30:22 when my girlfriend was pregnant with our daughter she made me buy all this brand new top of the line stuff she was stressed out about not having everything and I was just trying to get her to understand we don’t need to spend $700 on a crib or $700 on a recliner or $300 on baby monitor or $1000 on a dresser because she’s a baby we’re not gonna use everything for very long let’s get the stuff that won’t be used much cheap or second hand but nope! We used the crib and baby monitor 3 times maybe because my daughter didn’t like it she slept in the baby bed that attached to our bed which was like 75 bucks. A $300 recliner from big lots would have been more comfortable. People don’t understand that ur newborn baby doesn’t need as much as u think and you don’t use many things for long so buying second hand is way smarter save the money for later.
that woman sounded like a sucker to me. I had my AC give out 3 years ago and hired a company to fix it. They told us that it couldnt be fixed and it was clear to me the person wasnt even a repairman but was a salessman. The same thing happened to my mother. We kicked them out of the house and found someone to fix it for $300 and it has been fine ever since. We got a quote on our floor repair and they said it was going to cost $1500 to repair one peice of wood that I know is only about $150 in materials I also told them to get out of my house. When someone quoted 100k to renovae my basement I found someone who did it for 30k including a new washroom. The main thing that I learned as a fairly new homeowner is that there is no shortage of people who want to take every dollar you have if you let them. There are also no shortage of repairpeople to get free quotes from so you need to do a better job figuring out how to value the work they are quoting you on. If you have nothing wrong with your home you can certainly find enough people who will tell you your house is falling down and tell you that if you give them everything you have they may be able to help you out.
...that's 45k a year plus interest, so we'll round up to 50k to be generous? It's not ideal, but it isn't difficult for 130k income a year. Living off of 80k is a breeze. That's 6,000 a month.
@@MelissaW0940% of pre tax income paying just your mortgage is straight up broke if she’s making 130k she’s cutting 20k right off the top for taxes 10k for retirement and she’s living on 50 maybe assuming no car payments and no major issues it’s doable but any house issue and your losing your house in 5 years
@@mrdark9916I’m sure it had a 6 or 7 year warranty because the ac manfuracture knows 95% of them fail at 7.2 years of no upkeep maintenance. Yeah you should service your AC yearly or pay someone to do it
Get a good 2nd opinion from a reliable hvac company before you go buying new units. I’ve seen so many new units being sold when a 20$ capacitor woulda fixed it.
He shouldn't sell the duplex if one side would pay for the whole mortgage. I would just keep it and rent the other side which can pay for part of the new house mortgage too. He make good money as a insurance just in case one of the tenant stop paying rent. Even if that happens with one side paying the whole duplex he can still pay his new house mortgage.
I sold the house that I had lived in for 20 years back in June of 2021. The market was nuts. I feel like I unloaded an albatrose and made a nice little profit. It was a modest garden home in North Dallas and I had 8 offers within the first few days. Put it on the market on June 2. Closed on June 28. It was nuts! So glad I got rid of it. I just lipsticked it and did nothing else. Moved into a nice modest apartment until I can figure out my next move. Homeownership is a lot of work and money. I finally feel like I can breathe. I love being able to "call maintenance".
Tip for any home owner to never get in broke situations like that! Buy home warranty !!!! It will be like 50$ a month and they will fix hvac ac appliances plumbing and much more. All you pay 100$ deductible per claim thats it 👍 how in the F people don't have home warranty or don't know about it is stunning. I myself use america home shield and they considered the best in the industry. Dont confused with home insurance its different, you should have both. Your welcome 👊
I just don’t know when or how supply catches up to get back to those days on market. When I started my career it was 30-60 dom because of the bank inventory oversupply. I just don’t know how we get back to that
I don't understand these people... "I am buying a house I can't afford," "I have a house I can't afford to keep up but it's worth a lot more than I have in it"... GET RID OF IT, you don't even have to cut your losses, you can walk away debt-free with money in the bank so buy something cheaper or rent for a while! I wish I were in that situation some years ago. I got suckered into a home that wasn't worth what I thought it was worth, and wasn't as good as I thought it was (I was 25 when I bought it, first home, lots of lessons learned), so when the problems appeared I didn't have the choice of walking away with money in the bank. My choices were either selling with debt or spending every cent I could scramble together to make it safe and eventually hopefully worth what I put in. I chose the latter because I simply couldn't afford to rent ànd pay off tens of thousands in debt that had to be financed through consumer credit.
Don’t be under the illusion that you can sell your house with faults and a survey won’t find it out. So you either fix the fault or be prepared to take a hit IF someone is able to finance the faults that need fixing.
