Grant Cardone Says Buying A House Is The Worst Investment You Can Make

[@ed_word_6198]

Yeah don’t buy a house. Rent one of his apartments.

[@bvegannow1936]

If your want to stay in one place for over 7 yrs, and dont want the rules that come with rentals, and want to be able to grow your own food and have benifits of a house, then a cheap house could be a cheaper option in about 7 yrs or less compared to renting. Depends on the costs of house vs renting, houses r different prices, rents r different prices.

[@HardWorkPays0ff]

This is his pitch, don’t buy a home, rent instead and buy real estate, but don’t deal with the headache of buying and managing real estate, send me the money and I’ll do it for you. It’s a good pitch, just not the most honest.

[@pedrolimaneto5573]

😂

[@Heartless-oi3sp]

​@@bvegannow1936 Cheap house? Not in Cali

[@bvegannow1936]

@@Heartless-oi3sp move out of cali then, Or maybe u can find somewhere in a moral rural area where u could get some land and put a very small cheap house on it which is like a basic survival camper or house like under 10x10 foot big which u could try building partly yourself from used materials like from construction sites..., like opportunity village in Oregon.

[@SmkeDatKush]

The ones telling you not to buy a house, own the biggest ones.

[@sabus1265]

He's a millionaire you're not. He's telling you advice that applies to brokies. Do as he says not as he does cause your bag is significantly smaller

[@fredrickjohnson9473]

​@sabus1265 how you know smkedatkush not a millionaire?

[@LA-nz3io]

He’s not saying never buy a house he’s saying if you do buy a house have it make you some money until you can actually afford everything else

[@TwistIsFly]

@@sabus1265tell us bud.. how much you spend on his scam courses? Just let it out we won’t judge you.

[@HiImRheya]

That’s literally what he said .. don’t buy a house , rent an apartment . Then own the property that other people live in

[@NicholasBall130]

Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.

[@LiaStrings]

Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.

[@TylerJamestown]

The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

[@StocksWolf752]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

[@TylerJamestown]

Credits goes to “Rebecca Nassar Dunne” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@crystalcassandra5597]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@joellexaverie9703]

People don't buy a house as an investment. They buy a house for comfort and stability, build memories, and stop being at the mercy of landlords.

[@blissdad13]

lmao.. until they fall behind on their mortgage.. or taxes. or the insurance goes crazy.. or there is a flood.. or hurricane.. or the roof needs replacement.. or the neighborhood changes for the worse.. or hoa fees go crazy...

[@blissdad13]

and oh yeah... until the market crashes again and you're undwrater in equity... thats coming around... again. ahh.. the memories

[@joellexaverie9703]

That's why people need to buy within their means! If we are all renters, rent will be crazy and no one will be able to afford rent either.

[@blissdad13]

@@joellexaverie9703 there's a lot of money to be made by helping people be fiscally responsible.. but There is a LOT more money to be made by helping people spend outside their means. The vast majority spend way more than they have. Debt has never been higher in the history of America as it is now. Let's deal with reality. Not what we wish things would be.... if you bought your home over 5 years it may have been a good deal. If you bought post pandemicor are buying now it may be the worst investment you ever made.. Im in the market.. I almost bought last year. I bought nvda instead.. not buying a house was a great decision.

[@blissdad13]

@@joellexaverie9703 what percentage of Americans live withing their means. 🤔

[@Kyle3x]

Lmao. When the rich are so rich they forget how real life works

[@themusicman669]

It kinda works differently for different people, don’t ya think?

[@imsubhrachakraborty]

Yeah he popped out rich ryt?? Dumb brokie... Hez telling u the strategy.. rather than finding excuse... learn..

[@limekilnabby6225]

Wtf is “real life” you act like we’re all the same

[@carson12515]

If you’re capable of buying a house you’re capable of the investment strategy he’s talking about

[@raybohlander5502]

I live in indiana bought a fixer up... I've fixed it and own it no bills payed for my 2 cars completely just pay utilities home owners insurance... for waaaay less than 500 thousand... I'm living in my home til i die and using all the money i make to travel all over the world and im not even marginally a rich person... im make 75 to 80k a year... im happy and comfortable... stop trying to keep up with celebrities and these "money experts" ... life is what you make it

[@Bustercruz]

Rich people seem to forget that shelter is a basic life necessity. Not everything is about how good of an investment it is.

[@booki5973]

You can rent?

[@LuisLoera-u9f]

Investment properties can actually be way cheaper than renting a home. Just make sure to be an owner occupant

[@EVNL576]

@@LuisLoera-u9f It’s way easier to buy an investment property and just live in it, if you can rent a room or two and get cash flow.

[@toddjohnsoneveningnews8870]

He said rent.

[@shannon6249]

🎯

[@PapiChuIo]

This guy is so smart. I sold my house and am living on the skid row.

[@freelyricstouse]

Lmaooo

[@varsitygraphix2407]

Wouldn't that make him right? Sounds like u didn't make shit off the house

[@kingtut4561]

you aint watch the whole video huh

[@lamarsdetailing7744]

😆🤣.

[@funnyperson4016]

You should go to Pueblo Colorado and live in an RV. Undercover billionaire style.

[@caseybills5517]

Interesting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@LiaStrings]

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

[@JamesLongman-v5r]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@StacieBMui]

Could you possibly recommend a CFA you've consulted with?

[@JamesLongman-v5r]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BateserJoanne]

Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.

[@granitestatedave]

I love how Grant cardone can convince you that renting your house is a good idea. You'll lose 100% of that rent

[@tomhinde5451]

He came to CERRITOS DODGE to teach his car selling class . It was pathetic in my opinion

[@Bdigital9482]

I’m his principal only applies if You’re owning a multitude of rentals. That’s the catch.

[@juanmerchan3066]

Remember rent is an asset if done correctly

[@pclutch]

You must have missed the end where he says buy a house

[@jarenagra2804]

not if the extra fees (interest, maintenance, insurance, tax, HOA etc) is higher than your rent

[@timmathias3576]

“Don’t buy a house or multiple houses like I did because then there will be less for me to buy and rent out”

[@dexuwastaken7079]

He’s saying don’t a house to live in how are you so dumb?

[@davidunderwood4341]

He literally says to go buy a house and rent it out.

[@AaronTilt]

The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $190K since 2020, and while materials things are tempting, I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.

[@mikefallert1306]

I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, international stocks and real estate like Airbnb. than putting all your money in one. If your financial understanding is lacking, see a financial consultant.

