Another Case Study for Why I Tell People NOT To Do This!

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[@SANLEOR]

*Amazing. “How to build wealth, do this..”*

[@SANLEOR]

the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.

[@SANLEOR]

I made amazing decisions that changed my finances (over 1M in 2yrs) through my financiaI pIanner. Got my 3rd house Iast month and will retire soon.

[@SANLEOR]

Whosoever tries this sureIy acquires wealth. Get to her.. ELlZABETH GREEN HUNTS...

[@froggore52]

Signing over a deed before getting your name off the loan is so exceptionally stupid I can't even wrap my head around it.

[@jfkst1]

Yeah I can't even understand how that's possible unless he's co-signed.

[@shanep2760]

Exactly what I was going to say 🤦 now he has all the liability with no claim to the property

[@TMPS93]

I made the mistake of "shacking up" as Dave would say. My ex did that and then tried to stonewall me on the refinance to squeeze money out of me. Needless to say the quit claim deed was signed and fortunately my mistake was much less expensive than it could've been.

[@scubasteve9566]

He's just plain dumb...

[@Ruth-vy1qj]

Extremely dumb it not take care of business

[@GAFB1122]

For the one sided haters. Dave GIVES the same advice to both men and women and that is DO NOT BUY A HOUSE WITH SOMEONE YOU ARE NOT MARRIED TO. So just stop with the crying, Dave says this to women and that to men.

[@kbanghart]

It's not usually Dave who is the issue, it's the toxic / troll comments from weird guys

[@GAFB1122]

​@@kbanghart💯💯

[@handleyobusiness]

​@@GAFB1122 And don't have kids by someone you're not married to!

[@Jenda-ld8dj]

This is the best advice: Don't get married, Don't get into a contract of any kind with anyone whom you are or would be romantically involved with.

[@MichaelHollen]

Dave is an equal opportunity tough love coach. 😂

[@bigcahuna42366]

I'm so glad that when I purchased my house as a single man, the property is entirely in my name, both the mortgage and the property deed. I have no money problems nor relationship problems.

[@trainsandlocomotives]

Facts! That’s the better way of buying a house. I did the same thing. Some states have messed up divorce laws and buying married isn’t as “safe” as people put it out to be.

[@MrClassicmetal]

That's the way to do it.

[@Dividendflywheel]

Big step to a seven figure net worth. Regardless of your gender. Own assets YOU work for. Majority of the population are financially irresponsible or have no wealth plan

[@carey8250]

I always say, don't be a nice guy... be a kind man. Huge difference.

[@UTP504]

Right, agreed💯%. Nice and niceness always gets you F over and taken advantage of. Be kind and considerate, but set firm boundaries.

[@carey8250]

Amen

[@Coover90210]

@carey8250 fyi, I will be stealing this. :-). Love it!

[@CaptainQueue]

Wish I knew this 50 years ago, both with family and especially co-workers. Some, not all, will treat a nice guy like a doormat and ATM.

[@WolverineIncognito]

I love when Dave lets people have it! THIS is why you don’t do married people stuff with someone you’re not married to!

[@Lon1001]

This is the exact same process as divorce, only one less step of not also having to get a divorce decree.

[@289Mustang67]

@@Lon1001 If they had gone through court to get a divorce, the odds that this guy would be in this situation 16 years later are pretty low.

[@BlueDauntless]

@@Lon1001The difference is he would have had this taken care of years ago. How many years later is he still dealing with this? Way too many!

[@babblesp1367]

@@BlueDauntlessisn’t that when you get a lawyer and force a sale? I get the feeling this guy is trying to do it on his own and he’s dealing with it all. Get a lawyer to help force it.

[@user-iu1gj5wc5z]

Don't wanna pay most likely. Notice Dave is free. Why pay a lawyer?😂

[@alanolson6913]

As Judge Judy said : there are real estate courts, family courts, mental health courts but not courts for people who shack up. Never purchase anything that way. It will wreak havoc in your life and it has a ripple effect.

[@catherinekoch3735]

My son thought it would be a good idea to buy a house or condo with a friend. Thank God i talked him out of it.

[@Ojisan642]

This guy is insane. Sixteen years he’s been dealing with this? He should have called a lawyer day one.

