The Progressive Property Podcast Do NOT Rent Your Own Home (Here's Why) | Rob Moore
https://bit.ly/BTLReport-POD
A special episode by co-founder of Progressive Property Rob Moore. Rob talks all about whether it is right to rent your own property or buy your own home. He also warns against the advice of so-called American gurus and discusses the pros and cons to owning your own home.
KEY TAKEAWAYS
- It’s important to do your own due diligence in your country and market. In the UK buying your own home is almost always the best option.
- If you are in the position to buy your own home then you should do it!
- There’s much more stability in owning your own home.
- Owning your own home means you are earning money whilst you simply live in your house.
- One of the few things that is inflation-proof right now is housing, inflation pays your mortgage whilst the value of cash depletes.
- When you rent, the landlord gets all the benefits, not you.
BEST MOMENTS
“This is a topic that gets a lot of heated debate across the internet”
“If you buy your own home you have security”
“Safety nets can be really bad for your hustle, for your desire and ability to go out there and make things happen”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/