[@Joeknowsball247]

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.

[@hughsx3]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@Joeknowsball247]

My CFA ’Teresa L. Athas’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@hughsx3]

excellent share, Just looked up her name and spotted her consulting page ranked top. after reviewing her credentials i reached out to her.

[@FacelessFinancials]

I’m a broker and literally not one broker makes 12%, this guy had me for years until that comment

[@deandre427]

Not even the realtor makes 12% also how is it a poor investment when he owns almost a billion in real estate

[@Oscar-fi1ev]

And if you’re buying the house, you’re not paying any of the fees, the seller pays the fees. Also, you can’t simply add and multiply percentages the way that he did, the math is completely wrong.

[@houserental5424]

Anyone who takes cocaine Grant seriously is lol

[@musicfan7347]

Haha seriously we’re lucky to get 5 in LA

[@screwheadhtx713]

You don't make 6% going in and 6% going out?

[@Medzforya]

The problem is that people want to treat houses like investment. The home you are living in is “NOT AN INVESTMENT”. It’s a place of comfort for you and your family. Not everything is an investment, sometimes you also need comfort.

[@don-fx3eq]

It's an investment cause instead of paying monthly to rent you pay mortgage for your own place,after let's say 20 years of paying that house is yours,if you pay rent for 20 years you still gonna pay rent the rest of your life

[@audioplugg5310]

It's an investment of comfort for you and your family 🙏🏿

[@scottvance7520]

Shelter is a basic necessity. There's the catch. You have to live somewhere. So owning doesn't have to be an investment for it to make financial sense. If you pay $1700 for rent a month, there's is no chance for you to see that money again.

[@debrabaker6021]

100% agree. Our home is our comfort for us and our family.

[@juliankohlweg4247]

You didn't understand. Only when you RENT a house or flat for living you are able to finance an additional house for business that you rent out and make money from it or at least let the tenant pay the mortgage so later when it is paid off you have passive income. you can also repeat this with several houses. You can't pay mortgage for your own and for another one at the same time if you have a normal income and if you do pay off for yours 20 years long then you will ONLY EVER OWN ONE. And who says living in comfort is only possible with buying your own home? Living in comfort especially mentally is when you have passive income, not when you have debt payments.

[@AtlasZero13]

Living in your own house and no one can tell you what or what not to do =priceless

[@SerV689]

If the police came they could tell you what to do no?

[@AtlasZero13]

@@SerV689 if they didn't have a warrant , no

[@TheWorst_time]

Stop paying property tax. Not so much your home anymore. So do you really own your home?

[@AtlasZero13]

@@TheWorst_time everyone pays taxes

[@TheWorst_time]

@@AtlasZero13 Not everyone.

[@WestonScally7614]

I feel frustrated watching my portfolio underperform as I often jump in and out of stocks. Warren Buffett’s advice that $114 invested in the S&P 500 in 1942 would be worth $400,000 today. How can I adopt a consistent, long-term approach to finally build meaningful wealth?

[@SaintYvess]

It's normal to feel frustrated. Consider a long-term approach with index funds or ETFs that track the S&P 500 for steady growth and lower fees. A financial advisor could also help you build a strategy aligned with your goals.

[@FelineAirstrip]

My financial advisor helped me shift from frequent trading to a steady, long-term approach with S&P 500 index funds. In just two years, my portfolio grew from $200,000 to $380,000. Their guidance on consistency and patience transformed my results-I’m finally on track to build lasting wealth.

[@sting_grayl]

That sounds incredible! Could you let me know how I can get in touch with your advisor? I’d love to see if they could help me achieve similar results.

[@FelineAirstrip]

Of course! My advisor’s name is *Jennifer Leigh Hickman* . Just search her name online-Hickman has been instrumental in helping me create a solid, long-term investment strategy.

[@FelineAirstrip]

*Jennifer Leigh Hickman* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@rykerrush1041]

Oh yeah listen to the guy that rents apartment complexes for a living tell you not to buy a house😂

[@uglypotata6110]

Oh look, i broke guy the telling rich guy don't know what he talking about🤡

[@SUPER_JAVI]

​@ugly potata Exactly his point, not everyone has 10-15 million dollars just laying around to buy apartment complexes like this guy 🤡

[@sp123]

​@@uglypotata6110most people are buying a home to avoid paying rent that increases every year. It's not that complicated

[@Snookered4568]

@@uglypotata6110 “broke guy” So basically you..? The OP of the comment isn’t wrong, you boot licking kids will praise these types of people thinking you’re going to be successful like them when in reality you’re just falling into their trap, they’ve made all of you look like sheep so effortlessly it’s hilarious. - an actual business owner that owns multiple homes

[@Lostintime1900]

@@SUPER_JAVI this guys was broke and what’s your excuse brokie

[@gotdisgotdatentertainment1432]

A house in America is such a luxury, they will charge half your income to rent, so don't even think about buying a house just buy a tent or RV and save some moneh

[@Dogloveandfitness]

Or work more, learn new skills so you can afford it.

[@B1gBossMan]

​@@Dogloveandfitness i would advise buying a house which you after tax income can pay down fully in

[@antoinepowell649]

Right but if u do it right it’s a tax write offf

[@frankiegunnz8066]

​@@antoinepowell649 Do It right????

[@antoinepowell649]

@@frankiegunnz8066 open a LLC buy the house under your business then u get tax write off up 26 years my advice, get a multi family

[@choosey87]

I bought my house in 2012 cash, it was a foreclosure. Now it's worth 10× what I paid for it, and I don't pay a mortgage. Best investment I've ever made 🥰

[@CapitalSF]

he meant a mortgage :) buying with cash is so much better for sure

[@lamarsdetailing7744]

Nice!!

[@QuocNguyen-ec8yi]

If you don’t do the mortgage. That s easier

[@blackshit7]

That’s an amazing deal, lucky guy

[@buildingbuildercip8292]

I did the same…between 2009 and 2014 I bought several houses that I paid for all in cash. I kept them all as rentals. I was able to retire from a $300k +career last year. 🎉🎉🎉 I still have a strong six figure income because of of those same properties.

[@Hannahbenowitz]

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.

[@HildaBennet]

I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.

[@PennyBergeron-os4ch]

You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@JosephineKenney]

Do you mind sharing info of the adviser who assisted you?

[@PennyBergeron-os4ch]

Her name is Sonya Lee Mitchell. Hope that helps

[@BateserJoanne]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@jeepin4life]

I don’t think I have ever heard a more confident and convincing man be so wrong before

[@NinjaSushi2]

That math is pretty awful. I guarantee you he owns a bunch of rental properties and doesn't let people owning their own property.

