ilmscore | Buy a House vs. Rent & Buy a Rental Property Instead? (Full Math)

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
Home ownership in an expensive market like LA is predicted to be financially superior to renting over a 10-year period, assuming at least 2% annual appreciation.
"Melvin's home would have to appreciate just 2% per year to cover that $17,000 in difference that's a very reasonable bet... if you're going to hold on to this property for 10 years or so I think it's pretty safe to assume that you are going to come out ahead in terms of living expenses"
Home Ownership vs. Renting
Pending
Rental property cash flow is predicted to increase over time as rents rise while debt payments remain fixed.
"the cash flow is going to be going up because rents increase over time as your debt stays fixed"
Rental Property Cash Flow Growth
Pending
Real estate properties in Indianapolis are predicted to appreciate by more than 2% per year, and rents will also increase.
"Indianapolis is a good growing Market rents are probably going to go up this property is actually probably going to appreciate more than the 2% per year that I underwrote it at"
Indianapolis Real Estate Market
Pending
Southern California real estate appreciation rates are predicted to soon catch up to those of Northern and Central California.
"I don't think it will be long before Southern California catches up"
Southern California Real Estate Market
Pending
Homeowners who hold their property for 10 or more years are predicted to come out ahead financially in terms of living expenses compared to renting.
"if you're going to hold on to this property for 10 years or so I think it's pretty safe to assume that you are going to come out ahead in terms of living expenses"
Homeownership Financial Outcome
Pending
Investing savings into out-of-state rental properties (as described in the video) for 10 to 15 years is predicted to result in a portfolio of multiple cash-flowing rental properties.
"If you did this for 10 or 15 years you would have a portfolio of multiple rental properties that are throwing off cash"
Real Estate Investment Portfolio Growth
Pending
Cash flow from rental properties is predicted to increase over time as rents rise while debt payments remain fixed.
"the cash flow is going to be going up because rents increase over time as your debt stays fixed"
Rental Property Cash Flow
Pending
The example Indianapolis investment property is predicted to appreciate by more than 2% per year.
"this property is actually probably going to appreciate more than the 2% per year that I underwrote it at"
Real Estate Appreciation (Indianapolis)
Pending
Property prices are predicted to increase in the near future.
"I think property prices are going to go up"
General Property Prices
Pending
Southern California's real estate market is predicted to soon catch up in appreciation with Northern and Central California markets.
"I don't think it will be long before Southern California catches up"
Southern California Real Estate Market
Pending