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My first real estate deal

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I want to give you my new Real Estate Book for free—just follow this link: https://10x.grantcardone.com/real-estate-made-simple-book This is the first house I ever bought! I paid $78,000, put $4,000 down, and rented it out $680 a month. For the first 6 months, I had positive cash flow, maybe $100 bucks a month. Then the tenants moved out. The lesson is to take your time with real estate, it's a long game. Never take short cuts. Subscribe and Comment to win a chance to a future Grant Cardone Event - $4000 value More information go to cardoneacquisitions.com Or for more real estate shows go to GrantCardoneTV.com/realestate #business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation Our offerings under Rule 506(c) are for accredited investors only. FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at https://cardonecapital.com/offering-1
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Text Comments (335)
Mister Keyes (19 days ago)
where do you get the money to buy 15 units bruh?
Richard Lombardo (1 month ago)
🔖WAKE UP PEOPLE, YOUR BEING ROBBED RIGHT UNDER YOUR NOSES.
Richard Lombardo (1 month ago)
🔖🤔let me just say this: when you Purchase a home, do you really actually own your home. Think about it for a moment? I buy a home and then I'm stuck paying Taxes for the rest of my life paying 💸📤📥🏛👈🤷‍♂️to us government. For a home I Purchase. I mean seriously why I am I paying taxes for my own home which I paid off. So in reality the government is and has been charging the American people for their own property and for what.....so they can continue funding other countries 💸🏛🌏 (the IRS IS THE BIGGEST CARTEL IN THE GOVERNMENT)💁‍♂️THE WORKING MAN IS A SUCKER. ✌
Ever Lendos (1 month ago)
Grant Cardone Id got some money saved up, looking to multiply it in real state. Please, please guide me, I would love to take a deal but I don't know where to start. What website do you find more efficient to find the better deals? Thank you!
anthony warren (1 month ago)
Hey. I’m just starting out. Have no knowledge of real estate. But I do have the capital.. I want to know what is the best thing for me to get started and what to do?
Montana Harvill (2 months ago)
Love these! More "starter tips" videos would be great Grant!
Carlos J Garcia (2 months ago)
Amigo eres un gran ser humano y sigo tu emprendimiento muy de cerca. Me gustaría pedirle un consejo. Q Dios le siga bendiciendo. 🙏🙏
Dash Sutton (2 months ago)
Who else thought the car was floating 😅
Healthy Temple (2 months ago)
Whatever you lost the first time will be restored.
AreYouGoodBro (2 months ago)
I was just asking a friend the other day about telling the bank I’ll live in a house of interest and then rent it out.. what would the repercussions be?
bigmig7877 (2 months ago)
Great info!
Michael Glatzel (2 months ago)
What was your second deal? Anyone can buy one house
kandarp vaidya (2 months ago)
I would like to learn about real estate more.
Nithin Vasisth (2 months ago)
love it, thank you
Ilya P (2 months ago)
I'm getting $900 a room in my 3-2 single family. Probably scaling up to 4-2 4-3 and again getting 900 room so maybe 3600 / single family house. More sustainable than Airbnb assuming good roommates
mike johnson (3 months ago)
Thank you for the Great info / $1,000 a Day " No selling"...funmakingmoney.online Find out How
Puscas 23 (3 months ago)
This guy speaks in all his videos that don't buy a house, rent it.. But he buys houses and makes money... Kinda let them houses for him
delta 25wolf (3 months ago)
Pay a little extra... only 58 million
Rahyan Evenson (3 months ago)
Hi I was just approved for a VA loan and looking to buy my first investment property. Do you suggest buying a Duplex as the first purchase?
Tyler Francis (3 months ago)
Love grant, but I never understood this about real estate: why do homes GAIN value as they get OLDER?
Tyronne Ratcliff (3 months ago)
When you invest in real estate you're playing the long game,great advice!
Yassin TV (3 months ago)
thanks for sharing about great advice.
