Rent versus Owning.
Grant tells you how to get your mental right regarding rental. The bottom line is if your house was producing money and paying you each month you wouldn’t be worried about paying it off.
Learn about multifamily apartment complexes, which is not flipping houses, buying duplexes or shopping centers. These investments will provide positive cash flow and tremendous wealth over a long period of time.
Pick the right property, the right asset in the right location, manage it right and it will provide cash flow and take care of its debt.
Converting the money and equity you have tied up in your house into investments is the long-term play that will produce positive cash flow and appreciation.
A house will have limits on depreciation. It will have limits on your write-offs. It will have limits on being able to get out of it. In fact, it will have limits on almost everything associated with it.
Rent where you live and own where you can rent to others.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.