Real Estate Investing

By Grant Cardone TV

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Listen to new episodes of Real Estate Investing Now on the Cardone Zone. GrantCardone.com/podcast

Episode Date
089: Podcast Announcement
23:48
Real Estate Investing podcast moved to Cardone Zone. All episodes in one place. Go to GrantCardone.com/podcast
Jun 08, 2018
082: When To Rehab
50:30

When do you start reinvesting money into a property? Here are 4 rules:

#1 Never do the whole rehab

#2 Do your worst case scenario

#3 Look for 30% return or don’t do it

#4 Leave something for the next guy

Buying Multi-family is not buying real estate—it’s buying a business. Every dollar that you spend, 30 cents should come back to you. If you don’t get a return on investment, why spend the money? Rehab is not about taking shortcuts—it’s about being smart about cutting costs that aren’t needed. Create the illusion you are spending money. What do you need to spend to increase rents? Does it make sense to rehab the whole place? Maybe you can fix things by changing 1 or 2 things. . Bottom line, if you are going to spend money, make sure you will get a return on it.

Listen to new episodes of Real Estate Investing Now on the Cardone Zone. GrantCardone.com/podcast

Jun 05, 2018
081: Mistakes Most People Make When Investing In Real Estate
1:00:23

What are Mistakes Most People Make When Investing in Real Estate?

#1 Not buying
#2 Deal is To small (less than 16 units)
#3 Doing single family deals
#4 Taking too much debt
#5 Bad Buying price
#6 Buying unwanted deals
#7 No direct cash flow
#8 Moving out from your MARKET
#9 Not Knowing your Market

Mar 26, 2018
080: Earned Income Vs Investment Income
35:09

Why the wealthy invest in Real Estate:

● Income - monthly checks
● Appreciation - This is tied to the job marketplace in the area.
● Depreciation - write down the value of the property to save
● Leverage - spent $1 get $3 - Use debt, but be extremely disciplined
● Tax Advantages

That’s what we do at Cardone Capital. We go after big deals that pay every month and appreciate over time!

Mar 19, 2018
079: Four Quadrants of Real Estate
46:36

You shouldn't invest in real estate if you don't know the market. You have to know about the location and what kind of residents are in the area. When you know what you’re doing, you’ll make money. If you’re not making money, then you don’t know something. The real estate is a game about KNOW.

The 4 Quadrants of Real Estate are:

● Price
● Down Payment
● Debt and
● Cash-on-cash

Mar 12, 2018
078: How To Make Small Deals Work
37:00
There’s been some massive swings of instability in the stock market. I’ve got enough drama in my life. I don’t need it with my money. Little deals produce little cash. Little deals will get hurt when the market corrects. All the foreclosures were small deals: 2, 6, 8 , 10, and 12 units. What’s the problem with these deals? They cannot cash flow. It’s back to termites, tenants, and toilets. I tell you the truth—you should be in at least 32 units.
Feb 12, 2018
077: Risk vs Stability
46:11

Do you like drama in your life? I’ve got enough already. I don't want drama with my money. Two mistakes people make after they work hard for years:

1. Never invest
2. Invest in the wrong thing

If the stock exchange collapses or if Bitcoin goes up or down, I get monthly checks. I’m paid to wait while my property value goes up. That’s the certainty that you need with your investments—you need mailbox money. The more scale you get, the more stability you have. Most people can’t buy scale. That’s what Cardone Capital gets you:

1. Scale (More doors is better)
2. Income diversification (a lot of renters paying monthly rent)
3. Middle of the road rental prices

Most people look for salaries but they should be looking for opportunities and the right people. How do you get started? Look at everything. Start looking at apartments. Walk properties!

“Nothing pays better than a business that pays.”

