Grant Cardone: A home is a ‘terrible investment’ since it ‘ain’t your house.’ How to tap real estate without a mortgage
View original at finance.yahoo.comGrant Cardone: A home is a ‘terrible investment’ since it ‘ain’t your house.’ How to tap real estate without a mortgage Ivan Apfel / Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Raising rents from $1,000 to $1,200 on a property can generate $1,200,000 in value
80% confidenceLook for properties where rents are below market ($1,000 vs $1,200), typically 1970-1980 built, owned by long-term owners who didn't raise rents
80% confidenceNever buy a house to live in, but rent where you live and invest the difference in cash-flowing real estate
80% confidenceBuying a home is a terrible investment because it doesn't provide cash flow, lacks significant tax write-offs, has no leverage, requires constant payment, and is never truly owned due to ongoing property taxes, insurance, and maintenance costs
80% confidenceIdeal multifamily investment is 32 units because vacancy impact is minimized
80% confidenceA house is not something that people should be buying. They should rent.
80% confidenceNearly 50% of Americans are making one big Social Security mistake
80% confidencePeople get emotional about homeownership and ignore the financial downsides
80% confidenceInvestors should own real estate that produces cash flow rather than a primary residence
80% confidence
