A Wedding, a wife, a house oh my!!!

[mredskins]

Originally Posted by skinsguy

Well gee, I thought we were going to agree to disagree.

I said I HAD debt. I didn't say I was up to my eyes in debt. There is a difference. Secondly, I didn't HAVE to go to a Dave Ramsey class, I did so because I wanted to and it's the best thing I have ever done. Anybody can go to his class regardless of financial standing. Also, I would just about bet that what debt I have, mortgage include, is a mere portion of your mortgage on one property.

Your advice to WaldSkins was not to purchase a home in this market because you get nothing on a return of investment and you're better off renting. This is what you said. The home won't appreciate, so you won't make any money off of it. This is the bases of your entire argument against what I said. And I basically said, we need to wait and see what WaldSkins' intentions toward buying a home are before we say he shouldn't. Go back and read what I typed, don't just highlight the things that make you all butt hurt. I outlined a list of things that WaldSkins should do before he buys a home...you disagreed with it, all because you didn't like me saying one should never purchase rental property, unless it's paid in full, that it is a bad idea.

And again, I posted that I was glad it was working for you, and I hope it does continue to work for you. But, you're all defensive because we have stated that it is a huge risk and you could really LOSE A LOT in this if you're not careful. I'm just stating the obvious. It doesn't have to be Dave Ramsey or any other financial guru to tell someone taking out a second or a third mortgage on rental property is not a very good idea unless you absolutely have no choice for some reason. If you had said renting is the best option until you have enough money to afford to purchase a home, we all would agree with you, because that is what we have been saying...but that wasn't the argument.

Anyway, I'm tired of you...I'm going back to talk about quarterbacks in thread number 5 or 6......

Clearly says have in your post. =)

And who is we are you french now? Only you said my rentals are a bad idea.

Just because Dave R came to your church and told you this is how you spend your money is not necessarily the only way you should do it or can do it.

[skinsguy]

Originally Posted by mredskins

Clearly says have in your post. =)

And who is we are you french now? Only you said my rentals are a bad idea.

Just because Dave R came to your church and told you this is how you spend your money is not necessarily the only way you should do it or can do it.

No, I wasn't the only one who said rentals are a bad idea. Apparently reading comprehension isn't one of your strong suits.

Secondly, Dave Ramsey didn't come to my church, nor did I take this class at my church.

[mredskins]

Originally Posted by skinsguy

No, I wasn't the only one who said rentals are a bad idea. Apparently reading comprehension isn't one of your strong suits.

Secondly, Dave Ramsey didn't come to my church, nor did I take this class at my church.

All right I am done, I apologize if I upset you.