331: REI "Not All Real Estate is Created Equal".

The Cardone Zone

Grant Cardone

Careers, Business, 025610

4.8 • 4K Ratings

🗓️ 4 June 2018

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stress test for buying real estate:
1. Does it provide cash flow with at least 4-8% a year (if it provides more than 8% you need to look with some magnifying glass cause there is probably something wrong!)
2. Time/money - is this going to be worth your time?
3. Do you love it?
4. Can you exit? Can sell the deal at any time?

If a deal makes 28% but that’s only $100 that’s not a good deal.
How many doors/units/tenants you have is the most important number in real estate.

Classes of properties:
A - (could be triple A) new or 1-3 years old
B - 3-20 years old caters to mix of white and blue collar, overall nice mix of cashflow and appreciation, returns of 5-7% before appreciation
C - 20 + years old
D - Inner city, tough markets

Transcript

Click on a timestamp to play from that location

0:00.0	He has the magic touch when it comes to real estate.
0:04.0	Patterns of our society are being disrupted.
0:07.0	Over 400 or 100 million in assets bought and sold.
0:12.0	Currently operating almost 4,000 units around the southeast.
0:16.0	Real estate investing made simple with Grant Cardone.
0:21.0	Welcome to the Cardone Zone every Monday.
0:24.0	Real estate investing made simple with myself and Ryan.
0:28.0	Real estate, Ryan Seco.
0:30.0	I got my team here, got Johnny Boy here, got Francesco here.
0:34.0	And I got Natalie, the real OG, the original gangster of all time.
0:40.0	Matt, we got a great team here.
0:42.0	I went blank here. I can't see myself and I'm looking good today.
0:45.0	I'm looking crispy.
0:47.0	Hey, good to have you here. 305, 865, 8668, 305, 8668.
0:53.0	Today we're talking about real estate.
0:56.0	A lot of you ask me about deals.
1:00.0	Some of you are assuming that because I love real estate so much, you think I love all real estate.
1:06.0	All real estate is not ladies and gentlemen not created equal.
1:14.0	Okay, God may be. Maybe God created man and woman in his own image and that we are all equal.
1:22.0	However, man built the real estate on top of the land and all real estate is not created equal.
1:31.0	Okay, go ahead, Ryan.
1:33.0	I have to admit, you know, throughout different phases of your real estate career,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Grant Cardone, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Grant Cardone and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.