*UNLESS you sell AS IS!!!!! Doesn't happen too often where you TRULY cannot get sellers to at minimum offer concessions. We selling my Grandparents home rn and it is 100% honestly AS IS! They built it in 1963 and kept it up REALLY well and there are a few smaller things (a fuse box needs switched to breaker box) it needs some fresh paint (Grandma REALLY liked Ole Lady green) and as nice as a nearly new home.......
Renting is a valid option for building wealth too. You don't need the amount of space you think you need. With high interest rates nowadays renting is often cheaper, and you can put the difference in a diversified ETF. If you have the cash for a down payment, you can max out your Roth and 401(k) contributions, and those tend to grow faster than real estate (the last 3 years are an exception). Renting also makes your life more flexible. Landlord doubles your rent? Get a better landlord. Get a job offer in another city? Your only moving expense will be the UHaul truck.
I feel more like I’m stuck in between a rock and a hard place in NJ. Rent for a 2 bedroom (would be nice for my daughter and I to move out of a 1 bedroom as she’s getting older) is around 3k but a small house is 5/600k…so it’s either throw many away in renting or buy something I definitely can’t afford. This whole economy’s just messed up I blame boomers
I agree with you. I'm single. I had a house for 20 years with a reasonable mortgage for my income but there were always repairs to budget for and then there are rising taxes and insurance and my neighborhood started to go down hill after nice apartments down the road became section 8. I was so stressed out. I sold it in June 2021. I moved into a reasonably priced apartment that I love. And I have been able to save a lot more money. And my peace of mind is "call maintenance".
Sounds like it's way too big of a house. I'm out in Los Angeles. Wiggs started using many splits. Don't need any of that stuff. It basically takes the place of a window unit but works way better for heating and fully. And you don't have any hoses any of that drama
That lady that called about buying that house, why would she waste all her money on a big expensive house like that. Hordes of cash and a good paying job rather than having that conglomeration sitting in my yard when if it's just me or just me and somebody else, why does she need all of that room in that big house? I myself could live on just a bed. Bed for sleeping and when I put makeup on I'll sit on the edge of the bed. Put it on. Okay. I could live on nothing almost. I'll never be buying a big house. What am I saying I'll never buy any house. I don't need it😊
How do people obliterate HVAC systems so quickly? Makes me appreciate living in the northeast. a simple hot water boiler will heat the house reliably for 15+ years with basic maintenance and in the summer you can put in a window ac or a mini split and cool a majority of the house. Id loose my mind at a 15K HVAC system unless it was a complete new system.
the guy with triplets is fine, no need to sell duplex. Why give up the rental income when he is easily cash flowing and he can also easily afford the new house with his income.
How in the world did the hvac cost her 15k on a 300k house. I had both my units replaced at $7-8k each (two systems) 4 zones total (Train not builder grade). One is a traditional heat pump, the other is a hybrid heat pump with gas fire furnace that kicks in below a set temp. Sounds like they need some coaching on hiring contractors/companies to do work. Part of home ownership is learning how to get work done at reasonable cost, from reasonable companies.
My daughter had triplets times 2. Buy second had. Look for a Honda minivan. Triplets won’t fit in the back of a sedan til they are out of the car seats… there is a weight and height limit for getting out of the car seats
His point was that she could (and should) qualify for the mortgage with a 5% down payment. That's the only part the bank cares about...underwriting it. She can ALSO pay the additional amount from selling crypto, and the bank will absolutely accept it, they just won't count it for underwriting. He also said he'd prefer she sell the crypto to keep cash for her emergency fund.
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
I started out with a financial advisor called *"Rochelle Dungca Schreiber"*. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor..
I'm having a difficult time selling my wife on Dave's plan. I want to do as Dave says. My wife wants to buy a nice house in the burbs with a longer term and lower payments. In ten or fifteen years when our daughters will have moved out, THEN buy a small one or two-bedroom place to retire in (after selling the previous house, which will have gone up in value) that we'll easily be able to afford. Please discuss and thanks.
While the value of the home will likely increase in that time, so will the prices of that small one or two bedroom place. Work out your budget for mortgage payment, and using a mortgage calculator with current interest rates, run what your home budget would be on a 15 vs 30 year mortgage. Print out the amortization schedules for each so you can show her how those monthly payments are being allocated. Show her how much interest you would have paid and how much home principal would still remain 10-15 years from now, and how much that house would have to appreciate to be able to sell it and pay cash for your retirement home. Right now she’s arguing based off the suburban house image in her head, but facing the real numbers is a different story.
Housing prices are so stupid right now. Just about every house is expensive, and expensive houses have a lot higher property taxes. It sounds like your wife wants the house to fill some kind of void of her not having enough as a child.