Jha Ji (3 months ago)
Hey grant i also want to enter in real state but i dont have any direction or amy guidance,so can u help me.
Ali Pinar (3 months ago)
How bought you the second house?
Willie Faulk (4 months ago)
So how much do you need to have 4 thousand or 5 or 6
David Debernardis (4 months ago)
Thank you GC I been learning a lot after I started following you.
Valdemar Lima (4 months ago)
Hello Grant .. I follow your video and I’m learning a lot. Congratulations!! I wanna know, how can you managed your assets on the bubble in 2008? Thanks!!
Maamoon khan (4 months ago)
Ok grand. What was the intrest rate when you took the loan. Was it 6% ? And what was the time period for returning that. Was it 5 year or 30 year one???
rogelio nuñez (4 months ago)
If you do the math in 10 years you pay 78k plus whatever was the interest rate
L Calenda (4 months ago)
Thank you G! Love it. Real too
Olivia Marsh (4 months ago)
Rental houses ... What about renting restaurants or .... ....s? So many people want do different things. But thinking to do different approach still can sell but to who can do.... .... ..... ..
Olivia Marsh (4 months ago)
Good info
TheyRiseBand (4 months ago)
Single family homes are more than 1 unit. If the place has 4-5 bedrooms, that's 4-5 units. Since no one can afford traditional housing anymore, this living arrangement is very popular.
Hippie Island (4 months ago)
🙏🏽 watch these videos everyday and everyday your channel literally has a thousand more subscribers you’re legitimately successful in everything you do just like you said and I’m gaining so much from these videos thank you
Coach Miles V. (4 months ago)
Uncle G! I love my coaching business and being able to help people. But recently you have inspired me to begin saving my money and start looking for real estate. My goal is to make my first purchase at the end of 2019.
xpto41 (4 months ago)
From 17k to 700 million in 30 years
ahmed el grew (5 months ago)
yes it is very long game
Sonia Rivera (5 months ago)
Love ur spirit....
Ana Maria Oliver Estades (5 months ago)
Mi armiracion por ti ceses diaria tenes una buena liada con tu esposa
an23439 (6 months ago)
As a first buyer with little to no money to put down How can you buy a 16 units or more? sound more realistic buy a single family home. I mean if a bank will give you that type of loan great but these days for a normal middle class American 300k is the most a bank will lend you
Buster Biloxi (6 months ago)
"I lied to the bank." And you people trust this guy?
Grant cardone that is awesome man. Im thrilled that u have pushed yourself so hard to become so successful. You are the guy i look at because u know what it takes to get to where u are and u dont mind telling people how to become like u. I am poor my self. So how does someone like me get enough money to buy a huge deal. Im willing to take a chance on anything that i believe in with a passion. My problem is getting money
KING of FUN (7 months ago)
Thanks that helps a lot. I have a similar mind set. (I gonna get rich) so now I’m gonna rethink and replan to make sure I’m not gonna make a similar mistake. Just bought your real estate book and can’t wait until it comes in. Would you post a video about preparing to buy your first house. I’m 14 and planning on buying a flipper house in 2-3 years to sell. I want to flip and sell 3 times. I have a plan of how much I’m going to spend on each house and how much I’m going to put into each. After the 3rd I should have (still have a lot of room for error) enough money to get Iittle but of a nicer house to half flip and rent out
KING of FUN (7 months ago)
You may already have a video like that. I just started watching your channel about 2 weeks ago so I have seen all your videos
do u want to start real estate business with me
Paul's Mobile Homes (8 months ago)
Hey GrantI really like that video about your first flip. I am just going to get started with regular houses I’ve been doing mobile homes for seven years. And I found it into that because you know you can do the whole deal for about $8000 sometime. What is given me enough to Millie Arity with the whole process it on I’m confident you start getting into bigger stuff and watching your videos is very helpful.
Marshall Hawkes (8 months ago)
Grant, I have about $150k ratholed away...would you recommend I start investing in realestate and if so which avenue (4plex, 16, etc) or wait and continue to rathole away?
