Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! | BP Podcast 250
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- čas přidán 5. 08. 2024
- biggerpockets.com/show250
[explicit]
It’s the episode you’ve been waiting for: Grant Cardone is BACK on the BiggerPockets Podcast! Last time Grant was on the show he owned $350 million in real estate. Now, with over $600 million, he's just warming up! From the moment this show begins, it’s a high-powered, fast-moving, high-level (and hilarious) explosion of information and entertainment aimed to motivate, educate, and inspire you to greatness. You’ll hear why Grant thinks buying a house is one of the stupidest decisions one can make, his plan for avoiding the next real estate decline, and why he says NOW is the best time to invest in real estate-plus a lot more.
Check the show notes here: www.biggerpockets.com/renewsb...
Bigger Pockets to me is like a free university degree. Don’t waste your hard earned money on expensive programs. Thank you bigger pockets
Agree
Man thanks for your advise ,Honest✔️👍
Invest in real estate! Start with something you can wrap your head around, but get started ASAP! The learning starts after you buy your first deal.
Home loans will always be here no matter what Grant says. I like Grant, the guy gives good advice, but coming from a guy that moved his entire life as a kid, lived in tons of apartments, I'd rather have a house any day. You can't beat a house, I don't care what logic you use. At some point in time you get tired of neighbors being close to you, foot steps above your head, hearing neighbors argue through the night, etc. Nothing like having your own land with your own home as an adult.
Robert Gray Logic is that a house is not an investment. I pay $500/mo for my apartment and don’t have to worry about anything. My friends in the military, on the other hand, are buying houses and paying $500/mo in taxes alone. Why? Because “house prices always go up.” Also, you do not own “your” land...ever. You can lose your $200,000 house for something as little as an HOA dispute or failing to pay $1,000 in taxes.
Exactly. Grant has tons of gems and good points. But fact, people will always want and need a place they can call home. One thing to take from history that no billionaire can disprove is, people are creature of habit. People will always want to settle for comfort and security.
+serie26 haha I just sold my $150k house (paid off in 10 years) to move for work. I'm renting for the moment, and just looking at my bank account balance--I'm so glad I didn't listen to idiots like you 10 years ago. Owning a house really isn't that expensive when you compare to how expensive it is to rent.
Highly agree with this! Also if you need to sell... there are way more buyers for homes than there are for apartment complex
Can't rent a farm and homestead.
4 years ago Brandon was into single family houses, and now has more than 2000 doors. Amazing!
" Don't look to buy Real Estate when you're hungry"...Priceless
Love this interview. I'm a huge Cardone fan tho I understand those who are not. I think it's all about what you personally want. He has the perfect wife for his lifestyle. He picked someone to be his spouse that was truly on the same page as him! That alone has allowed him to make moves that alot of ppl can't. He has even said in other interviews he couldn't do as much if he'd picked a different person. Make sure you have the right partner, not just in business...in life!
Ain't got shit to do with your wife choice. If you and your wife ain't on the same page why the hell would you marry her? Stay single people.
@@tonyjablonski There's a LOT of POWER with two spouses being on the same page in terms of money and goals.
@@mo5570 prove it...
@@darrius751 If you don't know about the POWER and how it's used ...ain't no one gonna show you man. You've got to experience it to know it. ... It's like you can tell someone about an after death experience, but ....
Love his ADHD and hyperfocus. People like him fail in public school, but excel in the real world.
yup. They just have to find their passion.
Haha
Grant Cardone has made his money by buying properties and then selling them to his investors at a 10-20% profit margin + a 1% transfer fee, No host on BP would accept any of his deals. It is disappointing the BP gives a platform to such a person without questioning the bad deals for his investors that are seeing 4% returns and paying outrageous property management companies owned by Grant.
Awesome Content! Thank you for having Grant Cardone on the show again. He is a good man with a wealth of knowledge and experience...he just keeps it REAL and talks his TRUTH!!! Much respect and blessings!