[@babblesp1367]

That’s what I thought. Force a sale. Split the equity. Done. Neither of you get the house.

[@Jane-rh7tc]

he was probably too cheap to hire a lawyer

[@gabe1254]

@@babblesp1367the home probably didn’t have any equity 16 years ago.

[@Dividendflywheel]

He should have involved a lawyer immediately 3:45. Bought house with parents of baby mama. Aaoouuch

[@profribasmat217]

@@babblesp1367well I guess you didn’t understand the part that he deeded the house over? He is on the loan not the house.

[@Fred2-123]

As dumb as I am, these calls make me consider myself to be a genius.

[@BaconMountainMan]

Same 😅

[@janeoleary8454]

Hilarious

[@lwandotunzana6012]

😂

[@MrHeavy466]

And thus you understand why the show is so successful.

[@UTP504]

LMFAOOOOO😂

[@bettysmith4527]

OMG, this guy was SUPER stupid to allow them to take his name off the deed and not the loan! You cannot get any equity, you no longer own any part of it!

[@jfkst1]

Yep the only benefit is that he does get the credit boost if payments are consistent and if credit is even useful to him.

[@getinthespace7715]

He is going to have to sue them. They know he is a push over.

[@percivalgooglyeyes6178]

Yeah, pretty dumb, and he now makes a pretty high income? How does this happen.

[@kiturselassie813]

​@@jfkst1lol

[@lagoonlane]

Dumb @ss

[@BlueBoxGirl1837]

SPEAK THE TRUTH DAVE! People don’t want to hear it because they ALWAYS feel “they are” the exception 🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

[@dangerzone24]

Everything about this guy is a lesson in what not to do. Kids without being married, buying houses without being married, and who knows what else with all the pauses and hesitation in this guy's voice....

[@lexmax08]

He has $50k saved up. I just happen to have the deed to the Brooklyn Bridge and will sell it for $50k. This poor guy seems like the perfect customer.

[@georgeclarke2258]

I learned this the hard way many years ago. I was living in CA where real estate was expensive and interest rates were high at the time. A friend and I went in together and bought a house. Long story short, it turned into a complete nightmare, ending in foreclosure

[@kbanghart]

Well don't feel too bad, after the housing bubble lots of us went through foreclosure

[@georgeclarke2258]

@@kbanghart I’m fine, I already owned another home in Va by the time the foreclosure was processed

[@SusanEmilyRyanHancock]

2years ago I paid off my mortgage and I can still remember my husband sending me a text message to say we were lucky making and taking the decision that's getting us $35K every month. Paying the mortgage felt like a noose lifted off our neck after 6 years of worry. Marry before buy a house together folks

[@SusanEmilyRyanHancock]

Big thanks to Renee Marie Harrison

[@SusanEmilyRyanHancock]

She's a licensed broker here in the states 🇺🇸

[@SusanEmilyRyanHancock]

Her top notch guidance and expertise on digital market changed the game for me

[@I_abide_with_the_holyspirit]

Please how can I get connected with her?

[@SusanEmilyRyanHancock]

There is her line below 👎🏻

[@Bethelgal42]

If you aren't married, no shared finances, no shared bed, no shared home. Let's make morals popular or normal again. If you aren't ready to get married, then you aren't ready to play house either. It's a better way to live.

[@James_Hough]

Never buy a house with someone you are not married to. Period. No exceptions. If you are not committed enough to each other to get married, why would you think that you should tie your lives together through a piece of real estate?

[@reese85]

I think there’s exceptions for everything but that’s just me

[@ballinforlife9]

Completely agree, the only thing I will add is that if you’re someone with a lot of assets, buying a house might be less risky then marriage. If you get married then divorce, you’re at risk of losing way more then just your home, however if you only bought a house together then at worst you’re out the money you spent on the home because your spouse would have no legal claim to any of your other assets

[@MrMustangrick]

Big mess. Not smart.

[@bjkarana]

@@reese85 Every caller thought _they_ were the exception. And then they learn.

[@reese85]

@@bjkarana every caller doesn’t represent the world

[@kemonephillips]

Tell them that you will stop paying the mortgage if your name isn't on the deed or you will let the home go into foreclosure and nobody gets anything. $400k in equity is no joke to throw away...

