When it comes to real estate, Grant Cardone has the magic touch. He’s been investing in real estate for years and has bought and sold over $428-million in assets. He currently operates almost 4000 units in Florida, Tennessee, Georgia and North Carolina. Every Monday he will go live to discuss real estate and explain the deals he bought and why he bought them. There is risk in any investment. The only way to reduce risk is to know what you are doing. You need 3 things: 1) Know Real Estate, 2) Know the Market, and 3) Know the Deal.
Another way to buy into Real Estate without downpayment .... what we do is do a renovation loan on top of the loan we do to buy the property. Usually the bank wants 20 % downpayment with my own money. For that part, We do a renovation loan and on receipt of estimates they release that reno-money. This way we do 100% of the total amount we pay for the property. It is cheating a little bit, but it works. We bought 6 properties this year with about 30 living units (studio's, apartments)
Great show, learned a lot on this episode. Just one question: what if you have been to your power base and was unsuccessful in raising any money? Where would you try to find money from next?
I got a couple hundred grand to invest but Im in Asia and Im from the UK - where can i invest? Can I invest in Grants fund?