Mobility is freedom, but land ownership is power. I want both.
Do you really own the land though when the bank can take your house if you don't pay the property tax (even though it may be fully paid off)
If your house has retired the note, the bank cannot take the property, but the government can.
Wow this is a huge trigger for me to think.
You can tell the age of the show by the length of Brandon’s beard. 😂😂😂
XD
Wdym
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
This is what I go by, the vibe is a lot better now with Brandon as host
I agree, I like the guy immensely, but I wish he would trim it shorter like it used to be such as it was here.
Refreshing to hear such a truthful perspective my family lost our home in 2008 when I was a kid and I’ll never forget how motivated it made to understand how banks operate, real estate properties & markets and loans. It taught me a very valuable lesson at a young age and that I am grateful for. Coming back for everything. Thank you to guys for an awesome interview. Soaked up every minute. -James H
You do realize Grant Cardone is an internet creation, he has a team of media advisors that shape his image and backstory, I bet if you dig deep enough you would discover he story is about as true as a reality tv show.
Wow, how did I miss this episode? 😱😱😱 Oct 2017?? Felt like Grant was talking directly to me today May 2018 LOL
This is such timeless wisdom! I need to make some major changes in my real estate decisions. 👏🏾👏🏾👏🏾👏🏾
I love Grant. He's a monster. Love is personality and drive. Inspires me. Found Grant and Bigger Pockets independently and love them both. So glad to see a podcast that puts them both together! Grant has the Texas attitude, go big or go home. All or nothing. Love it.
I like how you guys ask questions from a beginners perspective. Great interview!
Also its funny how you bleep him when he says sh*t but not fist f**k
Bleeped when Josh saying shit and Grant saying fist fucked. Gotta maintain the good boy & bad boy image.
I just love this so much. They literally sit there n just talk real life real estate all day. All it does is give you more tools to go implement
Grant is brilliant. It takes some time to grasp the way he thinks sometimes, but he's right. Go big with the right vessel and mentor early. Way better than going small. "Action creates results. Massive action creates massive results."
for some reason Ive watched this interview over a dozen times, between the education and the hilarity of the interview I keep coming back
Have you invested yet?
congrats on biggerpockets 5years podcast and thank you very much for bring this awesome dude Grant Cadrone he is awesome my hats off too you great amazing guys
Love this guy! Would say my favorite podcast so far and should be back on the show again.
Best show ever!! I don't have to agree with everything Grant says, but I love that he challenges the conventional wisdom.
I’m guessing this dude is in a world of leverage and debt pain right now. I have owned 5 row houses(similar to townhouses w/o HOA) for 25 years. I have no problems and am doing great.
Help me Rhonda
Transfer around me
This brings so much value, thanks for bringing this guy in.
This is a great interview. Very informative and humorous! Thanks!
Uncle G!!! He speaks from the heart.
I love Grant Cardone - seen him in person in several states and locations! THANK YOU!
Good information. & funny too. Congratulate on 250!
Rosie reminds me why real estate matters, because it's about people. Moms, Dads and little kids need a safe place to lay their head and we must never exploit that as Real Estate Investors. Thanks BP for a good show.
That statement is beautiful I was thinking the same thing.Investors must be fair.
This comment is drowning in emotion!
Two sincere questions for anyone that loves Grants message On not buying s house:
1.)is owning a home really the reason most people don’t move? I could be missing something here...but when Grant is condemning people for living in a purchased home and saying “I want freedom to move wherever I want” it’s as if there’s no such thing as rental contracts, or personal belongings or friends or family or kids or your favorite beach spot or park or church or school. Seems to me owning a home isn’t a real impediment to
Moving. Relationships are. I mean if the home was the big problem, Worst case scenario you can sell.
