Your Take On The Dave Ramsey Investing Strategy

[Jonathan Boek]

Hi everyone,

I'm curious at to your take on the idea of buying investment properties in cash or through a high down payment manual underwritten mortgage as recommended by Dave Ramsey. I'm personally of the opinion that it's generally best, at least for buy and hold properties, to have more equity in the deal, but as someone who lives in California, buying local properties with 30-100% down is fairly difficult for the investor just starting out. Unfortunately, the options are somewhat limited when you lack a credit score (never held a credit balance, always payed in cash for everything). I've of course researched other options such as private lending, owner financing, FHA house hack, etc..., but thought it might be interesting to see what routes other investors have taken when faced with this situation. Thanks in advance for all the help.

All the best,

-JB