Please Run!
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 5 September 2024
⏱️ 7 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.7 | So my question is, should me and my husband do rent-to-own on my in-law's house while they live there? |
| 0:16.5 | No. |
| 0:19.8 | While they live there. |
| 0:23.3 | Yes. |
| 0:24.0 | Why would you rent someone else's house while they live there? |
| 0:29.7 | Well, we would be in the top half of the house and they would be in the bottom half of the house. |
| 0:35.1 | Oh. |
| 0:35.7 | It'd basically be like, you know, we each have our own separate. |
| 0:41.4 | Yeah. |
| 0:42.6 | No. |
| 0:43.6 | Don't do that. |
| 0:44.6 | What is the benefit here? |
| 0:46.4 | Are they cutting you a crazy deal? |
| 0:49.8 | So, um, basically it's a, it's a family property. |
| 0:59.3 | And, you know, me and my husband would like to purchase it from them at some point. |
| 1:02.7 | What does family property mean? |
| 1:15.7 | The property was given to them by his grandfather, and it was meant to be for us or for him. |
| 1:18.0 | So will it go to you guys? |
| 1:19.8 | Will it be inherited by your husband? |
| 1:36.0 | Um, so they are also in a little bit of a sticky situation with some other debt and stuff too, so I don't know if that would end up coming to us or not. |
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