2.) do you save significant amounts of money by renting vs owning? Grant seems to be making the point that if only everyone would rent they could have tremendous financial success. I’m trying to keep an open mind, but for the past several years multiple studies have been done suggesting renting is at best only slightly better financially in some markets. And for many more people as rents continue to increase there is some savings, stability and equity to be had by making sure your mortgage payment is reliable and that one day you will no longer have to pay a rent or mortgage on that property. For me personally I’ve benefitted substantially as home values have gone up almost 30% in my neighborhood while my payment stays the same.
I like new ideas, I’m just trying to see if it’s truly applicable to people with families to take care of.
John LaLone for #2 it’s because while the mortgage may be only slightly higher than the rent making u think 💭(oh how about I put slightly more money into something I’ll own instead of throwing it away into rent) well you have to think about taking care of the house as well, like insurance paying for a new roof when time comes, just general upkeep. While when renting you do not have to worry about those things because you are the tenant.
great interview, thanks for sharing.
I’ve been following BiggerPockets since I was 19 and I’m now almost 23. I’ve learned so much, but haven’t taken action due to school and issues at home. I’ve decided to start by becoming a real estate agent and learn the backends of my market by becoming the seller. I plan on owning my first duplex by next year and house hack until I can maintain a steady income which I can utilize the BRRR method and take off sprinting. So excited to finally leap into real estate. Love these guys and Grant is awesome to listen to. He’s hard and truthful which hurts too many peoples feelings but he just wants to encourage you. Love this motivation
Ahmed Sublaban start going to REIA meetings.
That’s amazing. Crazy how we have similar stories. I am 23 as well got into BP at 19 but I actually began trying to wholesale at 21. I purchased and LLC and went all out but I was not a strong negotiator lol just got my RE license in March and began working for KW in hopes to raise cash and get a 2-3 family home to live in while the mortgage can be paid down. I will say the hype is real in the industry especially after hearing such successful people speaking and encouraging you but be prepared to fail/learn ALOT. One thing I recently began learning is when they say being persistent and having a schedule is important listen. You can’t win in this industry as an agent/investor without being confident humble and persistent. Anyway I wish you and anyone reading this the best!
Ahmed Sublaban take action and shit the fuck up
TAKE ACTION. Look up the flipman on youtube and that's a great way to start
Be a part time realtor never quit your job and house hack asap so your living for free
Awesome show. Grant has so much energy. Wow. I picture his mind going ten different directions and all being productive. Love bigger pockets.
It's a neurological imbalance, lol.
I love it, Grant Cardone has both notes and note taking gear with him when he is the guest! That is taking ownership in himself and his business!
Kyosaki vs Cardone
Kyosaki: “4 GREEN HOUSES, 1 red hotel”
Cardone: “skip the house and go straight to the hotel”
Dave Ramsey: "Make sure you completely pay off your first green house before getting any houses or hotels."
😁
@@jeremylogan8182 😂😂😂
Jeremy Logan lmfao 😂
My grandfather was a wealthy man who owned tons of real estate in Charleston. Big buildings etc. He lost at all during the great depression. Tenants could not pay their rent for years and he could only carry them for so long. I believe that could repeat in the coming years. The US can’t keep fixing get more debt. Thoughts?
That was a awesome episode with Grant and he sure is a crazy real guy that has made a lot for himself. Plus he really says it like it is and what he feel is right. I think most people are chicken to over extend themselves because they don't believe that they can do it like Grant. Thanks again for the episode and congrats on show 250 too.
I struggle with the 16 units and greater Grant preaches and really don't want to do deals with partners even though it does indeed open up scale and potential talent/skills you don't have yourself. But I 100% believe owning a SFH and living in it is an emotional play, not an economical wealth building play. And Grant is NON emotional 99% of the time and 100% of the time money motivated. I think ideally you take Grant's advice and get RICH, then you can go back to Brandon and Josh's advice and because you're rich, waste money on a SFH. Grant does it with his Miami condo he owns. Houses are a MONEY PIT when they don't produce income. And people who say they don't want to Rent because they're making the landlord rich so they go buy a home are half right. They should buy a home. But they should also be the landlord, not the occupant.
