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 love Grant Cardone but I did things a little differently…

Name: I love Grant Cardone but I did things a little differently…
Uploaded: 2026-02-27T03:45:19+00:00
Duration: 1 min 10 s
Channel: Hannah Hammond
Description: In this short YouTube commentary, Grant Cardone advises young people to avoid buying a primary residence until they become very wealthy, recommending…

27 Feb 2026 · 1 min

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1:10

In this short YouTube commentary, Grant Cardone advises young people to avoid buying a primary residence until they become very wealthy, recommending they rent and redirect the money that would have gone toward a mortgage into personal development, business ventures, and cash‑flowing real‑estate investments. Speaker A acknowledges agreement with Cardone’s principle of leveraging money for income‑producing assets but shares a personal counter‑example: at age 18, after earning a real‑estate commission, they purchased a starter home to live in, took advantage of low interest rates and favorable financing, renovated the property, lived there for two years, and sold it five years later, realizing a $250,000 capital gain that was tax‑exempt as a primary residence. The speaker argues that this approach also yielded financial benefits without regret, illustrating an alternative to pure renting while still emphasizing investment in assets.

Chapters

My advice to all young people, never buy ever till you're super wealthy, then you buy a home. Till then, invest in yourself, invest in your business and invest in real estate to 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, 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, and then I was able to also renovate it, live in it for two years, and then when I sold it after five years later, I didn't actually have to pay any capital gains tax on that $250,000 of capital gain that I had.