Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@@edithgicquel7104 I totally agree with you, the crypto currency market is the most profitable venture I ever invested in, I reached my goal of $200k yearly trade earnings. Setting realistic goals is an essential part of trading
It's so great seeing a engaged student voluntarily learning. He chose to dress up and learn about real practical knowledge to improve his life instead of being lectured/quizzed to death.
*To achieve greatness, you need to start working towards it.* Investing remains the smartest way to prepare for the unexpected. Been into this for 6yrs and I’m extremely pleased with the returns. The good news is - *it's not too late to start.*
That's awesome!!!! I tried to invest, put a few dollars in stocks and bought some cryptos but haven't made any profit yet. I will appreciate if you can share your ideas on how to get positive performance on my investment.
@@hernandeztorres7137 Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.
@@hernandeztorres7137 I work with a CFP *(Donald Nathan Scott).* Quickly do an internet research with his full names as mentioned where you can easily get in touch and as well write him.
Donald is the best in this space, I'm happy to come across these recommendations. I have worked with him and I am impressed with the thoroughness and professionalism of his services.
He has over complicated things , this is actually pretty simple to understand just take a property for example $100,000 and 20% down payment and 80% loan at 4% interest and $20,000 your money as down payment and $80,000 loan and let’s say rent is $1,000 a month and operating cost be 40% of 1,000 so 400 a month so 4,800 a year and loan is 3,200 a year so total 8,000 a year so 12,000-8,000=4,000 and now raise rent by 200 a month so now 2,400 a year now add both together 4,000+2,400=6,400 so now 6,400/20,000 X 100= 32% ROI
Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
I have bought your book it is very wonder ful text keep it up💪 🙏🏻🙏🏻🤝... I am a student from BBA background i wanna go deeper about business.. Please help me.. From India(Meghalaya)
Bro i have a stupid question , been studying this dude but still haven’t made deals yet because i want to know every single thing . Will the bank finance you a big debt , even if your low income salary doesn’t meet the criteria but the deal you want to buy is an amazing deal that will produce a huge amount of income on the spot , like the deal already has cashflow flowing and the proof can be provided with the right language so they can see you will get instant cashflow , will they finance you the deal? I live in aruba .
WoW! Very good work make you Sir Cardone ... İt is your beautyful ideas to help peoples ...Congratulasions !!!! God Bless you and your Family Always...🙏🙏🙏❤️ My son it is go Avay 😭😭
I feel like there is a part missing. I have watch it many time. At 9:09 grant you say remember my N.O.I and after that you make a calculation with 20,000$ wich i have no clue where it come from. Can somebody enlight me please.
@@ebensales3496 Any fool knows that in today’s market with the information that’s available, people don’t sell deals for half price. This is not the 1970s
So I want to start this tomorrow. Do I go ask my dad for $50,000 to start? I’ll go to the bank myself but where do I get 50,000 or what do I need to say at the bank, in detail, to get me started?
at 8:16 he says "I'm good at $360k because 3% pays him an 8% return" - So he is acting as the investor so the kid can buy the property. Purchasing property (2 units) for $360k, got it. 8% cap rate, got it. What is he talking about with the 3% that he is ok with?
No because you are just bringing the rents to market value. You are not increasing your CAPEX by just going up on rents. If you make improvements on the property then yes it would effect your COC return like he calculated at the end.
Did he just say you’re not going to be able to rent anything over $1000? The average rent where I’m from is no less than $1500 for 1 room maybe MAYBE 2 rooms you’ll get it for that price I actually know a couple that rents rooms and they’re charging $900 a room and guess what? There’s never been a vacancy. Crazy the world we live in right now
Can you make a video explaining how beginners can make huge profits within a short period of time? I mean I was at a seminar and the host spoke about making well over $880,000 within 4 months of investing $150,000 I just need to know how
I recently started my trading with Mrs Annabelle Hartfield, and I'm already marveling over the profits she made for me, assuming I met her on time I would've been a millionaire by now
it's great to see others who also benefits from the service of mrs Annabelle I’m currently on my 5th trade with her and it's a nice experience working with her👍
BUT YOU STILL HAVE TO PAY THE LOAN FROM THE CASH FLOW YOU GENERATED, WITH THE SAME CASH FLOW YOU GENERATED, YOU COULD SAY YOU BOUGHT THOSE FOUR UNITS FOR FREE IN 19 YEARS, CONSIDERING THE DCR WAS 18,640 HIGHER THAN AS HE SAID, this 33.2 porcent you can generate from the money you put down for the loan which is 15 porcent of the total loan, but you still can sell it
And it works until one person can’t or decides not to pay by choice and the govt says you can’t evict them due to a pandemic. Then hopefully you can go back to dad and make up the difference for the one not paying in a best case scenario. In the best of times it’s not easy to remove people who aren’t paying. This assumes a perfect never ending scenario.
