Grant Cardone Advises Against Owning a Home as an Investment: Is Real Estate Worth It?

Real estate mogul Grant Cardone warns against buying a home as an investment, citing lack of cash flow, tax benefits, and ownership. Hidden expenses of homeownership average $18,118 yearly. Cardone advises renting and investing in income-producing real estate. Retail and essential properties like grocery stores offer stable income streams. First National Realty Partners allows accredited investors to own shares in properties leased by national brands with a minimum investment of $50,000. Apartments provide consistent cash flow and resilience during economic changes. Despite high home prices, more Americans are turning to renting, driving demand and keeping occupancy rates high. Real estate investment platforms like Fundrise make it accessible for everyday investors to enter the apartment market. Farmland is also a compelling long-term investment due to consistent demand for food. U.S. farmland values have steadily climbed, making it a resilient asset. Publicly traded REITs like Gladstone Land and Farmland Partners offer exposure to the farmland sector. For those looking to invest in U.S. farmland, FarmTogether is an all-in-one platform that allows qualified investors to buy stakes in agricultural properties. Depending on the type of stake, investors can receive a cut from leasing fees and crop sales, as well as benefit from appreciation of the land and profits from its sale. 1. A new study reveals that the global economy is expected to grow by 6% in 2021, fueled by the rapid rollout of COVID-19 vaccines. This growth projection surpasses previous estimates and signals a faster recovery from the pandemic-induced recession.

2. In response to rising demand, OPEC+ has agreed to gradually increase oil production by 2 million barrels per day between May and July. This decision comes as oil prices continue to climb, with Brent crude reaching $64 per barrel.

3. The European Union has announced plans to introduce a digital vaccine passport by summer to facilitate travel within the region. The passport will provide proof of vaccination, testing, or recovery from COVID-19, allowing for easier movement between member states.

4. Tesla has invested $1.5 billion in Bitcoin and plans to accept the cryptocurrency as payment for its products in the near future. This move has sparked a surge in Bitcoin’s value, reaching a record high of over $44,000 per coin.

5. Amazon founder Jeff Bezos has announced his plans to step down as CEO later this year, transitioning to the role of executive chairman. Andy Jassy, the current head of Amazon Web Services, will take over as CEO, marking a significant leadership change for the tech giant.

Read more at Yahoo Finance: Grant Cardone says owning a home is a ‘terrible investment’