How to Make Sense of Rehab - Real Estate Investing

How to Make Sense of Rehab - Real Estate Investing with Grant Cardone: 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? 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. Watch this week's episode for all of our tips and be sure to tune in every Monday at noon EST to learn real estate. Contact ryan at cardoneaquisitions dot com to ask about how you can get involved in deals with us! Click here for more http://grantcardonetv.com/realestate

Comments

1. CAPTAIN RYAN IS MY DUDE. CAPTAIN RYAN--- SHOUT OUT BROTHER. KEEP PUSHING. KEEP GRINDING. KEEP BUILDING.
2. I guess the question would be why spend the money if you're only getting 30% roi? Or does the value at sale factor into it?
3. What if a buyer comes in and wants to see the worst unit
4. fire
5. Video starts at 1:45. Relevant info starts at 4:00.
6. WHY ISN'T 'THE $50 BILLION DOLLAR MAN' DAN PENA (IT'S ACTUALLY CLOSER TO $150 BILLION NOW) TALKING AT YOUR GROWTH CON GRANT?
7. Young realestate agent 19 years old,just started hope me luck.Goal is to sell 20 houses my first year and earn $200,000+
8. Grant, you should have teaching that... ;)
9. Hey GC send your property management company to San Diego. The majority here are off their game, getting sleepy at the wheel.
   Follow me Across it all Instagram, Twitter, Snapchat: @robert_beich
10. i need a ticket
11. he dont answer he too busy I bet
12. Grant, how do you find new tenants for your property if some leave when the rent is raised? Or when a tenant leaves how do you find a new one when you have so many units?
13. I'm in Miami b*itch !!