Should My Girlfriend and I Buy a House Together?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 March 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Tuesday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:06.5	Joining me today is Ramsey Personality, Chris Hogan.
0:10.6	Riley is in Los Angeles.
0:12.1	Hey, Riley, welcome to the Ramsey Show.
0:15.3	Dave, Chris, thank you so much for taking my call.
0:17.4	It's an honor.
0:18.0	Honor to talk to you.
0:19.0	How can we help?
0:21.1	So my girlfriend and I, we found a house that we really like.
0:25.8	We went through the pre-approval process this morning, but I'm just, I'm having a really hard time.
0:31.5	It's a huge amount of money, and I'm trying to determine whether we can afford it or not.
0:36.9	Well, when's the wedding date?
0:40.4	That's coming really soon.
0:42.4	Not a date set yet, but in the near future.
0:45.1	The closing would need to occur after that.
0:48.8	Okay.
0:50.1	You're setting yourself up for a very, very dangerous scenario otherwise, from a legal perspective and from a relational perspective, both.
0:59.6	It feels harmless, but you're just getting things out of order.
1:05.4	Because in 30 years of doing coaching, Chris and I have seen heartbreaking situations and horrifying situations
1:14.1	where you basically from a legal perspective, what you're doing is you're entering into a
1:19.0	general partnership with no partnership documents. And so an example would be, God forbid, something happened and she died in a car wreck.
1:32.0	Now, you own a house with her mother because you're not the heir.
	...

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