Grant Cardone, successful entrepreneur, best selling author and real estate investor shares the secrets to multifamily investing. For over 25 years Grant Cardone has been investing in multifamily real estate. He believes the America is becoming a renter’s nation offering a great opportunity to create additional income. Grant offers so many helpful details and announces a new show where he will take an even deeper dive into the many things associated with multifamily properties. In this episode Grant discusses the reason one should invest in apartments:

Why to invest in multifamily real estate:
1. Preserve capital.
2. Protect yourself long-term.
3. Multiple flows of income.
4. Leverage (debt vs. money down)
5. Expenses paid by others.

He also offers concise definitions of terminology associated with multifamily investing such as Cap Rate, Price Per Unit, Pro Forma, Trailing 12 and Debt Coverage Ratio (DCR). Grant underscores that it is incredibly important one understands all that is involved so they can have the certainty and courage to pull the trigger. He suggests starting where you live, where you can go see units and understand the area. This episode of Cardone Zone sets up a new show that Grant will do on Whatever It Takes Network focusing on creating wealth through multifamily investing. If you’re wondering how you can get started tune in.

  • michelle10xlife

    #learn#multifamilyGrantCardone #makerain

  • AlexKneeland

    Great #topic GrantCardone

  • GrantCardone ask your questions here – How to buy apartments

  • michelle10xlife

    How do you invest if you have bitch money? What does an outside person do with 100k?

  • DavidRealtorCT

    here brothers

  • MrIsaacTrevino

    I have been waiting for this show! I’m so happy you’re going to do a real estate show every month! GrantCardone

  • How much is necessary to begin investing in apartments? I have one apartment that worth 100k that i live in… I’m trying to move from another city but i’ll have to rent the place in the new city… what do i do? Is it worth it?

  • DavidRealtorCT

    OK, Once my client decide the numbers match and he is getting investment a month, then i attack the price so he can get this property for less which will translate to more money a month.sorry for getting cut short.
    75% of my clients buy properties cash. i advice everyone its a mistake taking a home with 0 down.

  • SheriSuccess

    Finally someone explaining how to buy apartments! GrantCardone #whateverittakesnetwork 305 865 8668

  • AlanCiechalski

    Hey GrantCardone did you have any doubts in your ability to manage such huge property when you were buying your first units? 1.9M investment must feel quite scary if you do it for the first time. You really have to have guts 🙂

  • Stu Eazy

    Thank you for doing this show and thank you for allowing me to post a question. I understand using CAP rate at time of purchase but isn’t it a somewhat artificial number in that if the value goes up the CAP rate goes down? Would it not make sense to use NOI ÷ down payment to have a more accurate ROI ? Just wondering, thank you again, Stu Eazy

  • peterbolandcorp

    hey Grant, thanks for all the info. Im looking at buying my first one now. I know your writing a book, but in the meantime can you suggest one that goes over all the terms you covered in the video, and has amazing advice.

  • brettjcoffey

    Loving this show – Interesting being from Vancouver Canada to hear we are the number one real estate investors outside of the USA. My 12 year old son just signed up to be on WIT nation – his goal is to be making 5000 passive income by the time he is 24 through real estate. Love it!!!

  • brettjcoffey

    Question you said buy in your own back yard – real estate in Vancouver is over the top single family average 700k so anything multi-family would be nuts.  How would you or where would you go if you wanted to buy in the USA – 238k for a 8plex what a joke you can’t get anything in BC for that. Thanks for this – looking forward to hearing more.


  • iamjeffthornton

    Fantastic episode GrantCardone !! I’ve been looking into the Southwest markets Arizona, New Mexico, Utah, Nevada since we spoke in Mexico. Still new to this, but I want to say THANK YOU for all the valuable content and knowledge!

  • RichUrban

    Stu..The cap rate would only change if the rental rates in the area changed or if your management costs changed.
    Rich Urban

  • Jeff Beal

    Grant – Great show! Thank you for adding real estate segments to the CZ. Can’t wait until the next one. BTW – Loved Sell or Be Sold and 10X Rule. I re-listen to them both weekly. #10XLevel

  • StanSK

    wou!!! best show you have done Grant 🙂 
    thank you

  • Max Weber

    Awesome show G

  • Beachfeet

    If the money is not the issue, what is the best wat to find these Apt. Deals?

  • GrantCardone

    Call in next week and ask

  • Clint Bex

    What are your thoughts on buying in more rural areas where the prices are cheaper and less competition from a rental market standpoint?

  • GrantCardone

    Clint Bex the more population the more you are protected long term….don’t go so rural that home buying is cheaper

  • GrantCardone

    StanSK thanks stan

  • 1. preserve capital
    2. protect yourself & your business
    3. create multiple flows of income
    4. leverage
    5. debt paid by others
    6. expenses paid by others
    7. income

  • carlaval

    Love your show!!!

    I live in paris and the real estate is so high impossible for me to buy multi family even in the suburb.
    Do you think i should look for an investment in canada or US?

  • RichUrban
  • FJR

    I haven’t jumped to the large apartment.  I bought enough single family homes and condos to get out of the rat race.  If you are buying property make sure you listen to someone that owns real estate.  Most agents don’t even own a primary residence.  Trust someone to watch your kids that has grown well behaved adults.

