Ramsey Show Reacts To HORRIBLE Real Estate Advice on TikTok 

I appreciate how Ken is the only one who doesn't treat George like an intern. Everyone else is just a little bit condescending but Ken is treating him like an actual co-host here.

The younger generation hasn’t learned that slow and steady wins the race.

So here’s my list of what happened when I tried that - I was in debt and bought a house to renovate for rental income - there were issues at the permit office, I cut the drainways backwards, the weeping tile was too high and had to be redone (the neighbour said there was always a puddle there), the inspector denied the advance of the construction loan, the drywaller installed the edging wrong, the kitchen didn’t fit, the plumbing vent didn’t pass, the furnace had a cracked housing .. you get the idea .. the actual cost was triple the budget (which meant that both were bad in the first place) .. the re-fi mortgage company denied the application (too much risk - duh) so I got a secondary loan at almost double the interest rate .. I ended up 107k in debt and insolvent about half way through .. good list to start with … and as corny as it sounds I looked up Dave and followed his steps to get out of the mess (true story)

95 percent of tiktok is horrible advice. Lets be honest here folks

George is the best. I love how he brings modern trends into the show.

If you take advice from someone on TIKTOK you deserve everything that comes your way.

Great idea. This worked great during the pandemic when tenants refused to pay rent and could not be evicted.

Please follow the TikTok advice. I want to swoop in and buy your foreclosure for pennies lol

It is remarkable the wealth building power you have once you eliminate debt. I was born and raised in a Detroit ghetto but clawed out and retired early. Get rid of debt. Live below your means. Save and invest.

“They’re getting rich off their courses”. Ironic.

It's funny how many "millionaires" don't know what a millionaire is. Here's a tip. A net worth of 50K ain't it.

I bought 25 homes this way . Its works but not as easy as she proclaims.

I kinda love the Tik-Tok roasting videos we’ve been getting. You should make it a new series!

Debate the guys over at Bigger Pockets.

Holy cow - that first loser is a poster child for a victim like 2008. People never learn.

I love how tiktok so frequently says that you can be a millionaire, by borrowing against all of your equity.

If she's making sure that the properties cash flow and is saving some of those funds for repairs vacancies etc, and she is getting fixed rate 30 year mortgages then she will probably be just fine. There is always risk with investments. From what I understand Dave was doing 90 day mortgages hoping that the bank would keep extending until he could get rid of the property which is extremely risky. Its a completely different situation. I know the method doesn't align with you're program, but that doesn't necessarily mean its wrong.

Bigger Pockets will teach you how to invest in real estate safely while planning for the risks. These guys seem like they don't know anything about how to prepare for things to go wrong.

I've seen a bunch of youtube videos on the BRRRR method. Sounds like if you get one house fail, your whole system collapses.

People who know the secret to making lots of money don't typically share it. Also people like this who had the rent moratorium affect them would go bankrupt.

Selling you a lavish lifestyle!!! Not financial peace 🙏🏽

You guys spent way too long insulting her. But let’s move passed that. You don’t do this if you’re in debt… obviously. She’s already a millionaire and had a tv show. Obviously things can go wrong. Just like anything in life. Your advice is to take no risks at all in life…. Alright… this video just seems very off.

For anyone reading this who would like another perspective on the BRRRR method, I would encourage you to check out the humble hosts of the bigger pockets podcast and RU-vid channel. Take care!

In the video though she explained how she became a "debt millionaire" not a net worth millionaire 😁

This wasn’t a good point to me. It was like a pessimist view to BRRR method. It was all negative. I feel it’s not a get rich quick scheme and you have to KNOW what your doing or have a mentor. MY OPINION.

She’s so “wealthy” she can’t afford a good quality video.

Look how many of these “gurus” sell some kind of course on top of all this as well. It’s the followers and merchandise they make their actual money from.

Dave did not use 30 year debt. This only works when you know what your doing. Rehab is not easy for begginers but has potential to work well when done right. I would recommend buying a class a rental and put down at least 20% where you can still have cash flow. If not don't do it. Never assume appreciation.

I tried what she said and never again. I only bought one property. And now i am selling it after years of financial headaches and loses. Thanks for making this video.

When you finish watching this conversation and the ad that plays directly after is promoting a “get rich quick by following my steps.” Got to love the irony.

I’ve seen a few people get close to bankruptcy over this.

It’s works best if you purchase the property with cash

If you want to scale in real estate, it's actually sound advice. Just got to understand the risk on each property and invest wisely.

I learned from my father. If something is easy everyone would do it

Graham Stephen, Kevin Pafrath, Ryan Pineda, Brandon Turner, Chandler David Smith. All examples of RU-vidrs with massive debt who make a ton of money. Debt in appreciating assets can make you a millionaire many times over.