Your wife makes sense. Dave is not omnipotent nor is his plan one-size-fit all. You can always buy a house at a lower payment/longer term and then pay it as if it was a 15years. Be creative, and don’t just blindly follow Dave
@@SDALLE99 Dave teaches how to to get (and stay) out of debt. Those who follow his teachings want to take control of their finances and have financial PEACE. A more expensive house is bigger debt.. and Dave's plan works - I am completely debt free (including my house) from using Dave's plan as the compass. His plan works and gives people focus. It's all about having financial peace, because the borrower is slave to the lender.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
I have been back at watching ramey videos for the last 2 days, and all I hear them is telling people to sell everything. I feel like the host is too scared to take the risk to keep an extra income.
Why does Ramsey think you can’t get out of a home contract even with Ernest money?!?! You can and she should! My husband and I were under contract on a new build with paid Ernest money. After much consideration and crunching the numbers, we pulled out. Got our money back and dropped the contract!
I feel like they dropped the ball on the first call. Didn't sound like she really even understood what they were saying but they just kept going like they're explaining it to themselves.
It’s all about supply and demand. I live in an area where demand is a very high like a lot of places. I don’t care what the financial market does I don’t see a reason all the sudden housing prices would drop because the demand still far out weighs supply
Just because you we saw prices drop that one time in 2008 doesn't mean there's some cyclical nature to the price of real estate. The mechanisms that caused the 2008 crisis no longer exist. I hope prices drop, but it's not likely to happen.
I think that is Dave’s point. If you think that because the rent is a few hundred dollars more than the mortgage that you are making money, you are ignoring maintenance, repairs, and vacancy.
you really think people who make $300k are ALL financially literate? Probably 50% of people with BAD debt and who make BAD financial decisions are making over six figures. Just because some people make tons of money doesn’t mean they are not in debt / don’t need financial help.
@@jackie1710 people that make 100k + top 1% of nation in income. Most today are drastically under that. Anyone with money doesn’t do a call in show to ask advice. They know how to invest. Only the people trying to show u or coax u to invest in a product or service has people supposedly multi millionaires calling a call in show. None of the wealthy need that advice and if they do they don’t get it from Mr 10step. The 25k a year waitress maybe does call in or Mr middle class with his new caddie and 800 a month payment to impress his neighbors does
I never understand why Dave pushes the 15-year mortgage AFTER they are under contract. He doesn’t want them to pull out and he insists on the 15-year. I love the 15-year option, but once you’ve agreed to purchase a $725k house it will be impossible to afford a 15-year fixed. I get it is the best option, but once you’re under contract the 15-year is too late.
Word of advice to anyone wanting to go into real estate. If you’re gonna take a loan out and not pay fully in cash, please stop whining and complaining about tenants paying anything. YOU are the one borrowing money for a property that could’ve gone to a family that needs a home and instead you wanted to make money on it. Have some damn empathy if you decide to go into real estate and realize people are going through all sorts of things. I understand being frustrated about your property getting destroyed because that is a separate issue. But how many people upon people were evicted during Covid when people lost their jobs and landlords “needing” the money in order to pay the loan off on their property because they didn’t freaking pay for the property in cash fully is absolutely insane to me. You’re the landlord. YOU are responsible for the monthly payment to the bank. Stop viewing it as your tenants are. Especially if they are paying YOUR mortgage. Also, don’t get me started on the whole “christian” and renting out property 😂.
Why is the landlord's agreement with the bank somehow more valid than the renter's agreement with the landlord? How is it unethical to sell people a place to live? What's next food & clothes?
I try explaining this to renters all the time. They don’t understand that owning a house is EXPENSIVE Not only is it expensive, it’s ALL ON YOU - you can’t just call up your landlord anymore and say shi like “you need to come fix my clogged toilet or I’m not paying rent” - good luck pitching that ultimatum to the mortgage company. Your life quickly becomes: figure it out / pay out of pocket for a plumber / or learn to crap in a bucket
Exactly! The very reason why I sold the house that I lived in for 20 years and moved into an apartment that I love. I'm able to save more money and I can always "call maintenance".
The guy makes over $200k/ year, potentially $300k. With $3,100/ month… I would ask how much this guy has in savings. If he has close to $100k or more I would save the duplex. Even if they don’t pay for 6 months he can cover it
Demand is rapidly increasing now. Many cities are now mandating every rental is available to section 8. You can not turn renters away based on section 8 status now. Couple that with inflation.
If she waited and held her crypto today it would be converted into millions in trash American fiat. Probably sold he extremely scarce asset at the bottom unfortunately.
Dave is wrong. I’m saving this channel to remind everyone of how he used his influence to maintain the market bc he’s invested to the hilt (like most boomers - they had a cheap/east America to grow rich in). EVERYTHING BUBBLE IS GOING TO POP.
