Dave Ramsey
๐ค SpeakerAppearances Over Time
Podcast Appearances
And he sucks at handling money.
His views of money are broken.
So that's how you balance it.
You don't balance it.
You're getting confused about what respect means.
It doesn't mean turning a blind eye to misbehavior or incompetence.
That's not respect.
What do you owe on it?
And so you can't sell it for what you owe on it?
No, I'm not doing that.
Are you sure you're not personally liable for it?
I'm not.
They make non-recourse loans but sell them as small as $6 million.
If it's a non-recourse loan and you can walk away from it, yeah, I'd just walk away from it because it's not worth what you owe on it.
If it's a non-recourse loan, put the keys in a shoebox and tell them to come get them.
But I don't think it is.
I want you to be sure you're not personally liable.
Just because it's in an LLC doesn't mean he didn't sign it personally.
But if your numbers are correct...
If it's an $8 million property and it's going to take a little while to sell it, then let's sell it for $7 million or $6.5 million and get a little bit out of it and sell it.