The Ramsey Show - App - The Same Plan Works For EVERYONE, Including Millionaires (Hour 2)

Episode Date: October 29, 2019

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. Open phones at 888-825-5225. That's 888-825-5225. That's 888-825-5225. Starting off this hour is going to be Tim in Florida. Hey, Tim, welcome to the Dave Ramsey Show. Hello, Dave, and first of all, I'd like to say thank you for the ministry you provide all of us.

Well, thank you, sir. How can I help? I am a retiree, and my wife is counting down the days. And she has an option. Take a monthly pension plan payout or a large lump sum payout. And this is something that's never been presented to us, and so we thought maybe some outside advice would help which way we should go. Okay. It's a fairly easy calculation that leads you to a fairly easy conclusion,

okay? There's two parts to the calculation. The answer is I would roll it to an IRA in good mutual funds, a direct transfer rollover. There's no taxes on it that way. It'll continue to grow, and it can pay out off of that lump sum. Now, the pension calculations are all done at either 6.5% or 7%, and that's due to the regulations on a pension. They simply cannot do their calculations higher than that because the federal laws and regulations that are in place to keep them from becoming insolvent. Okay? And so the lump sum were to sit there until she started drawing on it and grow at 6% or 7% would then at 6% or 7% provide the monthly income that it's talking about providing her.

That's how the calculation works, okay? So thing one is if you invested in good mutual funds and you earned 10% to 12%, you're going to have more monthly income off the same amount of money because it's better invested. That's what it amounts to. So you'd have more while you're alive. The second part of the equation is when she dies, the money's gone. If it's in a pension. Correct. And when she dies and it's in an IRA,

it's now in your estate, in her estate. And it stays in your family. Or stays wherever she wants to leave it to. Hypothetically to you and then onto your kids or whatever. So what is the lump sum? $650,000. Woo! That's a lot to lose. And the pension payout would be $51,000 a year. Yeah.

Okay. And that's what made us start thinking about there's no guarantee of life. We all have 100% chance of not getting out of this alive. You did the same research i did and thinking about it because i've already uh retired and i get a social security and a pension check and she would be eligible for the same thing and four government checks just makes me nervous yeah well the 650 000 at $650,000 at 10% will be $65,000. That 12% will be $80,000. Okay?

And that's obviously much more than what she would get in the pension payout. And so it's exactly what I said it was. It's 51, and that's going to be about 7%. And so that's the payout. So you're going to make more alive, and you'll be $650,000 richer on death. So it's kind of a no-brainer to roll it. Well, I heard you say several weeks ago that you would always vote for having the cash rather than the payments. Yeah.

Well, the cash rollover, in this case the rollover, because you lose it all at death and because you can make more while you're alive, those two variables cause me almost every time. I mean, there's a few things where they've some kind of weird calculation or something they've done, and you actually end up getting more. But almost every time, it's what you described there, $51,650, which is a lousy rate of return. And so if you roll that to a good IRAa and you have that option ding ding man and you can draw on or not draw on it at that point um but if you want to draw on it if you drew off all that it's earning you would have more so i'm always in your situation going to roll that

way to go very very cool that's a nice chunk all right ben is Ben is with us in Ohio. Hey, Ben, how are you? Hi, Dave. Long-time listener, first-time caller. I'm sitting on the campus at Cincinnati Christian University, which you may have heard is going to be shutting its doors at the end of the year. What university? Cincinnati Christian. It's been operating for 95 years, since 1924. Cincinnati Christian.

Mm-hmm. Okay. No, I hadn't heard. That's sad. Okay. So they I hadn't heard. That's sad. Okay. So they're closing up. Closing up about, I think, 800 to 1,000 students. I'm part of about, I think, 30 students in the Master of Counseling program.