Grainsauce (9 months ago)
So where was he living when he was renting out the first house?? Wouldn't he be spending money on whatever else he was living in at the time.
m hammett (9 months ago)
They were prolly freaking out
Chance Halford (9 months ago)
thanks for giving everyone their address, genius.
Shaikh Arbaz (9 months ago)
just say hi to me
Brandon K (9 months ago)
Love watching your videos to get pumped up but come on...You didn't know how to upload in HD in 2017? People aren't going to think you're a fraud if you have a clear quality video.
HighRisk Junk (9 months ago)
How do I save the right way to be able to purchase the right deal? For example Uncle G you said don’t start with single family home because that’s what I thought you can start as, but to begin with a 16 unit. I want to start doing it the right way! Thank you !
Karen Gassman (10 months ago)
What are examples of other bad short cuts you’ve done in your lifetime? Maybe like a top 7-10 list of those.
Steve Kimble S. (10 months ago)
Grant, quick question: When you purchase real estate are you using your own cash, a loan, investor or all of the above? Thank you sir!:)
Josue Lopez (10 months ago)
Im from Houston and i want to start investing in real estate. Do you still live here?
Kaps Kapende (10 months ago)
Hey Grant, What are your top 5 real estate books?
Alin babuta (10 months ago)
5.000.000.000.000
Play2 Win (10 months ago)
Great video, nice to see the properties. My first was an apartment and I bought price as well, but it's small studio and my alternative was paying for renting it. It saved money from day one.
Jamie Campbell (10 months ago)
How did I know they moved out before you even said anything haha
Nina Klabucar (10 months ago)
Thank you Grant for these amazing videos!
Hard Road (11 months ago)
Thanks for sharing, such an encouraging story, stay blessed!!
GjoniStar (11 months ago)
Come in MONTENEGRO to INVEST !!!
Kenlyn Naidu (11 months ago)
Grant, I stopped smoking weed after watching your videos.. I just joined the real estate business and I've been grinding every day since... Thanks for the Information
ALL ABOUT TOYS!! (1 month ago)
how are you going in the real estate game?
Sid Harrison (1 year ago)
So the first deal you broke even on. On your second deal did you move into multifamily units? Or did you try again with the SFR?
Edison Arenas (1 year ago)
Do properties get expensier throught years no matter what?
Michael Semmel (1 year ago)
Need to get in the game but capital and credit are somewhat of an issue. I’m the only income .
mike kong (1 year ago)
yeLLOW! Lol!
Oliver (1 year ago)
How do i manage all the property when i have no idea of renovations, getting it rented and all the other details that come with it. Should i get a property managament firm to do that or will that cut my yield?
Tkwasi Isaac (1 year ago)
Two thumbs down for whoever disliked this video.
Jwest Muzik (1 year ago)
Question : I’m 25, and my question is .. how much money do you recommend to save ? What would you recomend for a first time buyer in real estate ?
ant p (1 year ago)
get to the point
Vv H (1 year ago)
3
Michael Alan Aguirre (1 year ago)
WIT---WORK, IT???
FELIX BAEZ (1 year ago)
Would you recommend wholesaling to a real estate beginner ?
Justin Sokol (1 year ago)
Wow I can't believe I'm hearing this rite now! Just for the first time in my life argued with a buddy who said jump in and just do a deal... I said no for the first time in my life I'm going to study hard for 30-45 maybe 60 days and then do a deal. Damn the timing of this is incredible. Learn to avoid making mistakes is key... Coming from a guy who always jumps in the pool! Badass
Justin Sokol (1 year ago)
That's awesome. Getting ready to do my first deal and am getting involved in meetings and groups and the hour Glass to a million just got flipped... Just a matter of time
LiteNRG 1 (1 year ago)
Bellaire Texas, definitely know that since I live about 10 miles away. Beautiful area but police are strict there, just like Meadows Place off US 59.
