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Real Estate: Analyzing Cash Flow—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?
Income—VIP parking, laundry…anything that people need and want that you can charge extra for.
Expenses—You’re going to have payroll, landscaping, utilities, insurance, repairs, taxes…these are all things that you can’t get rid of.
Debt—Principle and interest on the loan.
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. For more, visit
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post Analyzing Cash Flow – Real Estate Investing Made Simple with Grant Cardone appeared first on JV Pro.
To the loyal subscribers, here's to you! Kris has worked with people all over the world, helping them to succeed in real estate and in this video, he shares his private real estate community with us. This is how we get successful in real estate.
Watch and Enjoy!
Kris Krohn & Nate Woodbury
WORK WITH KRIS:
========================
Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options:
BOOKS By Kris Krohn
========================
The Straight Path To Real Estate Wealth:
The Conscious Creator: :
Be On Limitless TV
========================
Record your questions on video, and join me in a future episode:
MUSIC
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Tobu – Infectious
Artist:
Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0
========================
Video by Nate Woodbury (The Hero Maker)
BeTheHeroStudios.com
The post What Is My Real Wealth Community? appeared first on JV Pro.
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! Tune in every week to learn about Real Estate and if you want to invest with Grant, email Ryan at Cardoneaquisitions Dot Com
GrantCardone.com
The post Real Estate Deal Review – Grant Cardone appeared first on JV PRO.
Subscribe and comment to qualify for a FREE Real Estate Investing Coaching session with Grant Cardone.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post What Apartments to Buy – CardoneZone appeared first on JV PRO.
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. What are the difference between Real Estate and Cyrpto? A lot of people are asking what’s a better investment than real estate. I believe cryptocurrency will make it at some point, but it’s not there yet. Here are some of the differences between the two:
Real Estate:
"Real asset
Long-term investment
Generates income
Leverage
Wait for capital appreciation
Cryptocurrency:
Long-term speculation
Doesn't pay monthly
Digital ledger
Hope of capital appreciation
Should you Invest in Real Estate or Bitcoin?
If I only had 50k, I would take that money and invest in my energy. I’d make sure I eat healthily, have the right clothes, take care of my wife, make sure my kids are happy, and learn new skills that can pump up my income. The only thing that will make you money is you.
If you have 100,000 or more, make your first investment in something real that will pay you money. When I look at investment, I look at what will pay me cash every month. Income gives me confidence. There’s a reason why 90% of all money is tied into high-end real estate deals—because it’s been a proven winner over time.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post Bitcoin Vs. Real Estate – Real Estate Investing Made Simple with Grant Cardone appeared first on JV PRO.
Grant Cardone talks Millionaires and Real Estate Investing: I’ve said for awhile now that the millionaire is the new middle class. More and more people are becoming millionaires—and quite frankly, a million dollars is not THAT much money anymore. This isn’t 1970; inflation has been eroding the value of the dollar for years. You need to start thinking beyond a million dollars—$10 million, $20 million and higher. Part of the problem with money is that most people get financial advice from those who are struggling with or who have given up on money themselves. Most of the advice we get about money is from people close to us. Some of the people you get advice from have never even thought financial freedom was possible. You must look beyond the dumb advice of family, television pundits, blogs, get-rich articles, cute quotes on Instagram, and silly little sayings. If you want to become not just a middle-class millionaire, you need to become a $10 million-dollar earner.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post Grant Cardone talks Millionaires and Real Estate Investing appeared first on JV PRO.
Real Estate is about commitment. When you’re picking your spouse, you have to ask yourself if you want to be with that person for the rest of your life. You’ve got to be invested in the deal. You have to KNOW if you want to be invested in the neighborhood, whether you like the area, what rents are going for, and if they can be improved. Don’t go less than 16 units—that’s the rock-bottom number. Anything less, like 4 units, will be the first to get crushed in economic downturns.
Here a quick real estate checklist:
Do you want It?
WIll it support you with Cash FLow?
Can you exit with profit?
When you look at the NOI, you have to decide what you’re willing to chase. You need to look at deals that produce enough income.
Do you know what a 1031 exchange is?
It’s when you roll the profits of a deal (when you sell it) into a another deal. This allows you to defer paying taxes. Usually, you’d have to pay taxes on any capital gains that you make when you sell a property. Instead of paying it, you can roll that money into another deal. This is the way the wealthy trade up their deals and delay paying taxes. For more go over to
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post How to Underwrite a 3.5 Million Dollar Deal – Real Estate Investing Made Simple appeared first on JV PRO.
Real Estate Show: 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?
