The number one mistake for millennials is NOT buying a home???? Wrong. You don't need a home, you need cash flow. Never ever buy a house. It's not a dream, it's a death trap. It doesn't multiply your money!
David Bach recently came out with advice for all millennials:
1)Do a 15 year mortage
3)Brown Bag your lunch every day
This advice is terrible if you want to get super wealthy. Instead, get into multi-family real estate investing. You need more than one door. Homes only go up in value with the neighborhood around it, and most homes don't give you a good exit plan. If you want a more sure investment, you want many doors and cash flow!
Watch the full show to get ALL the reasons why a home is not a good deal.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.