@@grantv2313 that's why you assume managment and vacancy "fees". The exposition might be a little simplified and it doesn't take value from it. That might be a longer conversation reserved for another time or space.
This is one of the reasons why commercial real estate only truly works at scale. The more units, the easier you can absorb if a few tenants are not paying. You also factor vacancy (including non-payment) into your underwriting.
Based on your comment alone I can tell you're a loser. How about a real life example that happens every day, like his dad being the "main investor" in the deal and putting down the 20%, and his son being a part of EVERY STEP of the process. See how easy it was to make this a very real example? Only a loser who clearly has never done business or investing successfully makes the comment you made
Then after the +$200 increase, 2 of the 4 tenants renig on their rent totally, and squat in the residence for 4 months. You're on the hook for the 4 months while the courts take their sweet time to get them evicted. That's the rub. All if this is under the assumption that you have 100% occupancy 100% of the time. Fine if you own 200+ units. You're still making $ at 50% occupancy. Not so cool if you own one unit. Total crapshoot to borrow money from your folks on that 1st deal.
It depends on what type of contract you offer to your renter. You can offer them water and electricity included but you can make them pay for that themselves. However if you let them pay themselves you need to lower the rent so that people still want to rent your place even though they need to pay for the utility.
@grant cordone not how you buy Grant. Yes it does matter what you buy and negotiations matter at buy rate. You need to always stay at a current and future positive equity position. So many people are going to be in default positions due to high ticket sales consultants like you
You do? It felt like a complete waste of lifetime watching it. He just kept running in circles. What did he actually say besides that you should invest if you got the money?
Amazing to see another who trade with Mrs Nicole Brusher, I'm currently on my 5th trade with her and my portfolio has grown tremendously. Her weekly signals are highly profitable
I invest with Mrs Nicole Brusher too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with, Mrs Nicole Brusher, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
To be honest I am not surprised to see you mentioned Mrs Nicole Brusher. She is the lady for the beginners and her strategys are great just by applying her strategies, I now trade independently. I'd advise any novice in investing to trade with her.
…he lives in dream land. As if renting for 1k is guaranteed. You take a loan out and you lose money. And if you have 300-400k to invest and make 6% per annum, you are a lucky man. Scam artists at their best.
Anyone can explain to me starting from 8:59 because i starting to be a bit lost starting from there How to calculate the most amount of debt that this property can earn and what's going on with the number. TQ in advance : )
Yes okay so Grant did a calculation by head. The max DSCR (Debt Service Coverage Ratio) banks will accept is 1.25. That's like a default market formula. The NOI was 28.800 which he divided by 1.25. Grant did this by head and figured it should be around 20.000 dollars. The exact figure is 23.040. But for simplicity they take the 20.000 USD as debt. Debt being amortization and interest. So NOI 28.800 - debt 20.000 = 8.800 USD as final profit. Or in accountancy terms: Net Income before taxes. Then they will add depreciation and so on but that's for another day. When investors talk about "cash flow" they want to know that number. 8.800 USD cashflow. Hope this helps you guys.
Thank you for clarifying, really helpful. Do you know what the 0.625 is for at 10:05? He said 25k ÷ 0.625=400k. Is that the interest or LTV? Also at 10:30, he said to get the Principal and interest in 300k, he multiplied 300k × 0.07 =21k. How did he come up with 7%? Thanks in advance!
