Vanessa
Appearances
Killer Minds: Inside the Minds of Serial Killers & Murderers
UPDATE: "Mind of a Serial Killer" is now "Killer Minds"!
Killer Minds is a Crime House Studios original. New episodes drop every Monday and Thursday. Follow us wherever you get your podcasts.
Killer Minds: Inside the Minds of Serial Killers & Murderers
UPDATE: "Mind of a Serial Killer" is now "Killer Minds"!
Starting March 17th, we're expanding beyond serial killers. We'll still be diving deep into the psychology behind history's most dangerous minds, serial killers. But now, we'll also cover cult leaders, crimes of passion, spree killers, and more.
Killer Minds: Inside the Minds of Serial Killers & Murderers
UPDATE: "Mind of a Serial Killer" is now "Killer Minds"!
Again, the only thing changing is the name. You don't have to do anything. If you follow us, you'll continue getting all episodes right here in this feed, just like always. If you don't follow us, follow us now because we're kicking things off with Charles Manson, our first non-serial killer case, starting on March 17th.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
So I just had a quick question. Me and my husband and my brother-in-law and sister-in-law, when we first got married and started having kids, we bought a piece of land and built two houses on it in the city, which is kind of a unique property. Then we refinanced. We bought a house separately. They bought their house separately.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
We long-term rentaled those two homes, and then we turned them into Airbnbs about five years ago. My question is this. I'm wanting to sell my Airbnbs and to pay off my house I live in now and then build an Airbnb on the back of my property. The problem is everybody tells me this is going to be the biggest mistake of our life because I can't buy into real estate like I did 20 years ago.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
I am going to have to pay capital gains because I already own the land that I'm going to build an Airbnb off of, and obviously you have to pay capital gains if I pay my house off. So I'm just wondering, is selling my rentals to pay off my house and build another residual income a bad idea or not?
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
I do, but something about, because people are saying the interest rate that I own, I owe $238,000 on my home, and I'm at an interest rate of $2.99. I owe $166,000 on my rentals at an interest rate of about $4.25. So they're saying, you know, lumber's got to go up. How do you know you can build an Airbnb on the back?
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
Well, I don't feel like I know a lot. All right.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
Well, so that's another problem because we... To find a comp in our area with two houses on one piece of land is very difficult. So when we do the numbers in our head, like to pay the mortgage off, to pay capital gains, I think I need at least Minimum, I need to walk away, me and my husband personally, with $500,000.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
My husband believes being very generous, about $200,000.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
I want my home paid off and to have residual incoming money with that paid off as well.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
So I clean our Airbnbs and manage them.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
Well, not that I'm dumb, but accountants, like, you have such a great interest rate on your home. Why would you pay that off? And I'm like, well, because then my husband can work, but he can be basically retired. You have no car payments. You have no credit cards.
The Ramsey Show
Building Wealth Happens One Baby Step at a Time
Well, the capital gains doesn't. People are like, well, you're just giving capital gains away. No, you're not. But then when I do the math, I'm like, but I'm going to pay more in interest over the next 25 years to my mom. Thank you.
Wait Wait... Don't Tell Me!
WWDTM: GWAR
I work as the director of a nonprofit historic and cultural site.
Wait Wait... Don't Tell Me!
WWDTM: GWAR
Well, it's a really special place. Probably my favorite thing is it was the first co-ed college in the state of Arkansas.
Wait Wait... Don't Tell Me!
WWDTM: GWAR
Cane Hill College. There was a women's seminary that closed, and the women went to Cane Hill College, which was previously a men's only college, and it became co-ed. So Cane Hill College.