You Can Always Find Good Deal - Real Estate Investing with Grant Cardone



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? Subscribe to the show at this link: https://itunes.apple.com/us/podcast/real-estate-investing/id1187980987?mt=2 www.GrantCardonetv.com http://www.grantcardone.com

Comments

  1. MILLION DOLLAR QUESTION:
    Grant, if you are telling us to NOT save money, how do we put a down payment on a 16 unit apartment with no money?

    Because we didn't save any money per your advice.

    Doesn't make sense. 🤔

    Didn't YOU say you SAVED 1 million dollars to buy your first deal? How did that money... "appear"?

    Did someone just gift you the million? You obviously did not save it... was it from a Life Insurance policy from your parents?

    How did you acquire your first million?
  2. how can a bank give you 75% of the property value and you only pay them back the interest per year, what about the prinicipal amounts? Grant, your calculations dont seem to make sense + the property expenses and taxes are not included.
  3. Why avoid markets with "cranes in the air?"
  4. Really an amazing mentor to follow - forget your beliefs and what you know or think you know - Keep Educating yourself - I am 47 years old and have been called obsessive/workaholic, etc. my whole life - His new book Be Obsessed... finally told me it is ok to be obsessed. Thanks for spending your time to fix your problems with all this content because it is helping me tremendously.
  5. Seattle
  6. Uncle G nailed it! You gotta look, look, look!! 100 looks will get you 1 deal!
  7. Ive been told that i will be rejected by the bank for a loan if I buy a big apartment property with no experience in real estate...any thoughts? I don't want to jump into a single family home or a duplex but If I'm going to be rejected because I'm young and have no experience then what do i do?
  8. Great show, Question

    I'm having a hard time putting some numbers together

    I'm looking at some deal in my area
    For example a 19 Unit Multi Family property in Waukegan, IL for 800k
    I'd put 160k down and finance the rest
    The deal claims to have a Net operating income of 65k per year so 5400 per month
    Debt payments would be around 3600 month (Assuming 5.5% interest for 30 years)

    Thats $1,800 net a month (without any repairs or remodeling)

    I currently have 1 single family that I bought as a foreclosure for $40k Fixed for 6k and rent for 1200

    I just don't see where the money is on this deal, maybe I'm looking at the wrong deal

    If instead of getting that deal I'd buy 3 homes for 53k each including repairs with no financing and rent them for 1200

    I'd get 800 net per home after expenses, maintenance and some repairs thats 2400 a month with no debt vs 1800 a month with 640,000 in debt

    And then I'd have equity for the 3 homes i bought cash to buy more

    Am I looking at numbers the wrong way?
  9. I can't find the training for real estate on the Grant Cardone store. Can you please add a link here.
  10. Why are crains in the air a red flag???
  11. Would love to hear how to find a deal on Toronto Ontario
  12. Bellingham isn't Seattle but that property is in a good location it's a historic downtown near the library and mount baker theater.
  13. Why does Grant say to avoid "cranes in the air, beware" development areas? We're closing tomorrow 15th so there's still time to scrap it! Help!
  14. Good content but I'd like to hear this topic specific to the car industry
  15. What does Grant mean with barriers to entry?
  16. Is there a minimum cap rate or NOI your and your investors will accept on a deal? All of the subject properties could be good deals if purchase the right way, like you say the area matters but I'm sure you have minimums as well. Thanks as always for the content G!
  17. Vancouver British Columbia. The market is EXPENSIVE and very difficult for the average investor.
  18. Grant let's hear about tax strategies.
  19. @Grant your calculations never include the expenses that property holds. Only the debt service. On the Seattle property your numbers were only the gross income-debt. Not gross income-expenses-debt... that property is probably a 1-2% cashflow if at all
  20. Hi Grant, would you say those principles work outside US?


Additional Information:

Visibility: 11524

Duration: 49m 38s

Rating: 241