Jesus Christ died for our Sins According to the scriptures and that he was Buried and that he rose again the third day praying for everyone everyday God Bless You All 🙏.
30:22 when my girlfriend was pregnant with our daughter she made me buy all this brand new top of the line stuff she was stressed out about not having everything and I was just trying to get her to understand we don’t need to spend $700 on a crib or $700 on a recliner or $300 on baby monitor or $1000 on a dresser because she’s a baby we’re not gonna use everything for very long let’s get the stuff that won’t be used much cheap or second hand but nope! We used the crib and baby monitor 3 times maybe because my daughter didn’t like it she slept in the baby bed that attached to our bed which was like 75 bucks. A $300 recliner from big lots would have been more comfortable. People don’t understand that ur newborn baby doesn’t need as much as u think and you don’t use many things for long so buying second hand is way smarter save the money for later.
I think it's great, people like you provide an enormous supply of almost new baby stuff
Nesting. We have 5 kids. I’ve been through it 5 times. Lol.
In Europe no bank would finance something like this because the first caller doesn't have enough income.
We used a dresser drawer and my son is an engineer
Sounds like you picked wrong
0:25 “Getting back to God’s and Grandma’s ways of handling money.” Amen 🙏.
I didn’t think that first caller was ever going to get to the question
😴
Legend has it she's still going
@@cupbowlspoonforkknif😂😂😂
I still don’t understand her question she never made
As a hvac tech they got screwed on that HVAC. most all brands have 5 year parts warranty out of box. No reason to replace
that woman sounded like a sucker to me. I had my AC give out 3 years ago and hired a company to fix it. They told us that it couldnt be fixed and it was clear to me the person wasnt even a repairman but was a salessman. The same thing happened to my mother. We kicked them out of the house and found someone to fix it for $300 and it has been fine ever since. We got a quote on our floor repair and they said it was going to cost $1500 to repair one peice of wood that I know is only about $150 in materials I also told them to get out of my house. When someone quoted 100k to renovae my basement I found someone who did it for 30k including a new washroom. The main thing that I learned as a fairly new homeowner is that there is no shortage of people who want to take every dollar you have if you let them. There are also no shortage of repairpeople to get free quotes from so you need to do a better job figuring out how to value the work they are quoting you on. If you have nothing wrong with your home you can certainly find enough people who will tell you your house is falling down and tell you that if you give them everything you have they may be able to help you out.
Did you actually tell them to get out?
@@Qwackdawackhe kept them in his basement
the people that call in with problems making 300k lol
You still have problems, they're just better problems!
Mo' money mo' problems.
Mo bullshit callers and fake ones to boot
They are the problem lol
Im from the uk. First caller There is no way a bank here would loan money earning $130k for a 750k house with 10% deposit. Thats nuts!
...that's 45k a year plus interest, so we'll round up to 50k to be generous? It's not ideal, but it isn't difficult for 130k income a year. Living off of 80k is a breeze. That's 6,000 a month.
@@MelissaW0940% of pre tax income paying just your mortgage is straight up broke if she’s making 130k she’s cutting 20k right off the top for taxes 10k for retirement and she’s living on 50 maybe assuming no car payments and no major issues it’s doable but any house issue and your losing your house in 5 years
I’m confused she makes 120,000 gross? And has a mortgage for 750,000? Or did I miss something?
thats your average american for you… amazing that banks here will even give loans to people that are 6x their yearly income.
Makes me feel better about my 130 gross income and 400k mortgage (and I also sold my existing home, taking home 160g in profit)
How is it that her two year old AC wasn’t under warranty?
It was 2 years old when they bought the house in 2019 so it was from 2017-2024 so 7 years old.
@@mrdark9916I’m sure it had a 6 or 7 year warranty because the ac manfuracture knows 95% of them fail at 7.2 years of no upkeep maintenance.
Yeah you should service your AC yearly or pay someone to do it
@@mrdark9916
7 years is not very long for an air conditioner. Mine is 22 years old and still going strong
Lady don't buy a house you cant afford period. Buy something that is less expensive 750k in expensive
750k is cheap in my area 😂
@@kiksocks12but that’s a lot of money . Doesn’t matter if it’s a condo or 4000 square foot house
@@kiksocks12 I agree! I'm in the mid-Atlantic region myself (not VA) and Northern Virginia is crazy expensive.
If shes in California ;$750K is cheap for a house
The IG/TIK TOK culture. She'll sell out of necessity or be foreclosed on in two years.
I love Dave and Dr. John's reaction and the responses to the Triplets.. Congrats Mitchell, Salt Lake City
Get a good 2nd opinion from a reliable hvac company before you go buying new units. I’ve seen so many new units being sold when a 20$ capacitor woulda fixed it.