[@giveme10feet]

He's following Robert Kiyasoki's approach to owning a home. You don't "marry" it to take care of it, you "pimp" it to make $$$! Your home pays you nothing but may cost you other investments that can help you pay for the house!

[@asw654]

​​@@giveme10feetthat's because they don't have a normal job. Theyre real estate "investors". The rest of us who have alternate income can benefit a lot from the tax deductions we get from getting a mortgage on primary residence. As well as the benefits of being in nicer areas with decent schools were our kids aren't corrupted and forced into gangs or whatever. If I was still single then yes sure I'd get the cheapest rent in the shittiest areas while renting out properties. Also, something you're not taking into account that people often forget when criticizing real estate is that leveraging the bank. Someone putting down 100k down payment is just losing 100k, not 500k worth of lost opportunities.

[@PrincesaoftheKing]

😂

[@diegovillarreal933]

He's not wrong buddy. Do the math yourself: renting & investing over buying a house with a 20-year mortgage.

[@FernandoAvelino]

Don’t fall dor this fellas. Owning your own home is your protection against inflation in a long term. Rent will always go up and money will always value less, but your mortgage stays the same ! Through the time you will pay less because money will worth less.

[@ElMundoDeSam95]

I really think owning a home is beneficial or not depending on your bank account your cash flow and your investment knowledge if you have enough money for a house but you dont have knowledge on how to transform that money into more money and you have no cash flow and you need a house then i guess thats when is a good idea investing in a home

[@FernandoAvelino]

@nicolasgirard2808 I can’t speak for all cities, but where I live, it’s about the same thing

[@flyboy901]

And when everything else goes up so does your property taxes, maintenance fees to fix home, upgrades, etc. No one escapes inflation. We all pay one way or another.

[@Rocko1990]

Good point

[@warcraftarthas]

@nicolasgirard2808 not true

[@Freakshow323]

Lol buying my house was the best thing I’ve done in my young life

[@nashonabo821]

Hes saying as an investment in increasing your wealth not an investment in your comfort and relief. Im going your route too because I dont want to worry about getting laid off and owning properties is dangerous considering the CDC can illegally decide to cut off rent to homes i manage when it’s convenient

[@helena3631]

Yeah my dad brought a house for 200k now it’s worth 4M do not listen to Grant…. Timing is everything in the housing market

[@imforged]

Facts

[@SidebySideguy9.07]

Facts

[@Bunny-pr8gw]

Yeah you got lucky. You found an affordable one and you had the money at the right time. For the vast majority of us that’s a luxury we can’t even dream of. Owning a house for the majority of people is a horrible investment.

[@cryMoreLoL]

Man, he’s really pushing his product. “Don’t buy a house, rent my property instead.”

[@frankbishop5594]

You can take that part out and it’s actually sound intelligent investing

[@cryMoreLoL]

@@frankbishop5594 no it’s not. Grant Cardont is a con artist, you’re just one of his victims. I bet you think “side hustling” is smart too.

[@frankbishop5594]

@@cryMoreLoL woah buddy I am not defending the guy he’s made bucks of the ignorance of others admittedly, However as a person who’s fortunate enough to own and manage a portfolio of properties I can assure you if you are able to afford 2/3 properties with a rent/repayment profit with the end goal of owning or stacking away money that someone else is paying then yes it’s sound advice I’m not here to flex or brag because it’s a generational hand me down and as the builder of the family I inherited the property while other family inherited the wealth

[@frankbishop5594]

@@cryMoreLoL you’re way to emotional to hold down a intellectual conversation why are you so full of emotions? Or do you assume because you can see a blatant con artist you must be so powerfully intelligent that everything they say and you disagree with must be fiction? I assure you sir facts don’t care about your feelings

[@cryMoreLoL]

@@frankbishop5594 the clown isn’t targeting people like us, he’s targeting people who don’t know anything about investing. Nothing his says is of value to someone who already knows how to invest in real estate for 2 reasons. 1 - you should already know this information 2 - it’s bad information to sucker people into his product. You obviously wouldn’t consider Cardone Capital. Why not? Because you know it’s horse 💩 and you don’t need his help (as you have stated, you already inherited some success.)

[@PremSteve-yg4de]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@fresnaygermain8180]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@belobelonce35]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@yolanderiche7476]

Interesting, Mind if I ask you recommend this particular professional you use their service? honestly right now i have quite a lot of marketing problems.

[@belobelonce35]

‘Sharon Marissa Wolfe’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@valeriepierre9778]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.

[@ruiarruda5987]

He’s right, that’s why I live under the bridge.

[@dhgmduke2138]

lol

[@gsingh87]

😂

[@djwhisper3246]

smart lol

[@man94xxBIG]

How is it??? Are things great??

[@divathedivinegoddess8001]

😂😂😂😂 oh lawd

[@MauricioOutdoors]

“Don’t buy a house, buy real state that other people live in (meaning a house)”

[@thewaluigibrothers1482]

He saying don't buy a house and jus live in it. Rent where u live and buy for others to rent to you

[@RealPatrickWebb]

​@@thewaluigibrothers1482 paying rent, if going to be almost the same as what they'll be renting it out for, no making any money doing that

[@thewaluigibrothers1482]

@Pat Brody true. If u got 1 then u breaking even almost that's why he always says get a apartment. Multiple doors paying you

[@Unknown_24-7]

Exactly

[@EmersonFranklin65]

That is very confusing! If Real Estate is a bad investment, what then is a good one?

[@kathleenstoner.n7499]

The good old Stocks... Of course, you have to be well informed on the right ones or better still, get an F.A to handle it for you (that way, you save time and minimise risks). Made my first million few days back from the Nvidia rise without having to do much and unlike with Real Estates, no one wakes me up by 2am to complain about a leaking pipe.

[@Alejandracamacho357]

nothing is good these days

[@broandking]

@kathleenstoner.n7499 Thanks. I think I need one. What are the steps for getting a decent advisor

[@kathleenstoner.n7499]

You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.

[@marguritetheodore2194]

Wow!!! Its really a small world. Met this lady at our country club weeks ago

[@stressfreenetwork8033]

Never take advice from someone who just wants your money

[@rickypv2978]

Like politicians?

