Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Every second week of the month Grant talks about real estate. And this week he aired his follow-up episode to the hugely popular “Secrets of Buying Apartments”.

Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class.

Grant says: “Rent where you live, so you are nimble. Own what you rent out.”

Starting Tip: Go to loopnet.com and start searching the area you live in.

Surprisingly smaller units are sometimes better than larger units. Depending on the market, it’s more advantageous to have less people, smaller families, per unit—it saves on water, it saves on electricity.

What you need to look at:

  1. Price?
  2. How many units?
  3. Down payment?

Grant also takes calls, giving invaluable and free advice on what to do to take their real estate investments to the next level.

Previous Episode: “Secrets of Buying Apartments”

73 comments
joelwolh
joelwolh

look me up if you have any decent deals guys

Duke Quang
Duke Quang

Do you have any book about real estate? 


inge
inge

I accept your challenge Grant, lots of great info here. You've inspired me.

khoshayev
khoshayev

Good day Grand, thank you for being.


Miriam, I  bought the land and now about on selling process in Houston Texas and Baytown Taxes. I need connection to how I  can sale 20% BMV

GC jr
GC jr

Grant the 2 units that you showed in Savanna GA, the bottom unit had bars on the window, and the grass looks a bit over grown, that observatory data is telling me something right there. Follow me @awesomewhips

Ouishawnee
Ouishawnee

This is great. I'm learning something I never thought I'd have interest in. For people like me who have up until now been clueless- what happens next? So you have loan on the bank and possibly from a guy like Brooks. You start paying this back next month? So the idea is (assuming) to buy where a lot of people are presently renting so you are making money in return right away, yeah? Just trying to picture life "after the deal".

AndrewLacayo
AndrewLacayo

As you say, the point of real estate is the preservation of money. So, when going into a deal does one want to put as much money down as they can? 

LeeBourgoin
LeeBourgoin

@AndrewLacayo Grant mentionned putting at least 1/4th as down, and has shown an example of him putting 1/3rd down. If you think of putting more money, perhaps you could look at another deal, and make money work for you!

SuppleDavid
SuppleDavid

Mr. Cardone, I just watched this episode for the 2nd time - love it and looking at property tomorrow.  One question - in the figures you calculate on the show you factor interest on the loan amount, but what about paying down the principal - wouldn't that be a big factor in the viability of the purchase?

ajlovino
ajlovino

cant wait till you come out with your real estate products! im buying every book, audio book, seminar, webinar, literally everything! im 1000% confident your content is what is going to make me a millionaire! @GrantCardone

#witnation #financialfreedom

Jim Burlison
Jim Burlison

Hi Grant...I have been listening/watching you since 1987...started way back on ASTN with "objections overruled". My financial investment with your products are over 15k and i recommend your products/training to all. After 23 yrs in the car  business (all of which were great, except last 6 months when owners kids grew up and wanted to run without experience...blood is thicker than water) i made a complete career change into foundation waterproofing and structural repair. Long story why i made the change and dont regret at all. I have great credit, some money in the bank, annuity accounts and 401k. I have a burning for investment in multi-family(against everyones opinion) and willing to invest cash for down payment but nervous regarding personal credit rating at risk should something go wrong. Looking for advise/guidance on financing  property w/o personal credit rating at risk....Thank You! Jim Burlison (331)457-9265

RichUrban
RichUrban

Great video Grant.. We're wholesalers in South Florida & we'd like you to analyze one of our deals on your next apartment show :) 

Here's our most recent one:

Miami Duplex Built in 2000 4 Bedroom / 2 Bath on each side
Doesn't need any work

Currently rented through Section 8 - Section 8 pays $1600/month per side because of the size of building ($3200 month total)

Address: 7713 NW 2 CT Miami , FL 33150
Listed for sale at $172,000
Nearby Comps showing property to be worth $300k


Rich Urban
http://www.southfloridainvestors.com

LeeBourgoin
LeeBourgoin

@RichUrban Listen at 33:40, M. Cardone mentioned not being a section 8 guy. I'd consider showing another option to him! :)

LeeBourgoin
LeeBourgoin

@RichUrban Oh I see! I didn't know that. Thanks for the piece of info! 