[@jefflewis4]

If he stops paying the mortgage, the homeowners can just sell the home, agree to give the bank the remaining value of the loan and keep the rest for themselves. If they sold the home at market value, they'd walk away with 200k+, he would get nothing. But that would get him out of the loan. I suspect that's why he pushing them to refi, instead of pushing them to sell.

[@Emma-nm1qk]

Never buy a house with someone you aren't married to! I made that mistake in my twenties and it's one of the biggest regrets of my life.

[@Jenda-ld8dj]

Never get married, men.

[@SplashJohn]

The stupidity here is absolutely off the charts. And in the bigger picture, SO many people ruin their lives by ignoring the most basic rule for life: Don't have sex with someone you're not married to!

[@troisquarts3659]

Same goes for siblings. If things go south you'll spend the rest of your life dealing with them at family stuff, which makes it hard to be objective.

[@kbanghart]

I'm glad I have just one sibling, and she has common sense too. I feel bad for large families with all the problems.

[@troisquarts3659]

@@kbanghart I have no problems. Clearly enforced boundaries and a big mouth mean I'm family-problem free, it's just the rest of them who have/had a problem with me.

[@jackiekjono]

you have to know what your siblings are like, though. I think dealing with a home with siblings could work - just not with my siblings.

[@kbanghart]

@@troisquarts3659 lol

[@kbanghart]

@@jackiekjono true. My sister and I have pretty much divided up what we want of my parents stuff without problem. I DID catch her husband taking something out to their car once real quick like they were trying to be sneaky, but I saw what it was and it's no big deal. It helps if most parties aren't stuck on material stuff.

[@ljljlj9263]

He was supposed to mention the daughter in the beginning lol 🤦🏾‍♀️

[@rbraxton00]

I won’t marry you! Let’s buy a 30 year mortgage instead! 😂😂😂🙄🙄🙄🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

[@SplashJohn]

Exactly! The stupidity is OFF THE CHARTS!

[@SplashJohn]

And let's add to the off-the-charts stupidity: "I won't marry you. Let's buy a 30-year mortgage instead. AND let's have a child!!!" smh

[@sidwhiting665]

@@SplashJohn yep, "playing house" as we call it. The committment-free sex is just too tempting, I suppose... and of course their "love that will last forever" ... until it doesn't.

[@michaelmurphy2112]

@@SplashJohn It sounds like the kid was 2 years old when they bought the house (House bough in 2008, kid is 18, so was born in 2006). So they were "planning" a life together, but got the order wrong and kept digging a hole, then, shortly after buying the house, they broke up. There's a whole lot of "don't do this" going on with that guy.

[@Ruth-vy1qj]

😂😂😂😂 🤦‍♀️ 🤦‍♀️ 🤦 🤦‍♂️ that a powerful statement

[@TheDjcarter1966]

How is someone making over $100k/year this dense...keep the mortgage but sign over the deed???

[@alessia005]

That’s a low income for San Francisco

[@sidwhiting665]

Commitment-free sex.... need I say more?

[@stitchy_linn]

Book smarts don't equal street smarts.

[@w12p67]

That's the salary of a fast food worker in San Francisco

[@missj5564]

Never purchase a house with a person that is not your spouse. I wonder how the person that he is involved with now feels about all of this.

[@silentnot4812]

See a lawyer.

[@Helibeaver]

Lawyer can't force it, their name is on title

[@jfkst1]

No lawyer can fix this stupidity. What idiot signs over a title without getting their name off the mortgage? It's taking all the risk without most any of the benefits.

[@marckowtko4073]

If he wants an equitable interest in the property title. he needs to speak to a lawyer to see if he can get a equitable lien against the existing deed to compensate over the loan payment assuming the in-laws don't want to be amicable.

[@jeanlaubenthal698]

Time is money so just pay for a lawyer.

[@adamseidel9780]

To do what, have coffee? He’s stuck. No recoirse.

[@bernicefritz8693]

He says he wants to "move on" with his new family. I wish they would have asked if he was married to this woman or did he repeat the same mistake?

[@lindacowles756]

I was wondering that, too. What "new family"?