Feb 05, 2018
076: How to Pick Your Real Estate Market
49:47

When it comes to investing in real estate, how do you know what market to get into? If you already follow me, you know that you should go after big apartment deals. Purchasing a home is not an investment. The bank sold middle America on the dream of owning a home. When you buy a house—you don’t really own it—the bank does. Never buy anything that you can’t own. When you really know your real estate market you’ll:

Be in it—love it
Keep it—location is growing
Produce Income

Jan 22, 2018
075 How to Underwrite a Deal
56:19
Don't let big numbers keep you from investing in real estate. If you collect cash flow over time, appreciation will happen. This isn't crypto, this isn't speculation, this is real estate—the safest, best investment you can make if you do it right. That means buying the right property at the right location at the right time. This is what I do at Cardone Capital, and I invite you to join me.
Jan 15, 2018
074: Real Estate vs Crypto
54:32
When it comes to investing, I’m taking the real estate play every time. It’s a real asset that you can touch, feel, and see. It generates income that I can leverage for other investments, just to name a few advantages. I own crypto, so I'm "invested" in both. What are the real differences though between Real Estate and Crypto?
Jan 08, 2018
073: Bitcoin, Real Estate, and Stocks
56:29

What should you be investing your cash in? Are you looking to get rich quick or get rich for sure? You won’t get 2000% returns in real estate like you might in crypto, but you can get 20%. Crypto has a long way to go, but it still goes up and down. The number one question I’m asked, is what do I do with my $2,000 or $5,000? 2k, 5K, 10K are not investments—you need 100K. Think about what you would do with your last $100,000. Stocks and crypto are easy. Anything real is work. Marriage, business, and real estate are real. I work hard for money and I work hard to keep it. Any investment you make should:

A) Increase in value.
B) Protect your initial investment.

I don’t know what Bitcoin is going to do next year, but I know real estate will still retain its value. Bitcoin is not investing, it’s speculating. It would be nice to get rich quick. But I want to get rich for sure.

Dec 11, 2017
072: Apartments are Better than Houses
58:17
Buying a House Vs Investing in Apartments - Real Estate Investing Made Simple: Buying a house is not an investment, but it could be a place to save money. There is a big difference between a saving vehicle and an investment vehicle. Investments pay you every month while you pay into your savings every month, right? So do you want to pay or get paid every month? Most people don’t own their home. The banks own it (your mortgage) and the government owns it (your property taxes). No matter how you look at it, a house is not the best place to put your money. Your parents may tell you otherwise, society and the media will tell you otherwise, but buying a home is simply not a good investment. If you want to get rich, look into multi-family as an investment vehicle. Learn more at http://www.cardonecapital.com
Nov 27, 2017
071: How to Buy Your First Deal with No Money Down
2:01:30

Uncle G brings it for free every Monday with captain Ryan. Today on the show Grant advises to not chase your budget. Finances are won on offence. When you don’t have money, you need to get other people’s money. Who’s got your money? Don’t buy deals you wouldn’t look at if you had a bunch of money.

The fact is, we all get stuck finding money no matter how rich you are, so the thing to keep in mind is the deal is what matters, not how much money you have. Most people do deals based on how much money they have. There is no such thing as no money down because you will have to exchange something with them—sooner or later the money will have to come from somewhere. Where can you go to raise money? It’s out there, you just have to find it. Act as a broker and act like you know what you’re doing.

Here are 3 things to ask before going into any deal:

1. Ask a woman to tell you how she felt around the property. Just like when you go into a room, you know how it feels. How does the property feel to you? This is subjective, but ask yourself this.

2. Go over the numbers, the T12. This is objective. Do the numbers add up and make sense?

3. Go look at worst case scenario. Go look at the worst year ever. Will it still break even if another 2008 happens?

Nov 20, 2017
070: How to Make Money in Real Estate
39:01
There are 3 main ways to make money in real estate. #1 is the Wholesale Flip. This is a sales job. You don't need to invest money if you want a sales job. There’s nothing wrong with it but it’s not really real estate investing. #2 is the Small Deals. These are the little duplex's, quads, and anything under 32 units. Most people do these because they have a budget. #3 is Big Deals. You want to be in 32+ doors, even if you have to collaborate with others to do so. The biggest difference between #3 and #2 is income. Do you want monster deals, baby deals, or a sales job?
Nov 13, 2017
069: 5 Things to Know About LOI
1:02:38

There is a shortage of great product out there in multi-family. The most important question is how to find a deal, and how do I get them to sell me that deal? You will need to write a LOI (letter of intent). This is a written document showing the intent to purchase something. You need to sell yourself in this document. Here are 5 additional things you should cover:

1. Price
2. Closing Date
3. Financing—non-contingent
4. Due Diligence
5. Deposit

Nov 06, 2017
068: Top 12 Questions to Save Big in Real Estate
53:02

Money is the easiest part of buying real estate. The hardest part is finding the right deal and getting a broker to listen to you.
1. When did this last trade?
2. How much did it trade for?
3. How would you rate the location on the scale of 1-10?
4. What is your debt-underwriting for the property?
5. What do you like most about it?
6. What do you like least about it?
7. What else do you have that is either unlisted or off-market?
8. Other than price, what terms will motivate this seller?
9. Who is the type of buyer for this property?
10. Do you have a favorite buyer at this time?
11. How do I exit this deal later?
12. In your mind, what is the play on this deal?

Oct 30, 2017
067: Renting vs Buying
1:09:57

What are the benefits of renting vs. buying? Most people think the benefits of buying a home outweigh the benefits of renting but this is false. Most people never take into account the cost of opportunity lost. It’s almost never better to own. Instead, you should rent what you own. The more doors you have the better.

1. Renting is cheaper.
2. Nobody should own.
3. Even rich people shouldn’t own, although if you’re rich, it doesn’t matter if own—because you’re rich.

Buying leaves you with no mobility. Freedom should be your mantra, not a house. Don’t use the excuse, “Well, I’ve got to live somewhere.” That doesn’t mean you need to buy because you don’t just need to own something, you need cash flow!

Oct 23, 2017
066: 10 Biggest Mistakes When Buying Real Estate
58:34

1. You’re not buying: If you don’t buy, it’s because you don’t know what you’re doing
2. Buying too small: This happens when you become scared thinking that big deals are riskier. This is false, small deals are riskier.
3. Buying on a Budget: don’t be confined to what you can “afford”. Don’t have a budget when you buy, have a budget when you own.
4. Believing the Pro Forma: don’t put significance on a fairy tale.
5. Underestimate expenses: taxes and insurance aren’t fully understood.
6. Not funding Capital costs—roofs, carpets, etc. need to be funded, so set some aside for when you will need it.
7. Over leveraging—borrowing too much money.
8. Under leveraging—not borrowing money.
9. Buying on CAP rates: If you’re only looking at 8 caps, you’ll miss out on good deals that don’t fit your criteria.
10. Not knowing: ignorance is not bliss.

Oct 16, 2017
065: Analyzing Cash Flow
1:01:24

When you buy a property, you need cash flow. There is a reason why cash is called king. You want big cash flow every month when you make an investment. But how do you analyze the cash flow of a property?

1. Income — VIP parking, laundry…anything that people need and want that you can charge extra for.

2. Expenses — You’re going to have payroll, landscaping, utilities, insurance, repairs, taxes…these are all things that you can’t get rid of.

3. Debt — Principle and interest on the loan.

4. Cash Flow — Are you making any money on the deal or not?

If it’s 1 door rent it, if there are many doors, own it. Time and cash flow = appreciation. If you buy the right property and make the right moves with it, time and cash flow will get you a 2X to 3 X return—guaranteed.

Oct 09, 2017
064: The Truth About NOI
51:12

The NOI is Net Operating Income. You have income, expenses, and then you have NOI. 5 units and above are dependent on NOI. It’s what the price is based off of, what the banks look at, and what the cap rate is made from. To determine the NOI you take Gross income minus expenses = NOI. The higher the NOI the more cash flow it’s going to produce. 3 questions to ask in multi-family:

1. How much will you pay for the property?
2. How much will it operate for?
3. How much can you sell it for when you exit?

You can make money with any of these three ways, but ideally all three. Keep in mind that as soon as something comes on the market and it becomes a good deal with a good NOI, you often have over 10 or more buyers coming in immediately. Loopnet is the garbage dump for properties that aren’t selling. As an example, there is a deal for 14 units in Athens, Georgia. It costs 750K so you’d put 190K down and finance 460K. It’s 70% occupied. The NOI is 45K and the debt would be 32K annually. That means you’d basically be putting 190K at risk to make $1300 a month. That deal probably isn’t worth it! The bottom line is you have to know what you are doing with any investment.

Oct 02, 2017
063: Real Estate Q&A
47:53

If you had $1,000,000 and you had to hold it for 10 years, what would you invest it in?