More than likely it was rate plus yearly property taxes. So for example if an apartment has a 2% tax rate and your rate is 5% then total yearly tax added to principal and interest. I am assuming that may be what he meant. @@Olivia_and_friends
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@@edithgicquel7104 I totally agree with you, the crypto currency market is the most profitable venture I ever invested in, I reached my goal of $200k yearly trade earnings. Setting realistic goals is an essential part of trading
@@sandramenard5323 Speaking of investing, I know I am blessed if not I wouldn't have met someone who is as spectacular as Mr Aitor Lorenzo
He made profits of over $67,000 U.S dollar
@Beatrice Sanna He has made success easier than we thought
Sometimes I wonder if he uses magical powers to trade.
It's so great seeing a engaged student voluntarily learning. He chose to dress up and learn about real practical knowledge to improve his life instead of being lectured/quizzed to death.
*To achieve greatness, you need to start working towards it.* Investing remains the smartest way to prepare for the unexpected. Been into this for 6yrs and I’m extremely pleased with the returns. The good news is - *it's not too late to start.*
That's awesome!!!! I tried to invest, put a few dollars in stocks and bought some cryptos but haven't made any profit yet. I will appreciate if you can share your ideas on how to get positive performance on my investment.
@@hernandeztorres7137 Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.
@@osbornesophia5413 Thanks so much, I appreciate your help. If you don't mind, how can I get in touch with your consultant?
@@hernandeztorres7137 I work with a CFP *(Donald Nathan Scott).* Quickly do an internet research with his full names as mentioned where you can easily get in touch and as well write him.
Donald is the best in this space, I'm happy to come across these recommendations. I have worked with him and I am impressed with the thoroughness and professionalism of his services.
He has over complicated things , this is actually pretty simple to understand just take a property for example $100,000 and 20% down payment and 80% loan at 4% interest and $20,000 your money as down payment and $80,000 loan and let’s say rent is $1,000 a month and operating cost be 40% of 1,000 so 400 a month so 4,800 a year and loan is 3,200 a year so total 8,000 a year so 12,000-8,000=4,000 and now raise rent by 200 a month so now 2,400 a year now add both together 4,000+2,400=6,400 so now 6,400/20,000 X 100= 32% ROI
Sure but the numbers are still unrealistic
You invest in real estate??
The ROI is not 32% the CoC is.
@@solargiousa true it maybe around 20% depending on various factors like vacancy and the popularity of the location etc.
@@bolutifeare4530 nah I’m only 18
Grant just set the trajectory of this young man's, not only, career, but also his life and ability to impact others. Well. Done. 10X
Tip, right down the formula on a note pad and break it down to where you understand it and apply it.
Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Wow I'm just shock you mentioned and recommended Expert Mr Nicholas,I thought I'm the only one trading with him
@@georgetimothy9186 YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF
EXPERT MR NICHOLAS
I stumbled upon one of him clients testimonies and decided to try him out...I'm Expecting my third cashout in 2days
Thanks you Mr. G ,
Who is watching this and are under 20! I am 17
I’m 15
I'm 17 too
Same. 18 next week though
16
15
Thanks for educating me
I tried to teach my daughter how spend her money and more doy she needs help. I would love to see her with a nice doy friend to help her. ✌️🇺🇲💜
In this moment this kid changed his dreams of bein an underwriter lol
Lol I went to school on this one! Thanks uncle G!!!!!
This is awesome man!
The single greatest thing I have seen all year besides reading your book
Hey grant u are a great mentor 👍🙏🏻🙏🏻🧠🥰🤝
I have bought your book it is very wonder ful text keep it up💪 🙏🏻🙏🏻🤝... I am a student from BBA background i wanna go deeper about business.. Please help me.. From India(Meghalaya)
I was looking for this explanation also. Thank you!
love this!
Broo he’s a machine, IRS hates this man for sure🤣😂.
Bro i have a stupid question , been studying this dude but still haven’t made deals yet because i want to know every single thing .
Will the bank finance you a big debt , even if your low income salary doesn’t meet the criteria but the deal you want to buy is an amazing deal that will produce a huge amount of income on the spot , like the deal already has cashflow flowing and the proof can be provided with the right language so they can see you will get instant cashflow , will they finance you the deal? I live in aruba .
@@FeemingOnJesus. do your own due diligence
Great video!
GC speaking knowledge! 🔥
I am going to save this video!
