Streamed live on Oct 16, 2017
10 Biggest Mistakes You Make When Buying Real Estate – Grant Cardone—
1.You’re not buying: If you don’t buy, it’s because you don’t know what you’re doing
2. Buying too small: This happens when you become scared thinking that big deals are riskier. This is false, small deals are riskier.
3. Buying on a Budget: don’t be confined to what you can “afford”. Don’t have a budget when you buy, have a budget when you own.
4. Believing the Pro Forma: don’t put significance on a fairy tale.
5. Underestimate expenses: taxes and insurance aren’t fully understood.
6. Not funding Capital costs—roofs, carpets, etc. need to be funded, so set some aside for when you will need it.
7. Over leveraging—borrowing too much money.
8. Under leveraging—not borrowing money.
9. Buying on CAP rates: If you’re only looking at 8 caps, you’ll miss out on good deals that don’t fit your criteria.
10.Not knowing: ignorance is not bliss.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
COMMENTS • 24
Katrina Carter1 week ago
I don’t know what they call you, but would like to know!!
leilan ragin-garcia1 week ago (edited)
Grant cardone am going to build a school in you name when i finish the million dollar game
View all 2 replies
Aykut3 days ago
Grant do you know what you have on Tai Lopez? Tai underlines the importance of edutainment & i completely agree. But his entertainment is only made possible, via his ability to place good value propositions on the things around him. You however, are the entertainment.
Aykut2 days ago
Who the fk has entrusted someone that needs to call Grant for advice with their 600k?
Aykut2 days ago
Grant i hate to be a bitch but you didnt have to sell your deals, in order to get into bigger deals. You couldve used that excess money that you had that wasnt enough for a bigger deal & put it into the stock market. Then, in like 6 years pulled out of the stock market with your earnings & then gone after the bigger deals.
But if you think you wouldve fked up in the stock market, then yeah you had to sell them.
Elizabeth Dowell6 days ago
@Grant Cardone. I have 3 weeks using the 10x planner and what i usually do in 2 months (sales) i did it tin two weeks. Thanks a lot, I’mm OBSESSED!!!
Pedro Campos3 days ago
Grant, get your collar right at milliondollarcollar.com, that will help!
Chris McDanel6 days ago
KAR RAH6 days ago
Uncle G!! Should i invest in Detroit???
zdrux6 days ago (edited)
Q: “When do I start investing?”
A: “When you have enough money for it to matter.”
Best advice out there. Too many people trying to get $10k reward on a $500 investment.
Jared van Heerden6 days ago
Are they calling you the best uncle?
MR Valentine6 days ago
Grant is SPOT On about buying up $900-1200 monthly apartment rentals as BLACKROCK is now getting in the business of doing too!
Jammy Carolina6 days ago
Are you in need of a great exposure for your youtube videos then you have come to the right place. https://goo.gl/zHG1Vh# vidoes #RealEstate
Jose Diaz6 days ago
I never lose any money on real state !
Martin Morris6 days ago
Thanks for telling us to pay attention and listen people say when during our homework.
Destined Jacle6 days ago
Grant I’m trying some real estate in nyc but I can’t find were to get the deals can you help me
Heather Mozo1 week ago
Does Grant advise being a real estate agent/broker as a means to get the means for investing? I am already in sales and doing fairly well but the money is rarely consistent and it’s a completely unrelated field.
user32511 week ago
Hey does anyone know a coupon or promo code for the 10x Growth Con 2018? Last year in 2017 what did they sell for for general tickets?
Michael Ohman1 week ago
whats gooooood uncle G!!!
Michael Wolf1 week ago
Google calls Grant an actor. Really?