Crypto?
Gold?
Stocks?
Real Estate?

I choose Real Estate. Why?

1. It’s real.
2. It provides cash flow.
3. It gives me leverage.
4. I get appreciation.

I’ve made a lot of mistakes in real estate, but losing money isn’t one of them. Buy lower CAP rates, that will make sure you have a better location. Time will take care of your appreciation.

Don’t buy on a budget. If you’re buying on a budget, you’re better off being an investor riding on a deal with someone else. I’m inviting you to invest in Cardone Capital to buy massive deals in good locations that will provide stable returns as we wait for time to appreciate.

Sep 25, 2017
062: Are We At Top Market?
43:27

How do you determine if you’re at the top of the market? When cranes are in the air, beware. If you see cranes everywhere, you are at the top of your market. We haven’t had a real estate collapse since 2009—that is 8 years of prices going up. You don’t want to buy at the top! There will be a pull back, it’s just a matter of when. Builders over build. Yet every 10 years, apartments double in value. Always keep in mind rents, rates, and supply.

1. Know you market—This is a prerequisite for doing anything in real estate.
2. Know the rents—What’s the cost to build?
3. History—What’s the history been on the place? Go back 5 years on the T12’s.
4. Plan for a pullback—The market won’t go up forever. Be careful not to buy at the top!
5. What’s the market going forward? Look to the future. The place to learn real estate is not in a book, it’s in your neighborhood.

Analyze the deal you live in.

Sep 18, 2017
061: How to Force Appreciation
54:06

In the last 20 years REIT’s paid out an average of 8.7% while the S&P paid 5%. I assure you there are better ways to invest. Real estate always comes back over time, it always provides cash flow, it’s real—it’s not a stock or pieces of paper. And it’s definitely not crypto currency. Here is how you can force appreciation in any market, anytime:

1. Improve the Inside—spend money to improve the interiors of units.
2. Improve the Outside —spend money to improve the exteriors of the complex.
3. Debt—Redo the loan and get your money back.

The more you invest in improving the place, the higher you can raise the rent and change the tenants. This will literally force appreciation. If you have a machine that produces income, you need to figure out how to make that machine produce more income and you’ll appreciation.

Sep 04, 2017
060: How to Get Your First Deal
52:11

How to Get Your First Deal—Real Estate Investing Made Simple with Grant Cardone...Here are 4 things you will need to do to get your 1st deal in real estate:

1. Find a deal— People think it’s easy getting into real estate but it’s not. It takes reading report after report. You have to find a deal and that’s harder than people think.

2. Analyze it—Do you know what to look for in a deal? Do you know the terminology?

3. Finance it— It’s expensive getting a big deal. Buildings with 50 units or more are out of reach for most people. Most can’t get the debt, let alone the down payment for a $30 million-dollar deal. This is probably the biggest problem that scares people away from investing in multi-family

4. Manage it— Every building comes with tenants, termites, and toilets. If you have the money but not the time, if you have a job that you’re making a lot of money with, if you’re the CEO of a company you don’t have the time to work with the tenants, termites, and toilets that come with a property.

You can be a passive investor and not have to worry about finding the deal, analyzing it, funding it, or managing it. Those are the problems I’ve had and the problems you’re going to have if you go at it alone. So I’m going to offer you something.

To qualify for my offer, you need 3 things:
1. You need to be an accredited investor
2. You need to love real estate and be a positive person.
3. Visit https://cardonecapital.com/ for more

Aug 28, 2017
059: How To Increase The Value Of Your Properties
47:23
Today on the Real Estate Show I take callers and review deals. Watch me walk the callers through my thoughts as I do the numbers. This is how you buy real estate. Don't just look at one part of the deal, look at all the numbers. If you have 3,4, or 5 units, put a big package together and sell them as one deal. This is what I do, accumulate a number of deals together, package them as 1, and the pig will get lost while the jewels will stand out—and you will get a premium. If you don’t want to handle toilets, termites, and tenants, come and invest with me. Get your money out of the bank and invest with me, I won’t let you down because I won’t let me down!
Aug 21, 2017
058: How to Double Your Money
46:35

Does your money work for you as hard as you work for it. How can you double your money and not put it at risk? Don’t gamble on stocks, you need a hard asset. Here are 3 goals you should have with your money:

1. Double your money, triple your money, even 10X your money.
2. Never lose money, never ever lose your initial investment.
3. Invest in hard assets that produce income.

