1.2 Billion Dollar Real Estate Investor: "Buying your house is the dumbest investment you can make"

[Majestic]

The white middle class was built off owning homes and property. Now all of a sudden they got all this advice for nikkas
Hey do what's best for you.

It's a different era now. You see the house prices in New york, Washington and Cali? Maybe in those places it's not worth buying there. Any where else his statement is bullshyt.

 

[Ya' Cousin Cleon]

I guarantee this bloodsucking cac has put many many many people on the street.

 

[CreepyMcCreeperson]

I live in a house for FREE, because it’s been in my family for 3 generations, and my sister didn’t think it was big enough for 2 kids. The school system is terrible too. But the point is, I can now purchase another home as an investment, thanks to my family OWNING this home, which is 10 minutes from the BEACH!



There are now million dollar condos on the boardwalk.

 

[Quarquar]

Grant's whole argument is from a wealth building and investment perspective. I agree. He doesn't believe someone should buy personal real estate when they can use that same downpayment to house hack or build a secondary stream of income, along with they're W2 job, then use the income from your investments to buy a home. It will take a lot longer but it is worth it. That's how I did things but everyone has different circumstances they're working with.

 

[broller]

So why does he own properties?

 

[Let A Fro Be A Fro]

So why does he own properties?

He owns the properties so you don't have to

 

[Clayton Endicott]

This comment



“Don’t buy a house guys, just rent one of my properties”

-Grant

/Thread. That's all he wants. Plus he wants to finesse folks out of tens of thousands of dollars for his "boot camps" for "insider secrets" that you can learn online or at the library for free

 

[TDUBB]

I’m more of a fan of David Ramsey. He preaches the exact opposite.

I don’t really trust Cardone.

 

[TrebleMan]

House hacking > paying lifetime on a single home.

Edit: especially if you know how to fix basic shyt on your own.

 

[Quarquar]

/Thread. That's all he wants. Plus he wants to finesse folks out of tens of thousands of dollars for his "boot camps" for "insider secrets" that you can learn online or at the library for free

Cardone has hours upon hours of free content out there. You don't have to pay for shyt. If you are truly about building wealth, buying a single family residence in your 20s or 30s is beyond dumb. Folks don't take into account the true price of homeownership. With the downpayment, you can actually invest in income producing assets which will pay you for life whereas that single family you bought will never ever pay you a single dollar.

 

[Quarquar]

House hacking > paying lifetime on a single home.

Thank you! Someone else who gets it

 

[MaxBundles]

Of course he'll say some dumb shyt like this in a "black" platform

 

[AlainLocke]

So why does he own properties?

He doesn't personally own them, his company does.

He rents to himself.

 

[Jack Trippa 3z company ho]

Y’all are missing the point. He’s not advocating against owning investment properties (rentals that generate passive income). He’s against home ownership as an investment. Instead of getting a loan for your house, get a property and have it generating income for you, and continually reinvest and acquire more properties. That’s your retirement and mailbox money.

Makes a lot of sense.

 

[Quarquar]

Y’all are missing the point. He’s not advocating against owning investment properties (rentals that generate passive income). He’s against home ownership as an investment. Instead of getting a loan for your house, get a property and have it generating income for you, and continually reinvest and acquire more properties. That’s your retirement and mailbox money.

Makes a lot of sense.

A lot of these financially illiterate brehs exposing themselves in here