Dave Ramsey's Real Estate Investing Journey

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 6 September 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & George Kamel. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Cecilia is in Atlanta to start off this hour. Hi, Cecilia. How are you?
0:10.0	Hey, Dave. I'm great. Thanks. Good. How can we help?
0:13.0	So I'm interested in whether or not I should leverage equity lines for more property when I've tried to not have debt.
0:26.4	And is that safe for investment property activity?
0:33.3	Okay, you realize your sentences just ran against each other, right?
0:37.1	I mean...
0:37.7	That's possible.
0:39.2	I don't want any debt.
0:40.4	Should I go into debt?
0:42.2	No.
0:43.0	I mean, that was what you just told me.
0:44.4	I'm confused.
0:45.2	Okay.
0:45.8	Okay.
0:47.3	Based on there are many, many people buying homes and then getting lines of equity to buy additional homes as investment properties,
0:57.2	and then they have this whole domino of their equity lines being leaning on other properties.
1:05.6	I think that...
1:06.3	You've been spending a lot of time on TikTok, haven't you?
1:10.2	No, I'm a realtor, and I hear other people saying this.
1:15.5	So I did your...
1:16.1	How long have you been a realtor?
1:18.3	Five years.
	...

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