Grant on owing a bank $50 million
The Cardone Zone
Grant Cardone
4.8 • 4.1K Ratings
🗓️ 17 September 2019
⏱️ 67 minutes
🧾️ Download transcript
Summary
In this interview, Grant Cardone spoke about his real estate empire also tackled other subjects such as buying houses and why he feels that's the dumbest investment you can make. Along with that, he spoke about buying a $50 million private jet, owing a bank $50 million, his thoughts on cash, and controlling $1.2 billion in real estate.
Transcript
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| 0:00.0 | Alright, here we go. We have a real estate mogul and best-selling author, Grand Cardoan, in the building. |
| 0:12.5 | Hey, thanks for having me. Appreciate it. First time I've been called a real estate mogul. I don't even know what the definition of a mogul is. |
| 0:19.0 | I think you're the definition. You're the definition of that. |
| 0:24.0 | No, but I've always wondered what is the number? Is it a certain amount of units, a certain amount of square feet, a certain amount of money? I don't actually know what that term means, but... |
| 0:33.0 | You know, well, I mean, in some of your own videos, you've mentioned that you're worth $500 million? |
| 0:40.0 | No, I never mentioned that because I think the number... |
| 0:44.0 | You did mention that you said in that ballpark, $400 or $500 million. |
| 0:48.0 | Okay, alright, so I have control of $1.2 billion with a real estate today. That will become $10 billion fun. I'm 100% confident that we'll take that thing to $10 billion. |
| 0:59.0 | So I don't know what that does from a net worth standpoint, but there'll be plenty of money to take care of life's challenges. |
| 1:06.0 | Okay, $1.2 billion worth of real estate. And I guess it's like 4,000 units? |
| 1:12.0 | It's almost 7,000 units since you read that little thing, so we're growing every day. |
| 1:17.0 | Okay, well, listen, congratulations. |
| 1:20.0 | Yeah, congratulations. Me personally, I'm a stock guy, and that's what I push. |
| 1:25.0 | Yeah. |
| 1:26.0 | But I could completely respect what people do on the multi-unit side. |
| 1:30.0 | Yeah. |
| 1:31.0 | And that's how you made a lot of your fortune from what I understand. |
| 1:34.0 | Yeah, I just don't understand stocks, right? I don't understand a piece of paper. |
| 1:38.0 | Like, my argument is, why would I trade a piece of paper for another piece of paper? |
| 1:44.0 | Well, it's not a piece of paper, it's a part of a company. |
| 1:47.0 | Yeah. |
| 1:48.0 | It's a piece of a company. |
... |
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