Dang!!!! I 100% disagree with the Ramsey hosts. That lady was spot on….. Yes, of course you need to do your due diligence, and study RE investing for a year before starting the BRRRR method. Why does the Dave Ramsey show promote ways to retire at 65 only??? Who wants to retire at 65 when you can retire at 30. People, anyone can find a strategy in RE investing to allow them to retire in 5-10 years. Think outside box. God is good. May Gods will happen in my life. Love you all.

I'd believe George & Ken more if they wore a fur

Sure you can make a lot of money doing this method, but it is built on a house of cards. One moratorium, and it’s over.

Pretty sure she's the same gal on the internet that tells people to buy a property as a Primary Residence and then immediately turn it in an Investment Property. That's called mortgage fraud kids... comes with hefty fines and potential jail time.

Basically, she just explained how to become a real estate arm for the bank. She is a contract worker for the bank. She owns nothing, just skimming a small % for herself.

not just pay the rent ... you have to count on them to not destroy the property ... the renter kept birds in the kitchen cabinets

Better advice than the TikTok would be get out of debt, buy a home for yourself, pay it off, then buy a home you use as a rental property for extra income & follow her steps minus the refinancing b.s. Puts you in a lot better financial position and once that rental home is paid off, all the rental money is profit (except taxes of course)

If you buy real estate for the right price it works like anything. These guys want you to work until you're 65 just to have 1mil.

Had Dave done a solid BRRR with non stupid loans, it would have worked out dramatically ….Cuz it actually works… If these clowns didn’t have Daddy Dave, they would be grinding out there…broke.. BTW.. Don’t take advice from social media…

So these people are basically millions of dollars in debt ?

This strategy is super risky, but pretty much anyone who made millions in real estate do this technique. Watch Ben Mallah (besides being the most entertaining person on youtube) He made 500 million from this.

These guys are probably very full as they are drinking a lot of that Dave Ramsey Kool-Aid LOL

A disappointing video, talked about her coat more then her plan as she presents it... kinda weak

George is awesome! He was an awesome add to the personalities.

The BRRRR Method is a commonly used with a lot of real estate investors. I know a few investors that use this strategy to make a lot of money. It’s profitable but can be very risky. Proceed with caution ⚠️

“Become debt free and stay debt free”- Yes 💯‼️

Because this plan worked so well in 2008. Then the bubble burst and a bunch of people who had no business carrying major debt crashed and burned.

I bet $10 she has a high-ticket coaching program.

The method is not 100 percent wrong its some truth in it ..

I'm sure tik tok has a ton of terrible advice but the BRRRR method isn't really it. It leaves you open to some risk by not paying down your debt. Which is why you do it as a business and not on your own. Also this is 100% not how Dave got into trouble before he was famous. Dave was taking out short term adjustable rate mortgages and over leveraging himself. Then the banks called him on the loans and required payment immediately. If you have a 30 year fixed rate mortgage, the bank can't just decide that you have to pay off the loan in 90 days or they foreclose. It's a big difference.

Thank you! Thank you! Thank you! Ken is so right. I do the bookkeeping for those course creators. They make more money in their courses than they ever do in the system they are selling. Now some of them are legitimate and you could make a good living off their systems. But some are straight up trash.

I haven't even watched this yet but I know Tik tok is cancer

I wonder how no caller is asking and no host is commenting on "benefits" of "good" let's say real estate debt when it comes to taxes? If you pay for everything in cash... you gotta pay a lot of taxes on your income...

Its TIK TOK this is the same group of people who think eating Tide pods is ok, it just makes me want to become a bankruptcy attorney

YES! Proverbs has so much wisdom to be had!

She was a millionaire debtor!

How much is your net worth George?? I bet it's lower than her. Why would I then listen to you, not her?

Yeah, but that bankruptcy creates a"motivated seller", and Sparky gets A GREAT deal, for cash.

No matter how much I try, I can’t get into Ken in these shows. Just seems so condescending and negative all the time. Have you ever heard of Bigger pockets? People do this all the time, there is literally nothing new being shown here. Not only that, but there’s something about Dave telling us what we should do that makes it a lot more appealing. Maybe because Dave has really lived it? (I don’t think this TikTok is giving good advice, just saying that you can approach this in a different way that is less annoying and condescending)

Somebody please explain to me why you love debt and reward points more than your love ones?Please tell me why. Thats what it really comes down to.

Show is going in the wrong direction.

BRRRR is probably the most relevant strategy in the world. This show is starting to become super cringy.