Anyway, we're hearing, you know, that there's a, I've heard you talk about before, financial loans, loans from the government could be forgiven in this situation kind of what we don't know is are we talking about like all of them or are we talking and like me personally i have two degrees from another institution are we talking about you know just all financial aid period all financial all loans you've received period are we talking about like this semester or just loans accrued at this school, or how does that work? I would have to dig into the details with you to be 100% sure, and so what I'm doing is reaching way back in my memory,

and it's a little foggy back there, and that's the authentic answer to the question. But I know it's not to do with other schools. It would only have to do with this school, and debt you've run up at this school would be the only place it will be forgiven if the school closes and you're unable to finish. And there's something in my head about this being a for-profit, too. The law was put in place for these rip-off for-profit schools that you get halfway through and then they just close up, and then you owe them money. And that's what the law was put in place for so i think it does apply to the student to the federally insured student loans as well i'm positive it doesn't apply to loans you have with another school it's not relevant to the discussion

but any loans you have relative to this school i would be digging into fast and hard and learn the details i cannot remember that off the top of my head. I know there's forgiveness associated with the school closing. I just don't remember whether it applies to federal and how far back it does apply, how deep into your situation. I think it might be the whole thing. That sounds right. Any debt you've got associated with that school and you're unable to complete that degree.

So I wish I could tell you exactly who to talk to, but I would just dig into it and start researching it if I were in your shoes and really become, you know, I'm going to spend $40,000 or $50,000 worth of time invested in finding this out if that's what you got owed. It's worth your trouble to even hire an attorney that knows something about this and so on to know exactly what forgiveness is available to you. I know that some

is, but I don't. I'm fuzzy on the details. I wish I could be more help. I'm sorry you're going through that. Jared is going to be up next after this break. Hang with us there, Jared. Open phones at 888-825-5225. We're glad you're here. is the dave ramsey show Thank you. We'll be right back. options? Do you wish you could find an affordable biblical solution to your health care costs? Based on New Testament principles, Christian Health Care Ministries, or CHM, helps Christian

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chministries.org. Jared is with us in California. Hey, Jared, welcome to the Dave Ramsey Show. Hey, Dave, how are you doing? Better than I deserve. What's up? First of all, I want to say thank you to the lessons you provide in Financial Peace University. My wife and I are enrolled at the moment. It helps make some difficult conversations quite a bit easier, so thank you.

Thank you. Glad you're going. How can I help? I've got access to an early pension option from a previous employer. It's a fairly small amount, but I'm planning on rolling the lump sum over. I'm just not sure whether to roll it into a Roth IRA I've got or my 401k. I would roll it into a traditional IRA unless your home is paid off. Okay.

Once your home is paid off. Because here's the thing, if you roll it to a roth it creates a tax event you're gonna pay taxes on it and if you roll it to a traditional it sits there without taxes for now later when you're out of debt you can create a tax bill but right now i'd rather use that money on debt than on taxes okay um we're we're out of debt now, and I don't know if that changes anything. Your house and everything? No, house, no.

Okay. Whatever money you would have paid on taxes by rolling this over, I would rather you throw it at your house. Okay. And then when the house is gone, I'll roll everything out to Roths if you're still under 60 and let it ride then in that Roth and grow tax-free from that point. I'll pay the taxes on it then. So, hey, good question.

Thanks for joining us. All right, up next is, of course, going to be Jillian. Jillian's in Iowa. Hi, Jillian. How are you? I'm great, Dave. How are you? Better than I deserve.

What's up? Hey, so I need some encouragement today. My husband and I celebrated our two-year anniversary last night, which is awesome. And we watched Baby Step 2 for SPU. And it was really exciting. We ended up paying off $5,000 in student loans. We have a lot of student loans, though. My husband is in chiropractic school right now.

He's graduating in february um he and i are going to have 135 000 of debt once he graduates um and we have 14 000 of a car loan um when he graduates though we have a huge move coming up we are moving to hawaii he got a really amazing job um who got an amazing job my husband as a chiropractor as a chiropractor so what will he be making at his amazing job seven thousand dollars a month seven a month seven thousand dollars a month yeah okay which i feel like is pretty good for a chiropractor for what we've talked about with our friends and heard from other people. Yeah, it's decent.

Yeah, yeah. And then I am blessed enough to stay with my company. I work in sales. I'll be doing a different job, though, so I don't know exactly what I'm going to be making yet. Right now, I make about $90,000 a year. So we're going to have a pretty big shovel, but we have a lot of debt, and I know Hawaii is going to be really expensive. Like we live in Iowa right now, so living expenses, like we're expecting double.

