With Interest Rates Low, Should We Rent Out Our House?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 4 October 2023

⏱️ 4 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, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vestor.
0:07.2	Connect with an investing pro for free at RamseySolutions.com slash invest.
0:15.2	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:21.9	The Megan is in Jacksonville, Florida.
0:25.1	Hi, Megan, what's up?
0:26.3	Hi, how are you guys?
0:28.5	Better than we deserve.
0:29.5	How can we help?
0:30.5	Great.
0:31.5	So I have a question for you about renting out the house that we are in.
0:35.6	My husband's in the Navy.
0:38.3	We have about 96,000 is our take on pay, and we are on baby stuff too right now.
0:44.6	We've paid off almost $28,000 so far this year.
0:48.2	I've got another 44,000 to go, and we are like gazelle intense really should have this
0:53.4	paid off before we're scheduled to move.
0:57.2	The interest rate on our house is only 2.4%, and looking at the rental market, we can
1:04.4	weigh over, like for rent in this area, we can charge between 23 and 2500 a month, and
1:11.8	our mortgage right now is 2000.
1:13.9	Thank you for your service to the country, do not keep the house when you move.
1:18.1	Okay, thank you for your support.
1:19.9	Do not keep the house.
	...

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