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RENTING is BETTER than OWNING
#motivation #success #money
Hear me out guys! You should not be owning some raggedy ass home. Only buy a dream house when you can afford to buy 2. Until then you should be renting your way where the opportunity flows and be nimble and adaptable.
When this advice comes from a real estate investor it kinda seems like do as I say not as I do
assets vs liabilities. he owns apartments and lives in an apartment complex which he owns.
Yes sir.
Buying a home isnt an investment. Its a stable place to live where you can raise a family without fear of rents increasing.
This guy owns massive real estate.
Grant Cardone says:
Take my advice. I don’t use it
Every cycle has its 50x, and $XAI19B might be it this time
FOMO doesn’t start until $XAI19B breaks $3
I want to know..was Grant a bully in school ?
Of course he was. Just look at how he talks and carries himself. Everything about him screams high school bully.
Where tf you going for a 10 month lease ?
Nah, but do you pay $2400 a month in rent?
Yea, I didn’t think so.
Me, I’m glad it took thirty years to own, cause it’s mine.
Fixing the renters’ repairs is just s bad. Especially if you can’t afford to fix that refrigerator.
This info is coming from a multi millionaire in real estate. He owns the place he lives in. And tents to y’all the people.
Yeah, but in 20-30 years down the road, he gets to sell his house that has doubled in value. With rent, you are just throwing money away that will never be seen again. If it’s just as expensive to own a house as it is to rent a house, then how are landlords making money?
And you have nothing to write off, renting a house
You guys aren’t making any sense you’re gaining equity
All those expenses besides repairs are in the monthly mortgage figure!
Rent goes up and compounds at 10% annually. Doubling nearly every 7 years. Your mortgage is a fixed cost. Also it’s a savings account as you pay the principle and get appreciation. This advice is horrible, the only places worth renting are NYC, LA, MIA… outside of that you should own.
You’re not counting how your rent is going to increase as well.. Those costs will make it down to you.. Also not counting the terrible property you’re renting versus the nice house you own… Landlords don’t provide great properties… Once and a while you’ll find a great house or apt to rent.. but it’s not often.
So true
Grant owns the building you live in
Don’t renters pay those things for the home owner..?
Always buy over renting if you can. If you got connections and are smart with money then rent but this route will be for 1% of people.
With a house you can always sell and get a profit. Follow what the rich do not what they say
How could our communities transform if renters were empowered to feel pride and security in homes designed for dignity not just profit ? Low homeless in Vienna , many renters social cohesion , what did they get right ?