[@johnsnowwww]

Yeah dont take advice from politicians thats pretty obvious ​@rickypv2978

[@evandiaz8246]

That’s something a brokie would say

[@diegor.1905]

Parent bought a house right before the recession ended, did some work over the 10 years but never cared to check the estimated value of it until recently and man was it a good investment

[@jbb66]

Only thing is you have to sell it to realize the gain then have to find another place to live. My home went up quite a bit, but in reality everything else is just inflated...be a wash when you move. Good timing though on your parents getting a home before all the craziness.

[@katydid2877]

@@jbb66 I sold house 8/21 in AZ then moved to a condo in a state with lower cost of living.

[@jbb66]

@Katydid Heck ya, I like to hear that. Good for you. Nice to be able to get "free". I live in Texas... waiting for my kids to get through school. I'll be looking to move where property taxes don't suck the life out of me.

[@wearetheremnants1615]

Nominally but with inflation not that great

[@zywb]

Good timing, but the issue comes when house "value" goes up, and you're paying higher taxes each year, regardless of income. And to make a gain relative to new prices, you have to move away from where you've established yourself (somewhere people aren't willing to pay as much to live there).

[@tyleremmerling3842]

Bro said 12% for broker fees 😂

[@JayJay-fc2fh]

More like 6-8%

[@aab434]

Yeah 5% is the average where I live in Cali it’s based off where you live, if you’re in Texas or the south which I’m guessing is where he is because of the high property tax than the fees are probably over 10%

[@khietnguyen9505]

@@aab434 then just buy directly 😂

[@explorerjlc1743]

What broker lol.

[@DoubleD144]

This guys math is terrible

[@ColdIce99]

Buying a house is also a hedge against inflation. Rents go up. Fixed rate mortgages do not. When you pay rent you pay somebody else’s property taxes, maintenance, etc in perpetuity.

[@farhank8336]

your property tax also go up!

[@user-nn4er5wn5h]

They do when your house is assess and property taxes go up or a new roof that's equal to a lot of rent

[@mattmatzner8749]

@@farhank8336and when the landlords taxes go up so does the rent. That’s the point of the comment. One is building equity with the ability to pay down the loan, the other is lighting all money on fire and gaining zero equity with no opportunity to store extra money in the house.

[@vicshephard9231]

Is he a homeowner? It's like a PhD telling people not to go to college.

[@user-os3ml4uu6i]

The thing is he didnt get his own home until tens of properties in. So your point is invalid

[@AjZ530]

He literally says in the video that once you have money coming in elsewhere go buy whatever you want

[@Rulayrollie]

But he has millions? Stop coping and listen

[@vicshephard9231]

You guys are funny to me. Stop being fanboys.

[@Rulayrollie]

@@vicshephard9231 better than being a bitter hater

[@martinlutherkingjr.5582]

Buying a house is not really an investment it’s just peace of mind that you’re unlikely to have to leave as long as you pay your property taxes.

[@richardwallis9374]

Buying a house helped me become a millionaire…..

[@martinlutherkingjr.5582]

@@richardwallis9374 Congrats on getting halfway to a middle class retirement

[@totuudentorvi7781]

Property tax is just rent by a different name.

[@itsAmeOFP]

@@totuudentorvi7781 if you’re not paying your own property tax you’re paying someone else’s

[@MizThe]

I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?

[@AndreaRoberto-wm3th]

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.

[@Markscott412]

In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.

[@vivianlucy141]

Do you mind sharing info of your advisor? I need help.

[@Markscott412]

'Melissa Elise Robinson' is the advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@vivianlucy141]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@travishamlin7106]

Taking advice from Grant Cardone is the last thing I’d do, but it’s your money!

[@STRAIGHTBOXMUSIC]

He has money and toys. This means he is credible and experienced.

[@travishamlin7106]

@@STRAIGHTBOXMUSIC at taking a suckers money!

[@beanboi7233]

@@STRAIGHTBOXMUSIC yea he made all that money being a very honest and caring person definitely nothing shady

[@darrell5703]

Bernie Madoff also “had” money and toys. Guess that means he’s credible and experienced too.

[@emphatically]

you’re right grant, we should all live in cardboard huts we built ourselves and bathe in the creek…

[@abaslzg7338]

Then invest the money from that to buy appartments, why live in a house when you can make 1000$ a month renting it

[@songoku-jx3cb]

You belong to the streets

[@tsaunders4684]

No you get a 10.00 planet fitness membership and shower there and have a place to charge your phone. Great 10.00 monthly expense

[@songoku-jx3cb]

@@tsaunders4684 where do you sleep

[@tsaunders4684]

@@songoku-jx3cb I closed on a home back in summer of 2015. Prior to closing I did the Planet Fitness homeless thing sleeping out my vehicle because I didn't want to renew my lease while trying to get a home. It was a fun experience and I saved a shit load of money for about 6 months during that chapter of my life.

[@andrewwesterberg8701]

Buy a house and your mortgage will be the same for 30 years except for taxes and insurance adjustments. Rent now and they can jack your payment up to whatever they want and call it operating costs or inflation.

[@smokingcrab2290]

This

[@goaldineyelife6291]

You still broke tho

[@balla2828]

Bingo. Also if you have a low interest rate then you are big chillin

[@LateNightCable]

@@goaldineyelife6291 how are you broke when a house payment is stable for years, and is often cheaper than an apartment?

[@TopVillain]

You still break even. But you don’t buy a house for yourself you buy a home for your children they will reap the benefits

[@warlordop713]

He’s definitely wrong. He’s just trying to make us not buy homes so he can buy them all to rent to us. 😂

[@meglukes]

Yeah, pretty sure if you have a $576k house you probably aren’t needing to spend $5.76k in “maintenance fees” every single year. There will be bad years where something major breaks like the A/C or you need to replace the roof, but it shouldn’t average out to 10% over 10 years unless its a cheaper, older home at that stage in its life where everything is needing to be replaced.

[@bopcentral7425]

Tell me how you think hes wrong? You paying a mortgage is not an investment.

[@warlordop713]

@@bopcentral7425 homes are like stocks they go up in value over time. Even if a crash occurs don’t sell because the value will recover. My father makes 60k a month in real estate. I have condos at 21 years old and they are slowly going up in value. My guy you are dumb as rocks if you think houses and condos are a bad investment.

[@warlordop713]

@@bopcentral7425 Let’s say you brought a 50k condo in 2019. That same condo would be worth $200k now. Houses too. Let’s say you bought a house for 500k in 2003. That same house would be around $1 million now. My father brings in 60k a month due to real estate. Real estate, gold, and Bitcoin are the best investments.

