Brought to you by CHM, a biblically based alternative to health insurance.

Learn more at CH Ministries.org slash budget.

I'm thinking about maybe buying an apartment, an investment property for $200,000.

And I kind of just want you guys advice if I'm ready for it, not ready for it,

or maybe I should just put on the back burner.

Okay. Are you out of dead and are you going to pay cash for the apartment?

So, sorry, I should tell you my situation. So currently I have two jobs. My income, I have about three incomes. Um, my salary is about

$200,000 more or less. And I also, the house that I currently live in, uh, I make about $3,000 comes in

total. My only debt is my mortgage and a, uh, my wife's car, which is about, uh, $25,000 comes in in total. My only debt is my mortgage in my wife's car, which is about $25,000.

Okay. All right. Well, Pierre, I own a bunch of real estate. I love real estate.

Rachel's husband is in the real estate business. He owns a bunch, they own a bunch of real estate.

And we, both these families sitting here love real estate as. He owns a bunch, they own a bunch of real estate. And we, both

these families sitting here love real estate as an investment. The rule we live by is we pay

cash for it, or we don't buy it, and we only start buying investment real estate after we're

100% debt-free home and everything.

That's the rule we live by.

But having done that, you will thoroughly love the real estate business when you get into it.

It sounds like you want to do it.

But if you buy this apartment right now, it's probably going to cause you financial problems, not blessings.

Because you're broke.

You've got a freaking car payment. You don't go it 200,000 not a rental property so I could pay so a little more in my situation I understand it

a little more situation I have 50k in the bank then write a check and pay off your car today

...