Ryan Conrad you summed it up.
Here’s the thing- grant owns the condo he lives in now! He rents it from his Realestate business. Either way he has his rent locked in because why would he just increase his rents, and if he did, it’s all going the same place. Essentially he is getting all he benefits of home ownership (equity, control, tax breaks) but not really being fully transparent about it. The bigger pockets guys could have done a much better job pressing him on that. There are so many holes in his argument you could drive a truck through it.
Not to mention grant made 15 million on the last house he sold (to the Walton family) on oriole drive in LA which he used to start buying multi family in North Carolina in 2013. He very rarely mentions this but it does slip out from time to time.
I like that after the first bleeped out curse ... it was free for all
He said he did SFH only once..
Plenty of investors are doing very well for themselves, doing exactly what Mr. Cardone advises against. Investing in RE is like cooking chicken, there's many different ways to do it and still end up with something delicious.
im not cooking 1 chicken bro. im cooking 30 chickens a day. I own a chicken farm and my chickens are cooking 20 chickens a minute so go big or be a vegetarian bro - Cardone
Cardone used a very wise sales tactic during this entire interview. He promoted renting over buying a SFH bc that’s the market that puts money right back into his pocket. GENUIS!
If you think about the amount of money it costs traveling for several months while renting an apartment or Airbnb, it would far exceed the amount of money it’ll cost you monthly with a mortgage...and you own absolutely nothing. When you have money like Grant, I’m sure money isn’t a factor but for the average person it is more wise to buy a home. However, buying a house is definitely a liability. Turning that liability into an asset through becoming a landlord, STR, or house hacking is the way to go!
Where can I find the unedited version?
Either way instant classic, wish Josh and Brandon would've pushed back a bit more with their perspectives. Still great job on the episode BPP.
Nites559 The Podcast is really for guests to express THEIR opinions. Arguing with guests will PROBABLY prevent you from booking guests. We already know what Brandon and Josh think.
######... HANDS DOWN ONE OF THE BEST INTERVIEWS EVER ON THIS CHANNEL. IF PEOPLE REALLY LISTEN .THERE IS A LOT TO LEARN HEAR. AMAZING ...GREAT JOB GUYS.
Great show, the three of you showed how many different examples of the freedom, a choice like real estate investments, can make a path to..
This dude is a BEAST. Dropping knowledge like it's going out of style.
Like all the information you guy's put out there!
At 38:00 there was some cold hard truth there that most will never understand because they already made the mistake of doing the opposite and their ego can never be crucified. I love it with a passion.
OMG, I love the quote “I don’t want to be the richest, just the free-est. I do agree with Grant for the most part. I am 58 and I want to live where there are amenities. I still think single family homes will be ok because I, personally don’t want common walls with others but my current house has a community pool, park, a small shopping center with a starbucks only 3 blocks away. 2 of the rentals we bought in Prescott, AZ have 3 community centers with pool, gym, RV parking, rec areas for classes, etc. I also get the freedom thing - we are thinking of using one of the houses in Prescott as a home base and then every summer go rent at a lake for 3 months or go to Scotland for 3-4 months or Ireland or Italy, etc.
I’m looking into getting in the real estate game, but I’m definitely gonna learn the terms and the numbers, don’t wanna hop out there and not know what I’m doing
One of the most valuable episodes I’ve ever seen.
Thanks for stopping and lending and hand, so others may experience a freedom we all desire, with all your FREE INFORMATION!
Loved this episode! I agree it’s hard to be mobile raising kids. How can you you have both?
Billion Dollar Question “Where would Banks be today w/o a Home loan?”
