Over-Spending Has Caught Up With Me

[@MikeNapoli1989]

Suddenly my situation is okay.

[@carlschleg5822]

mine too

[@reese85]

He’s prob still better off than u

[@SRD1281]

No, it's not. His situation has nothing to do with you.

[@BestShootermanUbz]

Wrong type of mindset to have.

[@IrishMexican]

He isn’t in debt. He has over $1M in home equity

[@tracybrovan3997]

The more insane the debt story I see on the caption the quicker I click.

[@justinebailey5333]

Yassssssssssss

[@epicgaming4946]

$2,500 emergency fund for 20+ units is a joke!!! Need to be more 50k+

[@sensimania]

Right?! It should be 2,500 for EACH property....minimum

[@aao449]

I almost cried when he said he has it tucked away somewhere where he doesn’t touch it…Lol!😭

[@sarelloo]

"It's more like 2500 because I've got so many properties." BRO IS DELULU

[@xlerb2286]

You can own 4 properties free and clear and make money for yourself, or you can own 20+ properties bought on credit and make money for someone else. I'd take the 4 property route myself.

[@David-wo9un]

Jade is awesome and needs her own segment; she can fly solo just fine!

[@elevate4eva]

Eek

[@matthewgardner2144]

If only she knew finance and/or real estate.

[@jvillebil13]

People do not understand what a budget means. If you make a little you spend a little. If you make big then spend big but stay within your budget. When my wife and I first got married 46 years ago I did all the finances but she carried the check book. I'd say how much is in the bank, she reply $15. We never bounced a check and never paid late, but we lived on a budget. We bought a starter home and fixed it up sold and upgraded. Now 46 years later we retired own 4 homes and money is not a problem. We still live on a budget. Our grandchildren will benefit from our wealth. But thank goodness my children and their spouses follow the same plan.

[@jimroscovius]

This guy never met a mortgage he didn't like!!

[@shanep2760]

$1.2 million in debt and only $2500 in cash!? 😳🤦😆

[@Jason-Austin]

Equity rich, cash poor, most Americans are in the exact same boat.

[@merlerust1703]

Should be $2,500 debt and $1,200,000 cash

[@maxdanielstrauss7735]

His internet guru told him to buy houses with no money down 😂

[@roaldruss4211]

He's basically a millionaire - only in the negative direction...

[@ChadGentlemanReINCARNATED]

He did it wrong.

[@ibabymomx3]

Lol wow

[@bigcahuna42366]

This guy has been watching too many infomercials at 2am

[@janeoleary8454]

Hilarious

[@jeffDwyer1]

My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $60k to invest. Where are you investing it?

[@wmwoods-l4f]

Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

[@CindyValenti]

Opting for an investment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023

[@derrickholfman2]

This is very insightful. Hope you don't mind me asking you to recommend your advisor?

[@CindyValenti]

Annette Christine Conte , is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable asset.

[@derrickholfman2]

@@CindyValenti She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@drewmantia]

I don’t even watch Ramsey for advice anymore, I’m just here for the trainwrecks.

[@lot2196]

KZbin should do something about these bots.

[@hendrx]

don't worry, they are working full time to get rid of features and adblockers first

[@bloatedsodium7301]

KZbin couldn’t care less, the future is here.

[@EsiriE]

Fr, it’s sooo annoying

[@joesmith3590]

They are too busy silencing opinions and historical facts to bother with scams.

[@rbellamy804]

Seriously

[@JustinCase780]

@0:26 Ken is like "whatever, what's the best lunch menu lookin' like today"

[@djpuplex]

Ken: 'you know I haven't had a good Chinese buffet in a while."

[@miketheyunggod2534]

That’s better than her dangerous advice. She doesn’t know what she’s talking about. Just parroting Dave is not personal advice.

[@JustinCase780]

​@@djpuplex@0:50 "where are my TUMS" was all about post Chinese buffet.

[@JAH-iu3yh]

😂

[@kjrhodes8923]

Ken talks in circles and says nothing at the same time. Annoying!

[@creepingcharly]

"Oh, btw I have $200k in credit cards and vehicles" 🤦‍♂

[@_CPerk]

He dropped that in so casually at the end

[@reviewsbygen5591]

My neighbors have 2 newer Wagoneers. 1 regular and 1 grand Wagoneers. I feel like that’s about $200k. Dude is a e7 in the army, they have 4 kids and mom stays home. I don’t know how they find the money to eat.