  • GS


    If you were going to buy your first property ever and would like to buy multi-family real estate, but also live in it for the first year, how would you use the FHA loan to your advantage? For example if I put $30K down and bought a property for $120K and the deal made sense, would it be smarter to put that same $30K down as 3.5% for an FHA loan on a $900,000K property with more units if that deal makes sense too?



  • andyrodie

    RichUrban Hi Rich, will reach out to you, I am interested in the Florida market.

  • FJR

    @GS  With FHA you would be buying a 1-4 unit property.  I’m not sure where you live but you probably wouldn’t be buying a 900K property.  If you only have 30K to play with do not get in over your head.  Sh*t happens owning properties and you will drown without cash.  

    If you plan on living in a unit, because your are financing with FHA, then I would find a clean 2-4 unit property.  I invest in central california.

  • Stu Eazy

    Rich…thank you for your comment, it’s much appreciated.

  • I started learning about apartment buying back in 2001. I began by reading books on how to buy apartment buildings. I also went to a seminar on Real Estate investments. There was too much I did not understand nor did I have anyone to teach me to do it right. Now I feel like the time is right and I can learn with someone who has already done it …. I’m looking forward to learning how to do it right. I took lots of notes….

  • What is meant by Reserve Met on an apartment complex?

  • Jeff Beal

    When will be the next show on Buying Real Estate?

  • pauledwil

    Great Episode!!!

  • JesseShelby

    Excellent!  When’s the next apartment episode?  Looking to get my first deal under contract and want that ‘complete understanding of multifamily’!!!  Thanks GrantCardone

  • jmoffet

    When is the next apartment show coming? “Once per month”? This was in November. This stuff is GOLD!!!

  • Hey Grant,

    I know your not a CPA and you will advise to consult with our tax professional, and yes I will invest at my own risk but I was just curious.. What state did you build your entity in to invest in buy/hold real estate ( nevada- new mexico- wyoming), what type (LLC, S-Sorp)  and why?

  • Pablo

    Hi Grant,

    Thank you for sharing and teaching. I got the audio version for 10X , Sell or be sold, and The Closer a month and a 1/2 ago and now many things are happening!!! My sales are going UP , I did make two offers on some multifamily in NY, still looking for more, I opened an LLC for that purpose alone.

    I did not know much about Apartments, but here may be a good idea for your next  ” Buying Apartments Show”


    I LIKE KISS:  keep It Simple Stupid

    It calculates the NOI and overall return on current and future investment  (VERY easy to use)


    It calculates closing cost automatic ( very easy to use) 

    Titles sevices and lender’s title insurance
    settlement charge
    lender title insurance
    owners Title Insurance
    Govermment recording charges: Mort Filing fee/ Parcel ID CEnt/ Deed Filing Fee/ Trans Tax Affadvt
    transfer taxes.

    LoopNet: FREE APP
    you can do any search and filter and save as much propertys you want, all for free!!

    In their website you have to signup and PAY if you want to search more that 3 propertys.

    I also use

    TRULIA              (FREE APP)
    ZILLOW             (FREE APP)

    I also checked the county clerk website for the tax assesement  of the county where the property is located, you can get tons of information about the property there (all for free)

    To find out who are the tenants I use: 



    [email protected]

    No Hustle no progress.

  • ChristianRamirez3

    Grant! My man you are on fire with these shows! You are an inspiration for those after the American Dream and a better life. Thank you sir you are truly unique. I’ll be sending my video soon and working with you. 

    Takeaways: Preserve capital, Leverage, Multiple Flows, Passive Income

  • Awesomewhips

    Grant what are you referring to when you say Cap rate?

  • Awesomewhips

    Grant I’m currently in a place where I am doing the math, I am practicing the math. Find the knowledge, study the information, and

    lastly  practice. That’s what you and Bob The billy Killer are saying to do right. I’m on Loopnet I’m looking at deals that are with in 

    30 miles of my area. So I can study the math, practice with the math. Can you take a look at this deal

    Look at this deal  can you give me 10 minutes on the phone I’d like to compare notes so I can see what I came up with Vs what you did. i think it would be great insight and let me know if I am on the right path. I will Tell you right now I don’t think the deal works the DCR is a 1.1 it’s too low and the bank wont like that very much. Lets talk soon Thank you.

  • TerrenFaloh

    Super knowledge ep. Kudos.

  • Love it Love it Love it. Thank you so much Mr. Grant Cardone for this knowledge.
    I appreciate that you share your life experience. I took a lot of notes, i’m all inspired, and know doing my homework for my future Real Estate Deals. Thanks a lot. 
    @moses_maximov – Twitter, Instagram, and YouTube.

  • Max Charron

    Love that one Grant. I live in Vancouver, BC and the market has been totally insane in the past 6 months. The video is from 2014 and is bang on on 80% foreign investors right now in Canada hottest markets (Vancouver and Toronto). The money in mainly from mainland China and it is getting very hard to compete when the average single family is at the $2M mark and $650k for a condo.

  • kuroe702

    Mr Cardone, I was so inspired by you recently, I sold my big house in Redmond, WA for 960k I have a steady income that pays the bill. So I’m going to get all that cash for investment while I rent where I live with my family! 
    The areas I know that’s good and hot right now are really expensive and very few for sell. I saw one that’s in Seattle
    I don’t have enough cash to buy it out but you said it’s not a good idea anyways, in your opinion is it a good investment?
    Thank you so much for your time!