How Can I Find a Good Deal on Real Estate Investments?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 24 October 2022

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, & Kristina Ellis. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Kevin is in California.
0:15.4	Hi, Kevin.
0:16.4	Welcome to the Ramsey show.
0:17.4	Thanks, Dave.
0:18.4	Great to be here.
0:19.4	How can I help?
0:20.4	So I'm on Baby Step Seven, and our next financial goal is to invest in real estate.
0:24.4	It's going to be quite some time before we can afford to buy something in cash, but
0:28.3	I'm wanting to educate myself on the process in advance.
0:31.1	And several times I've heard you say that you should never buy rental property at retail
0:35.4	value.
0:36.4	You should always get it at a discount.
0:38.4	And if there isn't going to be a housing crash, which I was expecting, but you've given
0:42.4	valid arguments as to why that's not going to happen, then how do you go about finding
0:46.7	these deals when the competition in the area is so steep and so much of the competition
0:51.0	knows more about real estate than I do because they're experts and I'm not.
0:56.8	It's hard, but they're there.
1:00.0	There's not many deals out there today, but as the economy continues too slow and we
1:05.3	don't have 27 buyers lined up every time someone puts up a for sale sign, then you're going
1:10.2	to see more and more deals happen.
	...

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