[@user-hd8ej8yx9p]

@@reviewsbygen5591 they use credit cards = more debt

[@yuhboi8559]

200k is nothing when you’re 1 million in the hole

[@creepingcharly]

@@yuhboi8559 Since when is 20% nothing? 😅

[@BryanBalak]

The Ghost of Dave Ramsey's past just called into the show. This guy was lucky enough to be able to sell before they called his mortgages.

[@rethinkrich]

A good lesson in leverage. It’s a two-edge sword!

[@timothyrussell1179]

Most important question is whehter the properties can yield a positice cash flow after paying the debt service.

[@Mickeyj26]

when you realise there are homeless people out there with bigger net worths

[@genxx2724]

When I started my career, my colleague pointed out that many of us were in student loan debt, so the poverty-level population we served was actually in a better financial position than we were. They had zero, but many of us were in the red.

[@keithmorren1754]

😂😂😂😂

[@mrfriendly9956]

No one should be able to take out this amount of debt! I am so proud of this girl so nice and great advice.

[@kevokev978]

4:15 Ken wondering if Delony is getting his subway sandwich order right

[@waltonconway]

Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@ridolfoeduardo]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.

[@jasperandre42]

If you are trading without a professional guide... Ah, I laugh, because you will stay where you are or even suffer huge losses that will prevent you from trading, this has been one of the biggest problems for new traders.

[@melissamildred]

I think l'm blessed if not I have met someone who is as spectacular as expert mrs Fenella.. Highly recommended🙌

[@SolbergIbsen]

Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people

[@Graysonmatthew3544]

​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Fenella trade benefits...

[@samcotuna4293]

Ken’s face is priceless!

[@ronschueler909]

BUY WHAT YOU NEED NOT WHAT YOU WANT.

[@MichaelHasebroock]

Ken kills me always talking about indigestion when the debt numbers come out.

[@BraddPaisley]

Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

[@BraddPaisley]

To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.

[@rodgertim2881]

You're speaking from experience?

[@ZhannaDavidova]

It's really wise to have professional guidance

[@BraddPaisley]

Yes. Consulting a financial advisor can help tailor a strategy that aligns with your financial goals and circumstances.

[@RaphaelSafr]

Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.

[@megan3267]

Someone could call in with $200,000 in debt from credit cards and cars and get absolutely annihilated for it. But somehow calling in with 1 million in property debt (on top of the 200k) and they butter up to him. What gives?

[@PInk77W1]

Property grows in value usually If u pay a credit card for 30y u have little to show for it If u pay a mortgage for 30y u usually have a lot In equity

[@Lugnut64052]

1.1 million divided by 22 [edit, units]properties is 50k apiece, which means they're mostly trash in war zones and the ghetto. It's my experience you make little to no money on that kind of stuff. Selling stuff "on contract" only pans out about half the time. I got half of my houses back that way. I'd sell everything I could and just get out of it. He doesn't really know what he's doing

[@JustinCase780]

Dave Ransey did the same. Why do you think that he's calling his show? 😮

[@TonyCox1351]

He has 22 units not 22 properties. They still aren’t very nice I’m sure. But it’s not like he has 22 single family homes.

[@Lugnut64052]

@@TonyCox1351 You're right. Probably some quads and duplexes, but to sell stuff on contract it's either single family or he sold some multi-units to other investors

[@Lugnut64052]

@@JustinCase780 He was flipping stuff and his lender called all his notes due.

[@TigersPaw04]

I was thinking the same thing. I’m surprised the bank approved him for the money. This lets me know banking is scam really..

[@HondaHMC]

Robert Kiyosaki has left the chat.

[@user-dw4cv3xq5u]

Buddy has 22 properties and $2,500. That should be illegal, that’s not even enough to cover a simple repair on ONE property, leaving his tenants in a dangerous place.

[@reese85]

He said 22 units not properties

[@amireallythatgrumpy6508]

@@reese85 That's no better.

[@reese85]

amireallythatgrumpy6508 it’s definitely better and this guy is in better position than most ppl in these comments

[@amireallythatgrumpy6508]

@@reese85 It's better in the same way catpoo is better than dogpoo.

