Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
I don't know why they would have any.
Do you owe them the money back?
Do they loan you the money?
Well, they have a weird kind of situation.
They've done this with my husband's sister as well.
They kind of use it as a business strategy.
transaction with their kids so they'll help with the down payment on the house and in the future when the house is sold they would get their down payment back and a certain percent of whatever uh profit we would make on the house oh that was stupid you shouldn't have done that oh no that's horrible what an abusive mess yeah how much money did they give you
They put $300,000 down on the house.
Wow.
Yeah.
And how much is your mortgage?
Our mortgage is about $2,650 monthly.
So you borrowed $250,000?
We borrowed from them about the $300,000 that they put down.
Okay, I'm sorry.
I'm sorry.
I didn't think that was a loan.
I thought it had to only be repaid at sale.
Are you paying payments to them?
No, we're not paying payments to them.