What’s the Best Way To Invest in Real Estate?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 10 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Jordan is in Columbia, Missouri.
0:25.0	Hi Jordan, how are you?
0:26.0	I'm good Dave, how are you?
0:28.0	Better than I deserve.
0:29.0	What's up?
0:30.0	My burning question is that I'm getting married here shortly.
0:33.4	I've got a good chunk of cash saved up.
0:37.2	We're looking at getting into the real estate market,
0:40.5	but we'd like to know before we start having kids what the lowest risk
0:44.7	method is for what we have in front of us. You're talking about your home or a rental
0:50.4	property? Rental, building spec and sell it's a toss-up in the air I'd really like to know
0:57.5	kind of what the best you do you but you own a home that you live in? We are actually currently building a house that we're about to start living in.
1:06.0	Oh, okay, good, okay. And is it paid for?
1:09.0	We're going to have about a $40,000 now with the rest of you paid in cash.
1:13.4	Good, okay.
1:14.4	First thing I'm going to do is pay that off.
1:16.4	Okay.
1:17.4	Now then when I've done that, then what type of real estate?
1:19.7	Now, there's real estate investing, which is a buy and keep it idea, and then there's real estate
1:29.6	speculation, which is why they call them spec homes.
	...

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