[@fastmaker9091]

Also, don’t have a kid with somebody you’re not married to

[@PepeToTheMooon]

This guy set himself up for a disaster. Yikes. The in laws are gonna do whatever they can to keep him on that loan. They need him.

[@katyedwards3935]

They're not his in-laws cuz they aren't married.

[@katkong281]

​@@katyedwards3935 Dave points that out in the video. Yeah it's a mess

[@katyedwards3935]

@@katkong281 I know. Dave's the best😀

[@johnc2438]

They don't need him; they need his wallet! 💰

[@Dividendflywheel]

YES. They used him. Rich naïve boy friend. They have NOT been able to refi the loan in 16 years. 😊😊😊 Nothing has changed. Need to know about child support scenerio too.

[@USMCHelloKitty]

Never buy anything together unless you’re married.

[@nnyv0040]

😏

[@handleyobusiness]

Or have kids.

[@GAFB1122]

Regarding this guy, he is a MESS!! Another person that is sharp in their career and makes a strong income but is lousy at managing their personal life. I have no respect for that type.

[@jeanmccallum5034]

Maybe he needs therapy 😅

[@danielr951]

He had one life time commitment that no law can break and another one that needed a new contract to be broken but god forbid they go to the court and get a marriage license

[@mle011]

Right? Let’s have a kid and be connected together for the rest of our lives, and let’s get a 30 year mortgage and be connected for the next 30 years, but God forbid we get married, that’s too much commitment.

[@missj5564]

@@danielr951 Talk about insanity.

[@BlueDauntless]

@@mle011I will never understand this mentality. People are so willing to have children together, but not get married. Kids are forever! They’re the bigger commitment, but marriage scares them?

[@rightsaidmatt2632]

Imagine how hard they were all laughing at him when he signed over the deed without forcing a refi.

[@StevenOllis]

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@DouglasBrentwood]

Please where and how did you earn that much.

[@JerryHartford14]

I would really love to know how much work you did put in to get to this stage.

[@LeytonMax7]

Please how do I go about it I'm still a newbie on investment trading and how can I make profits.

[@StevenOllis]

All thanks to LEO CLIFFORD

[@StevenOllis]

**Leo Clifford is a licensed broker and a FINRA AGENT here in the States.*

[@lysolownway6941]

He will have to take them to court as it is clear they have been taking him for a ride and do not want to give up their gravy train.

[@Dividendflywheel]

Gravy train is accurate

[@2009Holleywood]

Has he been paying child support? That might be why the grandparents are not signing over the house because that might had been the only other leverage they had

[@DetangledbyDesign]

The fact that he left out their daughter until he had to mention it suggests there's more to this story..

[@zanneizzo8113]

They never even asked who was paying the mortgage.

[@dahliaherrod4301]

​@@zanneizzo8113he's on the loan. He's paying. That's why he's crying to Dave now for help

[@DetangledbyDesign]

@@zanneizzo8113 That too.

[@MissDuke2012]

Maybe. The question is about getting out of this dumb financial situation; a kid is not relevant to that at all.

[@jefflewis4]

@@zanneizzo8113 They didn't have to ask. The entire loan is his, he's making all the payments. he screwed himself having his name taken off the deed. Now he has a mortgage, but no house.

[@BE2001]

I can't think of anything he could've done to make this worse. He did every wrong thing possible.

[@sminthian]

Why would the parents do anything? He gave the house to them, and he pays the mortgage payments, it's the perfect scenario for them.

[@sidwhiting665]

This story is EXACTLY why you don't "play house" with someone you aren't married to, regardless of how much fun the free nookie is. What a mess!

[@linuxsurfer2002]

And as he's finding out, it's not "free" after all.

[@user-yz8ms5uy3c]

Spouses also leave and screw up your life.

[@Hilius8]

​@@user-yz8ms5uy3c Sure, but at least when that happens a judge will disentangle all the finances and impose a resolution, instead of this guy having to go into a private negotiation with the person he just broke up with (and her parents!) over a six-figure asset

[@Playingwithproxies]

Should have seen a lawyer before you took your name off the deed

[@outsidethebox262]

He shouldve started with the daughter bit... that would be the big factor on the parents decisions. Theyre pushing the loan as a way to force obligations to him.