I don't know where you get your conspiracy nonsense about Cede & Co. as Fanny Mae and Freddy Mac owns half the single family mortgages. The banks are basically forced to give mortgages by the Federal Reserve. The bubble was caused by the government forcing banks to give loans when the people couldn't afford them, but then promised the banks that wouldn't be a problem because Fannie and Freddy would buy them back and monetize the debt. 60% of the bad bonds were owned by the government, but those only accounted for 20% of all monetized debt instruments. The problem was, how would you know if the bond you were holding was any good? At the time, you couldn't so all the bond values fell to zero. At the time McCain wanted Bush, on his way out, to give control to the next president, but when Obama won, he messed everything up in so many ways it would take too much to explain here. What should have been done, was for the government to purchase the bonds at 50% on the dollar, giving a floor to those who wanted to maintain the bonds, while giving those who wanted to sell a way out. The government could have weeded through the bad bonds and mortgages, sold the non performing debt and charged the costs back to the bond originator. The banks essentially did this on their own over time, but it took until now before the markets could recover and start growing again. Trump removing a bunch of the nonsense regulations to allow the recovery has really boosted the market.
Amazing episode... Grant gets me so pumped up, and I 100% agree with him on MOBILITY and FREEDOM! I apply this philosophy to all areas of my life: no wife, no kids, self-employed, renter... I want mobility and freedom to live my life however the hell I please... whereas our parents/older generations wanted security and predictability. For so long I was convinced that I had to buy a house... even up until 2016... I was thinking... I've just gotta buy my first house... but Grant put into words extremely well what I realized: it doesn't make sense in my situation to live in a single family home that I own... it just means way more work. Everyone is different, but it's hard to argue with the ability to travel and do whatever you want at any time you want. ALSO: his thoughts on the generational shift are extremely interesting and he's right: once all the baby boomers start dying off... houses will NOT be as popular. No one I know personally around my age (I'm 32) are interested in purchasing a home... everyone is perfectly happy in apartments where everything is taken care of for them. The idea of getting saddled with some huge 30 year loan with interest just sounds awful. When I get into real estate investing for real (still in my educational phase) I will be avoiding banks like the plague. GREAT episode here guys, thanks to Grant for all of the interesting wisdom.
His comment has been reported. Now I can't see any of his comments.. so sad.
Chris M watch all GC videos bro u won't ever need coffee or energy drinks
Great comments Chris!
Generational shifts, adapting to the future and not being a victim to any economic contractions!
No kids, No Wife, No Debt, xyz cash on hand, saving up capital, performing my due diligence and will invest into an income producing investment property!
Big Think or Go Home
Mr. Cardone has history and the facts all wrong. Owning property IS the American dream. People left Europe to be able to own their own land and house and to escape their "Landlords", most of which were privileged, estate owning royalty in some form or another.The people could be thrown off their land or out of their house for little or no reason. Now, things have changed some, and it is hard to do for no reason, especially in California or NY, but you are still living at the whim of the landlord which owns the property. Where does Mr. Cardone live? I'd bet you on one of the properties he owns. Now investing in multiple family real estate as Mr. Cardone does, can be a worthy enterprise, but let's ask ourselves who benefits if we don't own our own property? Mr. Cardone, or someone similar to him. That means that his selling points are more than a little self serving and as real estate investors we ought to realize that nothing is ever as it seems.Mr. Cardone is a very successful real estate investor, at the present time. He has found the niche that works, for now, but as he said in the podcast things change, and what works now, probably won't work in the future.He is correctly reading the Millennials in their not wanting to own property, but we need to ask ourselves why they don't want to own property? The short answer is they don't want to grow up. As children they had everything given to them and they expect the same now that they are adults. This is not a situation that can last long, and it too will crash.
An interesting perspective, B. J., but I think you sort of undermined your own argument by explaining how owning property "is" the American dream because of the way things USED to be. You're right that some will always consider it the dream... but like I said: most around my age really don't care. I think it's a cultural thing: older generations grew up in harder times, resources were more scarce, they felt more protective and wanted to hold tighter to the things they owned. These days that just isn't the situation with most Millennials. Speaking personally, I fully intend to own property as investments eventually... just not as primary residence. While there's something to be said about the pride and control that owning the property where you live brings you, I think there's more to be said for all of the extra work that comes with it.
