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Dave Ramsey On Real Estate Investing – How To Buy Real Estate?

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Dave Ramsey On Real Estate Investing – Whats The Best?

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30 Comments

  1. BrandonFlorida
    July 31, 2021 at 7:06 pm

    Yet another video that purports to show how to buy real estate, but does not. If I buy real estate, do I need to check anything about the land? Do I need to hire a lawyer? What are the steps? What do I have to watch out for?

  2. PortMiamiMike
    July 31, 2021 at 7:06 pm

    When paying cash, you now assume all risk🤦🏾‍♂️

  3. JohnnMasonn
    July 31, 2021 at 7:06 pm

    “Don’t be impatient, you’re going to mess up this whole thing!” Underrated.

  4. Louvenia Taylor
    July 31, 2021 at 7:06 pm

    😳 wow these people call with lots and lots of money and act like they don’t know what to do with it. Hey rich boy pay off your house 🏡 duh 🙄

  5. Pull up Papi
    July 31, 2021 at 7:06 pm

    No….no…..n..o…

  6. Tyler clark
    July 31, 2021 at 7:06 pm

    With that kind of salary he makes, here in Oklahoma I could buy about 3 investment properties a year. 😩😩

  7. Tom Arico
    July 31, 2021 at 7:06 pm

    This is where I disagree with Dave. I would always finance rental property. You get a much greater return on investment.

  8. Todd Givans
    July 31, 2021 at 7:06 pm

    He didn’t want dave to know about how much he invested

  9. Michael Smith
    July 31, 2021 at 7:06 pm

    You make your money when you buy! People should not be asking Dave about real estate investment

  10. Mike Theune
    July 31, 2021 at 7:06 pm

    CALLER: Hello Dave, I make 24K take home and that's a "good blue collar job" in the Midwest and was looking for some advice…..
    DAVE: Blank stare….Yeahhhhh we have to go to another caller CLICK.

  11. Mark G
    July 31, 2021 at 7:06 pm

    Lol only $25k saved is a joke and wants to invest in real estate. Then only 100k in 401k.

  12. TheCRHKing
    July 31, 2021 at 7:06 pm

    PEOPLE! Do not be afraid to borrow money to buy your rental properties! A 3-4% interest rate to collect 15-20% on your investment? It’s a no brainer! Dave Ramsey is wrong about this one. Don’t be afraid to make your own mind up. I bought my first rental property at 24 years old, a second at 27, and a third this year at 29. The second one was cash but the other two were financed and I’m bringing in $4025 a month in rent.

  13. Empire Textbooks
    July 31, 2021 at 7:06 pm

    Dave Ramsey is too stupid to figure out how to cash flow a rental property with debt even though it’s incredibly easy

  14. Save Money
    July 31, 2021 at 7:06 pm

    New York Real Estate. Buy your first duplex with a 30 year fixed mortgage (preferably with 20% down). Pay it off as fast as you can (approx 10 years). Now you are mortgage free with rental income coming in. Take the next 3-4 years to save for down payment for your 2-3 family rental. Pay that off in 10 years. You now have 2 properties (in NY) with no mortgage and cash flow.

  15. Jon Doe
    July 31, 2021 at 7:06 pm

    He tells you to pay cash because he went bankrupt in the past, return on equity is ALWAYS 0% and it is exposed to the market, prices drop there goes your cash, put it on the banks back . How dose this guy sleep at night giving these sheep bad info

  16. John Pearce
    July 31, 2021 at 7:06 pm

    How old was Dave when he got his first rental property?

  17. Kazyem
    July 31, 2021 at 7:06 pm

    I just don’t understand the point of “saving” all this money up. While this man waits 5 years to save up enough for his first rental property he’ll make a solid 0.45% in his savings account… for years!! Even with a mortgage you can make 12-20% on a rental investment property. In those same years he could save up enough to have 10 houses, making him so much more money. I’m genuinely convinced Dave Ramsey wants all the money to himself and doesn’t want anyone else to have it.

  18. MILWAUKEE WISCONSIN
    July 31, 2021 at 7:06 pm

    $150K to $225K????? Why not pay all your debt off and cash flow a property 🤔 what an idiot

  19. serz laky
    July 31, 2021 at 7:06 pm

    Just wonderful, I been tryin to find out about "nar realtor safety" for a while now, and I think this has helped. You ever tried – Siyamilla Financial Bigshot – (just google it ) ? Ive heard some pretty good things about it and my brother in law got cool results with it.

