Juan V Lopez
“Live where you rent. Rent what you own.”
28 June 2021 | 58 replies
So it's really a pretty low risk scenario, and may not even be permanent if I turn it into a rental and go back to renting myself.Grant's ideas work for me since I don't like to be permanently anchored to anything or saddled with debt and big mortgage payments on an asset that produces no income, so I think it's solid advice for some people.
Account Closed
Invest now or wait to see if market tanks?
5 June 2019 | 93 replies
The velocity of deals being done can make a difference in market cycles at various points in time.Buying assets with top market rents and high debt could be a bad thing as it saddles you with non-producing with loss or neutral debt load which can hurt ability by more properties.I saw in the last downturn of 2007,2008 where people had a buy anything mentality and the train stopped.
Account Closed
We Are Only One Decision From a Totally Different Life
4 October 2016 | 69 replies
If I brought I saddle out it would scare them badly as I am sure neither of them will remember what they are.
Wes Shaw
1st Time Landlord needs help
20 September 2016 | 30 replies
I'd rather take a few more days than be saddled with a sub par tenant.
Wade Kulesa
Is Dave Ramsey correct? Anyone still around after 10 years?
4 August 2020 | 177 replies
That is why taking on smart debt makes sense in the beginning because if you saddle yourself with high debt and mediocre properties than can crush momentum for over a decade building wealth.Now Ramsey could have been mentioning those that bought (AT the top of the cycle) and went heavy into leveraged debt got crushed and that might be true.
Michael Lowe
Why are my friends so against me investing in Real estate?!
26 February 2020 | 191 replies
It’s really their disbelief that it’s possible to successfully invest in RE and own/gain lucrative profits .. without saddling yourself into an over extended mortgage for ur entire life.
Corey Conklin
My Opinion on Building Generational Wealth
18 November 2023 | 94 replies
As for how you are going to raise your kids everyone has their own style.My number one goal was to pay for my kids collage education so they were not saddled with student debt ..
Dovid Staples
Opendoor & Offerpad; What's Their Angle?
13 October 2019 | 154 replies
Everything is being "Amazoned" to the lowest common denominator.Just like foreclosures the only ones that can get a deal are the wealthy, the average guy who wants to buy a house and not be saddled with extreme overvaluation on a home has no options.
Haley Powell
How soon is too soon to invest out of state?
25 February 2020 | 72 replies
I've been warned that cash flowing properties near downtown are few and far between and I'm wary of saddling myself with a giant commute and my female coworkers tell me the DART isn't safe after dark.
Patrick Crehan
11k saved for an investment prop... NEED A CONFIDENCE BOOST
16 May 2019 | 98 replies
If you're saddled with debt and not discipline with your money then yes you need Dave Ramsey's advice!