How to Shop For Cash Flow Positive Real Estate - Grant Cardone
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- เผยแพร่เมื่อ 26 ก.ย. 2024
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4 Key Things I Look for When Shopping Real Estate - Grant Cardone: I was just in 4 cities in under 24 hours, including Panama City and Orlando. While looking at over 2,000 units, I want to share with you what I look for.
1)You must feel good about the place-I'm talking about loving it, not just liking it.
2)The personnel must be right-What kind of management is in place?
3)The processes need to be right-I'm talking lease agreements, background checks, maintenance etc. being on point.
4)The product needs potential-Look at the price from the past and what you think it will be in the future. Do you see it increasing?
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Grant Cardone Career and Bio
TV Undercover Billionaire
CEO - CardoneCapital.com Real Estate Holdings 2.2B AUM
Founder - 10X Movement Business Conferences Worldwide
Author - The 10X Rule. (Plus eight more biz books)
Philanthropy Grant Cardone Foundation - Support kids without fathers.
Raised Over 100M for Charites Apple PodcastsThe Cardone Zone on Apple PodcastsCareers · 2020 (420 kB)is4-ssl.mzstat... TH-camGrant CardoneGrant Cardone is the author of eight business books, thirteen business programs, and is the CEO of seven privately held companies. Forbes calls him one of the top social media business influencers in the world. Cardone founded and manages a real estate investment firm, Cardone Capital, with $1Billion assets under management. He also travels the world consulting Fortune 500 companies, small business owners, startups and governments on business expansion. One of his enterprises recently hosted The 10X Growth Conference at Miami Marlins Park in Miami, Florida with over 34,000 business people and entrepreneurs in attendance from over fifty countries. Mr. Cardone resides in Miami with his wife, Elena Cardone and their two children, Sabrina and Scarlett. Visit grantcardone.com for his latest blogs, news, tips, training, and where to catch him LIVE!
The information provided is for convenience only. It is not investment advice or a recommendation, it does not constitute a solicitation to buy or sell securities, and it may not be relied upon in considering an investment in a Cardone fund. Past performance is no guarantee of future results. Any historical returns expected returns or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. Investment in Cardone funds is available only to independently verified “accredited investors” through an offering made in accordance with Rule 506(c) under Regulation D of the Securities Act of 1933. Before investing in any Cardone fund, prospective investors should consider carefully the investment objective(s), risks, arches, and expenses. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of the data provided. Cardone Capital does not provide legal or tax advice. Prospective investors should consult with a tax or legal adviser before making any investment decision. This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.
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The knowledge that I am getting here is priceless. Thank you @grantcardone.
Nothing is solid though
Wish i had this guy guiding me .
Knowlowge is power
My god cardone all the KNOWLEDGE and GOLDEN INFORMATION we getting here !! GOD BLESS YOU AND YOUR FAMILY !!!! We love u cardone !!!
Possibly the best video from the last several months. I personally enjoy the real search aspect of the content.
good editing. The unedited videos are not as watchable.
“Never go to one place for one reason.” Spot on.
Could you explain please? Thank you
Explanation?
Well for example, if we go to a restaurant or bar, while we’re there we’re going to reach out to whoever books their live music. If we’re going to Mexico we’re going to check out some real estate or scope out the landscape and tree scene and see if there are business opportunities. I think he’s basically saying if you’re going to get on a plane then kill at least two birds; mix business with pleasure save the receipts write off at least part of your trip.
this is THEE greatest thing on the internet. very appreciative for you showing this GC!
The video is the reason why I moved to Pensacola FL five years ago
It is amazing "walking" around with you. You are so kind. Thank you!
Invest in manufacturing
I think I’ve watch this one video at least 12 times. I don’t know why this excites me but I keep watching it… 🤷🏽♂️
Same brother. What markets do you invest in?
