Should I Sell My Volatile Vacation Property?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 6 September 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

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, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	John is with us in Cincinnati.
0:15.7	Hey John, how are you?
0:17.0	Thanks, thanks for taking my call.
0:19.6	This call is more about an opportunity and what the real estate market.
0:23.6	So my situation is of pastor here in Cincinnati.
0:27.8	I've got about four or five more years to my wife and I retire.
0:32.8	Right now our network is probably about 1.5.
0:36.2	We are in our house.
0:38.8	We thank you.
0:39.8	We are in our house in Cincinnati.
0:42.0	It's market values about 500.
0:45.2	Our only debt is our second home in Florida.
0:48.4	We built the home two years ago for 260.
0:54.4	Our realtor is down there.
0:56.3	I mean obviously the market is very, very hot and the current market value of that
1:01.1	host right now is about 450,000.
1:03.6	They're getting cash offer or you know, it's only the 1400 square floor house.
1:10.5	I think our long term plan is when we retire, we want to move to Florida, get something
1:16.5	a little bit bigger for our family.
1:19.4	But at the point right now I'm just kind of like trying to discern, you know, should
	...

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