[@youngmicah81]

He literally said to buy a house but to not live in it to rent it out. did you not listen to the whole thing?

[@patrickcarter2382]

The market in Nashville is crazy. We bout our house for 900k and maybe put 100k into it. We decide to move after 7 years and sold it for 1.7 mil after only being up for a week. Also no inspection and all cash.

[@ligmaballs0911]

Proof this nigga grant bugging tf out

[@ToulouseFan]

Awesome. Where’d you move?

[@itsbeyxnd]

Moved to Atlanta in 2013. Parents bought the house for 210k. Ended up selling it for 600k in 2021. 6 bed 5 bath house

[@mannyvelo]

Insanity.

[@stephen3762]

But how much did you spent on it in the mean time in maintaining it?

[@MrJimmy3459]

This guy is a piece of work, I dont want to be 80 years old using my social security to pay rent.

[@johnyang1420]

Stop paying property taxes and you will see who really owns your house

[@bvegannow1936]

Ban mandatory school. Instead of spending $180,000 for a kids education for them to graduate and not kno how to work a cash register or flip a burger, that money could be spent on buying very cheap houses for the poor.

[@jimco1198]

Whatever. My house payment is less than renting.

[@harthart7529]

@@jimco1198 If you bought it today it wouldn't be.

[@davidheinig2737]

My mom spends $1450 rent outta $1800 social security social security is a JOKE work 50 years and get $2500. What the fuck can you do with $2500 mean while bozos makes $3700 a secomd

[@mattjoy1186]

😂😂😂😂😂 My house increased in price 300k over the last decade. 2013 market soft 2022-23 exploded. I took one hundred grand out of equity and built a pool and outdoor kitchen. My mortgage is still less the most rents in the area and my house has a guest house that I rent to pay 75% of the new loan. Hey Grant! SMD! 😅

[@cbsvideo70]

Only thing he trying to articulate is stop trading time for money, rather than work a job to pay my mortgage! I’d rather just drive by and pickup my rent, and let someone else work to pay it for me, while I’m on a Beach 🏝️ in Maui

[@jkholley1118]

​@@cbsvideo70 The rental house is not free, you still have to pay all the expenses out of your rent just like you have if you lived in it. You get to keep what's left as profit. That's not covering your rent on the beach

[@tonytoni1150]

Damn! Big baller

[@euphonium84]

That guy thinks everyone just has 100k sitting in their bank account, I wanna know what percent of people have 100k save?

[@marklujan7591]

Must be nice to be a boomer

[@JuanCarlos_J]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.

[@MiquelMorterero]

@RobertDennison411 how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@SpectrumNumber]

You can't ever time the market historically so if you buy an etf tracking the S&P500 or something you should be fine.

[@tigger9flow]

+1 for ETFs. No expert knows where the market will go and when. Statistically, these experts guess 50/50 or something, even though they may have access to limited knowledge and deep expertise You also could split your stock purchases over a few years and some money keep in bonds

[@j3in725]

Nr. 1, dont take advice from KZbin comments. Hire a reputable financial advisor FFS.

[@76ersALLDAY]

​@RobertDennison411😅😅😅😅😅😅

[@GMacII]

He should’ve just said your first house should be a DUPLEX or Quad. Live in 1 and rent out the other 3.

[@studentpilotlookinahh]

Doesn’t it take like months to get tenant(s)

[@GMacII]

@@studentpilotlookinahh in this market, DAYS.

[@Gudbadrian]

He doesn't cuz he wants you to rent and invest money in cardone capital

[@studentpilotlookinahh]

@@GMacII really? man I didn't know that. Can explain why that is? I genuinely want to know- is it because of falling prices of homes/rent?

[@GMacII]

@@studentpilotlookinahh this is currently low inventory nationwide. People aren’t buying houses due to the mortgage, fed rate, and recession. Best thing to do is wait it out by renting, then buy once the crash occurs.

[@darrenharriott2120]

This worked until the government gave free rent because you could not evict .

[@Ritohndz]

Renting is like throwing money away. You will never see it again.

[@jcantonelli1]

You could say that about any experience that you spend money on. Renting is simply the act of periodically paying for the experience of a place to live. ' "Going out to dinner" is like throwing money away. You will never see it again. ' Do you see how ridiculous that sounds?

[@kopanomoss5752]

@@jcantonelli1 exactly

[@for281]

Nah You can get money from anywhere. Even win the shit But youth... Thats a fleeting moment in a long term relationship with pain

[@RigoUnreal]

wtf are you talking? omg

[@ayoobi1691]

But even when you own a house you will always pay maintenance, property taxes, and home owners insurance on it. Because of the property taxes, you never really completely own your home.

[@LukeLightLife]

So let me get this straight, don’t buy a house, but buy a house to rent it out.

[@JonathonLlamas]

This guy is rich. But he says things that disagree with most billionaire like david ramsey

[@KKOPPONG]

⁠@@JonathonLlamas1. Dave Ramsey is not a billionaire. 2. The title is a house as an investment. As an investment it’s a money pit. As a home when you aren’t worried about ever having to sell it or cash out then it’s a great idea.

[@KKOPPONG]

Yes but a house to rent it out.

[@balderrama25]

You don't get the message and don't blame you. Here is what he saying. To begin buy a duplex live there and rent the other unit the will help you reduce your monthly payment and keep saying to buy the next because you saving buy not paying full mortgage because your tenant is helping you to pay, that's just in simple works but there's more to understand but you not ready

[@stevenmorris2293]

Then go rent another house for yourself to pay rent on. And also pay the 10% upkeep on the one you bought but are not supposed to live in .

[@ethanjaworski1452]

He must own lots of apartments. Renting will always be worse unless he means you should be homeless

[@jjackson5558]

I read somewhere he has about 12K apartments

[@MichiganTroopers123]

2x10 is 20 Thank you Sir I never would’ve have figured that out

[@russosborn2581]

Yes alot of people think grant cardone is a scammer and a liar. But i pulled my calculator out and 2 x 10 is in fact 20. Grant has my trust! 🙌

[@easkeybikes1966]

Thw way he said it though. Such conviction. This clearly isn't his first rodeo.

[@Verasabri]

SHORTCUTS TO SUCCESS.

[@Verasabri]

To attain wealth, the first step is figuring out your goaIs and pIans, with the aid of a financiaI pIanner and following through with intelligent pIans, you will gain attain wealth and as weII enjoy the benefits of managing your finance.

[@Verasabri]

My decision on my finances gained so much (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.

