Keep or Sell the Rental To Pay Off Debt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 11 August 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day 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, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Joining me today is Ramsey personality, Rachel Cruz.
0:15.6	Ben's with us in Salt Lake.
0:17.2	Hey, Ben, what's up?
0:18.4	Hey, Dave, hey, Rachel.
0:19.4	Thank you for taking my call.
0:20.8	Sure. I've gotten an investment property, and I'm debating whether or not to sell it.
0:26.2	I've got enough equity in it to pay off my mortgage plus, you know, quite a bit extra,
0:31.9	and I'm just wondering if it makes sense to go ahead and sell it.
0:35.2	Okay. What's it worth?
0:39.0	Best estimate is about $300K.
0:41.2	Okay.
0:41.6	What's your home worth?
0:44.3	$7.50,800K.
0:47.9	Okay.
0:48.9	All right.
0:49.9	And how much you have left on your house, Ben, to pay off?
0:53.0	About $120. Okay. What's your household income? And how much you have left on your house been to pay off? About 120.
0:55.7	Okay.
0:56.1	What's your household income?
0:58.6	About 190.
1:00.4	Okay.
	...

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