The Money Podcast Do Not Rent Your Home...Here's Why
Rob outlines the reasons you should never rent out your own home and issues a warning about American influencers giving out bad advice.
KEY TAKEAWAYS
- Rents are really high right now, owning your own home is almost always the best option.
- Renting is not stable, owning your own home offers you stability, you aren’t at high risk of being evicted.
- There’s no tax breaks for renting.
- You can get a mortgage and play the banks at their own game, it can work for you regardless of your background and financial history.
- When you rent, it is all dead money, when you buy only some of it is.
- Long term, house prices always increase in the UK so it is always a better investment to buy.
BEST MOMENTS
“I reckon that could cost you £1.6 million over 6 years”
“It is all dead money”
“The maths will shock you”
“Your past does not have to dictate your future”
“Get creative about making your deposit”
“If you think you can or you think you can’t you’re probably right”
VALUABLE RESOURCES
bit.ly/Robsupporter
rob.team
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
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