[@Verasabri]

Get to her, if you care..

[@Verasabri]

Elizabeth Green Hunts

[@ZenaFuss]

Many needs this info, good stuff.

[@Coldone24]

Rent is the definition of DEAD money

[@DeeRuss]

Some people need to rent like me I’m 20 and I can’t live with my parents anymore I work full time and need a place to stay I love my job and wouldn’t mind working overtime 2 extra days a month to cover rent plus I have so much money saved up I can never go broke

[@StockCarGuy]

renting will actually save you more money to invest rather than paying a mortgage. All fees tied up, maintenance cause the house will need repairs sooner or later, all adds up.

[@StockCarGuy]

@melli-yelli im looking into renting an apartment before i even consider a house, i wouldn't purchase a house until im able to pay of the house in under 10-15 years or pay cash.

[@re7630]

This man does not live in reality.

[@FoxyGrandpa75]

He actually does

[@ethantrani-pj8vm]

Unless he is, and we are still in the rat race. I'd prefer to listen to advice of successful people because they are successful.

[@FoxyGrandpa75]

@@ethantrani-pj8vm fax

[@alexgrinage]

​​@@FoxyGrandpa75ederal law caps the brokers fee at 3%. And 10% maintenance is insane your telling me on a 200k home your doing 20k in maintenance a year. Broker and agent fee could 6% but that's rare usually 3-4.5% plus you could make the seller pay

[@3MrNiceGuy15]

​@@FoxyGrandpa75 no one uses fax machines anymore

[@erickayala4548]

He is the same guy who just buys a house in Malibu for 40 or 50 millions and gives the advice to others to not buy a house 😂😂😂😂

[@FoxyGrandpa75]

You clearly didn’t listen to a word he said

[@alexgrinage]

​@@FoxyGrandpa75he's so wrong a mortgage makes your payment fixed while rents rise. Also if you rent for 1k and my mortgage is 1k after 30 years that 360k. I'll get atleast most of that back you get none back and I assumed your rent didn't change in 30 years good luck with that happening

[@FoxyGrandpa75]

@@alexgrinage this just goes to show you have no fucking clue what he’s talking about in the slightest. He’s not talking long term. he’s talking about good debt and ROI. You’re buying a liability while he’s buying an asset. Seriously it’s not even that complicated

[@trillside1]

Grant Cardone is the definition of "Scam Artist"

[@asorich3581]

He's right, but I think many are confused because when he says 'buy a house', he means buying a home for yourself on debt too soon. And precisely that scenario fucked up many peoples life and made them financial slaves for centuries. Just switch two steps on your financial plan, first cashflow, then personal big assets (like he said)

[@mr.brooks9802]

It’s always better to own. That’s why the guy telling you to rent - owns multiple buildings/apartments 😂

[@wavesbnice1]

He owns assets... a single family home is a liability bcuz money goes out... he named the expenses.... houses don't always appreciate...

[@mr.brooks9802]

@@wavesbnice1 it makes sense whether you own one or 10. Lodging is a sunk cost and usually the highest item on anyone’s budget. You’re better off paying that towards something you will eventually own as opposed to not owning. You may realize this when you retire and still have a house expense when you could’ve eliminated that and just pay the property tax

[@innosanto]

@@mr.brooks9802 he is saying something dofferent that i have not fully grasped. He still says to buy real estate but to rent it. Maybe the difference is jn taxes and fees?

[@sheshotjfk8375]

@@wavesbnice1 LOL as if the units you rent don't have expenses/upkeep.

[@KateHikes1933]

"Let's say you buy a $1,000,000 house." No, let's not.

[@fredd.4443]

Like what 😂😂😂 that’s the worst example ever

[@tonytoni1150]

Lmaoo 😂

[@cantripleplays]

You aren’t the target audience

[@ExpensiveSavyhomes]

Rental or own house I would be happy with right partner anywhere on the planet

[@woodside4life]

😂😂😂

[@Rogerederer-b2r]

Amazing content! I have been following your videos for some time now. I've been working on scaling my business for two years and have seen some great progress. Currently, I'm facing some challenges and wondering if there are any short-term opportunities I can explore to help scale further.

[@Morgangreen-b1l]

Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@peggytaylor-v3e]

Impressive row! how can I get your advisor please, if you don't mind me asking? I could really use a help as of now with my portfolio allocation.

[@Morgangreen-b1l]

The advisor am currently working with is Grace Lorraine Austin. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@peggytaylor-v3e]

Found her profile online and reviewed her credentials. She has a lot of relevant experience. Thanks for sharing her information! I've already sent her an email to get in touch.

[@WilliamsF-e8r]

I know this lady you just mentioned. Grace Lorraine Austin She has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients. She helped allocate my mom's portfolio to all her three kids after she passed.

[@ThaStonedGardner]

Rented, worked, and saved for 22 years or so. I just paid cash for my house and for a small set of apartments. Now I just garden all day. Going to try to make some farmers market income next year.

[@cobracommander9138]

You could have had two houses and a set of apartments. You can save while buying a home.

[@maniaclatdisciple]

When I graduated and was making money my first property wasn’t a house for myself but rather one to rent out

[@TheSoloExpat]

You need a place to live 🤡 also you can rent out all the other rooms and basically live for free vs paying rent

[@beyondreality8506]

Who wants to live with strangers in your home?

[@TheSoloExpat]

@@beyondreality8506 if they are high income don’t mind or if they are friends yeah. I live with a stranger now. As they as they have a job or are a student I don’t care

[@luck9837]

Brandon looking at him like “this dude full of shhiizzz” 😂😂

[@thewhiteknight02]

Ok bought for $165k. Remodeled added on for $150k. We are in the $550-600k range and owe under $100k at $1200 month. 2.75% When we rented for 14 years for $1200-1500/mo we have nothing to show for it.

[@Mohammedmalsaid]

For most people owning a home is a smart decision, especially if you have a family. Rent is more than most mortgages so I don’t see how anyone can justify renting especially when you plan on living somewhere long term and have a family.

[@User92860]

Why does nobody get what he is saying, he is talking about houses not be a good investment if you just let it sit there and that you should instead rent/airbnb it out to people. Houses are good if you actually use them to live or rent/airbnb them out to people and not if you just let it sit there with no one in it and wait for the value to go up

[@smokingcrab2290]

Who tf just let's a house sit there and just waits for the value to go up?

[@GurpreetSingh-dj9en]

I get it but then you'll need to rent too and that's not smart, rents have been rising rapidly you'll also be owing a landlord who gets rich so he doesn't make any sense.

