Should I Invest in Real Estate or the Stock Market?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 29 January 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.7	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:12.3	All right, let's go to Anna Marie Island in Florida and let's talk to Amy.
0:18.6	Hey, Amy, welcome to the show.
0:20.7	Hi, how are you guys?
0:21.9	We're doing great.
0:22.8	How can we help?
0:24.0	So I'm a little confused as to where to go.
0:27.6	I own two properties.
0:29.5	One of them is on the island,
0:32.3	and that property I owe about $400,000 on.
0:37.2	It's worth $700,000.
0:40.1	My monthly payment with HOA and everything is $4,500.
0:45.5	I own another property just over the bridge.
0:48.7	It's a bicycle ride to the beach.
0:50.6	That is an Airbnb property.
0:52.7	I've been making about $50,000 a year on, but I don't owe
0:58.7	anything on that property. That is worth about 650,000. What I am thinking of doing is selling my
1:06.9	property on the islands. I'm kind of tired of the HOA stuff. And actually, I'm in the process
1:14.6	after Hurricane Milton renovating my Airbnb property right now. And I'm thinking I want to move
1:21.0	into it. Wow. I'm thinking of some on the island and moving into the house just over the bridge.
1:26.4	Then I'll have no have no house debt.
	...

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