[@TG-cr6fb]

What about his daughter? Did he raise her? Did he pay child support? Where is going to go when the house is foreclosed?

[@johncameron4194]

Then he mentions the daughter 😂

[@kimmieshimmie]

Would like an update as to how this unfolds.

[@tyrecarmon20]

Thats on him. I dont feel sorry for him

[@coolaunt516]

And the plot thickens. That's an understatement.

[@TechTusiast]

If you make 150-200K, how is it possible you only have saved 50K?

[@joeriveracomedy]

Are these people paying the mortagage? Question 1.

[@MissDuke2012]

Did you even watch any of this?

[@johncameron4194]

Never buy a house with someone you’re not married to.

[@Playingwithproxies]

Free house of course they don’t want to get a mortgage in their name 😂😂😂

[@itchyisvegeta]

I wont even do that with my wife's parents, much less a girl friend's parents.

[@jacobsmithjr]

They are not your in laws!

[@pierre6176]

Important question was not asked; who has been paying for the mortgage?

[@TheDjcarter1966]

THIS

[@lindacondilli6494]

I’m wondering too. He probably is.

[@greggpurviance7252]

Probably not. He sees equity.

[@ninamatthews8747]

What kind of idiot would take their name off of the title before the loan??

[@sidwhiting665]

You might (or might not) be surprised. As a landlord, I see people do similar dumb stuff all the time. Couples shack up together and both sign the lease, then one of them (usually the better off financially of the two) moves out. Later, the remaining tenant stops paying and I go after both of them in court. The one who moved out acts SHOCKED that they are still on the hook for the rent and damages. Tenant: "But I moved out!" Me: "Yeah, so what? That doesn't break the lease. That means you just lost any benefit to being on the lease."

[@catherineskis]

I don't think that they understand about how Quit Claim Deeds work. My daughter didn't understand, she did it to make the divorce more amicable, and now she can't buy another house. She didn't ask me, otherwise I would have told her.

[@llm5726]

My parents went in on a mortgage for my brother and his wife. Ten years or so later she divorced him. He had a crappy attorney and had been brainwashed for years by her, so she got everything in the divorce, including his portion of the house (since he wanted to keep a roof over his kids head), and he kept paying the mortgage. So my parents were still partial owners (as brother didn’t tell anyone until divorce was finalized). Brother remarried, (even after my dad told him he was a glutton for punishment😂). Eventually brother and wife2 got tired of paying mortgage, and eventually gave ex wife money to get him off mortgage. Parents never got a dime back, even when she sold the house.

[@mikemcbeth3216]

They would have to sue her

[@destinystup6675]

He did a quit claim deed and left his name on the mortgage note. Geesh that was the worst move!

[@artemartem1134]

He not only bought a house with someone he wasn’t married to he had a kid with her! Dumb dumb dumb!

[@TMPS93]

Made the mistake of "shacking up" years ago. My ex signed a quit claim deed then immediately moved out. Like 2 months later she tried to stonewall me on a refinance to get some equity in the house (which she lived in for 4 months tops and never paid a bill for.) If she hadn't signed that deed first it could've been much worse.

[@sidwhiting665]

How could she stonewall you? She let go of her claim with that Deed. Ergo, she has no say on what happens to the property any more.

[@TMPS93]

​​@@sidwhiting665I understand that, issue was she was uncooperative in the refinance but we managed to get it pushed through since the deed was signed and she wouldn't cooperate in the refinance process.

[@Philip.tmz2]

I love your videos, but the best investment you can do right now is to invest in Forex trading, I'm saying this because since I started trading I've seen a difference..

[@Richhart852]

It's true that you can imagine the benefit that people get from trading forex on a daily basis

[@AndreaLowis]

Finding yourself a good broker is the same as finding a good wife, where you get less stress you get just enough with so much little effort at things

[@Andreaklean]

I work from 9 a.m. to 5 p.m. and I don't have time. Please can you help me with forex trading

[@AndreaLowis]

Currently, an account portfolio manager manages my forex investments, while I invest in real estate with the profits.

[@Andreaklean]

How good is your account manager and how can I contact him?