  20. celtsfan13
    July 31, 2021 at 7:06 pm

    if you have good tenant interviewing skills, and dont rent to dead beats, the rent is always there. I bought a two family. 3 bedrooms in each unit. 15 % down 225,000. Mortgage taxes and insurance 1545. rents 2575 total. After I pay the water bill. I net 900 profit a month. I also pay pmi and still clear that every month. If I waited to pay cash I would buy it maybe 2025 assuming inflation doesnt kill me. This guy is just allergic to debt. People making below 100k can totally own rentals if they play the game right

  21. Michael Kelly
    July 31, 2021 at 7:06 pm

    Dave, that was some good advice. Im not debt free but my mind is debt free. Taking on new debt is never the answer. For now I would put that 25k in an proven mutual fund or etf with great dividends.

  22. lady oun
    July 31, 2021 at 7:06 pm

    bad advice !

  23. Bora Corba
    July 31, 2021 at 7:06 pm

    Winner of a video, I have been researching "real estate investors tips" for a while now, and I think this has helped. Have you heard people talk about – Ponasson Estate Earthman – (do a google search ) ? Ive heard some super things about it and my co-worker got amazing success with it.

  24. jason mitchell
    July 31, 2021 at 7:06 pm

    Horrible advise.

  25. ATO GTO
    July 31, 2021 at 7:06 pm

    Hi RDSP's investement, ODSP government gives me currencies, because of learning difficulties, so this Dave work not mine,

  26. Mark of Excellence
    July 31, 2021 at 7:06 pm

    No no no no

  27. Agata Mal5
    July 31, 2021 at 7:06 pm

    I need some advice.

    Im 20 years old, married, and have a 6-month-old, living with my parents. Next year I am going back to uni for 4 years (Hence why we are staying with my parents) so I will not be working but my husband earns well. Since we are so young, we have been saving a lot and I have been thinking instead of buying our first house, we could save up $700+ for two years to put a deposit on a house and rent it out to people as I study. After I find a job, we will either sell the house, move in or continue renting it out depending on the situation.
    My question is, Is this a good plan?

  28. Tom Sawyer
    July 31, 2021 at 7:06 pm

    Can someone tell me how one can save to buy a house in San Francisco? The price of house goes up 10+% each year. Cheapest tiny fixer upper is 1M+. How is it possible to save up and pay cash? Or even a down payment?

  29. Aaron Peavler/Geomodelrailroader Railroad Photography
    July 31, 2021 at 7:06 pm

    I just listened to that lesson and Dave is right. Dave Ramsey has spent his life in the real estate market. If you are house shopping go to the web or do a site inspection with your county building inspector. If the house is bad DON'T BUY IT! If drugs were done inside it DON'T BUY IT! it will just jack up your repair bill. Never buy a house that has a repair bill that exceeds $50,000 it will just bankrupt you. Don't buy trailers, don't buy timeshares, and if you are not camping STAY AWAY FROM Mobile Homes and RVs! Never take out an ARM because it will just bankrupt you and stay away from tittle pawners they will repossess your home. If you are going to buy get a tittle loan from the bank don't go to a payday lender/ tittle pawner and avoid Debt Myths 8, 9, 10 and 11 The ARM helps know one, a 30 year mortgage will bankrupt you, a balloon mortgage is a bad idea, and you should not mortgage your home when you are paying your taxes it will just bring the loansharks. As Dave said think like a realtor when you are buying or selling your home.

  30. Tech Guy
    July 31, 2021 at 7:06 pm

    I’m going to agree with most of the comments below. I have 6 rental condos. I started 25 years ago. I bought each one a couple of years apart. I usually put the minimum down, 30%, except for the last one that I paid for with cash. My renters paid them off and I received a tax benefit every year for the past 25 years. Now, 25 years later they are all paid off and I receive about $5000 a month in rental income and I have about $1 million worth of paid for real estate that mostly my renters paid for!!! I feel like I had six people working for me. Yes, this is similar to how Dave Ramsey found himself in huge financial trouble. But I never got in way over my head. I was always able to make the mortgage payments even if my renters didn’t pay. But my renters always have paid. Perhaps my situation is unique but I rent to mostly young married couples near the local University. I love Dave Ramsey. He has helped millions. So many people don’t have a clue about finances. But perhaps people with larger incomes, who invest wisely, who have self-control already, do not need to go to such extremes. At the same time I invested similarly in 401(k)s and IRAs. I also think people should keep their credit score unless they have no self-control. I love Dave Ramsey and I think he helps millions but I have deviated slightly because I am an adult and I can do what I think is best for my situation.