan is way, WAY better than a VA loan. Been there done that.
If you are settled down and you think you’re going to live in the same place for 5 years or more then it’s a good time for you to start looking for a house. Don’t be in a rush. And if you know you’ll be moving in less than 5 years, then keep renting and saving.
Follow the BS
Take a VA loan as long as you have consistent income. Don’t be afraid!
@@antinormality okay. I have looked into that in the past. My problem is that I’m the income for my family and at 35k/year including O/T, a house seems so far off
@@Bearsbeets.battlestargalactica it may br far off, but if you don't plan for it and save it will not happen. Save or don't, the time will still pass. May as well save and be ready in a few years instead of doing nothing and not be able to buy in a few years. Also, just because it will take time doesn't mean you should throw away sound money ideas and put yourself at financial risk.
We Have a RV loan 6% + interest. We have a mortgage. Thinking of putting RV loan into our Mortgage. We would refinance the mortgage. We will end up paying the same amount monthly on our mortgage once we refinance that we are now with the RV loan attached to it. We would then not have a RV payment. Have no other debt. What are your thoughts. Keep what we have or refinance the mortgage.
Is someone different screening the calls lately? More and more calls coming through from 20 somethings who sound all over the place. Hmmmm.
That's good though. They're young enough to correct their financial disasters.
I “need” that to complete the set.
18:00 exactly, right right right, exactly: meanwhile completely ignores literally everything hes saying. she watched a couple tik toks and has the mannerisms of an expert like she didnt just ask the question. those people are THE WORST.
I think their derision of online games is a little unfair. When you buy a virtual pig, you’re paying for the entertainment value. Thats comparable to going to the cinema or watching tv.
The problem is people become addicted to them and go over board. If they're buying virtual pigs on a cc, that's crazy! And it's happening, every day.
I think Dave acknowledged the genius behind the creation of this virtual reality. I was hooked on Fishdom. You can get enmeshed into the games and spend ridiculous $ if not careful.
“Why are you getting a sociology degree to go into real estate”. Proceeds to put his finger on the button… 😂
🤣
I don't blame Dave.
FarmVille yes I did that
All video games make you pay for everything on the games.
is this over sonic
If you have a 250k loan how are you debt free?
Lol you can build a high credit score without paying interest at all.
FarmVille is fun!
After watching this episode I bought some pigs
Try eating virtual food 🤓
Take the 250k and invest it
Quack.
Dave! please stay out of politics and media interpretations. I think it was all news outlets, not just CNN, MSNBC - geez!
$60k to $100k is not a 40% increase…
I love John and Dave but man every once in awhile there advice is so far in left field .. telling that lady to not worry about building credit?? Try buying a house with no credit hahaha .. unless you have a couple million in the bank then mabe you don't need credit but getting millions in the bank takes a life time for most people..
Manual underwriting..
A 20-year-old guy addicted to video games who is bipolar and wants to "make knives and weapons." This fellow needs heavy medication - not financial advice from a radio show....
Thought the same but I wonder if he was just pulling their leg and joking.
I respect Dave Ramsey a lot. But don't agree with his views on cryptos
@@commonlogic24 none..
@@commonlogic24 don't see a reason why someone should
I understand the fun and excitement of being in on the beginning of something but you have to be willing to and be able to afford to lose. Maybe after you are very secure investing a limited amount but I but I prefer to invest in something proven.
How do you feel about it now given the drop.....?
@@sobeliever1638 feel the same. Fundamentally nothing has changed.. If one can't take the volatility they should stay away. It is in a way similar to investing in tech and growth stocks.
I'm judging the people who are spending money and escaping into the virtual world as I'm decorating my virtual house in this game I'm playing 😑
>>
< his really good. His just too good in studying the market and making a strategy and i am learning so much from them already i have been able to make 9.2 btc in 2 months, much more profits i never expected having soon.>>
the world is really changing indeed, everyone wants to earn via trading now, am beginning to think am being.
pls if you got this privilege's..how do i reach him.
yes that's his info..you all can learn from him...👆..