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The Real Estate Investing Rule To Follow: Rent Luxury, Buy Utility
By reinvestor on July 7, 2017
One of the key takeaways from going through the pros and cons of selling my rental house is a concept I’d like to introduce to all real estate investors: Rent Luxury, Buy Utility (RLBU). Let me explain the importance of this rule using my example.
Part of the reason why I bought a smaller house in 2014 was because I wasn’t willing to rent my own house for the market price at that time of ~$8,500/month. The price to rent my house had grown from about $5,000/month when I first bought it in 2005.
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