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Dude, u made millions off of your LA mansion, which was your house
You still missed the point, no wonder why you’re broke
Exact opposite of what d.r. says. 10k millionaires had paid off their house.
Rent a house till age 40 or till you achieve financial freedom
Unless you’re loaded, buy your FIRST home while you’re still in your early twenties. Rent out the other rooms and make it an investment. Then forget about it and go and invest in other things like he says.. yourself, a business, etc.
A home is the easiest way to get your first little bit of leverage, and if it appreciates (e.g. you can make improvements to it), you get 100% of the upside even if you only put 20% down.
Grant knows this. He uses leverage too.. just on a massive scale.
But I think the point he’s making is you need to think bigger, and realise that just one house will actually cost you more in the long run. If you’re living in it, it’s a liability rather than an investment. HOWEVER, we all need a liability to live in whether that be renting or buying
Facts
But you don’t own the land ,just the property,the Queen own all the land in the world 🤔🏨🏬🏫🏪🧱🤑🤑🤑🤑🤑🤑🤑
5 K £ would you put your money in the bank or invest in real estate?
I’m not Grant but I can guaruntee he’d tell you either invest it in your current business or save it until you have enough to invest in making a business. (real estate counts as a business!)
So let me buy one of ur apartments where u get all the benefits lol you are advertising for urself 😂
Buy a home as early as possible. My 1st home which is paid for has doubled in value. I can cash in on that at any time.
Well my 35k dollar house in 2014 is now worth 220k so I’ll say yea if your smart it’s a good investment
For all those people who didn’t get it, there is a difference between the house you live in and the house/apartment you own as a rental property
Love your channel . It has become a part of my daily routine