👉 If you like what you hear in this video, be sure to SUBSCRIBE: are many reasons why renting your home, rather than owning it, is a good idea. In this video, I go over the advantages of renting the property you live in. I also explain why I am both a landlord and tenant, and why I essentially live in my home for free.
Real estate is the best way for the average person to create real wealth for themselves. And that’s because real estate investments operate as very effective profit centers.
When you own a property and have tenants living in it, you enjoy several benefits, including monthly income, appreciation of the property, and amortization.
But when you live in that property, you lose many of those benefits. You no longer receive income from it, and you don’t enjoy the benefit of amortization.
On the other hand, there are many advantages of renting the property you live in. One of the main ones being lower taxes. If I had purchased my home, I’d have had to put down at least 20 percent. Moreover, I’d have a sizable monthly mortgage, plus taxes and insurance.
And that’s an investment that yields no financial return for me. That’s why renting your home makes so much sense.
The advantages of renting are clear -- you get to live in a nicer place for less money. For these reasons, I would be a fool to own the property I’m living in.
Timestamps:
1:02 - The five reasons for owning real estate.
3:42 - Why living in a property you own probably isn’t a good idea.
4:10 - Why renting your home saves you money.
5:12 - How I essentially get to live in my home for free.
💰💰💰 Get 4 FREE stocks from Webull when you open an account using this link 👉 I opened a second account (diversification!) at Robinhood to get more free stock by using this link 👉 Diversify your portfolio with a small investment in the future, cryptocurrency by using what I personally use 👉 name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so to Go FASTER in Your REI Business, watch this OR Text "FAST" to (505) 605-6065
IF YOU THINK THIS VIDEO CAN HELP SOMEONE ELSE, PLEASE SHARE!
Follow and connect with us here for more cool stuff:
Subscribe to the Epic Podcast on iTunes: Epic on Instagram: ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT
support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
Recommended Reading >> bit.ly/32kRpzw
Comments
Post a Comment