DAVE RAMSEY: Should I buy a vacation home and rent it?

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Dear Dave,

What is your opinion of buying a vacation home, then renting it out when you’re not there? — J.P.

Dear J.P.,

I see nothing wrong with it, as long as you’re buying with cash and you’re also ” rel=”noopener” target=”_blank”>So, they’re not really great investment properties. What you’re talking about is more of a plan to offset the annual costs of your toy. If you look at it that way, I don’t think you’ll be disappointed.

If you’re determined to go this route, be ready to deal with spills on the carpet and damage from your guests, along with general maintenance and repairs. There’s always something that needs attention when you own a property. ” rel=”noopener” target=”_blank”>I’ve also heard of single attempts priced at $7,500 each. There are all kinds of options and guarantees, because they understand someone who is willing to do this really wants a baby.

If I’m in your shoes, I’m not accepting the idea that there’s one approach and one pricing structure to all this. I would explore other options, as far as doctors and clinics are concerned. Then, with your income, you could consider taking off a couple months from paying down debt and put some money toward the IVF. If it doesn’t work pay off a little more debt, pause the debt payoff, and try for a baby again.

Take some time, learn a little more, and go from there — always using cash for the endeavor. God bless you two! — Dave

Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.

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