I don't think it's quite double, but accounting housing and all it might be, but not accounting housing. The other stuff won't be double, but housing might be. Okay, yeah. Yeah. So I guess I just need encouragement um you know we have currently we got our we got our um emergency fund or like our one thousand dollars saved up but we also have twenty nine thousand dollars in the bank and i guess what i'm wondering is how much

do we save for this giant move across the ocean um how much do we throw at this debt which is really freaking me out like the amount of interest is just so scary i listened to that borrowed future first episode and it's just like oh my god good um so well listen you're going to be making uh let's let's talk post move for a minute after the move okay you're going to be sitting there. You should be making $170,000 a year, it sounds like. Mm-hmm. Yeah. So let's pretend you lived on $70,000.

You'd be debt-free in 18 months. Really? Well, divide your debt by $100,000 a year. You got $135,000, you told me, yeah and a 14 000 car right isn't that 150 if you put 100 on it a year that's 18 months and that's you living on 70 000 which you can do in hawaii i mean that's that's just living like regular people the average household income in america is 59 000 so um you know you can do this you should be done in 18 months after you make the move

now the trick to the move is don't pay more than something's worth to move it across the ocean. So I'm not sure you even keep your stupid car. Yeah. Sell it and buy another one over there. Yeah, a 50. Price shipping it if you want to price it, but don't pay $5,000 to ship a $4,000 car, you know? I mean, that's what you've got to look at.

And that couch you've got right now, it ain't going with you, kiddo. No, it's not. We're selling everything. You see what I'm talking about? So your move, what is your move? It's a couple of airline tickets. Yeah, we're planning on checking bags of stuff. Like, there's certain stuff we don't want to sell. I know, but you see what I'm saying.

Your move is not going to be twenty nine thousand dollars your moves a couple of airline tickets plus or minus a couple thousand bucks and then you got to get set up in the new place with some used furniture from the consignment store in the garage sale and some basic uh and you got to put down your deposits on your utilities and get into the apartment right and you rent something as cheap as you can find because you are deeply in debt. Yeah. Okay. And you get yourself out of debt, and then you start talking.

But don't go rent a nice place. Okay. You're broke. Yeah, that's good to hear. Yeah, broke people shouldn't rent nice places. Yeah. So you're going to do great. You're broke. Yeah, that's good to hear. Yeah, broke people shouldn't rent out nice places. Yeah. So you're going to do great. You're going to be awesome.

It's okay. Why don't we just leave that? When's the move? March. Okay. Let's just leave the $29,000 there until you get moved. Okay. And put everything else you can scrape together on the debt between now and then.

Because we know that $29,000 will buy you a couple of airline tickets and get a few other bags of stuff over there, right? Yeah. And we know we can get you in an apartment and get your utilities set up for under that. And so you should have $20,000 plus left when you get there to throw at the debt when you get settled in. Yeah. If we budget $9,000 for the move and, you know, buying a used couch at a garage sale after you get there. And just camp for 18 months after you get there, in a sense, right? Just act like broke college students, you know,

concrete blocks to build shelves for your books and all that kind of crap, like your college students go buy a bean bag or something, right? All right. You know what I'm talking about. Just go on the cheap for 18 months make 170 put 100 on the debt and you're debt free okay touchdown baby touchdown and you call me from what's which island are you going to on hawaii on oahu oh sweet and you're gonna love it it's beautiful there have fun that's a great adventure i love it hey thanks for the call open phones at 888-825-5225 if you're selling a home let me tell you how not to sell your home for what it's worth you want to you want to sell it for less than it's

worth let me tell you how to do it put on the market with somebody that doesn't know what to flip they're doing and let the listing get stale. A stale listing won't sell. Sometimes houses don't sell just because they hadn't sold and no other reason. And you're going to get less than retail by doing that. And what that means is you hired a doofus as a real estate agent. 90% of the transactions are done by 10% of the agents. The number of people in the real estate business that do 100 transactions a year is almost none.

And if you're going to list your house, for God's sakes, you're going to give somebody a commission. Get somebody that's high octane, high protein, that's top of the market, butt kicker, that gets this done. Just jump on to DaveRamsey.com, click on endorsed local providers, and you're going to find out what a good real estate agent looks like, one that gets her done, baby. Hey, we do a lot of due diligence on these guys. We love them. They're great.

DaveRamsey.com slash agent or click ELP for real estate, and you'll be ready to go. This is The Dave Ramsey Show. Our question of the day comes from Blinds.com with their 100% satisfaction guarantee. It's a weird guarantee. Satisfaction guarantee usually means if the company messes up or the blinds don't work, you're not satisfied. But if you screw this up, if you order the wrong color, which I definitely could do because I can't even match my clothes. So, you know, it's ridiculous. And, you know, I could actually measure it wrong and get it out of the box and it won't go up there. And then I'm frustrated.

