Should We Buy a Bigger Home if We Use It as a Rental?
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 21 July 2023
⏱️ 4 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | This episode is sponsored by Smart Vestor. |
| 0:07.2 | Connect with an investing pro for free at RamseySolutions.com slash invest. |
| 0:15.2 | You're listening to Ramsey everyday millionaires, where we talk investing, retirement, building |
| 0:19.7 | wealth, and outrageous generosity. |
| 0:22.0 | Let's go to Phoenix, Arizona to start this hour, David is there, David, how can we help? |
| 0:28.4 | My wife and I are starting to consider more seriously buying a home. |
| 0:34.3 | I was just wondering we were looking at getting a house with additional dwelling unit |
| 0:38.8 | to use as like an Airbnb. |
| 0:41.2 | I was wondering would it be make sense to maybe spend a little bit more on a house |
| 0:45.3 | if it can provide some income? |
| 0:47.0 | No, I especially wouldn't plan on it. |
| 0:50.7 | I would in fact add that into my purchase price. |
| 0:53.6 | Yeah, I'm having some fun with the quick no, but John and I were just talking about this. |
| 0:58.6 | In fact, we shared this on the show last week. |
| 1:00.8 | I forget James with it. |
| 1:01.8 | I may have been George on Friday of last week, but we showed some data out there where the |
| 1:08.3 | VRBO, the Airbnb, that industry is contracting pretty seriously right now on what people |
| 1:14.8 | are able to charge because there's more supply than there is demand. |
| 1:18.3 | And so this is too speculative for you to say, all right, I'm going to take on more debt |
| 1:23.1 | in return for the opportunity to get a little extra on the rent that helps pay things off. |
| 1:30.0 | I just think it's too speculative. |
| 1:31.5 | I think if it's me, John, I don't know what you think about this from a marriage standpoint, |
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