How Do I Get Started Investing in Real Estate?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 4 July 2022

⏱️ 6 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, and George Kamel.

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.
0:13.8	Joseph is in Seattle.
0:15.2	Hi, Joseph.
0:16.2	Welcome to the Ramsey show.
0:17.2	Hey Dave.
0:18.2	I appreciate you taking my call today.
0:20.0	Sure.
0:21.0	What's up?
0:22.0	Well, I'm finishing off the baby steps and super excited to start building wealth.
0:27.1	I would love to get into real estate investing, but I have no experience with real estate investing.
0:32.6	I'm wondering if it would make more sense for me at this point, rather than directly investing
0:36.7	in real estate, to invest in some high dividend reach that would be paying like 10-11%
0:41.4	dividends, or to get deeper into the actual physical real estate.
0:46.4	Either one's fine.
0:48.2	I mean, the reach in the old days underperformed growth stock mutual funds, these days there's
0:53.6	plenty of reach that are performing as well.
0:56.4	And like you said, 10-11%, 12%, not unusual on a reach, especially in a market where real
1:01.1	estate is doing what it's doing.
1:03.4	Reach for those of you don't know is real estate investment trust.
1:06.7	It's basically a mutual fund for real estate is how it functions.
1:10.6	And that way you can put in a few thousand dollars versus needing 50 or 100 thousand dollars
	...

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