THIS Why You Don't Buy Property With Friends

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 21 October 2022

⏱️ 5 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, Rachel Cruze, John Delony, George Kamel, & Kristina Ellis. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

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.
0:12.8	All right, first up this hour we have Luke in Denver.
0:17.8	Hey Luke, welcome to the show.
0:19.6	Hey guys, thanks for taking my call.
0:21.8	Absolutely, how can we help?
0:23.4	I got a multiple part question.
0:30.4	I co-house with two high school buddies of mine and I recently decided I wanted to leave
0:33.2	for a couple of reasons.
0:34.9	One is I'm not really feeling comfortable in the partnership anymore.
0:37.9	I feel like they're taking advantage of the property and I'm feeling a bit taken advantage
0:44.5	of and the other is I would love to use the money and you have for my wife and son.
0:50.0	So I've asked you to be bought out and they're kind of refusing to and they're refusing
0:54.1	to sell as well.
0:57.4	What is the Julf open LLC or just somebody's?
1:02.1	Yes, we have it.
1:03.1	Okay.
1:04.1	We have an LLC.
1:05.1	Why don't they want you to buy out?
1:08.5	I think they're a bit nervous to get a loan right now with the interest rates.
1:14.9	But I feel like to me I'm asking a fair price side, but we got the house appraised.
1:20.0	It came in at 800.
	...

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