Reported 3 days ago
Bobby, a Fresno resident with a fully paid-off home and $175,000 in savings, is considering purchasing a rental property but seeks advice from Dave Ramsey. Rather than giving a direct answer, Ramsey warns Bobby about the risks associated with debt in real estate investing. He explains that while owning rental properties can be profitable, it comes with hidden costs and potential financial pitfalls, advising Bobby to wait until he can afford a second property in cash to avoid leverage risks.
Source: YAHOO