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post Real Estate Investing Made Simple with Grant Cardone: Top 12 Questions to Save Big in Real Estate appeared first on JV PRO.
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
You want to be the landlord and own where you rent and rent where you live. People take large apartments for granted in America. These types of properties are an aberration that other countries don’t have. Big deals are going to perform well over time. It’s Wall Street that’s going to buy them in the future. What type of deals should you invest in? Don’t go little. Go as big as you can. I recommend investing in 16 units or higher (preferably 32 units) that are cash flow positive. You should also be in it for the long term. The reason why small deal or single family homes are a bad investment is because they rely on one or a few renters. That’s why I don’t invest in small properties. The bigger deal you go, the more cash flow you’ll have to provide you cover during market corrections.
Know Your Market!
Before you invest anything, you need to know what market that you are getting into. Different markets allows you to get away with certain things. It should be in your neighborhood and you should understand what jobs are coming in, is it overbuilt or expanding, and what people are willing to pay for. Research the market. Call local businesses. Get a feel for the economics in the area. Find out where corporations are going to be. I’m investing in Orlando right now because I know Mickey Mouse will stand the test of time.
Manage What You’re Doing!
Most people fall apart when it comes to managing the asset. You get good at this with experience. Always have a backup plan. Never rely on one of anything. Go to to learn more
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post How To Pick Your Real Estate Market – Real Estate Investing Made Simple with Grant Cardone appeared first on JV PRO.
In this edition of Grant Cardone’s Real Estate Show the topic is on multi-family value-add.
When you are buying apartments, how can you add value to get more income? Tips to find the value-add in the deal include the following:
1.Rent Disparity— look for markets where there is a big difference in prices, where there are $800 rents in the ghetto and then jump to $3000 in other areas. Where’s the middle? Look for markets where there is big rent disparity.
2.Timing—there are certain times better than other times, and to know the timing you have to be in the marketplace.
3.Kitchens and floors— You don’t get a pool to raise the rent, but to make it easier to rent. Amenities make it easier to close the deal with people. Washers and dryers will cost money to install but will make it easier to rent for many people.
Would you spend $600 to get back $65 a month? Invest something to get something back.
Think about things people will pay for like parking or VIP trash pick-up. This is an incoming producing business so get creative. Don’t do baby steps in real estate. If you do, you’ll be punished. Save your money until you can go big. You need to be buying things that will produce income right away.
For more, tune in each Monday as Grant tackles your questions on anything and everything to do with real estate.
GrantCardone.com
The post Find the Value Add – Real Estate Investing with Grant Cardone appeared first on JV PRO.
Is there an ideal age for real estate? Is real estate a game for adults only? What is the perfect age to get involved with real estate? These are some of the questions in your mind and that's why you're here. Being in the game of real estate at such a young age, Kris is going to answer your questions so stay tuned.
Watch and Enjoy!
Kris Krohn & Nate Woodbury
WORK WITH KRIS:
========================
Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options:
BOOKS By Kris Krohn
========================
The Straight Path To Real Estate Wealth:
The Conscious Creator: :
Be On Limitless TV
========================
Record your questions on video, and join me in a future episode:
MUSIC
========================
Tobu – Infectious
Artist:
Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0
========================
Video by Nate Woodbury (The Hero Maker)
BeTheHeroStudios.com
The post Can Teens Invest In Real Estate? Best Age To Start appeared first on JV PRO.
The reason to buy real estate is to get rich. I’ve been investing in real estate for years and have bought and sold hundreds of millions of dollars in assets. I currently operate over 4000 units. Every Monday I go live to discuss real estate and explain the deals I buy and why I buy them. I want to discuss your deals too! There is risk in any investment. The only way to reduce risk is to know what you are doing. Why do I buy real estate?
1.Protect the capital
2.Income
3.Appreciation
Flipping homes is a sales job. Hotels are servicing people. Single family homes are to live in. If you want to get rich, get in on multi-family and scale out. Contact Ryan@cardoneacquisitions.com for more on how you can partner with me.
GrantCardone.com
The post Deal Review: Real Estate Investing with Grant Cardone appeared first on JV PRO.
CardoneCapital.com
Subscribe and comment for a chance to win a free ticket to 10X GrowthCon 2018. Real Estate Investing Deal Reviews with Grant Cardone: 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!
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Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and…
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post Apartment Investing vs Buying a Home by Cardone Capital appeared first on JV PRO.
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.
The post Real Estate Investing with Grant Cardone Live appeared first on JV PRO.