You need to get cash flow. This allows you to use time to multiply your money. Real estate also lets you build wealth with the exit or a refinance—this creates value that you can leverage and quickly multiply your income. Come and invest with me and see your money double.

Aug 14, 2017
057: How to Get a Loan
1:01:13

The easier a loan is to get, the less money you will make, the more trapped you are, and the fewer buyers will be there to buy your deal on your exit. There are different types of loans, and the easiest to get is a residential loan, which is 4 units or less and you must live in one of them.

This is better than a home loan. This loan is not just based on your credit, it’s based on income. Commercial loans are more difficult to get.

Here’s what they’re going to look for:

1. They’re going to look at your net worth first.
2. Next, they’ll look at your credit.
3. Finally, they’ll look at your track record, what kind of experience you have.

The most important thing to have is #1. You need net worth to get started. Watch as I take callers today and review their deals so that you too can educate yourself on this business.

Aug 07, 2017
056: How to Make Big Money on Little Deals
55:26
If you’re going to do small deals, change your goal. Get in, fix the deal, and find a buyer so that you flip the deal, and keep flipping until you have enough cash for 32 units. If you buy a 4-unit deal, the goal is to improve the property and increase the rents so that the cash returns are better and you can sell the place higher. This is multi-family apartment flipping. Don’t stay in a 4-unit deal, you might make $600 a month, but it’s not worth the headache, you should just get better at the job you have if you need $600. If you do the 4-unit deal, you want to flip it. Remember, bigger deals are less risky because you have more doors. If you’re a big hitter, if you make a couple hundred thousand a year or have $1 million in net worth, come and invest with me at www.cardonecapital.com and remember, it’s never about how little you can pay, it’s about how much you know.
Jul 31, 2017
055: How To Increase The Value Of Your Properties
47:23
Today on the Real Estate Show I take callers and review deals. Watch me walk the callers through my thoughts as I do the numbers. This is how you buy real estate. Don't just look at one part of the deal, look at all the numbers. If you have 3,4, or 5 units, put a big package together and sell them as one deal. This is what I do, accumulate a number of deals together, package them as 1, and the pig will get lost while the jewels will stand out—and you will get a premium. If you don’t want to handle toilets, termites, and tenants, come and invest with me. Get your money out of the bank and invest with me, I won’t let you down because I won’t let me down!
Jul 24, 2017
054: Little to No Money Down
56:18

Today on the show Grant advises to not chase your budget. Finances are won on offense. When you don’t have money, you need to get other people’s money. Who’s got your money? Don’t buy deals you wouldn’t look at if you had a bunch of money. The fact is, we all get stuck finding money no matter how rich you are, so the thing to keep in mind is the deal is what matters, not how much money you have. Most people do deals based on how much money they have. There is no such thing as no money down because you will have to exchange something with them—sooner or later the money will have to come from somewhere. Where can you go to raise money? It’s out there, you just have to find it. Act like a broker and act like you know what you’re doing. Here are 3 things to ask before going into any deal:

1. Ask a woman to tell you how she felt around the property. Just like when you go into a room, you know how it feels. How does the property feel to you? This is subjective, but ask yourself this.
2. Go over the numbers, the T12. This is objective. Do the numbers add up and make sense?
3. Go look at worst case scenario. Go look at the worst year ever. Will it still break even if another 2008 happens?

Jul 17, 2017
053: Predicting the Future
47:04

I’m going to tell you about an unstoppable game today. It’s called affordable housing. I have a saying, “rent one door, own many doors.” If you’re out there flipping homes, if you’re buying shopping centers, if you’re buying a house, this message is for you. I’m going to predict the future of real estate.

Retail malls will get crushed—Malls are going to bear the brunt of changes in retail. First it’s going to be the strip centers, the little strip centers with the Radio Shacks. 5 years ago the Radio Shacks started failing. What happens when they empty out? Radio Shacks not there anymore, so who comes in now? Maybe a Burger joint?