[@sheshotjfk8375]

Umm. NOBODY does that. That is NOT what he is talking about. Nobody buys a house and doesn't live in it or rent it out.

[@battleclover9537]

If his advice needs an interpretation to make sense, then His advice is hot garbage.

[@theerealatm]

I always say this. My cousin looks at me crazy for renting. Houses ain't too far from renting. I'm living debt free and stress free while renting. I'd hate to be in debt and then be worried about maintenance and cutting the grass, fixing the gutters and leaks... You're literally a debt slave that signed up to be one... For what? To flex it?

[@johnyang1420]

Exactly!!!!

[@johnyang1420]

Try to skip paying property taxes and see who really owns your house

[@redwallz4624]

Don't pay your rent and then see how stress free you will be.

[@redwallz4624]

@@johnyang1420 guess what certain of us veterans are exempt from paying property taxes.

[@redwallz4624]

How much is your rent? My mortgage payment is $754.

[@user-th8fx1yk9k]

Stop thinking of a home as an investment and own a home as a place to live, raise a family, and make memories.

[@johnyang1420]

Stop paying property taxes and then you will find out who really owns your house!!!

[@redwallz4624]

Property taxes are around 1800yearly in my area. That's chump change. People pay that on a monthly basis for rent. Now don't you feel like a cardon fool

[@redwallz4624]

I did stop paying property taxes and nothing happened. I'm a veteran and exempt from paying

[@darkhorse2reign]

​@@redwallz4624 // $6,000 in my area. It depends on the value of the property- in my area. $1,800 in property tax would mean I live in a shoe box.

[@redwallz4624]

@@darkhorse2reign that's crazy amount

[@darkhorse2reign]

@@redwallz4624 // Charge it to the game. But yeah, someone else had mentioned that basically no one actually owns shit anyhow. If you stop paying property taxes, watch and see what happens. I said something similar: Stop paying that mortgage and you'll soon see you don't actually own shit. The bank does. Between banks and the govt you gotta beat them at their own game and get elected to their board, buy stocks or municipal bonds. Gotta play chess (not checkers) with these people.

[@zeestrees2780]

Him- “2 times 10 is 20” Me- “hold up” *pulls out calculator* “Ok, checks out. Continue”

[@MajestyDreams24]

He’s not talking to typical people. He’s talking to entrepreneurs. He’s saying invest in your biz..

[@broneram]

Grants math is so funny. Property tax in his head goes from 2% to 20% over 10 years😂

[@robertcamiliere6678]

ur not very smart, hes saying over 10 years *2%=20% total

[@broneram]

@@robertcamiliere6678 that’s not how it works.

[@lidam]

Over 10 years you are paying 20% in taxes based on his calculation according to mine it is probably around 25 considering assessment of property increases over time. But it is still worth owing than renting. House will appreciate over 50% during that duration so technically you are paying for everything but you will recover almost all of your expenses once it is sold. Didn’t make any or lose. Lived for free for 10 years. That’s how people should calculate. Renting 100 💯 money burning machine.

[@omark8012]

This is the best I have ever heard grant explain his stance on buying a home. Happy to have heard it. His math is a little off and the percentages are bloated but I get where he is coming from.

[@bvegannow1936]

buying an expensive house when u can't afford it is dumb. People shouldn't be going into debt for big exspesnive house they cant afford don't need with a bunch of stuff and empty space that barely gets used. A cheap house could be cheaper in 7yrs or less than an apt if paying $4000/yr in property taxes.

[@smokingcrab2290]

What he proposed isn't feasible unless you have 10 mill laying aside to spend on rental properties

[@VirusZero0140]

My dad bought his house for $130k in California in the 1980's. Its now worth $1.5 million.

[@Repented008]

Peace of mind is priceless.

[@VeeTwelve202]

Right.

[@olegkhylyuk7272]

Yeah, that’s an absolutely selfish statement that works in favor of hedge funds. That’s the worst investment advice I’ve heard. My brother bought a $240k house in the Seattle area in 2014 and paid it off 3 years ago. Over the years, and thanks to COVID-19, its value has doubled. Then, in 2021, he took a $600k loan from the bank and built a beautiful new house on another property for himself and moved in. He rented out the paid-off house to his friends for $3500/month. His recent $600k loan costs him $2600/month. Meanwhile, one of his friend haven’t bought anything because he also thought that’s the worst investment and are still renting but now it’s my brother’s paid-off house. The lesson is - while you’re dreaming big, someone is already building his future slowly step by step.

[@MegaGuitarpicker]

Rent one and have nothing to show for all the years you live in it.

[@calleyhoov]

Advising to rent because buying a house is a waste of money is WILD.

[@darnelllewis5984]

I never trust a fast talker

[@ofra12]

Haha that’s a good instinct to go by

[@johnyang1420]

Why?

[@jams9271]

Me neither

[@SWillis023]

@@johnyang1420 typically means they are tryna get you to look over something in my opinion. People who talk fast don’t want you thinking hard about what they say

[@scanomano259]

12% for broker fees 😂. Don't brokers get paid by the bank and so they rarely charge the client

[@collinbarrymore]

lol no real estate brokers usually get paid by the seller.

[@scanomano259]

@@collinbarrymore I'm talking about a mortgage broker. Is he talking about a real estate agent or something

[@drew3693]

😂 He really wants folks to believe this simply so he can buy up more real estate. Don’t buy the American dream folks, rent it from Grant. What a clown.

[@UnleashthePhury]

Buying a condo in your early 20s is probably a better plan for having a house by 30 than college at this point.

[@davidr4523]

Grant Cardone goal is to have people invest in his syndicate. Several points he left out in this video. 1. Purchase fees of a house is one time only at 3%. 2. If you don't purchase a home you have to pay expensive rent. 3. Homes have been appreciating at 10% per year. 4. You get a tax write off on mortgage interest expense. 5. You can refinance to get cash out of house. 6. Through your mortgage payments you are building your equity ownership in your property . When you rent you build no equity.

[@cbjueueiwyru7472]

It's 0% to purchase in US because seller pays feea

[@sheshotjfk8375]

@@cbjueueiwyru7472 That's a good point. We are currently closing on a house and are only paying 0.5% of the commission fees, and that's because the sellers negotiated that and we agreed to it.