Always get a second opinion on ANYTHING substantial
I 100% feel what Mitchell feels. I would have been in the same boat with him.
He shouldn't sell the duplex if one side would pay for the whole mortgage. I would just keep it and rent the other side which can pay for part of the new house mortgage too. He make good money as a insurance just in case one of the tenant stop paying rent. Even if that happens with one side paying the whole duplex he can still pay his new house mortgage.
My thoughts exactly too, if his take-home is 250k, he's bringing in 20 k a month, should be more than enough to cover both mortgages if need be
He has triplets now. No time to be a landlord.
To the triplet dude: no such word as boughten.
Haha. I thought I was the only one who caught that. He’s just stressed out he can’t talk
Probably he doesn't get a good night sleep 😂
They ripped that first caller lol
She absolutely needed it.
@@southerngraceglamourshe’s absolutely house poor if the deal went through
Stand up for what is right even if you stand alone praise God praying for everyone everyday God bless you all 🙏.
I sold the house that I had lived in for 20 years back in June of 2021. The market was nuts. I feel like I unloaded an albatrose and made a nice little profit. It was a modest garden home in North Dallas and I had 8 offers within the first few days. Put it on the market on June 2. Closed on June 28. It was nuts! So glad I got rid of it. I just lipsticked it and did nothing else. Moved into a nice modest apartment until I can figure out my next move. Homeownership is a lot of work and money. I finally feel like I can breathe. I love being able to "call maintenance".
Tip for any home owner to never get in broke situations like that! Buy home warranty !!!! It will be like 50$ a month and they will fix hvac ac appliances plumbing and much more. All you pay 100$ deductible per claim thats it 👍 how in the F people don't have home warranty or don't know about it is stunning. I myself use america home shield and they considered the best in the industry. Dont confused with home insurance its different, you should have both. Your welcome 👊
The home repair lady needs a lawyer. A 2 year old house should not be falling apart like that
Explains why the previous owners sold it!
I just don’t know when or how supply catches up to get back to those days on market.
When I started my career it was 30-60 dom because of the bank inventory oversupply. I just don’t know how we get back to that
Brand new foundations have warranty for upto 10 years
750k house is absolutely insane
Wait, I wanted to know how much was left old on the duplex. And how much was it cash flowing
Great thing is the amount it’s cash flowing every month can be quantified and calculated to an exact number of equal one time payment now.
I don't understand these people... "I am buying a house I can't afford," "I have a house I can't afford to keep up but it's worth a lot more than I have in it"... GET RID OF IT, you don't even have to cut your losses, you can walk away debt-free with money in the bank so buy something cheaper or rent for a while!
I wish I were in that situation some years ago.
I got suckered into a home that wasn't worth what I thought it was worth, and wasn't as good as I thought it was (I was 25 when I bought it, first home, lots of lessons learned), so when the problems appeared I didn't have the choice of walking away with money in the bank. My choices were either selling with debt or spending every cent I could scramble together to make it safe and eventually hopefully worth what I put in.
I chose the latter because I simply couldn't afford to rent ànd pay off tens of thousands in debt that had to be financed through consumer credit.
Don’t be under the illusion that you can sell your house with faults and a survey won’t find it out. So you either fix the fault or be prepared to take a hit IF someone is able to finance the faults that need fixing.
*UNLESS you sell AS IS!!!!! Doesn't happen too often where you TRULY cannot get sellers to at minimum offer concessions. We selling my Grandparents home rn and it is 100% honestly AS IS! They built it in 1963 and kept it up REALLY well and there are a few smaller things (a fuse box needs switched to breaker box) it needs some fresh paint (Grandma REALLY liked Ole Lady green) and as nice as a nearly new home.......
Arlington Insane experience!!!!!!! I wouldn't be able to rent a 250 sq ft place there with the best income Ive ever earned!
You’re making 300k and struggling? Geez man… if you make that much and can’t figure it out, when will you?
Renting is a valid option for building wealth too. You don't need the amount of space you think you need. With high interest rates nowadays renting is often cheaper, and you can put the difference in a diversified ETF. If you have the cash for a down payment, you can max out your Roth and 401(k) contributions, and those tend to grow faster than real estate (the last 3 years are an exception). Renting also makes your life more flexible. Landlord doubles your rent? Get a better landlord. Get a job offer in another city? Your only moving expense will be the UHaul truck.
Renting sucks. If you really like living the communal mindset and want others telling you how you to live, rent.
Renting should not be a long term play!!!
just say you can’t afford to buy a house.