Maybe a telecom place—a Sprint. Maybe a Starbucks, don’t you wish? Then it starts speading to the bigger malls. The JC Penny’s, the Macy’s, the Sears, the Dick’s Sporting Goods. This started 15 years ago with Blockbuster. Some of you may not even remember Blockbuster. What happens when hundreds of feet of well-located space become available? I pay $40 a square foot for my office space right now. What happens when 20,000 square feet empties out at Dick’s Sporting Goods? When retailers began failing everywhere, it won’t be $15 per square foot like they rent now, you will be able to get it for like $1.

So those who invest in office spaces will get slammed once retail fails on a mass scale. Oh, and who lent money to all those people? Now the banks get smashed. The only safe haven will be in multi family affordable housing. If you're interested in investing with me go to https://cardoneacquisitions.com/

Jul 10, 2017
052: The Four Quadrants of Real Estate
1:03:08

How’s this for simplification? If it’s 1 door rent it, if there are many doors, own it. Today I want to tell you the 4 things you must know in every deal. Don’t get confused with all the lingo. All the quadrants matter, don’t get fixated on one of these. When one thing goes down, something else goes up.

1. Price
2. Down Payment
3. NOI
4. Cash on Cash

These are the 4 quadrants you need to look at in every real estate deal. One is not more important than the rest, they all tie together to make a deal good or bad.

Grant Cardone shares his simple formula for investing in real estate.

Jul 03, 2017
051: Passive Income for Life
48:28

Passive Income for Life

I talk about 3 types of income today. The 1%ers understand these. You want money that is indestructible, money that you earn while you sleep, and money that will outlive your body. To get there, you have 3 types of income possibilities:

1)Earned—the money you make at your job
2)Portfolio—stocks, bonds, mutual funds---paper that you exchanged with money earned from your job
3)Passive

Real Estate would be passive, but make no mistake, it’s not completely passive unless you’re investing with me. Passive income is defined as “Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.” Passive means you are not involved, but most real estate investors have to be involved so it’s not as passive as it sounds.

One thing you need to do is never hate on any income. Nobody goes anywhere without earned income first. If you can’t figure out how to increase #1, you’ll never have #3. Get my Millionaire Booklet for free and get started earning your wealth today.

Jun 19, 2017
050: 4 Ways to Buy Real Estate
43:54

There is no shortage of money on planet earth. You don’t need your money in dead real estate—you need income producing real estate. Unless you are making $50 million a year, you don’t need to be investing in a house. Flipping a home is not real estate investing either, it is a sales job. The way you learn real estate is with your feet, you have to walk properties.

Here are 4 ways to invest:

1) Yourself
2) REIT
3) Syndication
4) What GC does

Jun 12, 2017
048: Buying Your First Deal
52:11

Real Estate Investing Made Simple: Here are 4 things you will need to do to get your 1st deal in real estate:

1. Find a deal— People think it’s easy getting into real estate but it’s not. It takes reading report after report. You have to find a deal and that’s harder than people think.
2. Analyze it—Do you know what to look for in a deal? Do you know the terminology?
3. Finance it— It’s expensive getting a big deal. Buildings with 50 units or more are out of reach for most people. Most can’t get the debt, let alone the down payment for a $30 million-dollar deal. This is probably the biggest problem that scares people away from investing in multi-family
4. Manage it— Every building comes with tenants, termites, and toilets. If you have the money but not the time, if you have a job that you’re making a lot of money with, if you’re the CEO of a company you don’t have the time to work with the tenants, termites, and toilets that come with a property.

You can be a passive investor and not have to worry about finding the deal, analyzing it, funding it, or managing it. Those are the problems I’ve had and the problems you’re going to have if you go at it alone. So I'm going to offer you something. To qualify for my offer, you need 3 things:
1. You need to be an accredited investor
2. You need to love real estate and be a positive person.
3. Email Ryan@cardoneacquisitions.com for more details

May 29, 2017
046: Investing With No Money Down
56:18

Today Grant Cardone shows you how to find and buy apartments with little or no money down. Mr Cardone owns 4000 apartments at CardoneAcquisitions.com and shows you the four ways to buy real estate.

In this show he takes deals in Tampa, Phoenix, Cleveland, Riverside, Ft Lauderdale and makes sense of them.