[@JasonGroom]

I'm assuming they have been paying the mortgage for 16 years as well, maybe I'm wrong, but that's the impression I got. That means they are due a lot more than $50,000 for the house. They are likely due their original $40,000 plus half of the paid off value of the home, and any equity it has gotten in 16 years from market growth. If he sues them he is only due the loan balance in a forced sale since he had himself removed from the deed. He doesn't own the home at all.

[@bjkarana]

Of course San Fran, where all the "smart" people keep trying to reinvent the wheel.

[@kbanghart]

Of course, a comment about "San Fran" (just say San Francisco) from a hater

[@MrBrewman95]

@@kbanghartI think you can figure out that your city sucks. 😂

[@bjkarana]

@@kbanghart I don't _hate_ San Fran; I just disagree with the far left politics that currently control it.

[@kbanghart]

@@MrBrewman95 my city, Rancho Cordova, is fine. San Francisco, which I visit about once a month, is fine. But for folks like you, it's all a "disaster". How do you even function in daily life?

[@bjkarana]

@@kbanghart Ok, so you visit once a month and just ignore the stuff you don't want to see. Good for you.

[@kellyinfanger9192]

Dave, of course, is right about the financial situation. The whole situation underlines one of the most basic corrupting aspects of our society. Immorality No sexual relations except between a man and his wife accompanied with lifelong fidelity, and most of these problems go away. Instead, marital fidelity has completely left our public discourse.

[@user-kr9zb2ng8i]

Things can turn out pretty badly when a wife wants to divorce her husband and take the house. But buying a house with a woman you are not legally married to is just plain stupid.

[@jasoncatron1039]

How is it that 90% of the callers are making well over the national average

[@a.c.7069]

Oh... so, at 3:15, we hear the rest of the story: The ex-girlfriend is the mother of his daughter, who just graduated high school. Reading between the lines: He must've left when his child was 2. He never married the mother, so he never had to pay alimony - only child support. On the call, he never says he made payments on the mortgage. His ex or her parents must've been making the payments. Maybe he didn't fight hard to remove his name because his daughter was growing up in the house. Now, his daughter is 18, the house has renters, and he has a "new family."

[@mikemcbeth3216]

More then likely kid is still their

[@throughmyshadow]

He makes $200k a year and borrowed $40k to put down on a $200k house? This isn’t adding up.

[@tyanneh1]

Has he been paying for the house, or have they? I don't think he would have much right to the equity in the home if they've been paying the mortgage, but it is in his name. This is a screwed up situation. Yes, NEVER buy a house with someone you're not married to, or if you do make sure it there is some kind of agreement done through a lawyer about how everything would be split up, etc if your partnership goes bad.

[@dahliaherrod4301]

Why would the grandparents pay if it's all in his name?

[@tyanneh1]

@@dahliaherrod4301 Unless it was part of his child support, he should just sale it and the mother should pay, I thought he said he put the deed into the grandparents names, so I thought it fair they or the daughter pay for it, instead of him. The best thing to do would be to just sale it since the grandparents can't get financing on it. It's a miracle having all these years, it hasn't caused a bigger financial crisis.

[@dahliaherrod4301]

@@tyanneh1 he can't sale it because the deed isn't in his name. That's the issue. He just has the mortgage in his name. So now he has to convince the grandparents to put the mortgage in their name

[@joelmartinez2278]

How can someone with no common sense make nearly 200K a year????

[@BecauseWhyNot660]

After making the dumb mistake of getting the house with a girlfriend, he made another dumb mistake of not hiring a lawyer to help him get out of it. 🎉

[@MartianAmbassador69]

As the kids say, "Congratulations, you played yourself."

[@Kennybooy9]

How absolutely dumb. People are so financially naive

[@TRC19999]

This guy…I mean. Some people just let folks walk all over them.

[@lindacondilli6494]

Did he say who is paying the mortgage payments?

[@JakeStewart1343]

It's being rented out by a rental agency to random renters 😂

[@linuxsurfer2002]

@@JakeStewart1343 That doesn't answer the question. Someone still has to pay the mortgage.

[@J-GMORE]

I’ll buy a house with you too lmbo 😂

[@emaldon7]

So much stupid yet this crap is so common as well.

[@caron5622]

I love how he waits until halfway through the call to drop the bombshell. 🙄

[@jimmymcgill6778]

I'll sue to make them but you out. Or force to sell the house. He should have gotten half of all rental income.

