Hannah HammondFounder & CEO, HB Capital & The Firm RE · CEO of HB Capital | Helping CRE Developers & Investors Fund Deals Nationwide | Host of The Hannah Hammond Show

I Agree With @GrantCardone On This One, But I Did Do It Differently And It Actually Worked Out

Name: I Agree With @GrantCardone On This One, But I Did Do It Differently And It Actually Worked Out
Uploaded: 2026-04-23T02:33:28+00:00
Duration: 1 min 10 s
Channel: Hannah Hammond
Description: In this short YouTube segment, Speaker A (quoting Grant Cardone) advises young people to avoid buying a home until they become very wealthy, recommending…

23 Apr 2026 · 1 min

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1:10

In this short YouTube segment, Speaker A (quoting Grant Cardone) advises young people to avoid buying a home until they become very wealthy, recommending they rent and redirect mortgage‑saving funds into personal development, business ventures, and cash‑flowing real estate investments. Hannah Hammond acknowledges Grant’s point but shares her own experience: at 18 she sold a piece of real estate, used the commission to purchase a starter home, lived in it while renovating, leveraged a low‑interest, long‑amortization loan, and after five years sold the property for a $250,000 gain that qualified for the primary‑residence capital‑gains exclusion, resulting in no tax liability. She frames her approach as a hybrid—using homeownership as both a place to live and an investment vehicle—contrasting it with the pure‑rent strategy advocated by Grant.

Chapters

My advice to all young people: never buy a home ever until you're super wealthy. Then you buy a home. Till then, invest in yourself, invest in your business, and invest in real estate that cash flows. Now the audience is going to say, but where am I going to live? You're going to rent. You're going to rent where you live and you're going to take the money that you would normally use to buy a house and you're going to use that to build yourself, build your business, or invest in other real estate that pays you income.
I agree with Grant in this video. However, I did it a bit differently and I don't regret it. So Grant is saying to not buy a home ever until you're super, super wealthy and to just rent and use that money that you're going to save to buy buy a home to invest in yourself, in your business, and in assets, other real estate assets that are actually going to put money in your pocket. However, when I was getting started at 18 years old, I sold a piece of real estate and I took that commission check and I did use it to buy my own home. One, because I did need a place to live, but two, I bought the home as an investment. I still moved into it, but I was able to take advantage of a lower interest rate, a longer-term amortization, and an easier financing process to be able to buy this property And then I was able to also renovate it, live in it for 2 years. And then when I sold it after 5 years later, I didn't actually have to pay any capital gains tax on that $250,000 of capital gain that I had.