Read? Renting a home can be a savvy decision
Quote : "I looked to investment guru Robert Kiyosaki's Rich Dad Poor Dad blog, in which he wrote: "Repeat after me, your house is not an asset."
His line of thinking is that it matters little how much a property appreciates in price. What matters more is "whether it provides cash flow every month".
"The key is to make your money on the buy, not the sell," he said, so that one does not have to worry about whether the asset value goes up. Cash flow from a house would therefore come from the rent. So if you live in your own house, it cannot be considered an asset."
CW8888: How about holding a few stocks on good buy for cash flow and does not have to worry about the asset value up or down?
Fact or Fiction : The key is to make your money on the buy, not the sell ......
