Buying a House is Not an Investment – Grant Cardone

The 4 horseman of products that keep the middle class in prison: 401K, home, credit cards, and college. How can a house be an investment? It produces no money. Investments produce money. People have a dream of getting a doormat that says “The Johnsons” and owning a home for 30 years. Assets pay you—liabilities are thing you pay for. A house is a liability. When you buy a home you pay for the following: Property taxes, Property insurance, Maintenance, and HOA Fees. The expenses are funded by the owner, not the income. Over the past 50 years, a home has returned 1% when adjusting for the rate of inflation. Get involved in multi-family real estate if you want to own a real asset.

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30 comments on “Buying a House is Not an Investment – Grant Cardone

  1. Wolf of Insurance Post author

    2 haters that viewed this have lost the passion for hustling hard. Here is a guy that is literally showing you 90% insight into how he makes a lot of money and how to start doing it. Nothing said about getting rich easy or quick or smoke and mirrors to get you to buy into a scheme, just information for you to either take and use or to hate on. Either way as long as your one of those two and not someone who just kept flipping thru YouTube channels, then this episode was a hit. Best mentor in the game.

    Reply
    1. cameron thompson Post author

      he’s gone into that topic, and he said there isn’t enough money in flipping, well for him there isn’t. you can make lots flipping.

      Reply
  2. William Trigoso Post author

    Thank You Grant Cardone to take the time on Monday to do this. It means a lot to me because I am a Realtor Investor #YoungHustler. Thank you Robert and Ryan! You guys rock!

    Reply
  3. Marcelo Angel Post author

    It would be good if you guys find a way to pre screen the calls before they go live, I find 5 minutes of Grant talking giving information, teaching, so Valuable that it sucks when he has to waste 5 mins of the show talking to people who are calling to waste his time.

    Thank you so much for doing this, watching this is better and more productive than going to college .

    Reply
  4. LaRon Stewart Post author

    It all depends on location. I think Grant is speaking way too general. I’ve seen homes in urban areas that were bought for $10k 30 years ago that are selling for $400k+ plus. Its all about knowing the properties background and the long term plans for said property in said area.

    Reply
  5. MrApplewine Post author

    31:00 Leasing a car is better? I would think buying a used car would be the best deal.

    Reply
  6. David S Post author

    Grants calculation on Ryan’s rent for 10 years is wrong. In 5 years alone Ryan’s rent will be in the 3,000 a month range and in 10 years it will be in 4,000 a month range. Rents change every time you re sign a lease. Could go up or down but 90% of the time they go up with real estate conditions and based on surrounding properties

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  7. Mark Twain Post author

    If ((Annual_rent * 15 ) < house_price) { Rent the house } else Buy the house without mortgage.

    Reply
  8. Mike Quiroga Post author

    Grant makes a different example no condo and actual home with low special assessments and taxes im 19 and I have 40k to buy a home for my parents do you have a deal for me let me know i am planning to rent this one out in a few years

    Reply
  9. Reecie H Post author

    I love your sense of humor and practical real estate wisdom! You are a great contributor to my true investment education. Godspeed!

    Reply

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