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Would you rather Pay a Mortgage or Pay Rent?
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Not sure my home payment is $1700+ if I was renting would be about $3800. And I actually make my own rules 😅 and do what I want that’s more value than any investment.
Why not mortgage & rental properties? I agree. The freedom to rip the cabinets down, & flooring to put new ones is priceless. IMO
@Dre0109 I do both I believe anyone would know a home isn’t an investment rather than a life style. I would rather have the freedom of doing anything pretty much I like than renting and someone telling me I can’t even keep a small cat.
I rent out my house to a tenant and it covers my mortgage and the rent for the house I live in. My rent is $3K but if I were to buy it, the mortgage would be $6k.
My mortgage is way cheaper than renting a house its saving me money
Says the guy with over 1 billion in rental properties
True you need to think of your home as a liability unless you’re house hacking—but it’s a great savings account! Mine doubled in value over the last few years—time to take some equity to buy rental properties
100%
i’m confused so do i live on the street? so if im renting out the house i buy then obviously im renting out someone else’s house hard for me to make sense of it
My rent is $3K for a house that would cost me around $4700 to buy.
id rather own it for more money
My tenants pay my mortgage. 😊 I would never rent.
He’s talking about if you were to buy a house today versus renting not if you brought a house ten years ago of course the mortgage would be cheaper
I live in my home on the top floor and rent 2 appartments on the second.
Grant needs people to rent from him.
Regardless of what this guy says, buy. I’d rather gift my kid a paid off house so they don’t have to pay $4000 rents 20 years from now.
Please dont buy home, come and live in our apartment and pay us rent and make us rich. 😂
He is rich . He’s telling us how he did it his way.
Okay grant got it 👍
I’m confused. If rent is half of what the mortgage is, and I am buying a rental property in that same neighborhood as you say to do in this video. How exactly do you propose I am I going to make money? If I have to get a mortgage to buy the rental and the mortgage is twice the amount per month I would be charging for rent, that means I would be losing half the mortgage per month in cash flow. Example if my mortgage is $3000 that would mean I should be able to rent that house for $1500. How would I pay my mortgage if I own the house for $3000 per month, but only receive $1500 in rent? Yet you say that the rental will make more than the house will.
He said your house is a terrible INVESTMENT. Most people think they made it when they buy a house. That same money into a GOOD INVESTMENT can make you rich. A home is a liability.
Just bought my first house it’s great and less than the rent I was paying for an apartment.
Where is a home $800k?
Rents are ridiculous too
If the mortgage payment is double the rent how is a rental property a good investment?
Average house you’re paying double or triple what you bought for it unless you buy it in cash if you’re in for 30 years and haven’t got out of credit card and car debt.
What are you talking about 😂 rent is $3,000 a month. A mortgage is $1,700 a month locked in for 30 yrs. 30yrs from now that $3,000 rent will be $6,000 a month or way way more. Your income keeps going up as your mortgage stays the same