What Is the Best Strategy for Investing in Real Estate?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 11 August 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, and John Delony.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires or we talk retirement, building wealth,
0:10.5	and outrage, just generosity.
0:12.0	Do you have a formula or percentage?
0:17.1	Like in that scenario, if someone was going to do both, what they were going to do, some
0:19.8	real estate and some just putting in an investment, do you have any kind of percentage or use
0:23.6	whatever you're comfortable with, whatever you're interested in?
0:25.6	Just whatever you're comfortable with.
0:28.4	One has resulted in being much heavier real estate.
0:32.2	Yeah, because you love real estate.
0:33.5	A. I love real estate, but the other thing that happened was 2008.
0:36.3	Yeah.
0:37.3	So I bought like about $200 million with real estate in 2008 for about $20 million.
0:45.4	About $10 cents on the dollar.
0:46.5	Real estate was just A. It was on sale, it was on fire sale.
0:50.0	So consequently, my net worth is lopsided just from the fact that I got, that I stole that
0:55.6	stuff.
0:56.6	Right.
0:57.6	I changed it, but so even more so than just investing steadily into it.
1:02.7	I just caught that wave, the best wave of my entire 60 year life in terms of the market
1:08.5	being way down and it was really good for people who had money to buy stuff while it was
1:12.8	way down.
1:15.3	Then we've developed these properties that are offices are in and they're very expensive
	...

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