I feel more like I’m stuck in between a rock and a hard place in NJ. Rent for a 2 bedroom (would be nice for my daughter and I to move out of a 1 bedroom as she’s getting older) is around 3k but a small house is 5/600k…so it’s either throw many away in renting or buy something I definitely can’t afford. This whole economy’s just messed up I blame boomers
I agree with you. I'm single. I had a house for 20 years with a reasonable mortgage for my income but there were always repairs to budget for and then there are rising taxes and insurance and my neighborhood started to go down hill after nice apartments down the road became section 8. I was so stressed out. I sold it in June 2021. I moved into a reasonably priced apartment that I love. And I have been able to save a lot more money. And my peace of mind is "call maintenance".
Sounds like it's way too big of a house. I'm out in Los Angeles. Wiggs started using many splits. Don't need any of that stuff. It basically takes the place of a window unit but works way better for heating and fully. And you don't have any hoses any of that drama
Do his 2008 call now
Amazing that someone with a lousy $135K income thinks they can afford a $750K house. Pure foolishness.
As a plumber plumbing is not cheap especially if you need to fix a lot of it my company charges 180 an hour
Surgeon wages.
Regarding using your crypto, sell it turning it into cash or liquidate it. Then you can use it.
Gotta love the " fauci pandemic" 😂😂😂 Great way to call that thing
He would get more listeners if he would stop with the political bs
@@cokedclassic7627it was very well a fauci pandemic tho… Lol
😂 yep
That lady that called about buying that house, why would she waste all her money on a big expensive house like that. Hordes of cash and a good paying job rather than having that conglomeration sitting in my yard when if it's just me or just me and somebody else, why does she need all of that room in that big house? I myself could live on just a bed. Bed for sleeping and when I put makeup on I'll sit on the edge of the bed. Put it on. Okay. I could live on nothing almost. I'll never be buying a big house. What am I saying I'll never buy any house. I don't need it😊
If invitory is low should I just save my money and build my home?
How do people obliterate HVAC systems so quickly? Makes me appreciate living in the northeast. a simple hot water boiler will heat the house reliably for 15+ years with basic maintenance and in the summer you can put in a window ac or a mini split and cool a majority of the house. Id loose my mind at a 15K HVAC system unless it was a complete new system.
Max piti you can qualify is 4875. And that's without any other debt. I agree you should walk away.
the guy with triplets is fine, no need to sell duplex. Why give up the rental income when he is easily cash flowing and he can also easily afford the new house with his income.
I think its because the caller is stressed with 3 new babies and doesn't also need the stress of tenants.
We got a great car one time because the sellers had twins and needed a van!
How in the world did the hvac cost her 15k on a 300k house. I had both my units replaced at $7-8k each (two systems) 4 zones total (Train not builder grade). One is a traditional heat pump, the other is a hybrid heat pump with gas fire furnace that kicks in below a set temp. Sounds like they need some coaching on hiring contractors/companies to do work. Part of home ownership is learning how to get work done at reasonable cost, from reasonable companies.
How is this showing as “live” when it’s actually a re-upload?..
This is an old vid??
Its a live premiere. Not a live show.
@@kjvacp I’m sorry. But I’m confused.
This is a new compilation of old calls on real estate@@jeffreywhitaker5154
They are building plenty in the subs of Chicago.
feel for mitchell in his shoes just not 3
Dont celebrate too soon . This falling housing market is just getting started 😎
How do you remove a squatter that is not on the lease?
Physically.
Hire me to creep around at all hours of the day and night until they are so unsettled they leave voluntary $125.00 per hour, I come to your location.
@@gratefultrucker7781 do you also take photos? Its a child custody case, mom is squatting and a drug addict.
By becoming a squatter yourself and move in..
@@georgeorwell3501HAHA
Haha. I just my condo 1 week ago. It doubled in 2.5 years
If the duplex is paying for itself why sell it ?
Dave finally got JC to call in 😂
Does triple was not accidental
“Three car seats in a Sadan.” Uh, no.
My daughter had triplets times 2. Buy second had. Look for a Honda minivan. Triplets won’t fit in the back of a sedan til they are out of the car seats… there is a weight and height limit for getting out of the car seats
@@carolethomas9808 I have triplets myself. Times 2 is incredible!
Surely Dave doesn't think that we do not see his little hand movements cutting off the call before he gives them a "proper once over"! 🤣
I think that is just him buying their call so he can tie up the call without being interrupted
Surely you don't think that Dave cares?
pretty sure that just takes them off the loud speaker and sends them to his headphones and to his assistant.
There is no way a bank approved for a 750 k mortgage with a 130k income.
I hope Mitchell kept his duplex… selling is almost 100% terrible advice
Dave is actually wrong about selling the crypto and using the cash towards the house. Banks will not accept money obtained from the sale of crypto.
