EP051 Are Financial Gurus always right?  Disagreeing with Dave Ramsey's advice on House Hacking with Expert real estate Investors Justin Workman & Rob Minch

EP051 Are Financial Gurus always right? Disagreeing with Dave Ramsey's advice on House Hacking with Expert real estate Investors Justin Workman & Rob Minch

Listeners to this show know that I'm a big fan of house hacking as a great way to get into real estate investing. Many of our guests have begun their investment career by purchasing a multifamily property and living in one of the units while letting the rent income from the other unit(s) pay for their mortgage and expenses. In fact, I believe house hacking is one of the most sensible and lucrative ways to build a real estate portfolio, and have spoken with many guests who have proven this to be so.

Apparently, Financial Advice Guru Dave Ramsey does not agree.

In a recent advice column, Dave seems to advise one of his readers against purchasing a three unit and living in one side, while letting the income from the other two units pay for his mortgage and expenses.

http://www.daveramsey.com/davesays/column/column/dave_Says_2016-11-07

Dave goes on to suggest the reader would be better off purchasing a nice, single-family home instead.

Does Dave's advice really make sense? In order to answer this question, I've invited several of my past guests into the studio to debate the pro's & con's of his answer.

Justin Workman (Episode 3) and Rob Minch (Episode 9) help me get to the bottom of Dave Ramsey's House Hacking advice, and the result is not what you would expect.

Avsnitt(592)

How to Get Tenants to Pay Rent on Time and Build Credit with Lily Liu

How to Get Tenants to Pay Rent on Time and Build Credit with Lily Liu

One of the biggest challenges for rental property owners is ensuring residents pay on time—and keeping them motivated to stay. What if you could turn rent into a win-win, boosting your cash flow while...

15 Dec 202523min

Building Wealth with Sustainable Materials: How Climate Innovation is Reshaping Real Estate with Josh Dorfman

Building Wealth with Sustainable Materials: How Climate Innovation is Reshaping Real Estate with Josh Dorfman

For investors, developers, and property owners, the future of real estate isn't just about location—it's about building smarter, cheaper, and more sustainably. In this episode, Brian Hamrick sits down...

8 Dec 202531min

Why Every Real Estate Investor Needs Title Insurance: Protecting Your Deals from Liens, Fraud, and Hidden Risks with Dru Wischhover

Why Every Real Estate Investor Needs Title Insurance: Protecting Your Deals from Liens, Fraud, and Hidden Risks with Dru Wischhover

Most real estate investors love hunting for great deals—but few think about the unglamorous step that can make or break a transaction: title insurance. In this episode, Brian Hamrick sits down with Dr...

1 Dec 202536min

From Duplex to $10 Million Portfolio: Bob Biggins' Path to 500 Doors

From Duplex to $10 Million Portfolio: Bob Biggins' Path to 500 Doors

What does it take to grow from a single duplex to managing 85 units worth nearly $10 million—and then set your sights on 500 doors? In this episode, Brian Hamrick talks with Bob Biggins, a Michigan-ba...

24 Nov 202528min

Building a Brand with Large Group Short-Term Rentals on the Kentucky Bourbon Trail, with Andrew Llewellyn

Building a Brand with Large Group Short-Term Rentals on the Kentucky Bourbon Trail, with Andrew Llewellyn

How do you scale short-term rentals into a hospitality brand for large groups—and use bourbon tourism to keep your calendar full? In this episode, Brian Hamrick talks with Andrew Llewellyn, founder of...

17 Nov 202530min

How to 10X Your Rental Income with Sober Living & Group Homes with Jim Boad

How to 10X Your Rental Income with Sober Living & Group Homes with Jim Boad

What if your rental properties could deliver strong cash flow and transform lives? In this episode, Brian Hamrick talks with Jim Boad, founder of Shelton Housing and author of Group Home Accelerator, ...

10 Nov 202531min

Accessory Dwelling Units (ADUs): How Backyard Builds Can Solve Housing Shortages and Boost Cash Flow with Nathan Biller

Accessory Dwelling Units (ADUs): How Backyard Builds Can Solve Housing Shortages and Boost Cash Flow with Nathan Biller

What if the answer to West Michigan's—and America's—housing shortage isn't massive new developments, but small homes tucked into the neighborhoods we already live in? In this episode of the Rental Pro...

3 Nov 202529min

Turning a Vacant Historic Theater Into a Thriving Community Asset with Brad Andrus

Turning a Vacant Historic Theater Into a Thriving Community Asset with Brad Andrus

What does it really take to bring a crumbling historic building back to life—and turn it into a thriving, income-producing community space? In this episode, Brian Hamrick sits down with Brad Andrus, c...

27 Okt 202531min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
svd-tech-brief
badfluence
rss-svart-marknad
uppgang-och-fall
bathina-en-podcast
avanzapodden
tabberaset
rss-inga-dumma-fragor-om-pengar
24fragor
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
rss-dagen-med-di
kapitalet-en-podd-om-ekonomi
borsmorgon
fill-or-kill
rss-veckans-trade
lastbilspodden