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The Cardone Zone

158: How to Buy Multi-Family Apartments

The Cardone Zone

Grant Cardone

Business, Careers

4.84.1K Ratings

🗓️ 13 March 2015

⏱️ 45 minutes

🧾️ Download transcript

Summary

In this previously aired episode, Grant Cardone, successful entrepreneur, best selling author and real estate investor shares the secrets to multifamily investing. For over 25 years Grant Cardone has been investing in multifamily real estate. He believes the America is becoming a renter's nation offering a great opportunity to create additional income. Grant offers so many helpful details and announces a new show where he will take an even deeper dive into the many things associated with multifamily properties. In this episode Grant discusses the reason one should invest in apartments:

Why to invest in multifamily real estate:
1. Preserve capital.
2. Protect yourself long-term.
3. Multiple flows of income.
4. Leverage (debt vs. money down)
5. Expenses paid by others.

He also offers concise definitions of terminology associated with multifamily investing such as Cap Rate, Price Per Unit, Pro Forma, Trailing 12 and Debt Coverage Ratio (DCR). Grant underscores that it is incredibly important one understands all that is involved so they can have the certainty and courage to pull the trigger. He suggests starting where you live, where you can go see units and understand the area. This episode of Cardone Zone sets up a new show that Grant will do on Whatever It Takes Network focusing on creating wealth through multifamily investing. If you're wondering how you can get started tune in.

Transcript

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0:00.0

To one of us can build wealth.

0:02.6

Replace scarcity with abundance.

0:04.4

Replace average with greatness.

0:06.4

Replace uncertainty with conviction.

0:08.7

Success is there for the taking.

0:11.4

Small business owners, entrepreneurs,

0:13.7

startups, and the ambitious.

0:15.6

Grant Cardone tells you what you have to do

0:18.0

to prosper in this new economy.

0:20.1

He'll inform you in everything business, finance,

0:22.8

and career-related.

0:24.4

Get ready.

0:25.6

Find the knowledge for your success.

0:27.7

It's all here right now in the Cardone Zone.

0:57.7

To a special edition of the Cardone Zone brought to you

1:01.7

by whatever it takes network.

1:04.7

My name is Grant Cardone.

1:06.7

Welcome.

1:07.7

You've made it to the zone, the place where we talk about business, career, and finance.

1:11.7

What we do whatever we can to get your game on, baby, to get you ready, to get you going,

1:17.7

to get you where you need to be.

1:20.7

Where you deserve to be.

...

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