She’s Canadian, As a fellow Canadian that’s horrible advice. Debt is dumb.. plain and simple

If you genuinely know what you are doing and actually have plenty of money besides, it seems to work out pretty good. If you are the average person who only thinks they know what they’re doing and you’re trying to get rich from this and thinking you’re “hacking the system”, there is so much risk and so much that can go wrong that you don’t even KNOW could go wrong that it will probably stress you tf out to the point it’s not worth it. Imo

That video George showed made my skin crawl. All these poor kids that have bad parents that allow them to learn from tiktok are the ones that will pay someday for these scams. My goal is to eliminate my mortgage as fast as I can. That's the only debt I have and that drives me crazy. Only the banks get rich off of us borrowing money.

Brilliant work from the RAMSEY team. Keep calling out this horrible advice !

What she said can work, however I would only suggest doing it if you are already an experienced landlord/property developer.

Sorry but BRRR works and real estate has made more millionaires than any other industry. Dave’s strategy isn’t the only thing that works. Reasonable people not after a tik tok life have been successful with BRRR since the 80s. All the things they mention as negatives aren’t as scary as they’re leading you to believe, you have to know you have the personality for it. Dave’s theory relies heavily on mutual funds which also fall victim to the exact same bubbles and pit falls

This is such bad advice. This show sucks. This method works, I have personal experience. If you utilize debt strategically and with some wisdom you well do fine. They are insinuating false narratives in this clip. Garbage

This sounds like the rich dad plan

Umm bad choice to bag on Tatiana Londono is a Real Estate Rockstar and has been for years

BRRRR method: start with buying house!Oh, so simple!

Ken is 47 ?!!! I would’ve put him 10 years younger

Dave would recommend the BRRBR method. Buy Rehab Rent Build funds to buy the next house Repeat

There's nothing wrong buying a fixer up and fix it yourself to get more value out of the house.

So her advice is to have a ton of debt and zero cash

As long as the properties cash flow and you get a fixed mortgage, not sure I see the downside with certain safety features. (Insurance, property management etc...)

You can’t buy an investment property with no money down anymore guys. Come on you should know this. 25-30% down minimum.

(2008) Gee, if only there was some event (2008) in recent history (2008) that could serve as an example (2008) of a housing price bubble (2008). If only.....

L O L. I love these gurus that don't live in reality. House 50km from the city where i live. Roof caved in, wiring all copper, no heat, no ac, no running water the definition of TLC. Listed for 750k sold for 1m...... This is not reality in canada

Nobody said it's not risky, ANY debt is risky but no risk no reward. You're not going to make it saving your few hundred bucks a month you have to take a chance on SOMETHING. BRRR is an actual real estate strategy, these people commenting and including the ones on the show don't know anything about real estate. If you arent actively investing in real estate don't talk about what you don't know...

Seriously be settled in your own life before you think about risking to build wealth. These things like the Ramsey team says are just get rich quick. They may help you build long term net worth but they won't help you set up your life so you're comfortable and secure. Get a job, work hard, put cash in your pocket and then build wealth.

I love how they and everyone else say housing prices can come down but Ramsey swears that cannot and will never happen. We will see, during covid everyone just had to buy houses they can't afford and overpaid for them. Sounds familiar.

Ken just wants you to stay in your job and come to him in job advice. Talks about selling courses but you guys sell your all fluff books and garbage apps

I am scared of debt, the only debt I have is my house.

You may not like the TikTok video, but many Investors use the BRRRR Method sucessfully. But, none of them were anticipating the Moratorium.

The BRRR method works. Can stuff go sideways? Absolutely. It’s like anything. But to say she’s giving bad advice isn’t fair. She never said “This is a guaranteed easy way to get rich.” She just said it’s what *she* did. There’s plenty of people who got wealthy this way.

That B R R R R resembles a person that never stops talking. Could be your neighbor, your in law or your partner 😅

Lot of people doing stuff in tiktok. If you want to help people guide in the right direction, why don't you embrace the social media people are active in, and help them. Start your own tiktok guiding in better way, than fighting it.

Amway and BWW - Britt World Wide are the same, they sell lifestyle of few to rope in new people, who keep loosing their money forever! All of them make money on selling their talks and get commission on your down lines monthly subscription costs.

BRRR sounds great and all, but in reality they're taking the risk of a flip, and rental, and a mortgage. It's literally triple the risk of a usual rental investment.

Yeah buying a rental property by leveraging A bank. One should never do that …… Very silly commentary and group think.

The TikToker…”using the money the bank GAVE you”. Dave ramsey listeners…😲😲😲🤦🤦🤦

Well you guys are just wrong on this. The brrrr works, people who will read this: Dave Ramsey and his crew don’t have the monopoly on how to get rich. There are many method out there on how to make it. The brrr is one of them

I agree w/ assessment but what do you mean certain video you shouldn't do at a certain age? Seems ageist. And I think her delivery is fine.