Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A six-figure deal is one thing. Finding out after it's done is another.
Jennifer, calling from Memphis, Tennessee, told "The Ramsey Show" her husband bought a $750,000 investment property at auction without telling her beforehand. He texted her only after securing the property. "I didn't know it was a plan," she said.
The purchase happened the day before, leaving Jennifer to decide whether to treat it as a financial issue or something more personal. Wall Street Ignored This AI Stock — Could Intel's RAD Be the Next Big Player? Skip the Landlord Headaches — Invest in Midwest Real Estate Passively From the outside, their finances appeared solid.
Jennifer put their net worth between $2 million and $2.1 million, much of it tied up in real estate, including their home, land in a high-value area and other assets. Their existing debt stood at about $698,000, not including the new property. She said her husband was looking into the property ahead of time and went to the auction not expecting to win.
When he did, he sent her a text. That was what made this one stand apart. Jennifer said major decisions usually came up for discussion first, even when they did not agree.
This time, that step never happened. "This takes impulse purchase to a new level," co-host George Kamel said. Trending: Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors.
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