![\"Rich](\"https:\/\/speedhome.com\/blog\/wp-content\/uploads\/2021\/08\/In_Article_Banner_Left_E-1-1024x257.png)
<\/figure><\/div>\n\n\n\n
Home-Ownership Can Be Risky<\/h2>\n\n\n\n
Not only are there many investments that can outperform homeownership, but they are also far easier to liquidate. For example, the downpayment you would have to spend on a home would be just as well spent on 10 year Treasury bonds. Buying a home can be somewhat risky as well as evidenced by the 2008 mortgage crisis. There is no guarantee that house prices will continue to go up.
<\/p>\n\n\n\n
Buying To Rent<\/h2>\n\n\n\n
Buying a house for your own may not be as good an investment, however, buying property for rental income can be a good investment. Consider this: an RM800,000 rental property can be acquired with 25 per cent down or RM200,000. This means you get four times the leverage for your ringgit when you invest in a rental property as opposed to using that money to buy a home. You\u2019ll find very few other investments with that kind of potential. Long story short; rich people don\u2019t get rich buying homes in which to live, they get rich making investments.
<\/p>\n\n\n\n
Flexibility<\/h2>\n\n\n\n
Renting allows people to still be mobile and not tied down to one location as you would if you were to buy a house you are living in. Especially in this day and age with an ever-evolving job market, the wealthy would rather have the flexibility to move to take advantage of new opportunities when it presents itself.
<\/p>\n\n\n\n
A House is an Expense; Not an Asset<\/h2>\n\n\n\n
The mindset that rich people have is to have investments that increase cash flow. Unless you rent a house out for profit, then that is a good investment. Businesses that you own, but do not manage or work in, can give you great cash flow. Stocks paying dividends can do that. Loans, where you collect payments and interest, can do that. <\/p>\n\n\n\n
Websites, vending machines – anything that produces cash for you can be an investment. Also, a house is a pile of repairs made, about to be made, or should be made in a few years. Homeowners are responsible for every little thing. <\/p>\n\n\n\n
On top of that, since you live in the house you have likely renovated or done a bunch of landscaping to create your ideal living space. 9 times out of 10 none of these renovations add any real value to the house, and you have spent thousands.
<\/p>\n\n\n\n
![\"\"](\"https:\/\/speedhome.com\/blog\/wp-content\/uploads\/2021\/08\/In_Article_Banner_Left_D-1024x257.png)
<\/figure><\/div>\n\n\n\n
Living in an Expensive Area<\/h2>\n\n\n\n
Another common reason that rich people prefer to rent is simply that they live in an expensive place and are very mobile. So they may rent a place in New York City, London, and San Francisco to live in because it\u2019s much cheaper than buying.<\/p>\n\n\n\n
Since they have cash-flowing real estate and other\ninvestments to live off of, they know the difference between a property that is\nan expense and an income property.<\/p>\n\n\n\n
If you are still keen to buy a home as an investment, the best way to maximize your returns is to rent out the property for rental income. The process is now even easier with SPEEDHOME dot com. Why? A few simple reasons:
<\/p>\n\n\n\n
Quality Tenants<\/h2>\n\n\n\n
Isn\u2019t it tiring to have defaulting tenants that cause many issues? With late rental payments and multiple figures worth of property damage, you\u2019re starting to think that it’s high time you stop. But luckily, through SPEEDHOME, we run a thorough background check on all the tenants. <\/p>\n\n\n\n
We also undertake CCRIS & RAMCI credit checks to ensure that you get a good paymaster every time. Instead of having an agent who will be the middle-person between you and your potential tenant, we have a chat system on our website and app. <\/p>\n\n\n\n
This chat system will enable your potentials tenant to inquire more about the property that you\u2019re renting out. This way, you will be able to have more control over the conversations that you have with your potential tenants. You will be able to get to know them more and fish out your candidates without having to actually meet them.
<\/p>\n\n\n\n
![\"Rich](\"https:\/\/speedhome.com\/blog\/wp-content\/uploads\/2021\/08\/In_Article_Banner_Left_B-1024x257.png)
<\/figure><\/div>\n\n\n\n
SPEEDHOME rental protection Partnership<\/h2>\n\n\n\n
For landlords, SPEEDHOME is useful because it combines tenant screening, direct communication, digital tenancy documentation, and rental protection for eligible transactions. That is stronger than relying on a cash deposit alone, but it still depends on proper documentation and current product terms.<\/p>\n\n\n\n
Ultimately, if you are not buying a house as an investment, there is only one reason to buy a home: because it makes you happy. It\u2019s totally fine to buy the idea that a home will make you feel safe. Just know that you are paying a premium to make yourself content, even if it often doesn\u2019t make financial sense. After all, you can\u2019t put a price on happiness.<\/p>\n\n\n\n
Now over to you. Renting has never been any easier. With SPEEDHOME you can now rent anywhere with Zero Deposit.
<\/p>\n\n\n\n