[@PayampsCutz]

😂​@@reese85

[@jorgesolis7897]

Jade should have asked how much the properties would sell for. Because she just assumed he would clear 200k

[@BrianW211]

Leverage (aka Other People's Money) works great when everything goes smoothly. Not so much when you hit a few bumps. I hope all of these properties are in an LLC, at least.

[@reviewsbygen5591]

Yea it’s that potato head man Steve Harvey who says this with a net worth of a few 100 millions lol. For him borrowing $100k is like some pocket change. He can pay it back the same hour if needed. But it’s dangerous game for the other 99.9% of people.

[@xingli4139]

@@reviewsbygen5591 that’s why Steve Harvey owe IRS tons of taxes

[@peggyon1]

Jade is very wise for being so young.

[@mplslawnguy3389]

What exactly did she say that was so wise? She just stated the obvious.

[@alexpietsch7997]

Experience is a grand teacher

[@vergespierre4271]

​@@mplslawnguy3389lol. If it was "so " obvious, the majority of Americans wouldn't be in debt 😅

[@baysideharpy8350]

Greed + financial illiteracy = this

[@blackbutterfly233ify]

Dave should have taken this call

[@Tunechi65]

Dave is busy deep throating trump

[@mimiwallen]

I concur!

[@Loveheart-er3ou]

Jade did awesome

[@mr2fas2]

Yep....aaking for advice from a person who doesn't invest in the same thing 😅

[@thesig301]

He’s “1 million in debt” but has enough assets to pay it off right now… not really that bad of a situation.

[@enriquericapa933]

I would pay money just to see Dave, Robert Kiyosaki and Cardone have a discussion about this topic. I think a lot of people don't have the cash reserves when it comes to managing the debt. If you have all those properties you should have at least a good cash reserve as a cushion for any unexpected expense but instead a lot of people don't have a cash reserve or don't have enough.

[@andidede3653]

And that is 90% if not more of America. Banks know this, the feds know this, so nothing will change anytime soon. Debt is what drives this country unfortunately. Fake wealth for most. People cant afford a 10K cash let alone properties.

[@Cucumberflavoredmustard]

22 units and a 1.1m debt load? If they are habitable, even on the low end they should be grossing much more than it takes to service the debt. Consolidate and get that loan payment down to 5k per month, and you're on easy street.

[@tshandy1]

Love Ramsey, but I think this guy is talking to the wrong specialists. These guys are great for talking people out of their CC, student loan, low-income problems. This caller needs a trusted advisor who specializes in these kinds of businesses.

[@blackbutterfly233ify]

Yea Dave should have taken this call

[@flybyav8tor]

Definitely, this isn’t personal income this is business income that comes with significant tax implications if done “simply”.

[@regrich8795]

Yep he needs a psychiatrist 🤔

[@scawa1952]

Pure greed. Using OPM for real estate investments is not smart, it’s greedy. My father was a real estate investor. He never bought with OPM or borrowed to buy a property. Eventually he had around 22 properties that he did not own any money on. He was patient and did strong research before buying any properties. As he got older, he sold off properties to better manage the others. Very smart man. When he represented a property, he made sure that the buyer could actually afford the house they were getting and prevented buyers from getting in over their heads. This is ethical.

[@MrJeffinLodi]

He calls with a problem and then defends his behavior

[@xingli4139]

Stupid people don’t know they are stupid. Just like dead people don’t know they are dead.

[@reviewsbygen5591]

$1mil?! That’s more money that I will ever see in my life. At one point, doesn’t buying and spending and dining and traveling gets old? Like at what point do we have enough? I went to Indianapolis for a weekend and I’m good for the next 6 months lol

[@jamesross160]

If you work 60 years even at 50k, you'll make 3 million. More than 2 million after taxes. Most people make millions in their life. It's just how they spend it.

[@monaminchau4798]

Selling all the properties might not yield enough to pay down the personal debt, if they were were bought with a very small down payment. Closing costs and commissions also factor in….

[@ryanyoung9202]

👆- 🎯👍🙌💯🔥✅

[@t206kid]

He be great in the government

[@sarelloo]

I think they missed that he clearly took out the HELOC to make the down payments on all these mortgages. If he did all this in less than a handful of years, I doubt they've appreciated enough to turn actual profit when he sells. He can't keep "3 or 4 that cashflow", he never had the down payments to begin with. He's gonna have to pay off that HELOC and start from square one.

