Did you miss the most recent Ramsey Present episode? Don’t be concerned—we have you coated! Get all of the highlights you missed plus among the greatest moments from the …
Did you miss the most recent Ramsey Present episode? Don’t be concerned—we have you coated! Get all of the highlights you missed plus among the greatest moments from the …
I know some of y’all don’t like Dave talking about shacking up but religious views aside Dave is telling the truth, don’t do it.
When we were looking to purchase a house several years ago, the realtor keeps pushing us to buy a bigger, more expensive home based on the combined income of my wife and myself. We could afford a nice house in a very good neighborhood if we did this. I kept telling the realtor to only show us homes based on MY income only. She wouldn't listen so we fired her and got another realtor. Looking back, this is the best decision we ever made. We got a small(er) house in a still very good neighborhood, and is able to pay the mortgage solely based on my income. This frees up my wife's income to do other things. So much more financial freedom.
Homes are grossly over price when rates are down, it’s best to stay where you at. Chill…. best to get a rental property.
I'm not ready to hear the work "slow" for at least the next 10 years.
A millionaire telling people never pay over asking and negotiate? Dave probably bought this cash and/or huge down and or distressed, all which require huge amounts of capital. The rest of the advice was ok but that portion just didn't make sense
Let me ask you this.
When is it NOT a good time to buy a house?
😁👍👌🖖✌😎
Good job Dave!
Nobody likes hearing 15 year mortgage lol. Really puts into perspective what you can actually afford.
Dave said “Nope” lol
This guy cant commit to marriage what makes him think they can commit to co-owning a house together? Makes no sense
Bought my home in 2009 and no one in their right mind bids over.
So I bid 250 bucks over lol and ultimately bought for 40 cents on the dollar, turn key
She should be helping with the mortgage or paying rent. You don't get to live somewhere for free just because you're the girlfriend. She'd be paying rent somewhere else and paying someone's mortgage so it's basically the same thing. I'm guessing helping with the mortgage would be cheaper than living on her own, it will be a much nicer place as well. If she's not going to pay anything she is not living in the house, plain and simple.
I live with my boyfriend in our apartment and I’m fine with it, it’s a pretty standard thing a lot of couples do before getting engaged/married. However I agree that sharing a mortgage together makes no sense if it’s only in one of your name’s. Then you are paying off a debt that’s not even yours! What happens if you break up? Then you’ve just helped someone else pay off their house.
We would plan on getting married before looking into buying a house.
Yeah, put a ring on it or let her go.
feels like i'm never getting a house
Buying a house under his name only, with a 6 year girlfriend who would be being paying for part of the mortgage for a house that isn't hers? I don't mean to judge but something looks off and the girlfriend should see this as a red flag.
six years?! Put a frickin ring on it, it's not that hard
Hes lying! A conventional loan is not the cheapest. Va loans are the best. Dont put 20 percent down. It's waste of money.
I agree with everything Dave says except for this. This year I found myself in a great situation that allowed me to purchase my first home (all in just my name). My girlfriend lives with me and we established that she pays rent. She pays significantly less then anywhere else and lives in a much nicer place. Will we eventually get married? Yes. But the timing worked out that we got the house first.
If you take Ramsey's advice and apply it to women – slow down – don't marry it – he who goes slow wins – don't get emotionally entangled – slow down – slow down – slow down – don't get married – that is the best financial and economic advice one can get!
Marriage – the biggest mistake any entrepreneur or small business owner can possibly make.
There is no problem with a gf paying you rent to live there (i think that's what he meant) and if they break up just get another roommate. It's that simple and you can definitely factor it into your purchase as long as you can make money on it if you rented it out completely if you had to. Dave is stuck in here.
Totally agree with what Dave is saying in this video, although the more I've looked into it the 15 year mortgage idea may not be so smart for many people
Call it, charging her rent.
She better chip in to be living in that home
I want a “quiet” button like Dave has.
Decision point for the girlfriend.. She either marries and gets her name on the house, or is ok just being a GF who lives there and contributes to the utility bills and food only.
Dave on buying a house at 24: Slow down!
Dave on getting married at 24: Accelerate!
Every. Single. Time.