These are my favourite real estate videos that Grant makes! Really shows what goes into buying properties
Yes indeed this guy is changing my life
Grant Cardone pretty much built my company with his videos mucho gracias carnal
DANNY SAUSEDO do you need a young hungry man to tune. I’m available and I believe a few days or years or associations we can both benefit each other
the absolute most important part of this video, the negotiation for the purchase, was fast-forwarded. why? i understand there may be some proprietary information being exchanged, so in those situations, cut the sound, but please don't make us miss the entire negotiation of a deal like this with a sales master like grant. that 1 phone call could have taught me more then this entire video!
My inspiration @GrantCardone The father (role) I never had. 💋💋💋
This is why l like Grant's way of teaching real estate investing. It is not all theory but live, on the field scouting. At the sametime tells you all the things involved in selecting, assessing and choosing the most right prospective properties.
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Love this this podcast, thanks for the free knowledge.
Text, More insight ☝️☝️on BTC, XRP, NFT📊REAL ESTATE 🏡 INVESTMENT!💯✅
I LOVE this video! Seeing you guys in the process is an awesome learning experience. Thanks again, GC!
Grant Cardone is always pitching Cardone Capital....kudos to him, Zig Ziglar would be proud.
I'm addicted! Been introduced to you by a friend and I can't get enough!!
Don’t knock the non sexy properties. Last year I bought a 14 unit for $300,000. Put $200,000 into it. I net $5,000 per month. I’ve got about 150 tenants as of right now. In my market im scooping up tons of properties that are right in the path of progress
GRANT!!! i have watched this video so many times along with your other videos about how to get started in real estate!! I'm so pumped to get in this game and you motivate me every day to know everything I can so I can master this game!! lets goooo
30:27 “By the way, always keep 13 in the back” hahaha
wjkrug on god 😂
A Glock 13 polymer semiautomatic striker fired firearm Always carry concealed my friends
Thank you everyone involved in the production of this material, it is truly motivating and inspirational. So much positive energy.
57:02 - Slick-Rick Ryan laying in some moves 😂
This is one of my favourite videos from Grant cause you get some i sight and they explain alot of how they view and reflect on deals
Just so interesting following you and Ryan around. I loved it and watched to the end... Thanks for the journey into deal analysis. Appreciate you Grant!
Thanks for letting me ride along :)
Awesome video. Thank you uncle G and team for documenting these visits. Keep then coming please. Good luck and I hope you make Sh*t loads of money uncle G. You deserve it.
Hey Grant, I have been following you since your epic appearance on Bigger Pockets. Love your energy, commitment and purspose in helping others to think and grow 10x. Videos like this with you out-in-the-field prospecting for real estate deals with Captain Ryan provide tremendous vaule, content and entertainment. Keep pumping out Real Estate content like this because nobody is doing it at this level of commitment.
Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert MRS JANE I thought I'm the only one trading with her
Wow I' m just shock someone mentioned expert MRS JANE I thought I'm the only one trading with her
She helped me recover what I lost trying to trade my self
My first investment with Mrs Jane gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Thanks for introducing me to Mrs Jane
Grant, Are you a long term holder over 5 years? What kind of IRR are you projecting for investors in these deals, and if we invest, are we investing in a portfolio or one property? This was the best video you have ever done. Appreciate the insight.
Cash flowing all of them and paying a minimum 6% monthly, quarterly? I'm seeing average returns closer to 10% cash on cash on the B and C properties. Are you going after A property, that is why the returns a little less?
Damian Leonard
The wizard answers 1 question.
Respectfully.
@Grant Cardone. Each and every video I watch of yours no matter how late I am , you always amaze me ! This first person on the job type video is the way to go. A lot of people are doing the write on a white board or showing a tv screen about how to put in the work. I have seen you bust out with them too but you really did it dirt nasty good changing it up with this style.
F*O*R *T*R*A*D*I*N*G *A*N*D* P*R*O*F*I*T*S * W*H*A*T*S*A*P*P * +/*1/*7/*8/*6/*7/*0/*1/*4/*9/*9/*9/*......
The real estate game makes a whole lot of sense when Grant explains it.
Listen. I'm a guy who knew next to nothing about cash positive real estate before this video and I'm slowly beginning to get it.
