What’s the Best Way To Buy a Duplex?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 28 July 2022

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Dan is with us in Boston.
0:13.2	Hey, Dan, welcome to the Ramsey show.
0:15.4	How you doing?
0:16.4	Great, man.
0:17.0	What's up?
0:18.1	I just have a quick question for you because i i listened to your show quite a bit
0:21.3	first i want to say thank you for taking my call and i wanted to like a lot of the stuff is
0:26.0	structured around houses so i know you would say do the 15 year fixed and it should be the mortgage
0:31.8	should be no more than 25% of your take home if you wanted to get like let's say you wanted to get
0:37.3	a two unit
0:38.0	instead of a house, you know, I don't have kids or anything like that, would you, would the same
0:43.6	thing apply? And then how would you factor in the rents that you get? Okay. You know what I mean?
0:48.9	If that makes sense. Yeah. Yeah. I think the way to answer the question for you, for you to answer
0:54.1	the question is this. Why for you, for you to answer the question, is this.
0:55.7	Why, I'm asking you, why do we tell you to save, to not have a house payment more than 25% of your take-on pay?
1:05.0	So you're not biting off more than you can, too, basically.
1:08.4	Right.
1:08.9	And so you can get the house paid off.
1:11.0	Yeah. Okay. Now, you can get the house paid off. Yeah.
1:11.5	Okay.
1:12.2	Now, the duplex changes that because you have a renter, you have repairs, and you have rental income, right?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.