Thanks a lot sir
WoW! Very good work make you Sir Cardone ...
İt is your beautyful ideas to help peoples ...Congratulasions !!!! God Bless you and your Family Always...🙏🙏🙏❤️
My son it is go Avay 😭😭
Trenton Mick - what a name
He messed up 480,000 divided by 4 and needed his calculator to work out 4000 x 12... at 14 years old... Murica!
Get your money game right and quit worrying about a champ making mistakes. 👍🏾
@@PreciousNzeakor You sound like you tolerate mistakes and have low standards in life.
IN 15 YEAR YOU'LL SEE HIM WITH HIS PRIVATE JET
I feel like there is a part missing. I have watch it many time. At 9:09 grant you say remember my N.O.I and after that you make a calculation with 20,000$ wich i have no clue where it come from. Can somebody enlight me please.
You are amazing sir. I'm learning a lot. Thank you ♥️♥️
🌱🪴🌲
Robert’s not gonna sell the deal for half price. Sorry
@@steve-on3234 You are complaining. Try it first.
@@ebensales3496 Any fool knows that in today’s market with the information that’s available, people don’t sell deals for half price. This is not the 1970s
Unrealistic numbers
So I want to start this tomorrow. Do I go ask my dad for $50,000 to start? I’ll go to the bank myself but where do I get 50,000 or what do I need to say at the bank, in detail, to get me started?
Grant You are the man
11:59 "Get YOUR DAD to show you that bag, SON"
The only thing I would different is say I’ll take 6% but I would make the offer at 12% knowing no matter where I start the seller is going to counter.
I'm shocked at this one lol!
Teaching this young man the right way !!!!! …..good going !!!!
TRUTH!
at 8:16 he says "I'm good at $360k because 3% pays him an 8% return" - So he is acting as the investor so the kid can buy the property. Purchasing property (2 units) for $360k, got it. 8% cap rate, got it. What is he talking about with the 3% that he is ok with?
3% down
I also got confused where he said 28,800 / 1.25 is 25,000. I got a different number..
Nice Grant
Grant can u come to South Africa
Kid built different
Good🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🌹🌹🌹🌹🌹💔💔💔💔💔
💪🏻💪🏻💪🏻
🐐
Hahaha . Next>>>> he will teach him how to make a spaceship 🚀
Good morning sir
Grant when you increase the rent by $200 won’t you outgoings (the 40%) also be affected by it. ? Which makes the 33.2% inaccurate at the end right ?
No because you are just bringing the rents to market value. You are not increasing your CAPEX by just going up on rents. If you make improvements on the property then yes it would effect your COC return like he calculated at the end.
he starts talking about the cap rate 8-9% then at the end the CoC %.....Also what's the 1.25 he's multiplying the NOI by? the DSCR loan interest?
Hey 👋 Mr Grant condone
🌝 🌚 🌝 🌚
*Dream big, even if you miss the MOON, you will hit the STAR*
⭐️ 🌟 💫
At 10:31 what is the 0.07 for to get to 21,000$ ?
🍻🍻🍻🍻
KOS👑 KING of SALES
Why does that kid look like he's about to talk to me about God lol
It’s a process if that kid can handle the heat then in the future he will look like JEFF BEZOS look today you got it.❓
@@KOKOFINANZAS wtf u talking about 🤣
Are you done doing the Monday cardone zone or where can I watch it?
I was wondering as well. It seems like the last one on his channel was like 5 months ago and now it's all short clip videos. :(
@@SpartaCraft22965 I know it sucks
Did he just say you’re not going to be able to rent anything over $1000? The average rent where I’m from is no less than $1500 for 1 room maybe MAYBE 2 rooms you’ll get it for that price I actually know a couple that rents rooms and they’re charging $900 a room and guess what? There’s never been a vacancy. Crazy the world we live in right now
He said can easily raise the rent $200, since the people paying $1000 won't be able to find anything that cheap anywhere.
Can you make a video explaining how beginners can make huge profits within a short period of time? I mean I was at a seminar and the host spoke about making well over $880,000 within 4 months of investing $150,000 I just need to know how
I recently started my trading with Mrs Annabelle Hartfield, and I'm already marveling over the profits she made for me, assuming I met her on time I would've been a millionaire by now
Please I'm new to all this, how can I get to her also? I need her help!!!
