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Updated about 2 years ago on . Most recent reply

User Stats

45
Posts
33
Votes
Nick Camizzi
  • Garner, NC
33
Votes |
45
Posts

Ramsey or Kyosaky

Nick Camizzi
  • Garner, NC
Posted

So I make $65,000-$70,000 a year. I owe $80,000 on my home which is now worth $460,000. My question is should I sell my home & by 2 with 1 small mortgage or use equity & buy one. I can get around $2,000 in rent on my primary home now. My mortgage would be high due to rates. I’m very nervous about renters either not paying or trashing the place & not really leaving me enough financial leverage to pay. i think i know what I’m going to do probably sell my house. BUT IM CURIOUS OF WHAT OTHERS WOULD DO. Every opinion is welcome.

Most Popular Reply

User Stats

363
Posts
407
Votes
Matthew Masoud
  • Investor
  • Orange County, CA
407
Votes |
363
Posts
Matthew Masoud
  • Investor
  • Orange County, CA
Replied

My personal opinion is that Dave Ramsey's philosophy was made for the average person. The vast majority should save, avoid debt, and only buy cash.

For those with some self-control, Kyosaky can make you rich.  

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