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Ask Dave

Dave has answered thousands of money questions over the years.
Find the answer to your question here.

Home buying

Renting vs. buying

After several calls on the topic, Dave takes a few minutes to address the old renting versus buying debate.

Playing With House Money

Andrew and his wife are debt-free and saving for their first home. They have $75,000 in savings. Where should they place this money so that it's working for them while they save?

Should We Buy a House or Rent?

Michelle and her husband are newly married and currently renting. They are paying $1,200 a month. What range of houses should they look at with an income of $7,000 a month?

A Transitional Year

Adam and Kali are considering relocation to Nashville. They own a home. Should they hang on to the house for a year just in case the move to Nashville didn't work out?

Tips on Buying a Foreclosure

George is about to buy his first home. He and his wife are considering buying a foreclosure and remodeling it. Is that a better idea than buying a new home?

Owing on Commercial

Dawn and her husband own three commercial buildings with debt. The buildings are leased out, and they earn $190,000. Is it okay to owe on commercial buildings, or should they work to pay those off?

Using the 401(k) Wrong

Marcus and his wife make $90,000 a year. His wife has $4,500 in a 401(k). Should they cash out the 401(k) and use that money to move to a new home?

Decide What You Can Afford

Jennifer and her husband have been approved for $800,000 to buy a house, but it won't put them where they want to be. Is it a wise move for them to look beyond their preferred area based on their budget?