Cardone is a great personality learned a huge amount here like a whole section on scaling from medium to large
No matter a hot market or a down market, there will always be properties available to buy at a discount, as long as there are foreclosures and as long as people live in them. Life happens, people move, etc.
Excellent content Cardone is the man!!!!!
You guys are in Denver? This was years ago.. how much of Grant’s advice have you followed from this then and how has that helped you to date? Thanks for sharing! You guys are great!!
I really enjoyed this episode... Grant makes some really great points and speaks the truth about single family homes and the banks. Our wives and others can either stunt our growth or nurture our potential! Dream big and surround yourself with positivity. Never stop learning and working on yourself. Much success to BP - YOU GUYS ARE PROVIDING A GREAT VALUABLE SERVICE - Be well!!!🤘🏾
So glad to have watched this show.
This man is just...just... tolerable in this interview. I try to watch Grant's podcasts but they just seem like a long late night infomercial. Thank you guys for your awesome interviews spanning from the humble to the super cocky. I've learned a lot from each one.
Isaac Slaughter yelp
I love Grant cardone, he is a role model of success for me. But the problem with him and lots of other experienced real estate investors is that they've turned into investing snobs. They say don't do this or don't do that but they seem to have forgotten what it's like just starting out. They are great at what they do and have achieved vast success but being able to do something well is not the same as being able to teach it to beginners. That is a separate skill set. Sorry I'm just starting out, not tons of money to invest and not time to spend hours researching a deal. I need something quick and dirty to get my foot in the door. I just put in a bid on my first investment property, I did my due diligence as best I could. The property, the area, the tenant. I'm sure it's something that Grant cardone and many others would say not to do, but you can't sit on the sidelines forever and it's a seller's market these days due in part to people like him bidding the prices up way out of proportion. I'm sure these guys would say don't do this deal do something else, but it's this deal or nothing so I'll have to figure a way to make it work, unless Grant or Brandon or someone else is going to mentor me personally for free. They have no incentive to do so and that's not going to happen.
Wow! How timely is this advice!
Wow. Never heard Grant before. Love this guy because he tells it like it is and no BS. That’s why I love Kevin O’Leary and Marcus Lemonis and Tilman Fertitta. No time to beat around the bush.
Uncle G is at another level! This man should be teaching at the university.
Great episode !
So pumped about this one!
Mr Krabs are you feeling it now Mr krabs?
" my girlfriend is more aggressive than my dog!"
lol.....
Surely after he buys that complex, that apartment manager is going to lose her job.
powerful message.
I live in Denver and the thing here is work home space. companies pay for com/ res zoned so they can rent to there workers
Good discussion.
This podcast was awesome!!
This interview got me hype af
I love Grants honesty. Love it.
Grant cardone is quite a character. But I love a lot of what he has to say. I disagree with his philosophy about don’t buy anything with less than 16 doors.
It's not really don't buy anything under 16 doors, more don't hold anything under 16 units. He really only means it for people with one investment property or a few. Its just to shield against too much vacancy. He talked about investing in 4,3,2,1 unit investing and he says you should fix & flip. Thats his philosophy for smaller units
Ahhh okay that makes sense. Thanks for the clarification. I don’t think he differentiates that enough. Most of the time I hear him say don’t hold anything under 16 units. Don’t even invest in real estate until u can afford 16 units.
Acoustic Silk
That's what he says.
Actually Cardone has a CZcams video up on buying and holding small properties.
Acoustic Silk *DUDE I DONT FUCKING GET IT. SINCE WHEN YOU GUYS ATE SUCH EXPERTS??? Why are you debating someone who walked the walk?*
That's a good question at 30:00 and Grant is right there. Go big.
You guys think 250-300k for a house in Denver is a lot??? In Boston you literally can't even get a parking spot for that. Basement studios 450 square feet are selling for 550K and flying off the shelves!
