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The Ramsey Show Highlights

What's the Best Way To Get Into Real Estate Investing?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 9 September 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today's episode features Rachel Cruze & Ken Coleman. The Ramsey Show Highlights 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, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Alan is waiting for us there.

0:07.0

Alan, how can we help?

0:09.0

Hey guys, it's a pleasure to talk to you.

0:12.0

You bet.

0:14.0

So I hear all the time don't finance a rental property.

0:21.7

So I have been diligently saving and I'm about ready to, I think, pull the trigger on getting a rental.

0:29.8

The problem is I would like to hear you guys' opinion on how to like structure, setting out myself for success when it comes to, you know,

0:40.4

doing this as a business.

0:42.1

How much money have you got saved?

0:45.6

About 170,000.

0:48.5

And what are you looking at buying?

0:51.9

That's why I'm calling actually.

0:54.7

All right.

0:55.7

So I'm going to see sort of D.L. recommend something like multifamily or single family, something

1:02.4

that multi-families are cheaper but harder to sell from what I have noticed online.

1:10.1

You know, how do you recommend taking next steps as opposed to, you know, for the

1:15.6

structuring of the deal as opposed to just the financing side?

1:19.3

Yeah.

1:19.6

I mean, I think it's, I think it's a great question.

1:21.6

And real estate is something that, you know, we talk about a lot on this show is just

1:25.5

another avenue to building wealth and i know the

1:29.9

you know one of the best ways that you're going to just make money in general alan because we

...

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