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Drew (Caller)

👤 Speaker
51 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
You’re Either Building Wealth or Losing It

Yes.

The Ramsey Show
You’re Either Building Wealth or Losing It

So I and my family, my wife and our kids, we are living, we are here in Texas.

The Ramsey Show
You’re Either Building Wealth or Losing It

Okay.

The Ramsey Show
You’re Either Building Wealth or Losing It

And my parents, they live in that house in a different country.

The Ramsey Show
You’re Either Building Wealth or Losing It

Now, as the court case ended last year, that raised the question, how do we proceed?

The Ramsey Show
You’re Either Building Wealth or Losing It

And they verbalized the expectation that I pay if I keep the house.

The Ramsey Show
You’re Either Building Wealth or Losing It

And my question is, yes, I would like to keep the house.

The Ramsey Show
You’re Either Building Wealth or Losing It

And the transfer was legal.

The Ramsey Show
You’re Either Building Wealth or Losing It

But I don't think, to be honest, to be required to pay.

The Ramsey Show
You’re Either Building Wealth or Losing It

I don't know.

The Ramsey Show
You’re Either Building Wealth or Losing It

It's in Germany.

The Ramsey Show
You’re Either Building Wealth or Losing It

So the point is, I would like to keep the house to generate positive cash flow after they moved out.

The Ramsey Show
You’re Either Building Wealth or Losing It

And I'm okay with them living in the house after they pass away.

The Ramsey Show
You’re Either Building Wealth or Losing It

The point is, at that point, I would generate positive cash flow at that point.

The Ramsey Show
You’re Either Building Wealth or Losing It

And I do not intend to live in that house.

The Ramsey Show
You’re Either Building Wealth or Losing It

I think it's an asset for me to generate past.

The Ramsey Show
You’re Either Building Wealth or Losing It

Yes, I think you nailed that, yes.

The Ramsey Show
You’re Either Building Wealth or Losing It

I'm concerned about them as far as I want them, or I agreed to the lifelong right of residence in the contract, and I honor that.

The Ramsey Show
You’re Either Building Wealth or Losing It

But I do not see any reason why...

The Ramsey Show
You’re Either Building Wealth or Losing It

I should pay them now as the house is technically and legally mine, that I should pay them back for the house now.