Sell My House or Keep It As A Rental?

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Title	:	Sell My House or Keep It As A Rental?
Lasting	:	4.21
Date of publication	:
Views	:	117 rb

California is under a state of emergency and they’re implementing all kinds of tenant protections Some are set to expire, but they will likely be renewed Property insurance will double or triple Get out now while you can
Comment from : @greaselighting101

Thats not even that bad of a commute
Comment from : @poppingt4gs

He gives a lot of really bad financial advice
Comment from : @Angie-vo1ti

We have half acre home with two houses , this housing market is crazy in California, me and my hubby are 31 and 33 we hope to rent both our homes on our property and buy a bigger home for us and our 5 kids Is that a smart choice
Comment from : @laurasgarden2039

how did this play out? we had no additional quarantines
Comment from : @Andre-qo5ek

I wonder what the follow up is to this caller Property in Dallas increased by well over 40 in the last three years
Comment from : @ottertubetv9356

Hey help me somebodyi have house paid off worth 140k my ither house worth 240 and i owe 30k also have 5 acres in the country only have 6k in bank how can i maje rvis work i really dont wanna go back to workbut got interview in September again got re take the test! Shoukd i pull equity out these houses and pay off the house and pur trailers on the 5 acres
Comment from : @dayday-pj5rn

If I owe 67k and bought it for 92k but I am in 20k debt and the house been appraised to 310k as is should I sell or keep it ? Any suggestions been thinking real hard bout it
Comment from : @shmigo_montana804

Don't sell that home Keep the house, rent it Of course you need to see if you can pay up mortgage/insurance/etc if you have a low interest mortgage keep it if you can pay it offif not rethink I won't over react n sell it
Comment from : @Rainbow_1981

I had rented my home and moved out of country it worked fine for 5yrswe payed of our mortgage of course we cut down on our expenses as much as possiblewe paid off in less than 10yrs We did that with our investment properties too, no mortgage on any
Comment from : @Rainbow_1981

Have the same decision to make… Appreciate the video
Comment from : @benkaeppler7424

50 miles is nothing I drive 140 miles every single day back and forth to work…
Comment from : @eliovisita

I feel like they’re being negative Yes it’s possible for downfalls but still there is a good chance you’ll win Maybe Dave is working for Corporate Real Estate Companies now
Comment from : @LoopDoc

Is that Peter Gabriel?
Comment from : @Dragon_rls

In hindsight, this was horrible advice Real estate values have skyrocketed in the two years since this video I like Ramsey's advice on living within your means, but that's about all I agree with him
Comment from : @fiof

Really needed to hear this advice, we are in a very similar boat and trying to make the same decision
Comment from : @AlexJ189

Would a 1031 exchange be a better option
Comment from : @jasonnunez7276

Planning to buy another house in another town Thinking of renting my current home It's worth 230,000 5 bed 15 bath In a town of 8,000 Could rent it for 1300-1400 I pay a mortgage of 850 Pretty much rebuilt home, fully remodeled, new AC, water heater appliances Could probably maintain for 2000 a year could probably cash flow about 4,000 a year after all expenses Owe 81,000 on it With rent, appreciation of 5 as well as tenant paying principal think I could get a roi of about 11 Not to mention tax deductions and depreciation I'm not that experienced with real estate however so could be missing a few things in my calculations
Comment from : @Dave-yw2wc

Probably had a great interest rate on it too, this didn't seem like the greatest advice
Comment from : @keepgoin1

You can only sell a house once, you can rent infinitely, essentially, and sell as a bailout worst case scenario
Comment from : @intrepid_astronaut

No wonder he fails in real estate Never sell your house unless you have a big profit coming toward you When someone sell their home they are only getting asking price What happened to interest When you buy a home, you pay principle and interest You gotta think like a bank and get your principle and interest too There is a right way and wrong way to sell a house Taking advice blindly from someone advocating for the bank/lender and financial company is stupid It will keep you poor and make them rich
Comment from : @blacklight3330

Sell or rent is actually an awesome question What if it’s your first home and have equity of (100k at least) desirable location, stick built, upgrades, livable basement, brand new fenced yard, 1600 total sq ft on 2 acre I want to rent it out, but have no money to put down on our next home plus some credit card debt (Our meaning fiancé and 2 kids) We are kicking around the idea of using (HELOC 10 interest 🥴) Any advice would be greatly appreciated 🙂
Comment from : @jdubjdub645

He paid a very small down payment 😔 that's really bad to rent
Comment from : @ladyraddxjbs5893

