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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Amarillo, Texas, Alan is waiting for us there.

Alan, how can we help?

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

You bet.

So I cheer all the time don't finance a rental property so I have been

diligently saving and I'm about ready to I think pull the trigger on getting a

rental 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 doing this as a business. How much money have you got saved?

About a hundred and seventy thousand and what are you looking at money that's that's

why I'm calling actually all right so I'm gonna see sort of, do I recommend something like multifamily or single family?

Something that, you know, multifamies are cheaper, but harder to sell from what I have noticed online.

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

you know, for the structuring of the deal as opposed to just the financing side.

Yeah, I mean I think it's I think it's a great question and real estate is something that you

know we talk about a lot on this show is just another avenue to building wealth and I know the you know one

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

look at real estate specifically I should say we within the

within the Ramsey family the way that I've seen it always kind of the viewpoint

on it is that it is it is a long-term play that you're not going to you're not going to be

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