And then I think I've got to throw all that money away. Nope. They cover it 100%. They want you to be satisfied, period. And you can get free samples up front. You get free shipping. And they run new promos all the time. And if you're putting up window blinds or window anything, you need to go to

blinds.com and use the promo code REMSY. Laura is in New Hampshire. My sister and I both inherited $138,000 each from our mother's 401k. What are our options? Well, it's rolled to an ira and it's called an inherited ira and there are mandatory withdrawals minimum withdrawals each year and as you withdraw money from it you are taxed now you can withdraw it all immediately with no penalty and pay all the taxes or you can roll roll it into an inherited IRA and draw it down a little bit at a time. There's a minimum distribution requirement that an inherited IRA has. And so you're going to get some of the money and pay some of the taxes mandatory. Or you can take it more than that

but you can't take less than that and you roll it to an inherited IRA in good mutual funds when you are investing like that and you've never done it before or even um if you have done it before and you're ready to start setting up a more formal investment plan with an actual advisor, which, by the way, there's a correlation between having a high-quality investment professional in your corner and whether or not you build wealth. Duh. There's a correlation between having a dentist and keeping your teeth. It's kind of simple. You know, you put a pro in your corner when you need to learn something

and when you need some help with some of the processes. So click smart investor at DaveRamsey.com because you are going to become a smart investor if you're not already. It'll drop down a list of the qualified investing professionals that we have vetted near you and you click on that and then you can choose from among those you can choose to interview everyone of them if you want but you can choose from among those which one you want and these are all people with the heart of a teacher they don't get to be on our recommended list if they're not the heart don't have the heart of a teacher because we do not want you, Laura, to invest because I said to

or because someone else said to. We want you to invest because you understand. Never put money in something unless you understand it. The best way to lose money is to trust someone else and just kind of close your eyes and hope it all works out, and you'll lose everything. Plus, you'll be worried all the time. But if you invest it in something you actually know about

and you understand because you're learning from a teacher, then you're ready to go. So I'm going to suggest mutual funds, and I would spread it into four types of mutual funds. My personal retirement investments are spread into four types of mutual funds. Growth, growth and income, aggressive growth, and international. And that's what you're doing. So thanks for the call.

Or thanks for the question in for the blinds.com question. So here's the thing. I was reading the other day about a person who gives financial advice that everyone listens to, not me. And that person said that they invest differently because they have $20 million or whatever it was. I don't remember. It was a lot of money. And they invest differently than the advice that they give. And I just thought, you know, that's a little troubling to me.

So I do the stuff we teach. I don't own a credit card. I do live on a budget. You can ask my wife to look at her little envelope system, and it's got some money in it and she actually uses it to buy stuff um we have a very unusually good life because we make a lot of money now but we've been broke um i only have investments in two, real estate that I pay cash for, which is what I tell you to do, and mutual funds. I don't own any single stocks. I don't have any little super double back flip secrets of the rich investments because my net worth is hundreds of millions of dollars,

and so I have to do it differently. I don't do it differently. I dance with the girl that brought me. The principles that got me here are the ones that are going to keep me going. And it's what I've taught my kids to do. And as soon as my grandkids are just a little bit older, they're going to be teaching them to do the same thing. Because this is how you screw it up is if you think you're different

because you got a little money. The principles that got you there will get you there and so we still live debt-free we still live on a budget and we still invest in the four types of growth stock mutual funds and that's really what we do and it's just devastatingly simple and predictable and consistent. And I don't have anything I do secretly that's different. The only advantage I have over a lot of my listeners is I make more money. And so, I mean, my income these days is ridiculous. But I own a company that generates $200 million a year.

Of course my income is ridiculous. So that part's different, right? And so the percentages that we put on stuff, it doesn't take but a tiny percentage of our income to live a very good life. And so our generosity is outrageous, and our investing is outrageous because we just don't need the money for anything else. And so that's the only thing that's really different about me. But I don't invest differently than I tell you to invest.