[@linuxsurfer2002]

"We'd like to loan you $40k, but you have to..." "No."

[@Dividendflywheel]

This is actually a violation of the mortgage contract. He should contact the mortgage company and tell them he doesn’t have “ownership” (deed) to the house.

[@deltaechoproductions]

Copyright law is pretty simple...in the US, if you write it, it is your property. The issue comes into proving it, you can "register" to show public proof of the work

[@WhispersOnLy]

They used him from the beginning unfortunately 😅👀

[@johncameron4194]

Did he say 16 years ago? He’s been dealing with this for that long! Get a lawyer asap

[@DudeDude491]

Ken got yelled at by Dave….Look at his Face at the beginning of the Call OR his Panda Express Order is Late…

[@danielmccann4199]

I’ve been watching parts of the Ramsey show for the past couple years I’ve learned a couple things but very little Most of the things you teach are actually just part of good parenting This baby step thing I don’t know where I got it, but I’ve lived like that all my life long before I ever heard of you I bet most of these people you talk to their parents had the same problems Poor money management But glad you’re helping them. Somebody need to straighten them out. ; ) Live below your means I’ve been saving money since before I got out of high school

[@porchpirate4835]

Worst part is that the title has to be changed prior to the bank removing signers from the mortgage. I had this problem with getting my dad removed from my mortgage. Had to update title first and it was backlogged like crazy at the time. Decided to quit my job and renovate my house to sell as I didn't like my job. I told my dad I wouldn't leave him on the mortgage for long and now without a job I couldn't qualify for the mortgage, so my only choice was to fix my place up and sell it. During the 2 years it took me to complete, my dad had many mental breakdowns due to various reasons and blocked contact with me 1 week before I finished. It was a nightmare. Thankfully after what seemed like an eternity (about 1-2 months), he was persuaded to sign by my mother. Never ever in my life would have thought that would have happened and I hope my story can be a warning as to the risks of co-signing, more specifically - joint signing (meaning both parties are on title)

[@vanna13v]

You didn't have 1 choice of course. You could have also gotten a new job & went that way. Hope you paid everything in the meantime I assume. 2 years of mortgage saved up to be without a job for they long seems hard to believe.

[@porchpirate4835]

@@vanna13v the second job is certainly true, but I was feeling like investing my energy into something different at that time. Unfortunately for me, I spent the previous two years before that renovating my second home that was 2.5 hrs away (solely owned!) and sold it myself too! I didn't make much money on it because it took so long and I had 1 whole experience point in home renovations at that point. But it was a great savings plan and one hell of a learning experience.

[@danielmccann4199]

As a kid being practical about money management, I put some in the bank and some in my pocket When my pocket was empty, I went home ; ) Takes a certain individual to manage their money properly It’s not easy, but you have to be determined and set standards for yourself

[@BobDobbs681]

She just graduated from high school? This is so messed up.

[@Stephen-Harding]

Who pays this guy 150K to 200K? I'd like a job with that company. And he only has 50K in the bank.

[@zachblackburn5149]

This call makes me feel SOOO much better about myself

[@mikemcbeth3216]

Me too

[@ChristoherWGray]

If only the boomer would have told his listeners not to use Time Share Exit Team But he conveniently never acknowledges that minor detail😊

[@aftersolo]

I had the exact same problem after a divorce. Bankruptcy fixed it and forced me to save up rather than running off credit. Was a great learning experience.

[@katyedwards3935]

Do whatever it takes, even if step 3 is required.

[@michellejennings3232]

Interesting he put his daughter LAST in his list of variables.

[@michellejennings3232]

And, did he pay child support?

[@K.mit338]

I never understand why people keep doing the same nonsense over and over by having children and buying homes with people that they would not marry. SMH…some people just love having a hard life.

[@pauldeck4500]

This man needs a lawyer.

[@rubbeshh]

Can someone please explain to me how someone this dense makes $150k-$200k per year? This guy is of the intelligence to be a top earner of the whole country? What are we doing

[@autumnjerene]

When he said "her in-laws," I thought he was shacking up with a married woman. It sounded insane.

[@noname75013]

He is not on the deed so he has no equity.