Dave Ramsey Says He Took Advantage Of The 2008 Real Estate Crash. With Cash On Hand, He Bought 'A Lot Of Really Nice Properties For Nothing'

Core Insights - Personal finance expert Dave Ramsey emphasizes the importance of patience and discipline in investing, particularly during market downturns like the 2008 housing crash [2] - Ramsey's investment strategy focuses on purchasing properties with cash, avoiding debt entirely, which he believes mitigates risk and ensures stability during economic challenges [2][3] - The company reported a revenue of $300 million this year and holds an estimated $850 million in real estate assets, all acquired without borrowing [2] Investment Strategy - Ramsey acquired properties during the 2008 crisis for as low as 15 to 20 cents on the dollar, highlighting the potential for significant returns during market lows [2] - The strategy involves buying properties one at a time, allowing cash flow to build momentum for future acquisitions [4] - Ramsey's approach contrasts with common investment advice, advocating for slow, cash-based growth rather than leveraging debt [3][4] Real Estate Insights - The Ramsey Solutions campus was purchased for $10 million, demonstrating a commitment to cash purchases even when immediate development was not feasible [3] - Ramsey notes that properties without debt generate substantial cash flow, which can accelerate further investments [4] - He stresses that patience is crucial for building lasting wealth, advocating for incremental progress in real estate investments [4]