Today on the Cardone Zone Grant Cardone talks real estate. Don’t invest in stocks. Don’t do gold or silver. Don’t do an IRA. The best investment you can make is in real estate. Getting rich is simple.
1.Increase your income
2. Save the extra
3.Invest savings
Grant breaks down why real estate is the best investment and goes over various examples with numbers on the whiteboard. It’s better to get a place with many residents than just one. You don’t want just one door. Let renters pay the debt down. You can leverage your money to a high-degree in real-estate. You can buy a $2 million property for 500K. But to invest 500K you need to save 500K, and that requires a salary larger than 50K.
GrantCardone.com
The post Investing in Real Estate – Cardone Zone Live at 12pm EST appeared first on JV PRO.
Kris Krohn has built a real estate program that is so efficient and successful that you'd want to say goodbye to 401k's and IRA's. Kris has helped so many people to achieve financial freedom and here are some of them.
Watch and Enjoy!
Kris Krohn & Nate Woodbury
WORK WITH KRIS:
========================
Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options:
BOOKS By Kris Krohn
========================
The Straight Path To Real Estate Wealth:
The Conscious Creator: :
Be On Limitless TV
========================
Record your questions on video, and join me in a future episode:
MUSIC
========================
Tobu – Infectious
Artist:
Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0
========================
Video by Nate Woodbury (The Hero Maker)
BeTheHeroStudios.com
The post The Results of Real Estate appeared first on JV PRO.
Subscribe and comment for a chance to win a free ticket to 10XGrowthCon 2018. How to Use Wholesale Real Estate to Make Money – Grant Cardone: Many people want to get into real estate but don't have the cash to get into multi-family. Chris Rood says that you can use wholesale real estate to make money to build up your wealth. What he does is he finds motivated sellers who want to sell quickly, who are willing to exchange some equity for speed. He gets the house under contract and sells it to others who also will be able to make some money off the flip. He basically captures equity. The fastest way to make money is to go from money to money without ever owning a product. This gig does require skill, you have to be a people person and know how to connect with homeowners. You have to know the market, but most importantly skills get the deals. Selling is a learnable trait.
Remember, problems+motivation=deals
Learn more at
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Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and…
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
The post How to Use Wholesale Real Estate to Make Money – Grant Cardone appeared first on JV PRO.
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
Important is Price and the most important is Cash-on-cash.
Use the 3X rule to figure out what property you kind afford. If you can put down $100,000, then you can afford a $300,000 property. If you put down $1,000,000, then you can afford a $3,000,000 property.
Debt is not a bad thing. It’s not an expense—it’s optional. Dave Ramsey will tell you not to have any debt but everyone has debts. The fact that I have to rely on oxygen is a debt load. Debt is what gives you leverage to own a property that you didn’t even pay for. Debt is your friend.
How should you approach real estate deals?
1) Look at 100 Deals to buy (2 to 3)
2) Look at Bigger Deals- the small deals are how you will get wiped out
3) Learn your 4 Quadrants (price and cash-on-cash are the most important)
The post The Four Quadrants of Real Estate Investing appeared first on JV PRO.
Subscribe and Comment to win chance to become partner with Grant Cardone on Real Estate Deal
Multi-Family Key Terms – Grant Cardone: If you are going to get involved in real estate, you must learn the terms. Most people don’t know about the terms I’m discussing today.
1. Gross Scheduled Income (GSI)
GSI is the annual rental income a property would generate if 100% of all space were rented and all rents collected. If vacant units do exist at the time of your real estate analysis then include them at their reasonable market rent.
Rental Income (actual)
plus Vacant Units (at market rent)
= Gross Scheduled Income
2. Gross Operating Income (GOI)
GOI is gross scheduled income less vacancy and credit loss plus income derived from other sources such as coin-operated laundry facilities. Consider GOI as the amount of rental income the real estate investor actually collects to service the rental property.
Gross Scheduled Income
less Vacancy and Credit Loss
plus Other Income
= Gross Operating Income
3. Operating Expenses
Operating expenses include those costs associated with keeping a property operational and in service. These include property taxes, insurance, utilities, and routine maintenance. They do not include payments made for mortgages, capital expenditures or income taxes.
4. Net Operating Income (NOI)
NOI is a property's income after being reduced by vacancy and credit loss and all operating expenses. NOI is one of the most important calculations to any real estate investment because it represents the income stream that subsequently determines the property's market value – that is, the price a real estate investor is willing to pay for that income stream.
Gross Operating Income
less Operating Expenses
= Net Operating Income
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If you like what I am doing and getting results I only ask you pay it forward and share your SUCCESS with your friends.
And if you take time to Your comment below I assure you I will read them and try to respond.