@Thomson Hilton OK thanks, I will definitely do that.
it's great to see others who also benefits from the service of mrs Annabelle I’m currently on my 5th trade with her and it's a nice experience working with her👍
wish I knew this wen I was young,, I'm now 208 years old
BUT YOU STILL HAVE TO PAY THE LOAN FROM THE CASH FLOW YOU GENERATED, WITH THE SAME CASH FLOW YOU GENERATED, YOU COULD SAY YOU BOUGHT THOSE FOUR UNITS FOR FREE IN 19 YEARS, CONSIDERING THE DCR WAS 18,640 HIGHER THAN AS HE SAID, this 33.2 porcent you can generate from the money you put down for the loan which is 15 porcent of the total loan, but you still can sell it
what does he mean when he says "I'm good at 360k because 3% pays him an 8% return" ??? please
The fact the kid needs his phone to multiply 12x4 tells me he's not going to make it.
Great stuff gc!😎
Act Hungry vs commission breath ? Are they opposites or the same or not related? What say u GC? Btw ...into ..not first..last book.😁👍😎
Is there a audio of Sell to survive
Can someone help me understand why the $300,000 was divided by 0.07? Having a hard time understanding that part.
7% loan
tysm!
❤️❤️
If 10x is asking = definitely
how do i get 4 units that will give me 1000$ income/month 😂
lol just find 4plex for 100k and make each rent 5k 4Head
He's always saying you can do this without using your own money, but then pulls his dad into it. He doesn't come clean with anything
Bro the kid is 14 god I hate people like you Jesus the man just gave you 1mil dollars worth of free game
If he uses his dad's money how is that your own?
Kid Learns Pre-Algebra
Really great. Wish you could hold these classes in New Delhi India. Love from India 🇮🇳
🙌🏻
And it works until one person can’t or decides not to pay by choice and the govt says you can’t evict them due to a pandemic. Then hopefully you can go back to dad and make up the difference for the one not paying in a best case scenario. In the best of times it’s not easy to remove people who aren’t paying. This assumes a perfect never ending scenario.
So you're saying big investors or just investors never dealt with evictions or late payments?
@@bizzfgl3074 I’m saying they probably do. That part was conveniently left out of this talk. Takes away the profits pretty fast.
@@grantv2313 that's why you assume managment and vacancy "fees". The exposition might be a little simplified and it doesn't take value from it. That might be a longer conversation reserved for another time or space.
No this assumes landlord friendly states.
This is one of the reasons why commercial real estate only truly works at scale. The more units, the easier you can absorb if a few tenants are not paying. You also factor vacancy (including non-payment) into your underwriting.
14 Years old asking his old man for 20% and going to his bank for the entire loan? Take me through that train wreck. Please.
It was a fantasy deal remember
Exactly! Anyone can make up a scenario that can solve their own problem
Easier to get a business loan than a person loan. I’m sure it could be done, but since he’s a minor would need dad to help him.
Based on your comment alone I can tell you're a loser. How about a real life example that happens every day, like his dad being the "main investor" in the deal and putting down the 20%, and his son being a part of EVERY STEP of the process. See how easy it was to make this a very real example? Only a loser who clearly has never done business or investing successfully makes the comment you made
At 10:30 does anyone know where he got the .07? (I’m curious)
I think he just rounded up as a cushion for the suggested 5.5% interest. I could be wrong.
@@gregstewart2201 thanks for your response
is that cash down?
Only issue is you can’t get a loan 😂
LMAO! 😂
Why did he multiple the 350,000 by 7?
I got lost @ 2:50
👍
WHAT DOES IT MEAN 4 UNIT DEAL PLS EXPLAIN ME
4 units like each door. Ea ch apartment
Then after the +$200 increase, 2 of the 4 tenants renig on their rent totally, and squat in the residence for 4 months. You're on the hook for the 4 months while the courts take their sweet time to get them evicted.
That's the rub. All if this is under the assumption that you have 100% occupancy 100% of the time. Fine if you own 200+ units. You're still making $ at 50% occupancy. Not so cool if you own one unit.
