Buying vs Renting: WHICH ONE Will Make You RICHER?
~~~OVERVIEW~~~
In this video, I'm going to show you exactly why buying a house will make you richer than renting a house.
I'll show you all of the costs involved with each scenario and compare them side by side using a spreadsheet I made in Excel.
The best part? You can download this spreadsheet yourself so you can plug in your own numbers and decide whether buying or renting is right for you.
To claim your FREE spreadsheet, all you have to do is:
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3. Visit this link to claim your download (required): https://www.briandean.com/buy-vs-rent...
~~~FAQ~~~
Throughout the video, I'll answer the following questions:
Given everything that's going on right now, is it better to buy or to rent a home?
How much does it cost to buy a home?
What are the upfront costs of buying a home?
What is a down payment?
Who is Brian Dean and why is he so knowledgeable and handsome?
What are closing costs?
What is the monthly cost of buying a home?
What is a mortgage payment?
How much is property taxes?
How much is homeowner insurance?
What is private mortgage insurance?
How much is private mortgage insurance?
How much of a mortgage goes towards principal and equity?
How much does it cost to rent a home?
What are the upfront costs of renting a home?
What is a security deposit?
How much is a security deposit?
What are the assumptions between buying and renting a home?
Why is buying a home better than renting?
When is renting a home better than buying?
How do you calculate the difference between buying and renting a home?
~~~TIMESTAMPS~~~
00:00 Sneak Peak
00:13 Video Overview
01:32 Costs of Buying a Home
01:58 Down Payment
02:27 Closing Costs
03:06 Recurring Costs
07:34 Costs of Renting a Home
08:10 Security Deposit
08:34 Comparison of Buying vs Renting
09:09 Assumptions Used
10:06 Calculation of Buying vs Renting
11:02 Conclusion and Rationale
12:04 Skip Here if You're Short on Time