*Thanks for the review*
*+
Grant, I have lived in India for a couple of years and their newer Family Residential Complexes are HOLY I have to say. They have these Tennis Courts, Gyms, AC meeting halls, Club houses, Swimming pools, Kids Playground areas, Gardens and like 1000 units + ALL in one Complex....US Buildings compare nothing. You should check out some projects maybe
I've hated on Grant ... And I don't follow him much ... But he has 'real' passion for real estate - that shit is straight up admirable!!
this is a PhD class on investment. Fantastic Uncle G! Keep on rolling man!
@thiagozanetti what is phd?
Speechless!!!!! Thanks Grant appreciate you man. Very inspiring
His marketing mindset is out of this world man
Starbucks should sponsor Uncle G for all his drinks ..
Shit he probably owns about 4 of them suckers himself.
Grade school should sponsor you for not completing your sentences bc "..." at the end of your sentence is grammatically incorrect!
BreuckelensFinest he didn’t use three dots he used two. clown
Can't believe I'm watching this movie til the end 😅
And learned a lot 😁
I once leased a property for three months, live there ,got to now management and learnt so much
About how the owners , would turn the property lights off, for a few hours a day,hire migrant workers ,at homedepo
Pay them cheap to clean the property
You work real estate as seamless as your suits. You inspire me to work smarter, with transparency, and without a lazy bone in my body. Thank you for employing successful men and women who make this video possible. You the boss.
Love it when they landed and Grant gets funny asf. Love this guy
I live here in Orlando... Uncle G in my town buying everything... I like this video.
I lovvve the process...checking properties etc etc I am getting as excited as you guys do - even though I am "playing" on a tiny scale compared to yours.
Where do you invest?
I get up early too. ;)
I learned lots in my time..
I suggest NO coffee and substitute chia instead.. or green tea
Coffee & sugar are number one things that sends people to hospital
Wealth is worthless when your sick. Lets do this!
I enjoy your energy, and want you stay healthy
"hot babes" lmao grant was like wtf?
grant is hesitant to react. maybe because he does not want that kind of topic or he is scared that his wife might see it if he react on it. lol..
@@solo8827 It was just awkward and forced. "Know what they say about the beach? Hot babes." How old are we?
but the guy was right
Be a good shirt. “ ain’t ever gunna make a million dollars workin at bestbuy”
@@solo8827 I think Grant just doesn’t think about that when doing this kind of serious work . This kind of topic is a distraction from success .
Raw and uncut motivation bro my pockets aren't deep enough for 350k? Realestate deals but you got my word!! When they get that deep, And They WILL !!!... I will pay the ticket to learn even a small percent of that knowledge could change anyone's life!!You're frkn awesome 😎
You never think its the guy rolling down the street whit that Altima that is gonna buy a 25millions deal 😂😂
TheKasoy90 I thought that was a Nissan.
@@AlexisCarterNotaryMentor *facepalm*
Alexis Carter Nissan Altima
Yup.
Never let them know "Just when they think they have all the answers I change the question" Have a bank like Bill Gates keep your info on the down low.
Grant / Ryan - Awesome video. Would LOVE to see G's interview at the end. Put that thing on PPV. I'd buy in a second.
always keep 13 in the back!! Uncle G is a real one
I LOVE YOUR WAYS MAN..YOU ROCK!!!
2 minutes in and his mojo got me lmao now that's called charisma
The moment you realize this video was an hour long but it felt like 10 minutes
Wow I just realized that omg
so true
Yesssss! I've literally been under a fkn rock the last guy to hear your name but damn you got the juice....!!! No wonder everyone says your name like damn is this dude a rockstar in the market?? Yeah I see man I see
Why wouldn't anyone want to invest with Grant? best investment ever.
Greiguci Wootchie how long have you been investing with Uncle g? Can you tell me a little more of the process?
This Guy Is A Flipping Genius!
20:58 "It's got bad debt on it, I could assume the bad debt and save myself 3 million bucks" - What does Grant mean by that?
Deadbeat Super Affiliate That Grant has better interest rates.
Thanks GM!
@@geronimomaraboli4193 did you understand why GC divided his NOI by 0.55?