May 15, 2017
045: Cap Rate for Commercial Real Estate
49:27

What is CAP Rate? The number one question I get asked is, “What CAP rate do you buy?” but this is the wrong question. One piece of data doesn’t substantiate a deal. Don’t get locked into one term. All the pieces of data matter. You need to feel the deal, meaning, do you want to actually do the deal?

The lower the CAP rate the higher I can sell it for. What’s a good CAP rate? It depends. I would have made a fortune in San Diego 20 years ago buying extremely low CAP rate properties. Think about the whole deal, like how you will exit, not just the current CAP rate. There is a number more important than the CAP rate: 1.25

That’s the Debt Coverage Ratio you want. You want the NOI bigger than the debt—you want a minimum 25% more income than debt.

For more on real estate, be sure to subscribe to the Real Estate Show every Monday at noon EST.

May 01, 2017
041: Passive Income for Life
48:28

Passive Income for Life

I talk about 3 types of income today. The 1%ers understand these. You want money that is indestructible, money that you earn while you sleep, and money that will outlive your body. To get there, you have 3 types of income possibilities:

1)Earned—the money you make at your job
2)Portfolio—stocks, bonds, mutual funds---paper that you exchanged with money earned from your job
3)Passive

Real Estate would be passive, but make no mistake, it’s not completely passive unless you’re investing with me. Passive income is defined as “Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.” Passive means you are not involved, but most real estate investors have to be involved so it’s not as passive as it sounds.

One thing you need to do is never hate on any income. Nobody goes anywhere without earned income first. If you can’t figure out how to increase #1, you’ll never have #3. Get my Millionaire Booklet for free and get started earning your wealth today.

Apr 10, 2017
040: 4 Ways to Buy Real Estate
43:54

Here are 4 ways to invest:

1) Yourself
2) REIT
3) Syndication
4) What GC does

Apr 03, 2017
039: 8 Reason to Buy Income Property
58:38

Why does Grant invest in real estate? Before you do anything, whether it is getting married or just getting a pet, you need a reason. You need to know why you are doing something. Here are reasons Grant—and you—should invest in multi-family real estate:

1. Dependable cash flow.
2. Multiply money.
3. Low cost of debt.
4. Inflation hedge.
5. Physical Assets.
6. Tax Benefits.
7. Asset Appreciation.
8. Ownership.

We’re following Japan and we’ll see negative interest rates someday. The bank is going to charge you for you to have your cash in the bank. You want your money in something that is real. When the world goes bad, you want something real. This isn’t David Copperfield and smoke and mirrors. Fiat currency is all smoke and mirrors. Get your cash in real estate.

Mar 27, 2017
038: How to Fund Your Next Deal
50:51
Mar 27, 2017
037: How to Start Investing
48:16

Grant Cardone Real Estate: Are you ready to get involved in real estate? There are 3 principles you need to know and apply to be successful in this game:

1) Never rely on one thing of anything

2) Don’t buy based on your budget

3) Don’t buy less than 16 units

Most people do the opposite of all 3—they rely on 1 single family home that was bought based upon their “budget” and they never would even consider buying 16 of anything. This comes from small think and it leads to small money. To get rich you need to take more debt and go big from the get go. For more, listen in to the Real Estate Show every Monday at noon EST.

Mar 13, 2017
036: Multifamily
40:42

Real estate is the best way to grow wealth. If you want to get super rich, get involved in real estate — but I'm not talking about just any real estate. I recently wrote an article that explained why buying a house is for suckers. A home is not an investment, because it doesn't pay you each month — you have to pay it. It's a liability to me, not an asset. Not only does a house leave you less mobile, it ties up your money so you can't use it for real assets. There are many indications that multi-family apartment investments will continue to be great:

75 million Baby Boomers are headed into retirement

Many of today's apartment complexes may be converted to retirement communities in the future

Many millennials aren't buying homes

It's getting more expensive to build new apartment units

You ready to get involved in Multi-Family? Be sure to watch every Monday at noon EST and let's get you RICH.