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Grant Cardone own four private companies with annual sales of $100,000,000. As CEO and founder of Cardone Enterprises, Cardone Training Technologies, Cardone Group, Grant Cardone TV and Cardone Real Acquisitions with RE holdings of over $500 million. Grant is an international public speaker keynotes events on Sales, Motivation, Leadership, Culture, Finance and Investing. Also a New York Times Bestselling Author of seven business books and thirteen business programs.
Grant Cardone is the host of five weekly shows; The Cardone Zone focuses on Career, Business, Economics and Finance, Power Players an interview show collaborating with other highly successful real life CEO’s, The G&E Show The Business of Marriage with his wife Elena Cardone, Young Hustlers a Sales and Marketing Show for young millennials, and Real Estate Investing Made Simple on ow to invest in real estate.
The post Multi-Family Real Estate Key Terms – Grant Cardone appeared first on JV PRO.
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 32 units. You don’t need to sell a house. Mortgages are an obligation. You’re going to get killed with these deals. They don’t produce enough. Buy something that produces income. Little deals are traps.
You’re not in real estate if you’re trying to sell a single family home. You’re in sales. You might as well sell tennis rackets, shoes, or cars to make money.
You can’t grow if you don’t have cash flow. Cash flow is confidence. Sprint. At&T. Direct TV. They charge every month but pay dividends out to their investors every three months. They are smart.
32 units is your breakpoint.
You need to view investing like you do with travel. You don’t get a small plane and travel all over the world. You call up Delta and get a good seat on a major airline. You go for the big ride.
Big deals always win despite market corrections!
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GrantCardone.com
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Grant Cardone sits down one on one with The Lifetime Cash Flow Through Real Estate Investing Podcast. Grant talks about his first real estate mistake, and what he will never do again. Finding real estate is a lot like finding a partner. A girl may look good but you'll need to find more out before committing. Grant shopped real estate in Houston for years but never bought . He later wished he had pulled the trigger but used the knowledge he gained to move forward in San Diego and buy his first building. Look at deals and educate yourself on financial statements. What are concessions, what is potential gross income? Grant always looks at worst case scenarios. Never look at performa, take the trailing 12 month income and expenses, assume an increase in taxes, and how low can your vacancy go before you lose money? Know every bad thing about a property. If you can deal with worst case scenarios, you don't need to have fear in a deal. All in all, multi-family real estate is one of the best investments you can make if you do it smartly.
GrantCardone.com
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Earth is one of the best investments that you can make. If it has a building attached to it that produces cash, even better. In real estate you can invest in old, value-add, and new. I usually don’t invest in new but it’s a good time to do it when the price of old and value-add is going up.
I’m working on a $50,000,000 deal right now and I’ll tell you that if you cannot underwrite a deal like this, you have no business investing in a $50,000 deal. Don’t let the numbers and the process confuse you—stick around and become an expert at this game. Learn your market and get around people that are doing what you want to do. Never trust the pro forma and get accurate numbers for the trailing 12 and trailing 3.
When you’re trying to get wealthy, don’t cut corners! Learn to play a professional game by looking at bigger deals. The bigger the property the better—you’ll always get a premium when you scale out. If you collect cash flow over an extended period of time—appreciation is bound to happen. Market corrections will also happen. When they do, it’s the little deals that will get whacked.
In 2007 and 2008, it wasn’t the big deals that stopped producing income. It was the small deals. My huge deals continued to pay me every month. Look at your exit strategy before you invest in any deal. Understand that when you are putting more money down, it acts like a debt pay down. On small deals, on the other hand, the deposit is not enough to act as a debt pay down.
For my deal, I already know who will be my buyer when I sell it and my expected return. It’s a good strategy to pay yourself a value-add when you exceed your projects returns. For example, I’m expecting a 6% return on my deal and will pay myself 35% of the amount that exceeds that 6% return. I don’t need the money so if you’re writing up your agreement with other partners, you could ask for 50% value add. When it comes to real estate investing, I like to say— “Stick and stay. It’s bound to pay.”
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
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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.
GrantCardone.com
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The ReTrade with Grant Cardone
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Episode 3 with my Mastermind Colton Lindsay and AJ Mida
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Common Real Estate Agent questions answered! So many people have questions about the career of a real estate agent and the life of being a realtor, and I'm here to help!
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Come hang out with AJ Mida, Bryan Casella and Colton Lindsay on their next mastermind call! We do weekly FREE live calls.
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Another google Hangout with my Mastermind group in Real Estate. Colton Lindsay and AJ Mida.
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