His point was that she could (and should) qualify for the mortgage with a 5% down payment. That's the only part the bank cares about...underwriting it. She can ALSO pay the additional amount from selling crypto, and the bank will absolutely accept it, they just won't count it for underwriting.
He also said he'd prefer she sell the crypto to keep cash for her emergency fund.
They will as long as the money is in the account more than two months before the mortgage application.
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
I started out with a financial advisor called *"Rochelle Dungca Schreiber"*. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor..
You are broke you bot
Boaaa cappin lmao
When they say triplets you say no. Triplets is stupid. This is not the 1800s
I'm having a difficult time selling my wife on Dave's plan. I want to do as Dave says. My wife wants to buy a nice house in the burbs with a longer term and lower payments. In ten or fifteen years when our daughters will have moved out, THEN buy a small one or two-bedroom place to retire in (after selling the previous house, which will have gone up in value) that we'll easily be able to afford. Please discuss and thanks.
While the value of the home will likely increase in that time, so will the prices of that small one or two bedroom place. Work out your budget for mortgage payment, and using a mortgage calculator with current interest rates, run what your home budget would be on a 15 vs 30 year mortgage. Print out the amortization schedules for each so you can show her how those monthly payments are being allocated. Show her how much interest you would have paid and how much home principal would still remain 10-15 years from now, and how much that house would have to appreciate to be able to sell it and pay cash for your retirement home. Right now she’s arguing based off the suburban house image in her head, but facing the real numbers is a different story.
Housing prices are so stupid right now. Just about every house is expensive, and expensive houses have a lot higher property taxes. It sounds like your wife wants the house to fill some kind of void of her not having enough as a child.
Your wife makes sense. Dave is not omnipotent nor is his plan one-size-fit all. You can always buy a house at a lower payment/longer term and then pay it as if it was a 15years. Be creative, and don’t just blindly follow Dave
@@SDALLE99 Dave teaches how to to get (and stay) out of debt. Those who follow his teachings want to take control of their finances and have financial PEACE. A more expensive house is bigger debt.. and Dave's plan works - I am completely debt free (including my house) from using Dave's plan as the compass. His plan works and gives people focus. It's all about having financial peace, because the borrower is slave to the lender.
@SDALLE99 Agreed. I think we'll do as my wife says and when we get our inheritances pay off the house asap.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
I have been back at watching ramey videos for the last 2 days, and all I hear them is telling people to sell everything. I feel like the host is too scared to take the risk to keep an extra income.
Why does Ramsey think you can’t get out of a home contract even with Ernest money?!?! You can and she should!
My husband and I were under contract on a new build with paid Ernest money. After much consideration and crunching the numbers, we pulled out. Got our money back and dropped the contract!
Doors flew off😮😅😅
HODL
I feel like they dropped the ball on the first call. Didn't sound like she really even understood what they were saying but they just kept going like they're explaining it to themselves.
I love Dave but I wouldn’t buy a house today until the prices do drop contrary to what Dave believe.
It’s all about supply and demand. I live in an area where demand is a very high like a lot of places. I don’t care what the financial market does I don’t see a reason all the sudden housing prices would drop because the demand still far out weighs supply
Just because you we saw prices drop that one time in 2008 doesn't mean there's some cyclical nature to the price of real estate. The mechanisms that caused the 2008 crisis no longer exist. I hope prices drop, but it's not likely to happen.
@@donhill1825 and 2008 was way worse banks were handing out loans to people that had no money
So you’re never buying a house?
It won’t happen brother, just buy a house when you’re ready to with a good down payment and manageable payment
Making 130k and only have little down payment? She sounds like untrue
I imagine the house buyer has someone else to help pay the mortgage.
Most of people are struggling to eat, pay the rent for some investor… just make me sad and think about the purpose of have more money than necessary
i don’t understand how dave (who calls himself a real estate investor) tells someone to sell a property that is paying for itself. wtf.
I think that is Dave’s point. If you think that because the rent is a few hundred dollars more than the mortgage that you are making money, you are ignoring maintenance, repairs, and vacancy.
The "fauci pandemic quarantine" 😂😂
120k salary with a 750k house? 😮😮
I am almost positive uou can take money from your 401k for a down-payment without penalty.
750k house with 130k income for 15 year mortgage?
If you are making 300,000,stop calling this show!!!! PLEASE!!!
you really think people who make $300k are ALL financially literate? Probably 50% of people with BAD debt and who make BAD financial decisions are making over six figures. Just because some people make tons of money doesn’t mean they are not in debt / don’t need financial help.
Most of them are setup calls. Fake calls to show people making big money. Most who make that income don’t listen to a how to show 😂
@@jecrpalierevidence?