[@TommyTombstone]

"Don't buy a house for yourself, buy a house and fuck somebody else on rent. Then after you're X million in debt from multiple properties and fleecing the other guys, then go get yourself a house. Don't worry about risk or volatility or upkeep or the work required to get to that point. Trust me, bro. You might up the rent on your tenants every year to cover your costs and pocket some extra, but your landlord wouldn't do that to you, bro."

[@toxichammertoe8696]

Buying a house is better then renting if you plan in living in the neighborhood but yeah your house IS NOT AN INVESTMENT BUT BEATS RENTING

[@markreyes2567]

One of the best things I did was pay my house off within 5 years. It was a struggle but I did it. It allowed me to not have a mortgage or pay rent. I then used that money for investments. Life feels so much better when you have a house that’s paid off.

[@tomloiselle2785]

Try living in California 😢

[@martinlutherkingjr.5582]

How did you eliminate property taxes?

[@alexgrinage]

​@@martinlutherkingjr.5582he still pays its but what's 200 dollars a month vs rent

[@jkholley1118]

Took the wife and I 7 years, but you are right. Stress free living.

[@jkholley1118]

​@@martinlutherkingjr.5582 You are paying them as part of your rent. No difference. A renter is covering all the same expenses as a homeowner plus the landlords profit. And they get all the equity in the property.

[@justinremschneider9614]

Rent when needed, but don’t pass up the opportunity to utilize a home as an investment when it makes sense. 1) Find the right house. 2) Make the right deal (i.e., price, financing, etc.). 2) Rent rooms/space to friends and/or share costs with your partner. Note: This makes you a landlord who’s generating income and reducing the impact of expenses. 3) Let the home build value and sell at the right time. 4) Start back at 1. In summary, you’re either paying rent or you’re paying on your investment (home), building value, and generating income. Just my thoughts…

[@TonyRiley-qb7sw]

I and my wife own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?

[@karenwilliams9653]

Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

[@simone_maya]

Sell and invest option is viable, but crucial to consult a trustworthy cfp for income projections aligned with your goals. monicamarystrigle, a remoteadvisr, significantly grew my protfolio by 227percent by me modelling trades and patterns on charting.

[@clintscott3300]

monicamarystrigle, a remoteadvisr, significantly grew my protfolio by 227percent by me modelling trades and patterns on charting.

[@_davidturner]

sell and invest option is okay, but important to consult with a trustworthy cfp for guidance. monica mary strigle is the remoteadvisor I use.

[@Muriel-1112]

Well Grant, I'm not sure I agree.

[@Kseniaramesh]

True, but it's also a way to build wealth. And owning a place gives you stability.

[@Churchillhump2268]

Stability's good, but what about all the costs? Property taxes, maintenance, ugh! Investing that money could grow faster.

[@Colbe-lx7fb]

I dunno, I like having a yard for my kids and the ability to paint the walls whatever color I want. You can't do that in an apartment!

[@Jonesmatsunaga]

Maybe it depends on your goals. If you want to retire early, investing might be the way to go. But if you crave stability and a place to call your own, buying a house makes sense.

[@Larry1-pl2wq]

Exactly! And besides, the market isn't always gonna be this good. What if there's a recession and you can't sell your investments for what you put in?

[@chanman201]

Dave Ramsey is having a fit right now.

[@tscott6321]

I bought a house so i dont have to deal with renters market and inflation. The issue is people buy houses they cant afford. During Covid when I was losing money in the markets i bought a 2300 sqft home for 205k on 2.5% interest. I pay less than people renting and NO HOA.

[@foofuku]

Its true buying a house is a liability

[@justinbiemann269]

Rent for a 2 bedroom where I live is 1600 plus utilities a mortgage is 800

[@wavesbnice1]

For what type of property

[@Seann_michael]

And then grant went and bought some Multi million dollar mansion lol

[@davidbeltranmx]

This is literally what I’m doing and it works. I pay $600 dlls for rent and my units generate $4k a month. By the end of next year they’ll be generating $6k and in 5 years $10k. My rent only goes up 5% a year. But I’m building 1 unit a year. It’s a great model

[@solice8844]

I bought my house in 1986 for $185K and it’s worth $800K today. It’s been 38 years of not chasing rental markets, no dealing with unreasonable landlords, no rent hikes, no relocation and moving costs, and having a place to live for the rest of my life. Well worth it. Great investment. I also bought other real estate, rental houses, strip malls, land, etc. and even built some offices and apartments. Real estate is the way to go for the average Joe.

[@totuudentorvi7781]

So you didn't break even, let alone make any profit.

[@itsAmeOFP]

@@totuudentorvi7781 neither do renters

[@Islandboy99]

Never knew 2x10 was 20..thanks Grant!! 😊

[@nedknowseverything]

Also, he probably knows this but, it’s 1.02 ^ 10 not 1.02 * 10. Slight difference but it adds up after the 10 year mark. And 12% broker fee is crazy, not a real number. Usually buying is a better investment if you plan on staying somewhere for 12-15+ years. If not obviously the closing costs etc will eat into the value of buying. Edit: And Grant is a scammer. There are plenty of people who you can get real numbers and advice from. No need to go to this asshole for them.😊

[@jacobf2495]

The last line was legit. Everything else was pure garbage

[@levantinian]

But you get to live in it. So subtract all the rent you would have paid over 10 years. And the risk of eviction which is hard to quantify.

[@ColinBenjamin]

Cardone’s first multi-million windfall was flipping a mansion that he profited almost $10m on.

[@Mil891]

I bought an apartement 10 months ago for 330K, I just got it appraised at 355K. I've made 25K in 10 months without doing jack shit and with zero risk. What other investment can offer me that?

[@kungaxel]

sure that is great, but unfortunately the real-estate market goes up but also down

[@Mil891]

@@kungaxel If you live in any major city where there are plenty of jobs you can be sure that the real estate market is not going down. Demand will always be greater than supply. There will be some dips here and there but long term it will always go up.

[@KingSB187]

He's talking about buying a house to live in it isn't an investment . Buy houses to rent out for monthly income

[@Mil891]

@@KingSB187 Owning a house to live in and paying of the mortgage is far better than renting and paying off someone elses mortgage

[@Mohammedmalsaid]

@@kungaxel there’s slight fluctuations but those are insignificant the general trend for land and real estate is always up.

[@Ace-xt8lv]

What he’s failing to mention is rent is now as much or more than a mortgage and where is that money going ? You lose either way

[@sheshotjfk8375]

When was rent EVER less than a mortgage? That has never EVER happened.

[@hypothesistester2768]

Don’t buy a house but buy a house and rent it for others! Wow logic left the chat