[@admorris11]

Still amazes me how these people have stayed in business with just repeatedly pointing out the obvious

[@lonestarrk9308]

Common sense left the building a long time ago. Dave Ramsey will never run out of clients.

[@Aisha_babii]

Ppl keep calling with the same questions. He will be in business forever

[@Nitinj0shua]

​@@lonestarrk9308 and all this because of what America is known for... Marketing.... And how a "fake" unnecessary economy was created around it.. The sad part is that this culture is catching up in developing countries ...

[@Muller_Andr]

We are in our 50s with nearly $3M saved, no debt and $50K annual spending. But we avoid the stock market completely.

[@AadhilaEesha]

I’m retired. Your story of a conservative savings profile is a common one. Any course of action involves risks. You might be avoiding market risk, but you are taking on other risks like inflation and reinvestment risk.

[@Muller_Andr]

My wife is willing to work for another 5 years if needed. Are we in good shape? Will we be okay if I begin withdrawing from Social Security when I’m 62 and my wife is 67? Should we hire a financial planner to help us navigate this?

[@AadhilaEesha]

No one likes market risk, but without longer retirement, taking on risk is often a necessary evil to compensate for inflation.

[@Jennapeters144]

Certainly get a pro to look at your predicament (if you even have one, lol) A second opinion from a comprehensive financial adviser can help you look at more than just your current estimate of cash flow and needs but also longevity risk, outliving your money, tax considerations, legacy planning, healthcare costs, inflation and a myriad of other things you may not be considering when reviewing your current situation

[@Muller_Andr]

How does one get a comprehensive fa who isn’t looking to just make a buck from consultancy and whatnot

[@tobiaskozlov5151]

if they're cash flowing whats the problem?

[@imveryhungry112]

Why cant people just dollar cost average into stocks? All these debt games people play seems complex and stressful.

[@thomasdalton1508]

It is complex and stressful, but it has the potential to get a larger return. If you understand the complexity and can handle the stress, it isn't necessarily a bad idea. If you find yourself calling into a show like this, of course, then it clearly wasn't for you.

[@Lugnut64052]

Properly leveraged, real estate can make you way more money, but you MUST know what you're doing. This poor guy doesn't.

[@imveryhungry112]

@@thomasdalton1508 every joe shmo now is trying to turn real estate.

[@Winston0Boogie]

@@imveryhungry112 they are in this weird idea that you can only become wealthy from real estate. They don't tell them about the property tax, vacancies, management, overhead, closing costs.... Stocks you buy and you go live your life.

[@JustinCase780]

​@@imveryhungry112Now? This is nothing new.

[@mr2fas2]

This guy is likely in a way better position then most of you hating renters!! He can probably clear his debt and still have lots of money left over. Lots of questions not answered like what is his cashflow, equity position.. Etc. 😅

[@lexchess6453]

1 mil in debt for 22 units? That seems great debt to asset ratio

[@mr2fas2]

I AGREE!! But .ost of these people stop thinking past the word debt...that's why they are still house searching. Lol

[@jasperonandroid]

22 properties worth just over 1 million, 50k per property. What are they, parking lots in large cities, storage units, mobile homes?

[@beachcoconuts3]

I dont really see how this is a big issue, mortgage debt with positive equity is not necessarily bad debt.

[@GAFB1122]

Any debt other than a mortgage on your principal residence is bad, according to Ramsey Solutions. Do you understand that?

[@johanvanstaden2408]

Buying cashflowing assets with debt is fine, IF you know what you’re doing, also in terms of risk. Most people don’t know what they’re doing and don’t understand or manage the risks, which is why Dave promotes a zero-risk way. Debt is just a lever, that magnifies either your wisdom, or your foolishness.

[@jackwang660]

22 properties with only 1.1M in debit? That's amazing if you live in CA

[@janeoleary8454]

He's in Iowa

[@rillawhat8142]

$2500 in savings!!😮 Cash flow should NOT be used to live on (initially). A % should saved, a % should be reinvested, and the smallest % can be used to live on. Dramatically increase your assets, your investments, your cash flow, your savings, and then SLOWLY increase your lifestyle.

[@brentshern6199]

So basically this dude pulled a Dave Ramsey, the 1988 version.