@@thebigb7220 5.5 is the cap rate, if you divide the noi by the cap rate you get the value of the property
The debt comes with poor discipline tho, make sure you add that part friendly
I been having a Grant webby day today!! Next time I'm starting around this time instead of... Man I'm too pumped to goto bed....smh but I love it man
This is great. Everything you taught me about RE, (I know nothing about RE), I used Transference and in 1 hr and 20 min. I used it to sell in 20 other industries! Outstanding!! Teach me more Grant. If you didn't require $350k liquid I'd invest immediately. Rob
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More insight on ☝️☝️ BTC📊 REAL ESTATE 🏡 INVESTMENT!💯 ✅
I really enjoy watching your program
I really feel like I was with you on the trip
Great job Cardone
The autopilot doesn't land the plane. It still takes nerves / skill to touchdown at 160 KTS with crosswinds and at times adverse weather and / or no ceiling visibility.
This is a really good video. I was hoping you would make a video like this. If you can do more videos like this that would be awesome because now I'm understanding how you perceive properties and things you look at for improving the property.
Panama City is awesome the hotel you passed the sandpiper is where we’ve stayed many times.
I just love 💘 this channel i just love how you guys are just real, feels like I'm actually there chilling 😎
Text, More insight ☝️☝️on BTC, XRP, NFT📊REAL ESTATE 🏡 INVESTMENT!💯✅
Thanks for the knowledge, Uncle G!
Mr Cardone for people who want to invest in Cardone capital do they need to be only U.S citizens or do even other country investors also invest with you?
This video is beyond awesome.
19:00 what grant is referring to is whats called " FREEWAY FRONTAGE"
This is an amazing video!!!!!!!
Hey Grant you're making me hungry watching this video man; You're incredible
29:28 Grant got some of that James Bond style.
Hey Grant! What's the formula calculation you use to come up with the profit?
yeah, I would love as well
I love this guy! This is the best education and value on youtube...hands down!
If the tenant wants to use their garage for storage or extra bedroom etc etc - thats fine -but you have 2 have outside parking for your tenants
Knowledgable. First class education! More, please.
Dallas Real estate agent......LOVVVVVEEEEEE this Video!!!!!
haha Uncle G!!!! Love the energy, love the drive.
Hoping that 'non accredited investors' is a thing in the near future, if so , I'm ALL IN.
Guarantee i'm not the only one !
Uncle G should be a real estate developer and build his own houses. He knows what a good location and processes feel like right. He can customize everything according to his will instead of running around to hunt for good deals. He can build good deals himself !
Property development is riskier and a longer process overall. Not saying it's bad though because you can get a great return.
King of estate as the passion is real
*Thanks for the review*
*+
Omy, I want to do real estate!🍀
Jessica N I want to do you 😂👌🏾
Freedom baby!!!🎊 love that!!!🏆
I like Grant he stages the entire complex those boys and girls are details. You make money in the details every time.
This is awesome training for me...thx you.
Grant's team - On your Cardone Capital site you focus on tertiary markets and value-add properties and Grant always talks about having at least a 10-12% cash on cash return. I live the the Sacramento area in CA and even though prices are not as high as other areas of CA. Cap rates are around 5% and most deals I've found have a return around 7-8% or less. What's the best strategy for this type of market? Would it be better to just wait for a better deal instead of trying to get a lower price on this type of product? -Thank you
Great advice like always! Thank you for the response!
This is bad ass content.
Street SMART....love his Style.... RAW....and Edgy....xox
He started with 350 000 So thats say a lot, a lot of ppl cant get this on the first place, its impossible in most of normal jobs
He started Cardone capital with 350k. He started his real estate journey flipping houses . He was cars salesman, he came from the bottom
5 stacks in the backpack and packing heat in the belt clip.... BOOM!
Great Day & Blessings Mr. Grant!
Really like the way you shop'em. Straight, Attentive and Blunt. Awesome combination!
