Renting vs. Buying a Home: The 5% Rule

Please note that while this content is broadly applicable, it was originally intended for a Canadian audience. You can't compare rent to a mortgage payment. This way of thinking about the rent versus buy decision is extremely flawed. Comparing a mortgage payment to rent is not an apples to apples...

Intermediate - 11 min - Money & Business - Ben Felix

The full course: Learn Real Estate free

What you'll need

• Lockbox: Show homes without waiting around.
• Laser measure: Accurate room sizes for listings.
• Phone tripod with remote: Steady overhead and product shots.

Books

1. The Millionaire Real Estate Agent by Gary Keller - View on Amazon
2. The Book on Rental Property Investing by Brandon Turner - View on Amazon
3. Real Estate License Exams For Dummies by John A. Yoegel - View on Amazon
4. Essentials of real estate economics by Dennis J. McKenzie - View on Amazon
5. The millionaire real estate investor by Gary Keller - View on Amazon
6. Real estate finance & investments by Peter Linneman - View on Amazon

Next lessons

• Renting vs. Buying a Home: What People Get Wrong (19 min, Ben Felix, Intermediate)
• Be Your Own Landlord: 3 Unique Strategies! (34 min, Mark J Kohler, Intermediate)
• 4 Rentals by 40: The Strategy That Will Change Your Life (29 min, BiggerPockets, Intermediate)
• Gentrification, FIRE, And The Ethics Of Being A Landlord (63 min, The Financial Diet, Intermediate)
• 7 Rentals in 2 Years by Buying in a Market Everyone Ignores (32 min, BiggerPockets, Intermediate)
• How to Become a Millionaire Through Real Estate (Start from ZERO) (36 min, BiggerPockets, Beginner)
• How to Buy 5 Rental Properties in Just 5 Years (23 min, BiggerPockets, Intermediate)
• I Bought 6 Rentals, It Was “Enough,” So I Retired (32 min, BiggerPockets, Intermediate)