What if, one a similar scenario, the house is paid off?
Comment from : @NPC492

They always talk people out of building wealth
Comment from : @ericsilva9323

I am struggling bad My house won't sell I don't know what to do
Comment from : @Kelly-nt2rq

Jon is a joke
Comment from : @Forrealdeal4u

How is about the idea sell it when house is profit and put on the stocks like Main Street, realty income ? Don’t have to deal with hassles stuffs
Comment from : @linhdoan7925

But what of it cash flows 600$ a month?
Comment from : @hlhl2691

I think renting it out is a good plan too Plus eviction moratorium to expire Saturday
Comment from : @robertthomas7552

I'm going to rent mine out and travel North America in a camper when I retire My house is paid off so I'll make money but, you have to save money if something breaks in that house If the ac goes out Need to fix that for your attendant brPlus what ever rental insurance cost
Comment from : @smallnuts2

If you want to invest don’t listen to Dave
Comment from : @xaviervallhonrat530

Would you recommend building a home in Florida to rent at this time, with everything going on in the country?
Comment from : @malekapf5618

Real estate is great in Texas especially the dfw
Comment from : @thetruth5635

"the break even is not there" 💯
Comment from : @00Noontide

PLEASE SELL rent instead of own let stupid people like me assume the debt and risk of ownership while you rent Dont own single family homes
Comment from : @Manatee360Phototography

I can morgtage a property too the Maxand still make 2x morgtage too cash flow with these rates
Comment from : @moneygrinds4216

I think renting it out is a good plan too Plus eviction moratorium to expire Saturday
Comment from : @iAintNeverPullinOut

Love
Comment from : @auroramothergoddess

“If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved”br‭‭Romans‬ ‭10:9-10‬ ‭❤️❤️❤️
Comment from : @Becca_Lynn

I had my paid for, sold mine i move 1000miles
Comment from : @daisykaran5607

How about you run some numbers and see if leveraging a team is an option before you "know" either is a good option You did this man wrong on this call
Comment from : @alexmontoya6384

California's full of idiots!!
Comment from : @jimroscovius

Sunk cost analysis always answers the question
Comment from : @jimroscovius

College town is the best, easy come easy go and always have a renter
Comment from : @johndone8045

Rice and beans, beans and rice is always the answer 🙃
Comment from : @emmkay16

Best mutual funds to invest 100k in????
Comment from : @hustlasstory7611

I think Dave is overlooking the fact that you can build equity over time with rental real estate
Comment from : @deanalbertson7203

I believe Dave is a little to quick to tell people not to have rental property For the average American building a rental portfolio is the best way to get out of the rat race I respect Dave greatly but it seems like he intentionally tells people to take the less risky route “ no risk, no reward “
Comment from : @evancagle9164

Keep it as a rental and rent by the room
Comment from : @CaseyBurnsInvesting

I agree with you the house isn't the way to go
Comment from : @PeachesCourage

I'll tell you what with the way that times are going I don't know about you holding on to a rental property We're thinking the same thing And to be honest with you Millions upon millions are not paying rent Do you know how difficult it is to get a renter out of your home? If you're going to rent your home you better do a month to month lease and have it legally stated if they do not pay rent within a certain amount of time You get to padlock the place Put it in writing Month to month you don't pay you don't play
Comment from : @MzClementine

Terrible advice What’s it rent for, what’s the PITI, how much debt, how much is it worth, etc there’s a lot of unanswered questions Calling it a liability is nonsense Real estate is THE BEST asset class to build wealth
Comment from : @thesnyderteam-lasvegas6614

😎👌👍🖖✌😁
Comment from : @johnmirbach2338

Four fingers and a thumb You can stop counting them
Comment from : @ShawnTempesta

I like how they forget about the appreciation of the property, you don't have to make money on the renting income, it's going to go up Now it's different question if it is worth the hassle 60 miles away and finding a good renter Not being local is an issue, but many people make a lot of money from appreciation even if they wreck the place I would probably rent it in this case since you already have the place, sell it if things don't work out, you can do that later
Comment from : @AtomicQuotient

Owning one house makes you wealthybrbrOwning two makes you a God
Comment from : @PassportBrosBusinessClass

I want to see John not have a pen in his hand, just ☝️ time!
Comment from : @edwinarias11

This is a good way to end up being a homeless landlord
Comment from : @Dflonn

Sell it Also you are gambling if you get good renters now Not worth the hassle if your not making decent money off a rental income
Comment from : @markg999