I don't have $300k liquid, but per your words, there's always room for improvement . This being said, may I contribute by suggesting using Lavaliers for field recording. It cancels almost COMPLETELY noises in the background like your jet. 🛩
I hear you on my car while doing research as well. It really upsets me when the background noise screeches and I miss a good piece of info or a good 'quote'. 👍🏼
Just a pointer. I'm a very good observer as well and wanted to help with that little contribution. 👍🏼👍🏼
P.S.
Working on increasing my Liquid value in order to invest with Cardone Capital real soon! 👍🏼👍🏼👍🏼
Hate to cut this off. But I have a routine that gets me up in... Damn 2hrs. I'll be back for more on Monday brother
i love the idea of checking out the competition
Get up as the first stay as the last..do that all your life and your health presents the bill for you. You need to take some time to enjoy yourself or there was only work.
I love that you drive yourself boss
*Thanks for the review*
*+
@grant cardone
Adding $165/month to each unit will only increase your gross by $734,580.
I know the market there was averaging around 8% vacancy rate last I looked.
I'm going to assume that in order to increase rents, you will also be changing up the management and that may increase operating costs slightly.
Based on what you said, this property is probably doing about $3.1m/year NOI with a 5.5% cap ask. Expense ratio is about 40%.
Gross revenue around $5.2m. $5.6ish million before vacancy allowances. Around $1,265/unit per month asking. I'd guess a mix of 1/1 and 2/2 are the majority of the units at that price range since 1br units were around $1300/unit in 2017.
You are projecting rent at $1425/unit on average per month. That's a gross income potential of $6.3m
Knock off 8% for vacancy, $5.8m gross. Knock off around 40% for operating costs. Grand total is roughly $3.48M NOI.
$380,000 NOI increase at 5.5% cap rate is $6.9 million.
Total Property Cost after renovation: $60 million
Valuation of property after rent increases @ 5.5% cap: $63 million.
Internal Cap: 5.8%
Debt: Approx $30m (conservative ltv) @ 3.75% Interest only: $1.125m
FCF: $2.3m
ROC: 7.85%
How close am I?
@Lawrence L. I mean I don't have the numbers in front of me, but that seems to be what he's working with.
Also remember that a big chunk of the returns on these properties is the appreciation made from renovating and holding until management has successfully replaced the rent rolls to reflect the higher asking prices and using the cap rate as a multiplier on that result. All in a 1-2 year hold on this property will return around ~$6-8 million before fees. Since grant makes his money mostly from acquiring and then selling these properties and pocketing over 1% on each side, and also charging a fee on the gross rent generated (for management of the managing company) he personally makes around/over $1.5m on this deal in his pocket with no risk on his part and his investors make around $5-7 million on $30 million in a year, so around 15%. If grant is engineering it to make exactly 15% for his investors, it will be 15% and anything above that will be in his pocket or at least a large portion of anything above 15% will be.
It's a great gig if you can get people to fall for it.
What is the lowest return percentage are you willing to accept in doing a deal?
Jacob Pair sir do u think he’s gonna answer you really ?
"5,8 ,but i feel 7" when i have money " just killed me :))))))
Freaking awesome!!!! I want to be the cleaning company to take care this property. lol . Every time when I watch Grant cardone video I feel more likely to make a lots money and invest with him. FANTASTIC!!!!!!!!
GC carries a GUN? didnt know this lol
He loved your comment 😂😂
GC is a living inspiration... And a BLESSING TO US.. TO OTHERS...
30:31 I do tooooo !! And nobody knows!
He’s a Texan
@@lukewemhoff8894 He's from Louisiana....
LOVE THIS!! DO MORE PLEASE .. Working to be part of Cardone Capital in near future
this is like a mentorship session
Hey Grant, what do you think about Peter Harris? Are his books "commercial real estate investing for dummies" and "commercial real estate for beginners" worth my time?
Has anyone else reading this comment read these books to know? Thanks!
I Read his commercial real estate for dummies book its great
Quit reading and just do something
Andrew Hogan yes ! He's very informative and has identical teachings to grant minus the comedy aspect
Ian Simmons go walk properties. Run numbers, talk to agents and realtors..
Grant Cardone I sense sarcasm :D