4.6 • 682 Ratings
🗓️ 7 July 2024
⏱️ 8 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.4 | Just a couple questions. Been listening to you guys for a few months. I like and agree with everything, |
0:12.2 | but I'm in a weird situation because I can't get past baby step six because I don't own a home. |
0:19.4 | We've been renting, my wife and I've been married for seven and a half years, |
0:23.7 | and we've been renting for seven and a half years. |
0:27.0 | We were kind of waiting for house prices to go down, and they never did. |
0:30.6 | So I ended up starting a business with my sister. |
0:33.1 | She lives in Iowa, and we bought like three condos with her that are rentals, and also bought a |
0:40.6 | place with her down in Yuma, Arizona. |
0:42.9 | They winter there. |
0:44.4 | And so I have four paid for income producing properties. |
0:49.8 | I have a couple hundred thousand dollars in the bank. |
0:53.1 | My wife and I both make a good income. |
0:55.6 | She makes around 100 grand. |
0:57.1 | I make around 100 grand. |
0:58.6 | I'm self-employed. |
1:00.0 | She has a 401k that she pays 6% and the company matches 6%. |
1:05.9 | So we're sitting in a good spot. |
1:09.2 | Here's my dilemma. |
1:10.6 | I want to continue to grow by rental properties. |
1:14.0 | I want to buy like a duplex, move into half of it, pay it off in a couple years or less, |
1:20.8 | and then buy our dream home. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.