Mar 06, 2017
035: How to Make Sense of Rehab
46:13
Buying Multi-family is not buying real estate—it’s buying a business. Every dollar that you spend, 30 cents should cone back to you. If you don’t get a return on investment, why spend the money? I bought 192 units recently. Originally I thought we were going to fix 48 units which would cost $480,000. Now we are doing just 10 units spending $48,000 creating the illusion we are spending $480,000. It’s not about taking short cuts—it’s about being smart about cutting costs that aren’t needed. Create the illusion you are spending money. What do you need to spend to increase rents? Does it make sense to rehab the whole place? Maybe you can fix things by changing 1 or 2 things. Partially rehabbing a place can be just as effective as rehabbing the whole thing. Bottom line, if you are going to spend money, make sure you will get a return on it.
Feb 27, 2017
034: Underwriting the Deal
42:12
You must underwrite for the worst case scenario. What is underwriting? How do you underwrite? Can you underwrite? Why is it important? How can you get a real estate deal? Let Grant Cardone teach you how to do everything real estate! You can become rich, it is possible, and your way to wealth is through real estate. Before you get into it, you must educate yourself. This show is your weekly class to start getting in the game. Grant has gone from nothing to 3,800 apartments in 4 states. Where will you go following him? The sky is the limit!
Feb 20, 2017
033: You Can Always Find a Good Deal
43:54
How can you find a good deal in real estate?! Understand the game. You’ve got to be looking everyday, and if you’re not making time to look every day you’re not committed. I get a lot of questions coming in saying, “How do you know it’s a good deal?” and so what I do is I actually build a spreadsheet so I know everything that’s on the market. It’s called a pipeline, so I have 20 properties in St. Lucie and I know everything about those deals so I know how much they’re going for, how much they sold for, how much they rent for, and how much they ran for. Are you ready to learn real estate?
Feb 13, 2017
032: Real Estate Deal Review
36:15
Grant Cardone and Captain Ryan talk Real Estate and go over deals with you this week! Are you ready to start investing in multi-family?! If you want your deal looked at, call in next week. You have to learn the game if you want success. A deal may look good at first glance but you have to do your homework!
Feb 06, 2017
031: When to Retrade
37:10

When you get into real estate, one of the things you should know about is re-trading. This is when any unanticipated changes happen to previously agreed to terms. This is basically when the purchase price gets changed. Maybe the buyer gets the property under contract and starts doing his due diligence and finds something that makes him realize the deal needs to change. I don’t do re-trades unless if two things happen:

1. I have to—sometimes you will find something new, and the deal no longer makes sense with the new data you have.

2. The deal goes on too long—it’s called deal fatigue. I get tired of a deal after awhile.

You don’t want to be known as a re-trader, but don’t be afraid to do a re-trade. Better them to be angry then you to be angry at yourself for doing a bad deal.

Jan 30, 2017
010: Buying vs Renting
39:59
Sep 15, 2016
009: Investing
51:19
Sep 15, 2016
008: Stocks vs Real Estate
59:30
Sep 15, 2016
007: Expansion from St. Barths pt2
59:58
Sep 15, 2016
006: Expansion from St. Barths
24:42
Sep 15, 2016
005: Why You Should Buy Apartments
48:34
Sep 14, 2016
004: Buying a Home is Stupid
48:29
Sep 14, 2016
003: Investing in Apartments
48:36
Sep 14, 2016
002: Walking You Through the Deal
1:00:17

Grant Cardone and Captain Ryan bring you a new edition of the Real Estate Show each Monday, again demonstrating that the best real estate always has multiple doors.

Today Grant walks you through one of his deals that he purchased in 2014. The building consists of 104 units, typically smaller than what Grant purchases but it is in an area where he already has many apartments.

Grant gives all the numbers in this deal, explains a bridge loan, why you should partner with someone, how to properly use Loopnet.com, and the need to scale out and don’t make the mistake of buying single family home. It’s the same energy to go big as it does to go small! Get the real deal on real estate each Monday as Grant will take your questions and give you all the details of his deals.

Sep 12, 2016
001: Find the Value Add
1:10:49
Today on Power Players Grant Cardone interviews Steve Griggs—best landscaper in New York—who says he doesn’t just do landscaping design, he does lifestyle design. At the age of 25 Steve knew he had to make some changes in his life when he found himself completely broke. Today, he attributes his success to showing up, doing his job, not saying no, and the willingness to go the extra mile when a client wants something. These qualities are transferable across any industry and are sure to bring you success. Be obsessed or be average.
Sep 05, 2016