Real Estate Investing Isn’t All Rainbows & Paychecks

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 10 May 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget! 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, and are disciplined and responsible! Next Steps: 💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 🏠To learn more about how to plan for Retirement, click here 🏦To learn more about Investing, click here 🎓Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Yeah, we're to go all the way to Milwaukee, Wisconsin.
0:25.0	We got Andrew on the line.
0:27.0	What's going on in Wisconsin?
0:29.0	Hey there, how's it going on in Wisconsin?
0:31.0	Doing good. How are you?
0:33.6	Good, good.
0:34.6	Thank you for my call, a long-time listener, first-time caller.
0:37.0	Awesome.
0:37.4	Well, how can we help today?
0:40.1	So I, best thing I ever did in my life, I bought a duplex when I was 20 years old.
0:48.0	This was about 13 years ago.
0:51.0	So now I'm trying to figure out should I leverage or should I pay cash for the next one?
0:59.5	I'm not exactly sure. Interest rates going crazy. I don't want to mess around with that but all
1:07.3	in escrow I'm under a thousand dollars a month so I'm not exactly sure what I should do but I definitely want to get another
1:17.5	duplex. Is the first one paid off? It's 40,000 left. 40,000 left.
1:24.0	40,000 left.
1:25.0	Okay. Can you tell us, can you paint us a bigger picture
1:28.0	so we can kind of understand what's going on?
1:30.0	So duplex number one, you owe 40,000.
1:33.0	duplex number two, what will it cost you?
	...

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