There is always conflicting advice about whether it’s smarter to rent or buy. Some say renting is like throwing money down the drain when you could be building equity in your own home. Others argue there are better ways to invest your cash, and you’re giving up valuable flexibility.
I believe whole-heartedly that you can make a ton of money in just about any niche in real estate, but let’s be real—the way most people invest is hardly passive at all.
If you’re reading this sentence, odds are you’re the hungry, ambitious entrepreneur who will see a million dollars in the next few years (if you haven’t already.) And if you are (you are), then you’ve probably heard of TED Talks, the inspirational—and insanely popular—short-form conference-style videos that range across all sorts of topics and all fall under 18 minutes in length.
Short term, Airbnb-style rentals may be popular, but that doesn’t make them a sustainable real estate investment strategy. Airbnb may wind up winning the legal battle for short-term rental landlords in many areas. Still, that won’t ensure the sustainability of this strategy for buy and hold or retirement investing. The high rents may be alluring to investors, and the destinations…
Everyone has dreams, right? You might have outgrown that tiny cubicle of yours. You might have just gotten out of college. And you want more to life. You want to do more with your life besides work to death for a living. You want to start your own company. Become an entrepreneur, a creator, not a consumer.