162: How to Find Your First Deal

The Cardone Zone

Grant Cardone

Business, Careers

4.8 • 4.1K Ratings

🗓️ 10 April 2015

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class. Whether it's jobs and careers, finance, entrepreneurship, Grant's real, raw in-your-face delivery serves as a wake up call for anyone ok with just being comfortable. The Cardone Zone is like no other business show presently on air. After one viewing you'll be inspired to make success your duty, responsibility and obligation as you break free of the middle class and break into true freedom.

On the second Friday of every month, Grant does a real estate episode on Cardone Zone. This week Grant talks about multi-family apartment buildings.

You have to be completely sold on investing in them. The deal size you should be looking at is 3-4x the size of your savings for the investment.

For example: If you have 50,000 you are looking at 150,000-200,000 investment properties.

Go within 5 miles of where you live. You need to understand the neighborhood, because if you don't your certainty goes down and you won't pull the trigger on a deal.

How Do You Start?:
• Pick a Neighborhood You Know
• Determine your Down Payment
• What Cash Return Do You Want? 10-12% Cash Flow

Remember that 'Cash Flow' is king. It is the most important financial business decision and understanding you must have to stay in business.

Transcript

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0:00.0	Each one of us can build wealth, replace scarcity with abundance, replace
0:06.5	average with greatness, replace uncertainty with conviction. Success is there for
0:11.9	the taking. Small business owners, entrepreneurs,
0:15.4	startups, and the ambitious. Grant Cardão tells you what you have to do to
0:19.8	prosper in this new economy. He'll inform you in everything business,
0:23.8	finance, and career-related. Get ready, find the knowledge for your success,
0:29.3	it's all here right now in the Cardone Zone.
0:59.5	Welcome to the Cardone Zone. This is our real estate show. You can call me 305-865-8668-305-865-8668. We're
1:15.5	doing the real estate show today folks. Real estate with Grant Cardone and the Cardone Zone on whatever it
1:21.6	takes a network. Yes, I am crushing it. We're also periscoping this right now.
1:28.7	For those of you who are on whatever takes a network, if you want to, if you've subscribed to
1:35.7	the channel and you're getting this, if you want your first, no, I never take
1:40.6	biagrists, somebody just asked me on periscope. I do not take biagrists completely,
1:44.2	unnecessary, ridiculous. If you're having a problem with erections folks,
1:49.3	it is because you have a problem mentally with your interest in procreation.
1:57.1	Handle that and you will not have a problem with erections anymore. Okay, but today we're not
2:01.7	talking about that. Today we're talking about real estate, real estate apartments. Many of you know
2:07.2	that I have bought, I have done, had a real estate business now for, I don't know, 25 years.
2:13.5	You going to come over here for a burqa? Swack over here with some confidence. Okay, come on man.
2:21.8	There you go. And I bought and sold multi-family real estate, which means multi-family means
2:29.0	apartment buildings, apartments, you know, four units, eight units, ten units, 12 units, 300 units,
2:36.5	that you rent to people. Okay, this is not single family. I'm not talking about single-family homes.
	...

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