Texas woman’s dad sold $1.3M home to her for $50K — now he’s short on cash. Dave Ramsey calls it a lesson for parents—
Dave Ramsey gives advice to a woman who’s father is struggling after selling his house to her.
It’snotuncommonforparentstohelptheiradultchildrenwiththepurchaseofahouse,butsometimesthatmonetarygiftcansettheparentsbackmorethantheyexpected.
TakeJenna’sfather,forexample.Jenna,wholivesinSanAntonio,recentlycalledintoTheRamseyShowwithafamilyproblem.(1)
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“Mydadsoldmeandmyolderbrotherourchildhoodhomebackin2021,andthestipulationwasthathecouldstillliveonthepropertyandnothavetopayrentorutilities.MyolderbrotherandIrentoutthehouse,andwemakeabout$3,400amonthinprofitofftherent.”
Thatmaynotsoundlikeaproblem,butasJennaexplained,herdadnowwants$400amonthfromtherentpaymentsbecausehe’sstrugglingtoliveonhisSocialSecurityalone.Jenna’sfatherraisedthefamilyasasingledadanddidn’tsavemuchforretirement.
Whileherbrotherwouldhappilygivetheirfatherthecash,Jenna’sworriedtheamountisgoingtoincre