@@jackie1710 people that make 100k + top 1% of nation in income. Most today are drastically under that. Anyone with money doesn’t do a call in show to ask advice. They know how to invest. Only the people trying to show u or coax u to invest in a product or service has people supposedly multi millionaires calling a call in show. None of the wealthy need that advice and if they do they don’t get it from Mr 10step. The 25k a year waitress maybe does call in or Mr middle class with his new caddie and 800 a month payment to impress his neighbors does
@@jecrpalierstats? Or just CZcams comment boys opinion Lol what even
I never understand why Dave pushes the 15-year mortgage AFTER they are under contract. He doesn’t want them to pull out and he insists on the 15-year. I love the 15-year option, but once you’ve agreed to purchase a $725k house it will be impossible to afford a 15-year fixed. I get it is the best option, but once you’re under contract the 15-year is too late.
I got a 20 year mortgage good timing as I got sick after I paid it off
Word of advice to anyone wanting to go into real estate. If you’re gonna take a loan out and not pay fully in cash, please stop whining and complaining about tenants paying anything. YOU are the one borrowing money for a property that could’ve gone to a family that needs a home and instead you wanted to make money on it. Have some damn empathy if you decide to go into real estate and realize people are going through all sorts of things. I understand being frustrated about your property getting destroyed because that is a separate issue. But how many people upon people were evicted during Covid when people lost their jobs and landlords “needing” the money in order to pay the loan off on their property because they didn’t freaking pay for the property in cash fully is absolutely insane to me. You’re the landlord. YOU are responsible for the monthly payment to the bank. Stop viewing it as your tenants are. Especially if they are paying YOUR mortgage. Also, don’t get me started on the whole “christian” and renting out property 😂.
Honesty said
Actually the moratorium made it so no landlord was able to evict people during COVID... besides that I understand the point though.
Just for that, im buying 10 more rentals to get rich off
Why is the landlord's agreement with the bank somehow more valid than the renter's agreement with the landlord? How is it unethical to sell people a place to live? What's next food & clothes?
@@kjvacp okay?
“Sell your crypto today.”
Bet the first caller regrets not having the savings to keep her crypto.
✝️🙏
I try explaining this to renters all the time. They don’t understand that owning a house is EXPENSIVE
Not only is it expensive, it’s ALL ON YOU - you can’t just call up your landlord anymore and say shi like “you need to come fix my clogged toilet or I’m not paying rent” - good luck pitching that ultimatum to the mortgage company. Your life quickly becomes: figure it out / pay out of pocket for a plumber / or learn to crap in a bucket
Exactly! The very reason why I sold the house that I lived in for 20 years and moved into an apartment that I love. I'm able to save more money and I can always "call maintenance".
Sit at a hipster bar lol
That lady can’t even explain the situation. Asking about buying a house that she already contracted for 🤦♀️
Does anyone have a connection to working with Dave Ramsey Solutions? I am trying to get a job there.
email him
The guy makes over $200k/ year, potentially $300k. With $3,100/ month… I would ask how much this guy has in savings. If he has close to $100k or more I would save the duplex. Even if they don’t pay for 6 months he can cover it
She can let the crypto cash sit in bank 2 months and then put it against the principal later as long as there's no prepayment penalty
Demand is rapidly increasing now. Many cities are now mandating every rental is available to section 8. You can not turn renters away based on section 8 status now. Couple that with inflation.
What cities?
@@acceleratedvideoproductionany blue city
the young guy sounds like his son
Drama requires an audience. Just walk away.
If she waited and held her crypto today it would be converted into millions in trash American fiat. Probably sold he extremely scarce asset at the bottom unfortunately.
No homes and no buyers
She's willing to loose 40% tp keep crypto
Buy a cheaper house.
sounds like a daddys’s girl. People have other real problems we would like to hear not privileged Advice seekers
What kind of 7th grader learned economics?
That 30k of crypto would be worth 60-75k now. Dave is an idiot about crypto.
The median sales price is cratering. Stop your lies!
It's not okay to sell crypto but it's okay to sell 401K even though you can pay yourself back with interest. Man is Dave stupid😂😂
If you see his top teeth I'll pay you $5
David! You will be talking over people STILL in March!!!! Jerk!
Dave is wrong. I’m saving this channel to remind everyone of how he used his influence to maintain the market bc he’s invested to the hilt (like most boomers - they had a cheap/east America to grow rich in). EVERYTHING BUBBLE IS GOING TO POP.
He doesn't actually want to maintain the market though. That goes against his own interests.
Jesus Christ died for our Sins According to the scriptures and that he was Buried and that he rose again the third day praying for everyone everyday God Bless You All 🙏.
Who is Jesus
@@medicinemann8844professional scam artist 😅
@@medicinemann8844😂😂
@@medicinemann8844 who are you?
No one gives a fuck about “scriptures” some dude wrote.