This Is Why Rental Properties Aren’t Actually “Passive”

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 11 August 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester. Connect with an investing pro near you at Ramsey Solutions.com
0:11.2	slash SmartVester.
0:13.8	Catherine is in Augusta, Georgia. Hi, Catherine. How are you? Good. How are you? Better than I deserve.
0:20.3	What's up?
0:23.6	I was calling in.
0:26.6	We currently own two homes.
0:33.8	The first was our first home that we bought, and we recently bought a new home for us and turned our previous home into a rental in hopes to keep it for, you know,
0:39.8	investment purposes and building equity.
0:43.3	Um, and my question is we've had a really bad first runner experience and it's kind of
0:49.6	turned us off of the, um, investment property.
0:53.4	And we're not sure if we should keep the property for
0:55.5	long-term purposes or if it would be best to sell it okay what do you owe on it i owe 131 what's
1:03.8	it worth it would probably sell no higher than 190 right now okay right now. Okay. All right.
1:11.9	So a good way to analyze some of these decisions is to say, all right, I have $60,000
1:19.0	cash sitting in a pile on my kitchen table and I don't own this house.
1:27.2	Would I go buy this house today with 60,000 down and take out
1:32.3	130 mortgage?
1:33.8	It's not a hypothetical.
1:35.7	Today, if you did not own this house and you had $60,000, which is what you're going to
1:40.5	have when you sell it, right?
1:42.5	Yeah.
1:42.8	That's stacked in cash on their kitchen table and you said, okay, what are we going to do with our $60,000?
	...

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