Today’s first caller asked a popular question. If you’re looking to move out of your primary residence, is it a good idea to rent it out? Or is it better to cut ties completely and sell the property? On this Q&A episode, I’m giving my take on this common dilemma!
This episode feature three of your great real estate questions. We’re going to cover topics like renting out your primary home, using gold and silver to buy real estate, and what to consider about buying real estate in this economy. Click play to hear my answers to your real estate questions!
On this episode you’ll learn:
- What to consider before you rent out your primary residence.
- Tips for buying real estate with gold and silver.
- Why it’s always a good time to buy real estate.
What to Consider Before You Rent Out Your Primary Residence
I’m not a financial advisor, but I would always say that the numbers come first. Do the numbers make sense on this property as a rental? Can you receive a high ROI? Many people get emotionally tied to their primary home, so be sure to take the emotion out of the equation. It may make more sense to sell, make a profit, and buy multiple investments. I would make sure that it’s actually a solid investment before converting it into a rental.
Tips for Buying Real Estate with Gold & Silver
There are ways to buy real estate by borrowing against your gold and silver. Most companies will allow you to create loans against your gold positions so you don’t have to sell your assets. Reach out to the company that is holding your gold, or check out Lear Capital for more information. Gold and silver are projected to see record numbers, so definitely pursue your options.
Why It’s Always a Good Time To Buy Real Estate
No one can predict the future of the market, but to me, it’s always a good time to buy real estate. This is because in the long term, it’s time in the market that matters. Personally I don’t want my money sitting in US dollars. I prefer to own tangible assets like rental properties in the in the best rental markets. I would encourage you to do your market research and just be sure that you’re investing in recession resistant markets.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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