[@middlegaautomotivedetailin1350]

Man is nuts

[@tarheel181]

His basis should be ok, debt at $50K a unit; he seems to have some rental / cash flow issues. I agree with Epic below, his cash reserve needs to prolly be between $30-$50K. An HVAC compressor can run $5500 or more, he no have enough cash. I used to have over 100 units and now I'm down to 24 with some having no debt, it is much more sustainable! Jade is right, he need to cut and move. Shrink the portfolio brother!

[@xingli4139]

So many people thought they could play with Othe People’s Money. In the end, all they played were themselves.

[@macneoh7418]

I play with myself all the time

[@yoshit9819]

Feeling better about myself

[@WealthyChronicle]

Props to him for owning up to it, but 1.1 MILLION in debt? That's a gut punch. Who else feels like their spending might be catching up with them too? 🙋‍♂🙋‍♀

[@queen.kristal8395]

Get rich fast scheme didnt work out huh?

[@JustinCase780]

Feel better making fun of someone trying to build wealth?

[@Primitive_Code]

@@JustinCase780 $1.1 million in debt is not building wealth.

[@JJones-zg7yz]

@@JustinCase780 lol. "building wealth" this is greed and recklessness. Shut up.

[@mr2fas2]

His networth would probably make you wet😅

[@dennischiapello7243]

I'd like to be where debt doesn't catch up to me until it gets to a million! 😅

[@sputnik13]

My thought in the first minute: “is this Dave from the past speaking to us through some Time Machine?”

[@deelehey2827]

Seems he is just calling to brag about what his assets are worth.

[@huckfin1598]

$1 millions debt from 22 units is NOTHING. If he sold he should make a PROFIT. This is a fake caller who needed to have better numbers. I will buy all his 22 units for $1 million right now. What a stupid caller. $45k per unit!

[@bestiefswlady5251]

I have to agree, even though the voice sounded very legit, that seems like an odd scenario to call about. Someone that’s invested with purchasing of with properties or who gotten in that position of ownership seems to not understand basic simple tips or mathematics? What??????? Sort of difficult to believe.

[@michelarosier1918]

😮😮😮 I can't breathe, click so fast.

[@flybyav8tor]

This guy needs a great tax strategist to help him navigate this. If he isn’t careful he will get slammed with a $100-$200k tax event that will affect this year and next year.

[@ouchiko2]

How does he have 22 units and says he can clear them out for a million - 45k average per unit?

[@random-nz7dy]

He said some of them are bundled so I'm wondering if they might be duplexes or cheap condos in a low cost city or something like that.

[@analyticalchick3064]

@@random-nz7dy still doesn't make sense

[@sonnysingh2617]

I don’t know how the presenters can keep a straight face with these calls 😮 unbelievable set of finances..😢

[@accordio321]

😳 Unwinding this kind of leverage with a $1,000 of liquidity is foolish. I’m all for unwinding it! But having tenants and so much going on it would really be more prudent in this situation to keep more like $10,000 in liquidity to be able to react to bumpiness along the way. You need to have the ability to react quickly without going further into credit card dependency if there is a water leak or an A/C unit goes out. In general I’m fine with the $1,000 fund for a situation where there is a single owner occupied dwelling. If there is a snag along the way, there is a little more consumer protection in this case. But with rental units, I doubt there is a much wiggle room with lenders if an issue pops up like a couple of tenants fall behind and cashflow suffers… I really hope he considers that. 😮

[@HOLDXSTEEL]

Just a small loan of a million dollars

[@zapienproperties]

20 units ? How much was free cash flow after expenses?

[@creolelady182]

People kill me when they think they can use convoluted money schemes to make it out on top

[@BLdontM]

Lol some people do it successfully every day

[@arielcolon3051]

If you can’t handle the pressure then don’t do OPM. Ramsey solutions is for you if you are scared

[@mosl2te]

This guy is fighting to keep his mortgage.

[@jims.937]

You don’t have a problem, your lenders have a problem.

[@ProCoach2373]

These conversations are very dangerous. That rats nest requires more than a 5 minute conversation on a radio show. Way too many assumptions and interpretations to be fair to this caller.

[@KariGoodale]

Did he want any advice?

[@T.S.000]

Overleveraged!!!

