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Updated almost 2 years ago on . Most recent reply

User Stats

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

  • Nick Camizzi
  • Most Popular Reply

    User Stats

    363
    Posts
    406
    Votes
    Matthew Masoud
    • Investor
    • Orange County, CA
    406
    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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