15 10 2012
Why You Should Rent To Live And Buy To Invest
Why you should Rent a place to live in and Buy a place for Investment – Did you know that in your Bank’s Accounts “Your House” is placed in “Their Asset Book.” That means that the house you own and live in, is a “Liability.”
Rent Your Home; Don’t Buy It; That Seems A Provocative Thing To Say, Don’t You Think?
From the desk of Colm Dillon …
Hello Colm here …
So Why Do The Majority Of Us Do The Exact Opposite; We Buy & Don’t Rent?
Countless articles have been written over the years on the wealth ‘make up’ of the richest people. While the percentage may vary depending on the individuals leaning, the real estate proportion will vary between 20% to 35%.
Here’s a thought for the day; It’s the basis of this report; It’s one of the Tools you should use to create Wealth; so think about it before moving on!
In The Banks Accounts, Your House Is In “THEIR ASSET Column”
That Must Mean, That In Your Personal Accounts Your Home
“IS A LIABILITY”!
I want you to keep that thought in your ‘open mind’ as you grapple with this new concept. I write these articles to make you THINK and that can sometimes make you uncomfortable.
It’s Hard to Justify Borrowing Money To Buy A