“Live where you rent. Rent what you own.”

[Juan V Lopez]

“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 🤞🏽

[Eric James]

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.