Investing In Property: Renting Versus Buying A Home

Investing In Property: Renting Versus Buying A Home: Renting Versus Buying A Home Buy or Rent? Renters are often in a predicament as to whether it makes sense to continue renting o...

Renting Versus Buying A Home

Renting Versus Buying A Home

Buy or Rent?

Renters are often in a predicament as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.

Renting – Advantages

Renting can have a few advantages depending on the part of the country you live in. The primary advantage is your monthly rent payment may be less than an equivalent mortgage. A secondary advantage is the fact that maintenance and improvements to the property are the responsibility of the landlord. Still, these advantages pale in comparison to the disadvantages of renting.

Renting – Disadvantages

The disadvantages of renting are significant. If you have any opportunity to purchase a home or condominium, it almost always makes sense to do so.

The biggest disadvantage of renting is the loss of value. Assume you rent a residence for $1,000 a month and you live in the residence for two years. You will have paid a total of $24,000 in rent, a pure expenditure. The $24,000 is simply gone and you will have nothing to show for it other than the time you spent in the home. Compare this to what your landlord has gained.

Rent payments are closely aligned with a landlord’s mortgage payment. Using the above example, lets assume your $1,000 rent exactly equals the mortgage payment. For two years, you have indirectly paid the landlord’s mortgage, helping them build equity in the house by paying down the loan. In addition, the landlord has benefited from the appreciation of the property.

By appreciation, I simply mean the amount of increase in the value of the house. If the rental appreciated $20,000 in two years, the landlord has received a windfall. They may have seen a gain of $24,000 in appreciation and payments lowering the mortgage. As a renter, you have made this all possible. The landlord no doubt would like to thank you.

Now, what would have happened if you had purchased a similar home with similar financial figures? You would have seen an increase in YOUR wealth of $24,000, not the landlord’s wealth. If you renting, these figures should make your teeth grind.

If you are renting, you should be out shopping for your own property. After all, isn’t it time to make your money work for you, not a landlord?

HAPPY INVESTING... 

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There Are Only Two Things You Can Do To Improve Your Life In This World.

 

1. You Can Day Dream And Wish To Win The Lotto!

Keep On Dreaming...

OR...

2. You Can Learn To Follow Proven Steps To Start Investing In Real Estate And Really CHANGE Your Life!

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Most entrepreneurs struggle because they follow the wrong strategy.    

By focusing only on chasing new tactics you’re not going to get where you want to go.

So STOP right now, this very moment… Learn the RIGHT STRATEGY!!!

“What are the mistakes that unsuccessful entrepreneurs make and how can they avoid making the same mistakes”

                                                    The no 1 reason:

They fail because of a lack of business skills and business knowledge on the part of the owner.

All struggling entrepreneurs follow the opportunity seeking model instead of the Wealth Creators model.

The main thing that delivers the difference in results is that successful entrepreneurs are following a different strategy to their unsuccessful counterparts.

And this is crucial, the difference between success and failure lies in the strategy that they’re following.

Why do businesses fail? And what can you do to make sure that this does not happen to you?

                                                                     Fact #1: 

The overwhelming majority of entrepreneurs get the exact opposite of what they were hoping for when they started their business.

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To achieve your business dreams you must eliminate false beliefs and increase your business skills.

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ACT NOW!

 

The Formula For Riches

Why do businesses fail? And what can you do to make sure that this does not happen to you?

Let’s do a quick survey.

What do you really know about business?
• Where did your beliefs about business come from?
• What has your life experience taught you about what business is all about?
• What does owning a business, running a business and operating a business mean to
you?

If you answer only these questions the odds are that you’ll discover you have some false

beliefs about business.
As long as you hold on to those false beliefs, you are going to have a difficult time growing
your business into a successful business and generate the income you desire.
What do most opportunity seekers believe you must do to succeed?
Another interesting outcome of a study that I did was that most entrepreneurs believe all
you need to succeed in business was common sense and determination.

BUT THEY’RE WRONG!
And the price they pay for that one limiting belief is the loss of their business.

It takes UNCOMMON sense to succeed in business and what you have learned in school,

college and university isn’t going to help you at all.

But it doesn't need to be that way, I know that I can help you, if you’re willing to learn the

skills of a Wealth Creator.
You’ll have to operate and act like a Wealth Creator and you’ll need to address the
reasons that caused 90% of all entrepreneurial businesses to fail.
You need to gain the right knowledge and skill sets to turn any business into a successful
business. What can we learn from those two studies?

Fact #1: Entrepreneurs fail, not because they aren’t doing anything, they fail
because they are doing the wrong things.

All struggling entrepreneurs follow the opportunity seeking model instead of the Wealth
Creators model.
The main thing that delivers the difference in results is that successful entrepreneurs are
following a different strategy to their unsuccessful counterparts.
And this is crucial, the difference between success and failure lies in the strategy that
they’re following.

Fact #2: Studies didn’t list a lack of tactics as a cause of failure.
Remember when I showed you the different tactics the gurus are trying to sell in order to
make money on the internet, now you know why they’re not working.
It has nothing to do with your success as a business owner.
The only reason the internet gurus are selling their tactics is to line their own pockets with
your hard earned money.
This is the same reason financial planners sell you investments that they’re not investing in
themselves.
And it’s the same reason why MBA’s tell you how to run your business but they don’t have
successful businesses of their own. (Or if they have a successful business it’s one where
they sell how they can help you.)
As an entrepreneur your business depends on you and you alone.