/biz/ - Business & Finance

>>15713882
>If you're financially literate like you say you should understand a concept called opportunity cost.
>At the end if the day, if the property you have is being lived in instead of being rented out, it's a liability, not an asset.
Yes Anon! You're getting it!
Well...almost.
You're still thinking too small picture when you say "if the property you have is being lived in instead of being rented out, it's a liability, not an asset."
it is not the act of "living in" the property yourself that deems it a liability; a property is only a liability if it is not generating you income...if it is not CASH FLOW POSITIVE.

i have "lived in" every property that i own. i have also had tenants and/or airbnb in each of those properties whilst living there. what matters is that at the end of each month, i have a net positive cash flow after i collect gibs from tenants/airbnb and pay the mortgage, if the property has one.

protpip: the essence of asset vs. liability isn't a noun (i.e. car = liablity; business = asset), it's a verb (i.e. is this car/house/business MAKING me money after expenses paid [asset] or LOSING me money [liability])

>>14117540
>Morgen
Haven't listen in ages. Thanks anon.
>>14117551
>most cases
You are free to explore the dephts, but not everybody survives psychosis. Risk management anon.