I don't say, well, now that I've reached this level, I have a double secret Amex black card or whatever it is. I don't. I've just got debit cards. And honestly, sometimes with the ID theft the way it is i don't i've just got debit cards and honestly sometimes with the id theft the way it is i think i go through a new debit card about every 90 days these stinking banks man they cannot keep this it's just ridiculous their algorithms for id theft just blows up everything i'm constantly having to enter a new debit card number in all my apps and stuff but um i'm just like you same way same thing i don't have any special anything on that it's all the same so that's what you're looking for if you sit down

with a real estate agent and they say you know well i i i you know i i don't have a 15-year mortgage i i don't believe in those. I believe in adjustable rate mortgages. But you should get one. I don't know if I'm dealing with a smart person here. I don't know if I want them to help me with my house. And so I want people, I mean, I want to align with people that I'm aligned with. And that's what you're looking for, Laura, in this situation.

When you sit down with these smart investor pros, it needs to not feel slimy. I mean, when you get home, you don't need to feel like you need to take a shower. You know? You ever meet with somebody and have that feeling like, ugh, it's like Ghostbusters. I just got slimed, you know? It's ugh. And you can't live your life that way. So sit down with somebody that you have the sense that everything down inside of you is okay.

My wife is from the hills of East Tennessee, and when she runs into a bad one, she says she has a bad feeling. And it's a seven-syllable word, feeling. And those feelings are deadly freaking accurate. Go with them. Go with them go with them if you meet with someone for an investment or a real estate or you're working on your wills and you just feel weird there's a reason because there's weird crap in the air and when something's weird just know there's a reason it's because it's weird and you don't have to put up with that. There's another one of those.

I fired a lawyer a while back because he said, well, I'm a lawyer, and I'll tell you, listen, I don't give a crap what you are. Your job here is you work for me. I'm the one writing dead gun checks. And I didn't fire not on staff lawyer. I don't mean that. I mean an outside guy. But, you know, it's unbelievable.

So you got to not have weirdness in the air this is the dave ramsey show Nathan is with us in Florida. Hey, Nathan. Welcome to the Dave Ramsey Show. Hey, Dave. Thanks for taking my call. I really appreciate it. I love your show.

Thank you. What's up? So my wife and I are in a little bit of a disagreement. I'm going to be retiring from the military here soon, within the next about six, eight months. And we've got some property that will, if we sold, cause us to be completely debt-free house and everything. Just wondering what your thoughts are. By selling that property, I guess we'll lose future income,

but at the same time we'll be 100% debt-free, and then I'll have a military retirement to live off of. I don't know what your thoughts are on that. We've got other wealth that we're sitting on, probably about $180K in cash. Did you say $180K in cash? Yes. Okay, and what other wealth? Our home is worth about, in equity, we've got about $180 in equity.

And then the investment that we have in our real estate investment is, equity is probably about $220. If we sold it, we'd make about $200 or so. How old are you? Forty-five. Okay. Okay. And what will your household income be after you retire from the military?

You're going to go to work, I assume. Yes, the next job we'll be bringing in with household income will be somewhere around $100,000. Okay. Well, here's what's going to happen 20 years from now. Okay? If you sell the investment property and you're 100% debt-free, that will accelerate your ability to build a pile of wealth in some mutual funds that are non-retirement, and you can pay cash for a rental in five to ten years or three

so at the end of the story if you want investment real estate you will be able to do it the other way you could get at that same thing is just use your income to and 180,000 cash laying around? Is that what you're telling me? Where'd that come from? It's in some CDs. Where'd that come from? Investments over the years, we did really well on the health market. Why is it in CDs? That's all we had it in, just so we would have it to be able to liquidate.

Yeah, you didn't make the money in CDs. So did you just put that much in savings? We did, yeah. We've had it in savings for a while. And you owe what on your home? About $180,000. Why don't you just cash those out? We'd have nothing as an emergency fund if we did that.

Okay. So let's save an emergency fund over the next few months, and then let's cash them out. And then work and pay the real estate off. Do you like the piece of real estate? It's a headache. It's a small apartment complex. It's actually in Tennessee, as a matter of fact. It's a little bit of a headache.

Okay. Then I'd sell it. All right. That solves that. So, yeah, let's sell it and pay off the house. And then let's use the liquidity that you've got. And for God's sakes, let's do something with that $180,000. It's sitting there making no money.

