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Uncle G brings it for free every Monday with captain Ryan. Today on the show Grant advises to not chase your budget. Finances are won on offence. When you don’t have money, you need to get other people’s money. Who’s got your money? Don’t buy deals you wouldn’t look at if you had a bunch of money.
The fact is, we all get stuck finding money no matter how rich you are, so the thing to keep in mind is the deal is what matters, not how much money you have. Most people do deals based on how much money they have. There is no such thing as no money down because you will have to exchange something with them—sooner or later the money will have to come from somewhere. Where can you go to raise money? It’s out there, you just have to find it. Act as a broker and act like you know what you’re doing.
Here are 3 things to ask before going into any deal:
1.Ask a woman to tell you how she felt around the property. Just like when you go into a room, you know how it feels. How does the property feel to you? This is subjective, but ask yourself this.
2.Go over the numbers, the T12. This is objective. Do the numbers add up and make sense?
3.Go look at worst case scenario. Go look at the worst year ever. Will it still break even if another 2008 happens?
#business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation
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But why are they selling it? usually great places or good places are not being sold and the ones that are sold are very expensive, for example, in my area they are asking $13M for a small building! So, how do I find great deals in 2019?
I'd like to see a formula (math) on how to pay back my investors. I will demolished an old house and build a small apartment complex in a low income community. Maybe 8-12 units, or whatever I can fit in a quarter acre lot, inherited and paid off. I would like to have family invest 10k and pay them interest only for two yrs. Then pay them off. What is recommended for this formula?? Thank you!! Units would rent for 600-700
you say don't waste your time with small deals,evryone has to start somewhere...I don't understand the steps to take if you are saying buy 16 or more units and I don't have a 10% down payment for those units
As someone who wants to obtain knowledge and has a big student mentality, I love watching the passion and enthusiasm you have for real estate investing. Finding investors is hard without a network of people with money but now my goal is to achieve a network of investors and will go big!!
well? everything was so fine till so far...But what the heck happened with the $2.7M loan repays? Where are the monthly or annual payback amounts in those calculatuions???))) Is there such a bank just waiting interest reimbursements but not the principal?
Grant can you please do a vid for the younger crowd. In the early 20s please. Who’s coming up in life who wants to get into real estate. Or let us know how much to save to get started. Because I’m poor as shit. And when I do get money I wanna do something great with it
Uncle G if you pay 11.5% per year on my money i lend you 1M, so i can't stop been an active landlord and just focus on my passion that is music but i never have time to dedicate, I wish i can receive an $11,500 check on the mail every month and have all my hands off
This was amazing! I've always wanted to invest but never had the money to do it, I plan on taking this and applying it ASAP! Going to use this and this free contract I found on another channel very soon! http://bit.ly/2CWs0hz
Everyone. I'm super hungry for this. I will search for deals 25 hours a day. I want to learn the numbers of this. I great with IT and great in sales but It's BS income and I want to be free. If anyone has any tips or resources or would like to network, feel free to email me lblockerwr-at-yahoo.com. I may only have a salary right now but I'm becoming a millionaire but next year!
Mr Cardone, I just did the calculation on the deal you were able to find it's price. you mentioned the return on that investment was 11.5%. however you forgot to calculate taxes on the property as well as insurance that's a big expense that eats up your net profit. I am sure that taxes on that property would be about 1.5% so another $55500 out of the $115000 that leaves you with $59500, and after you take out the insurance God knows how much you would end up with. SO how do we offer investors the 11%?
HERE is an idea for everyone that is looking for subscribers, however everyone reading this post subscribe in each others channel, I NEED subscribers as well, and please watch my video on
Hello Uncle GC, I am working on a deal of 5M with 32 units, I only have about 40K, however my friends that are willing to invest up to 20%, I already checked the vacancies, the gross income, good thing that this MF complex in most of the cases has 2 vacancies, and all contracts are 1 yr. the cap is just about 5%, so my questions is how I am going to be making money on 5%, that is only 2k per year.
thank you for your time.
Pilot of the jet? WHY? I am an ex 15 year corporate pilot, flew everything from Lear 24,25,35,31's to Citation 2's, 5 Ultras to Citation 3's, and I'm here to tell you the only reason you're still the pilot of the jet is simply because you love the view....or you love telling people what you do! Those can be the ONLY reasons! If there is soooo much money in real estate (like I'm sure there is.) There is absolutely NO reason to keep flying! Maybe status...but really? Come on man! Let me lay out a plan for ya. Step 1: Trade Nadex Step 2: Take money made from Nadex and invest in Marijuana stocks, don't BS me that is a huge and growing business. Step 3: Invest money made into real estate. Get outta the F'ing plane man...good lord!
this is is the second one i am watching in 2 days
after i have watched you on London real , i watched your 2 hour podcast yesterday and today i watched the 45 to 48 minutes on London Real again.
much respect and much love
can you perhaps send me/ us the formula you used.
Makes me sad you poo poo flipping. I've taken 10k and turned it into 250k in 6 years. (Better than 11%) I like your take on investing was debating sending 100k your way to see how it works but don't make 200k a year.(Yet) Passive 11k sounds nice on an investment but 200k for 2 years and you already have your own thing going. Flipping is a way poor people without connections can get rolling. My first flip was my own home that got me a mortgage at $125 bucks. Not all of us are big deal salesmen. No reason we can't finish strong with other ideas. Let ppl know if you are allowed to work with regular folks instead of just the super rich.
I’m a guy in my early twenties with a mediocre contract job and no credit since I’ve never had enough money or income at one time to justify it, and definitely no experience in real estate. The fuck is this guy saying, no bank or person is going to lend me shit no matter how well I sell myself.
Everything he says is true but only for those that already have built portfolios....I am just starting out, after I bought a 4 bedroom house, rented out 2 of the rooms, and started to see a small cash flow that made a difference in my world! We saved up and bought a second condo 6 months later, in which we rented out completely we started to see more cash flow! 💰 now we are saving up to buy another investment condo....hopefully in a couple years when we reach that point I will come back and watch it again...my whole point is, start small and this is the bigger picture 🌈 stay blessed
Does your "bottom line after expenses" value of 48% include the principle payments on the property? I did the math with it not including the principle and your ROR drops from 11.5% to 2.5%. Thanks for the response!
i started with. Wholselling. That thought me how to structure the deal.. and made enough money for downpayment.. and build contacts with guys that had lotta money..
Had 200$ and a pregnate wife.. scared to death 13 years in prison from time 16 years old till 29.. studied real estate whole time.. 8 years out 13 flipps in nashville tn and alot of other stuff for sale right now.. sons going to good private school great to see these vids sometimes i just need this fuel help with the fire.. easy to do this stuff.. ONCE MADE THE DECISION TO DO IT.. im hear watchn all grants vids all day lookn for new ways to get in rentals.. which im needn bad.. made alot cash n past 8 years but got lotta bills too.. NEED INCOME..
I would like to invest in a multi-family real estate investment , but I do not know where to start. Is it possible to make a video on this? I am also confused with buying units. Like for instance lets say I buy 30 units do I need to worry about the land tax etc. And if I buy a full multi-family real estate property what expenses do I pay for? Like could you make full video from a to Z. Including borrowing money from banks... Oh yeah I am from Canada.
Do you guys donate or invest in urban agriculture projects ? We would like to build capital to expand our organization in Ohio.. What do you suggest if friends aren't available for investing? What would be needed to convince a investor to invest in a conservation or urban development projects. Is there a public domain or specific website that list donors who have given to charitable causes.
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