Cardone Capital Weighs in on the Rent-or-Buy Debate

September 19 23:29 2019
Cardone Capital Weighs in on the Rent-or-Buy Debate
Do you think you should own a home or rent? Grant Cardone of Cardone Capital offers his advice.

Aventura, FL – New York Times bestselling author and internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance, Grant Cardone has become a valuable resource for anyone seeking insights on matters involving real estate. As a real estate investor, he is the founder of Cardone Capital, a private equity firm offers funding opportunities to everyday investors in overlooked markets. And when it comes to the much argued debate over whether it’s better to rent or buy your own home, Cardone has some invaluable advice to offer.  

“Most people have been fooled into thinking that their primary goal in life should be to buy their own home. The idea that home ownership is a way to ensure a financially secure retirement seems to be ingrained. Nothing could be further from the truth, and in fact I believe that buying your own home is possibly the worst investment you could make.”

According to Cardone, a home is not an investment because it doesn’t pay you every month. Owning a home has unrecoverable costs that most people don’t think about, such as property tax, maintenance costs, and the cost of capital.

“When you take out a mortgage, you are paying interest, and a lot of it. You’re actually making the banks even richer than they already are. A house is a liability, not an asset. Renting isn’t throwing money away – you’re getting a place to live. A place that you can leave whenever you want, giving you the flexibility to move around as you see fit.

“Invest what money you have in yourself or your business. Become better at your job, or improve your skill set. Your money needs to work for you, not the other way around. But don’t concentrate on your savings; figure out the best way to increase your income.”

Cardone suggests that people should only think about investing once they have enough money to do so. But investing in a house doesn’t make anyone rich; it’s important to look for an investment that doesn’t cost money, such as real estate investment.

Cardone Capital has over 30 years of experience with income-producing housing in high-growth markets. It provides an easy investment process for everyday investors since the company finds the deals, negotiates the purchase and financing, and closes the transaction. Investors get paid on a monthly basis and start to see a cash flow within 30 to 90 days.

“Put your money to work for you, rather than watching it sink into oblivion through home ownership. Multifamily real estate investing is the way to financial prosperity.”

For more information about multifamily real estate investing, visit www.CardoneCapital.com and click on Schedule a Call.

About Cardone Capital

On a mission to identify, acquire, and manage income-producing properties in quality grade locations, Cardone Capital provides opportunities for both accredited and non-accredited investors to preserve capital investments and collect consistent cash distributions, while providing future capital appreciation of the assets.

Cardone Capital’s portfolio currently consists of over 6,200 units with a total value of over $1.3 billion, and has plans to expand 10x over the next five years.

To find out more, visit the website at https://cardonecapital.com/

Our offerings under Rule 506(c) are for accredited investors only.

FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.

For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at https://cardonecapital/offering-1.

Media Contact
Company Name: Cardone Capital
Contact Person: Brian H. Robb, MBA, MSc., Chief Marketing Officer
Email: Send Email
Phone: +1-833-822-7435
Country: United States
Website: https://cardonecapital.com/

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