Hope your deal is worth it and that it goes your way :)

RichUrban
RichUrban

@LeeBourgoin @RichUrban Lee - You don't have to rent it out section 8.  It's currently rented section 8 - You can actually get about $150 more per side if you rent it out privately.  I've rented both section 8 and regular tenants.  Both have their negatives & positives.  

Mattkippenhuck
Mattkippenhuck

@GrantCardone I'm wondering how you manage these properties that are in other states. I'm looking into buying some property to rent in locations outside of my city.

FJR
FJR

@Mattkippenhuck You need to build a team in the area you want to invest.  Look me up if you ever want to invest in Central California... Fresno area.  I'm grinding everyday looking at deals.  I own and manage real estate, have a real estate license and will give you all my insight.  If you are successful, I will be. Google me... Franklin Romine, Fresno.


Good Luck!

JoLynnBraley
JoLynnBraley

@GrantCardone Thanks! this is not something I've considered before but you're opening my mind to the possibilities. Wonderful!!

JaredMoore
JaredMoore

If you write a book on this type of stuff can I be the first to buy it?

Willard Howard
Willard Howard

Great Show Brother. Building wealth through multi family real estate is a great choice that if more people understood would instantly pull millions of families from the working poor and middle class into a life of prosperity. Thanks again for the valuable content.  

DB Fresh
DB Fresh

Best show yet. Can't wait for the next apartment episode. Keep the fire coming Grant.

adamweby
adamweby

@GrantCardone  once I have my 100k saved (almost there) would you recommend partnering with someone for 1st apartment deal? if so, where would you look for such a partner?

possimpible
possimpible

Hi Grant, I just wanted to say great show as always. I learned a lot and I did have a question about what you said on the show. I live in San Diego and the housing market is really high and I liked what you said about living in the house first then rent it out. Should I try looking at other cities or play the waiting game.

GrantCardone
GrantCardone

@possimpible your market will only get more expensive ----there is just no place to go - the only problem with SD is you aren't growing jobs... you can't go to another market unless you are going there to

AjLovino
AjLovino

also the las vegas units are 100% occupied

AjLovino
AjLovino

Grant! just looking around my area to get my feet wet and learn about multi family. theres a listing here in las vegas. $500,000, 6 units, 6,600sqft building. noi is 42,000. units are in a decent place, and newly renovated.couple questions.is the noi an annual figure? also my credit is horrible. assuming I get a high interest rate would this property make sence?

Whatever it Takes: http://witnation.com/video/cardonezone/buying-apartments/#ixzz3OS0iQxGY

LeeBourgoin
LeeBourgoin

OMG, just from doing this little exercise, I realized up to what point it would be ridiculous NOT to invest in multifamily apartments. Great stuff M. Cardone, keep it coming! #10x #WhateverItTakes

Brad Thomsen
Brad Thomsen

Your thoughts on owner financing on a note versus conventional financing when buying? Appreciate your Buying Apartments Shows. 

lisa10Xer
lisa10Xer

Just finished a week of hustling, gonna get my dose of Mr @GrantCardone , Been watching nothing but YH and CZ in the evenings, it's like a drug, I live off these shows, 10X it !

jcast0723
jcast0723

It's amazing how much I've learned in this one episode; Grant Cardoe you're an inspiration.

ctblackmorepko
ctblackmorepko

I am willing to do "whatever it takes" to get you as my investor wholesaling  properties, bring me on your sales team. Iv'e sent in videos , I call you  showing my ignorance  on here everyday to get your ATTENTION!!!!. I need a Mentor because I don't know exactly what i'm doing but I KNOW THAT I WANT FINANCIAL FREEDOM AND IF YOU GAVE ME THE OPPORTUNITY, I WILL DO WHATEVER IT TAKES TO GET YOU ON MY SIDE, TO WORK FOR YOU.  I have read all your book , I watch you almost every time you're live and I believe you will the best Mentor I can have because  the information you speak I sticks in my brain! I AGREE 110% WITH YOUR MESSAGE TODAY AND HAVE BELIEVED IT FOR AS LONG AS I CAN REMEMBER. I am your guy next to Jarrod of course