You're losing $20,000, $25,000 a year on that. You're making 1%. And your recommendation would be to go to smartinvestor.com. I think I was listening to the commercial. Yeah, or either go to smartinvestor at DaveRamsey.com, or if you want to buy some more real estate in your immediate area, are you going to stay in that area for a while? We don't know.

The next career field is kind of fluid. You can go anywhere. Okay. All right. Well, I wouldn't buy until you know where you're going to be. You don't want a long-distance landlord. You've already figured that out. Yeah.

What I would do then is I would park. I'd set aside a section of it as my emergency fund, and I would park the rest of it in just an S&P 500 index fund. That's what I have done. There's no commission on it, and it just sits there, and at least it's going to earn what the market earns, which has got to be more than that stinking CD. I mean, you've got a certificate of depression. And so, yeah, and then let that money grow. And then when everything stabilizes, you know where you're going to be. If you want to buy some investment real estate, buy some investment real estate at that point. But you don't need 180

sitting in CDs and you don't need an apartment in Tennessee that's driving you crazy. So let's make some moves here. Thank you for your service, by the way. Appreciate you serving your country, sir. Amy is with us. Amy's in Iowa. Hi, Amy. How are you? Hi.

Thank you for taking my call. Sure. What's up? Okay. My question is kind of a business debt related. So I paid off all of the debt of my business, which was about $63,000. The only thing left is my building that my business is in. So I bought the building on contract from the previous owner, and there is a clause

in there that there's no early prepayment. You're kidding. I went back. Under any circumstances? Yeah. I mean, it doesn't list. Yeah, it's just one sentence basically wait a minute so what happens if you sold the building yeah i i don't know about that well that would cause

prepayment to occur yeah yeah so i when i got you know now that i'm ready to pay off my building that's my last debt i first the cursed them and told them you know what i was doing and ask them if regardless of that clause if i could pay it off early and they initially agreed so i wrote him a large check to apply to the principal they didn't cash it for a few weeks and then last week the the man brought it back in and said well we've decided um it's not in our best financial future to have you pay it off early. So do you have the deed or have you got a contract for deed? I have the deed. So this is an actual mortgage on the property.

The property's in your name at the courthouse. Yes. And then you have a loan against the property. I'm not sure they can pull this off. Okay. I think you have a poorly written deed, a deed of trust and note or mortgage, whatever your estate's in, and you need to see an attorney. You need to see an attorney. Okay.

Now, they may agree, not agree to accept large principal payments, but I don't think they can keep you from paying the loan off. Okay. So just save up to $68,000 000 and then tell them we are paying this off and in the meantime seek the advice of an attorney ahead of time because i don't think this is enforceable you can never pay it off at any time for any reason nah i don't think that'll stand. Okay. I mean, so, yeah, I... So here's what I would do. Talk to an attorney and make sure that my intuition here is correct, and I think it is. My business law insights, okay? I'm not an attorney, so get an attorney.

And then don't have the attorney contact them. And then save up the money, and when you've got the entire amount, call them and ask for a meeting in person and sit down and say, I have the money to pay the loan off, I've talked to an attorney, and this is not enforceable, you have to accept this. Okay. And you're going to accept the payoff one way or the other. So I'd like to do it on a reasonable and kind basis, and not all of us fight,

but if you want to fight because somebody's trying to give you money, that's a weird fight, right? But you're going to accept the payoff, and that just doesn't work because that would prohibit you from being able to sell the property as well, which is, which is blatantly unreasonable if you think about it. Right. Right. That's where, that's where the theory on this, that's where the theory on this just breaks

down. So, okay. Yeah. But go ahead and get them, you know, just let it lay for right now. They may come back around two weeks and change their mind again. You don't know. So just let it lay and don't have the may come back around in two weeks and change their mind again. You don't know. So just let it lay. And don't have the attorney call them and threaten them.

And don't threaten them with an attorney. But just say, I want to pay this off. And, you know, guys, we can do this the hard way. We can do this the easy way. I'd rather do it the easy way. I talked to an attorney. This is not an enforceable clause. Even if an attorney wrote it?

It doesn't matter. They're stupid attorneys. Lots of them. So you just need a smart attorney. I really can't think it's enforceable because it would prohibit you from selling the property that you own. So it just doesn't make sense. It clouds the title beyond your ownership. It just violates about 14 kinds of real estate law.

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