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RE: [dtube] Why I'm Renting Instead of Buying a House | Renting VS Buying Discussion

in #life7 years ago (edited)

As someone that has done Mortgages the last fourteen years and has a lot of experience in helping people in and out of different markets, I would say it 100% depends on your set goals in the short and long. You can buy a primary residence and hold it for 2 years to avoid capital gains and sell it at a profit OR do the homework up front and know the market rental price and turn it into a rental.

Depending on market conditions and how much longer you think a market is going to climb, you can buy another primary home(which is always a cheaper interest rate) every two years or decide to rent and wait the next drop if prices are peaking. Either way Louis a 2 year hold and making money in real estate ON TOP of crypto is also a good play. You just need to know how to play it.. By the way, coming from California.

That's my advice to you buddy. Most Millionaires make their start in Real Estate..