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Investing in Real Estate with Clayton Morris | Investing for Beginners

711: Q&A: Should I Buy or Rent a Home? - Episode 711

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 8 February 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

My general advice is to rent the home you live in. But what about using the equity in your primary residence to buy rental properties? Today we're going to walk through the pros and cons of owning your home.

On this episode of Investing in Real Estate, I'm answering three listener questions about owning vs. renting, using business credit, and how to best utilize your savings when investing in real estate. If you want to learn more about real estate investing, this episode is for you!

Transcript

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0:00.0

Welcome into the Investing in Real Estate Show. I'm Clayton Morris. So glad to have you here.

0:09.8

This is the show where we helped make you a more intelligent real estate investor, no matter where

0:14.8

you are in your journey at the beginning or more advanced.

0:18.6

Today is our Q&A episode where we answer three questions from three of you

0:22.8

with finance real estate related questions,

0:25.0

it doesn't matter.

0:26.3

We will do, my attempt to try to answer those questions

0:29.2

to the best of my ability.

0:30.2

You can ask me a question if you'd like

0:32.4

by going to our website.

0:34.0

Just go to Morris Invest.com slash Clayton.

0:37.0

Go to Morris Invest.com slash Clayton

0:40.0

and there you will leave us a 30 second voicemail message.

0:43.2

Okay, so our first message today is from Jordan.

0:46.7

Take it away, Jordan.

0:48.3

Hi, Clayton.

0:49.3

Jordan here from Pensacola, Florida.

0:51.7

Got a question for you about owning a home versus renting.

0:56.3

I've heard you say several times that owning a home is not ideal because it's not a performing asset and that you should

1:06.9

have the rental properties that you own pay for your your place to stay. I question you is this is it not the best way to

1:17.0

live in a place is to actually own that home and involve a line of credit like a helock so that you can buy more rentals as opposed to

1:27.5

only renting and never really having any equity in a property therefore not being able to

...

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