JPS that's been the norm in the Northeast for years. Mid sized cities in the rest of the country are seeing a huge boom because people are leaving places like Boston.
That is so true when he says a homeowner who has equity has it buried in the ground at an address i agree. When people say "i have 100k in equity in my house?" the auto response i say in my head is so? How you gonna use that 100k? Oh thats right you cant.
Best episode yet!
wow! Grant follows what he preaches! he said "I'm with ya" core principle listed on his book. True teacher.
Love his ideas and his thoughts on real estate, robert kiosoki wouldn't be robert kiosoki without his small houses all over the nation. Everyone's different and what risk they are willing to take. I have 2 residential properties and 3 commercial properties and yes my commercial properties are way easier but my homes are going up in value substantially and my rents are what he is talking about. One of the house we own is renting for 1050 a month where its positive 300 a month and the other is renting for 1325 where it is positive 275.
1:00:00 is the realest advice ever!
Great episode
A good listen. Think “find your niche” comes true
'Your mama ain't got that s...' Now that was some funny stuff right there. Great podcast guys, THANKS!
I haven't heard anyone talking about SFRs with an ADU. I'm finishing up with a $100k ish 1bd/1ba above my garage and expect it to cash flow positive 100-300 the very first month, and the loan to build will be paid off anywhere from 3-7 years. Then the rent charged is entirely profit.
"Got fish?"
Josh is being tested with Grant Cardone. So interesting to see how Josh and Brandens persona reacts to someone as confident as GC
First, GC ... Brilliant stuff and thank you guys for this education.
Second, what options are possible to get the $650K more for a 3MM deal, for say a Brandon Turner level guy?
Also, I'm curious to know what GC feels about developing in the right area himself. Could this be advantageous, or too much risk?
Nice video!
hey bigger pockets, thx so much for beginning my re education. question!!! i live in Vancouver bc. i would never invest here because its priced high in bubble territory and many landlords are negatively capped. would you still suggest i reach out to other RE investors and network here? Canada is due for correction, so id rather focus on the States. what would you suggest?
Grant’s comment about not reading a real estate book but he’s read a thousand PNL’s is similar to Quentin Tarantino on making movies. He said: take the money that your parents would spend on USC film school and just make a movie. You will learn a thousand times more than going to film school.
Man... I can't wait to get on this level!! I'm all about multi family and lots of units!! Step one, for me, get my real estate license. I need real capital coming in, along with experience to get my ball rolling on big stuff. I wanna come out the gate with 50 units!! Sorry Grant, I still want to own my own home. Something that's my very own. Single family homes work when you have deep pockets.
Does anyone have a time stamp of when GC talks about his morning routine?
Very good show boys
So what is a newbie to do? I am in Austin. Looking to build passive income. Its ok it if takes a while. Open to suggestions.
What do you do if you feel your realtor is getting aggravated about how many locations you're looking at? How can you go about that to not feel like you're overwhelming them?
Well that was stressful...hahaha. It felt like Brandon and Josh were trying to wrangle in a fire hose that was discharging at full capacity the whole time lol. Grant is quite extreme in his beliefs, but I can only think that's why he has been so successful. Thanks for the entertaining and informative show. And congrats on number 250. Who knows, maybe I'll be your guest for show 500.
What a great episode
Did he say the return is somewhere between 6 to 15 percent? That is a huge difference in rates.
Which is what $200,000 to $365,000 in 10 years is; 6 percent. What happened to 10x?
Owning a paid off home with a few acres of pasture is fantastic. I could not imagine raising kids in an apartment complex. Too much home with too many toys is most peoples problem. I have renters in apartments and a few houses and they paid for my house. I'd think as long as MEN have wives (not live ins) and children they will want a house.
I love grant cardone! I want the same thing to build an empire and go where I want when I want! I want the total freedom and won't stop until I get it.
Yes this my favorite real estate guy he is very motivating wisdom baby