Antonios Lentzakis (1 year ago)
How do I start real estate?
steve (1 year ago)
Looking to get in to real estate in the uk. I own 1 property I live in at the minute. I could move in with my girlfriend and rent this out. Would you suggest buying another to rent out straight away?
Joe Scroggins (1 year ago)
Always great info Grant.
What if you would have remodeled that place made it worth what the neighborhood was worth I think you would have made a lot more money what you say 800000
Isao Gamez (1 year ago)
Thank you Grant I am saving my money and learning from you.
Mark Herron (1 year ago)
GRANT come buy my house just 3 blocks from the University of Notre Dame...I'm ready to go.
Sam Heninger (1 year ago)
I’d love to hear more about your first 5 years doing real estate. What challenges did you encounter in those formative years on the way to making life-changing money?
Teo G Poker (1 year ago)
I like how you scaled down your clothing and car to the neighborhood 😎
tyler cardone (1 year ago)
Great stuff.
September 19 (1 year ago)
My first deal was last year, bought a mansion on half an acre of land for 400k. Still working on fixing it, should be worth 1.5 million when I’m done. 28 years old. Go big or go home. Can’t wait to get into the multi-family game
T Pain (1 year ago)
Bout to make 250k on my first deal and only on 2 condo s not 80 units but I wud like to get 80 units but how do I get that kind of money
Kyle Pierce (1 year ago)
Just bought my second house, flipped the first one for 46k profit begining of the year, should clear 30k on the one i just bought. now i have some capital should I continue buying and selling or should i break into the rental market while I have some capitol built?
.Hello great Grant Cardone you are the man! I love you and admire what you are doing, I really appreciate it I got into my first real estate deal when I was 22 years old and I have this issue bothering me, hopefully You or other subscribers are able to help. I'm in the Israeli market and we don't have multi-family properties around here...the question is: should i buy and hold properties to build a large portfolio or I better buy & sell to increase my capital?
Ghost On A Bike (1 year ago)
how should i go about getting a loan from the bank i have a 780 and a investor and what is a good loan set up??
John Beechy (1 year ago)
OK uncle G that was very interesting for you to show us your first units love it
Steve Bracero (1 year ago)
Grant, love seeing your first deal and how you got started. I know you always say don't get started till you can bank 100k and never buy less then 16 units- I got my first deal as a primary residence FHA 3 units- and am now looking at bigger 5+ deals
CAP (1 year ago)
Flat hats are so gay
Dread Pirate Trucker (1 year ago)
Man this guy is cool. Lake Charles, Louisiana huh?. Beautiful place to be from. I give Grant Cardone 2 thumbs up. DPT
Liberty and Justice (1 year ago)
7:31 -- Grant, apologizing if this video was a little long? *WHAT?!?* I was hoping it'd last 10x ;) longer than it did! Hearing about your actual experiences when you first started out will *ABSO-FREAKING-LUTELY* resonate with a vast majority of us in the audience! PLEASE, more! *MORE OF THIS!* :)
INVESTMENTS (1 year ago)
Was that Bel-Air California
Andre Germain (1 year ago)
Thanks for that
Craig Eshmade (1 year ago)
Glad you over came that fear and dived back in deeper.
My Books (1 year ago)
thank you
Iwona Rudnik (1 year ago)
Ive got good deals here in my country what if I told you Grant that I have houses when I do renovation on them and resell we can make 70-80 percent on your capital ...are you in?
Iwona Rudnik (1 year ago)
these deals dont come around very often its coming from solisitors, evictions you know what I mean ..we lack capital we are turning around 100k in capital ...you know when there is house or flat for cheap price and there are 5 people intrested and 4 of them say wait man a litlle bit I need to call bank to sort out some mortgage and there is me coming with 100k cash and puting it on table ...gues who gets the deal ...or as Grant would say ....close the deal lol
Iwona Rudnik (1 year ago)
how can I get in touch with you my email is [email protected] ...
guy britton (1 year ago)
Iwona Rudnik I am , let me know

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