[@ThatGuysGuitars]

All the comments talking about “oh how is the bank allowing this!” The caller likely has a large income, and the properties are cash flowing enough to continue allowing him to finance more purchases. Which leads to the real issue of: is his positive cash flow worth 1.1M of liability, and enough to sustain absorbing say… 3-6 of his units being vacant at any given time. If so, then there really isn’t much reason to liquidate all the assets, just to clean your balance sheet quicker. Sure, he could offload a few that aren’t generating as much profit, just to optimize the portfolio, but automatically selling something that generates positive cash flow just because “all debt is bad” isn’t necessarily the best option in this case. Imagine taking a 25-75% pay cut, but your debt is gone. Is that going to make you financially independent, or wealthy; faster than paying existing debt, with a much higher income? his actual balance sheet, expenditures and incomes are the only thing that should dictate whether he should “sell everything” or not.

[@stevenporter863]

$1.1 million debt? It is all relative, not debt from shopping.

[@robertthompson5908]

Ok, I’m 2:00 minutes in and so far he hasn’t asked a question. The guy likes the sound of his own voice. I feel like Dave would have said “what’s your question” by this point. Update- 3:00 in , I’m bailing on this call. Caller still hasn’t asked a question, still wants to tell us his life story which I couldn’t care less about it. Strangely, Jade, who I normally think is on the ball, is answering his “question” even though he never asked it. The advice here is to sell his assets but, that is in fact exactly what he said he’s doing at the start of the call.

[@barnabusdoyle4930]

He only has $1 million of debt in 20 units? This guy is in a great position. If he’s worried about that debt, sell that $400k mortgage and he will be fine. He seems like he knows what he’s doing and has good cash flow on all his properties. This advice is not for this guy. I doubt he takes it.

[@jayfilm3023]

90% of the reason I watch this stuff is to feel better about myself

[@listerinr]

Corey "Umm" from Des Moines

[@mxerb5912]

He’s way better than most

[@JustinCase780]

Stop. He's fine.

[@thejils1669]

First of all, any mortgage company that would loan him money after reviewing his financial statements...well, that would just be plain stupid and criminal at the same time!

[@mr2fas2]

They probably see something that wanst answered. Probably cash flows way more then you and a spouse. Say $200x22 would be $4400....and that's being conservative. Now do $500 per door....yeah not so bad now.

[@Ravetar101]

Wow maybe i'm rich after all

[@Winston0Boogie]

I don't get it. If he'd been doing this for a long time what led him to the realization that he had so much debt?

[@travisbickle1455]

When interest rates went up.

[@birdseye2239]

People's thinking is the property will generate enough money to make the payments easy and leave some aside for your salary. The reality is not always so easy

[@alexpietsch7997]

Hey I'm on Baby Step 3b and just got approved on a mortgage for up to 175k in Des Moines Iowa today. Maybe I'll end up buying from Corey!

[@timothyrussell1179]

They need more info than was shared for this to be certianly good advice. If he's going to sell, is he hunting down the next investment for a 1031 exhange to avoid the capital gains tax? This advice was too quick and dirty for a situation this big. He should call a business attorney and not a talk show.

[@TimeisUp22]

😅 He can sell. He’ll be fine. But did you see the guy with 1 million in student loans??? Dave almost had a crisis on air!

[@orangecat5036]

He needs to find better friends. And dump the Jones's.

[@AbbyC543]

I’m a tortoise. 65 years old. We’ve been slowly investing in mutual funds and retirement accounts. We’re debt free, mortgage free and the only real estate we own is our home (no other real estate). Our net worth is around 6million. If you don’t know what you’re doing, don’t get into real estate.

[@mr.constitution]

Sure it is...

[@sleepyjoe1685]

Ken completely gave up on this guy when he mentioned his credit card debt and car loans.

[@bruh_hahaha]

Textbook case of Mo’money mo’problems.

[@mxerb5912]

He has 200k in cc and cars??

[@marrykamei733]

Stop interrupting the callers I know u guys have fixed time for each call but plz stop interrupting them again n again

[@thekingmorocco]

Why didn’t he get multi family units

[@denismuchiri1995]

This is very hectic and rushed advice without letting the guy air out the entire debt predicament. U need to do right by this guy and let someone else like Dave respond to him. Whitney rushed too quickly to speak with letting him air out everything.