“Live where you rent. Rent what you own.”
“Live where you rent. Rent what you own.”
I’m sure many of you have heard Grant Cardone say this. I’m curious if anyone has applied it.
My wife and I own investment properties and had our minds set on purchasing our own primary residence before end of 2021. But after we dove into this theory, it has us second-guessing what we want to do.
The evidence is clear that owning your home is a bad “investment.” All expenses, no income. Big liability, not an asset. It’s wiser to take that money we’d use for a down payment and acquire more real estate.
But is everything about money? Even knowing that it doesn’t make fiscal sense to own where you live, is it smart to buy a home because you want a place where you can decorate it how you want to, put holes in the wall where you want to, and not worry about a lease ending every few years?
I understand all of this comes down what my wife and I get aligned on. It’s ALL we’re talking about this weekend 😂
Just curious to see if other investors rent their primary residence and your experiences. TIA 🤞🏽
Most Popular Reply
In my area it's quite a bit cheaper to own than to rent. That's why rental properties make good money. I also want to keep my kids in the same school so I don't move around.
GC is entertaining, but you have to remember he has an agenda.