Total crapshoot to borrow money from your folks on that 1st deal.
spoken like someone who is scared to do anything.
yeah that's why small deals are very risky. Bigger deals are less risk as less tenants mess up.
Hypothetical that happens but more than what you said happens. You know what happens more than that? People make money in real estate investing.
When I was a teenager
I sold Grant Cardone
In 5 mins over price…& I won..ask me how..
When 1990
Where La Jolla Ca
What a jacket in the window
Don’t the renters pay for the electricity, water, gas……? Why is that included in your expenses as the investor? 🤔
It depends on what type of contract you offer to your renter. You can offer them water and electricity included but you can make them pay for that themselves. However if you let them pay themselves you need to lower the rent so that people still want to rent your place even though they need to pay for the utility.
I KNOW HIM
what does 8 and 10 cap mean?
Cap rate
@grant cordone not how you buy Grant. Yes it does matter what you buy and negotiations matter at buy rate. You need to always stay at a current and future positive equity position. So many people are going to be in default positions due to high ticket sales consultants like you
I love Uncle G but seriously, how many times can he post this?!
It never gets old .
i don’t why but i don’t understand😞
i understood some parts
More insight on ☝️☝️ BTC📊 REAL ESTATE 🏡 INVESTMENT!
I got way too lost in the numbers
Watch it again till you get it right.
@@ebensales3496 you are recommending self-torture
Would like to see the speech in its entirety
You do? It felt like a complete waste of lifetime watching it. He just kept running in circles. What did he actually say besides that you should invest if you got the money?
What is this system called?
Scamomatic
how is your cryto doing? and how is investing in MF a scam?@@crypticcomputing604
Cardone University
After the 8 minute mark im lost. Talking sbout the financing and making more confused me
Hello fellow Brian N
@@briann5524 lmao 🤣 whats up man
Watching it again. You don't have to complain to us.
anyone gets where the 0.0625 comes from at 10:05? and the 0.07 at 10:30? (25 000/0,065 = 400K, considering 25 000 is the NOI?)
it is the interest, when you borrow money
@@pamelaanncruz which one? The 0.0625? Or the 0.07
Curses! WILL FOREVER BE UPON YOUR HEAD ! AND YOUR VOICE ! FOREVER
My Mom and I earn massively on our investment since we started trading with Mrs Nicole Brusher, her set skills are amazing
Amazing to see another who trade with Mrs Nicole Brusher, I'm currently on my 5th trade with her and my portfolio has grown tremendously. Her weekly signals are highly profitable
I invest with Mrs Nicole Brusher too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do? *
As a first time investor I started trading with, Mrs Nicole Brusher, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
To be honest I am not surprised to see
you mentioned Mrs Nicole Brusher. She is the lady for the beginners and her strategys are great just by applying her strategies, I now trade independently. I'd advise any novice in investing to trade with her.
…he lives in dream land. As if renting for 1k is guaranteed. You take a loan out and you lose money. And if you have 300-400k to invest and make 6% per annum, you are a lucky man.
Scam artists at their best.
Anyone can explain to me starting from 8:59 because i starting to be a bit lost starting from there
How to calculate the most amount of debt that this property can earn and what's going on with the number. TQ in advance : )
Same
Same
Yes okay so Grant did a calculation by head. The max DSCR (Debt Service Coverage Ratio) banks will accept is 1.25. That's like a default market formula. The NOI was 28.800 which he divided by 1.25. Grant did this by head and figured it should be around 20.000 dollars. The exact figure is 23.040. But for simplicity they take the 20.000 USD as debt. Debt being amortization and interest. So NOI 28.800 - debt 20.000 = 8.800 USD as final profit. Or in accountancy terms: Net Income before taxes.
Then they will add depreciation and so on but that's for another day.
When investors talk about "cash flow" they want to know that number. 8.800 USD cashflow.
Hope this helps you guys.
Thank you for clarifying, really helpful. Do you know what the 0.625 is for at 10:05? He said 25k ÷ 0.625=400k. Is that the interest or LTV? Also at 10:30, he said to get the Principal and interest in 300k, he multiplied 300k × 0.07 =21k. How did he come up with 7%? Thanks in advance!
More than likely it was rate plus yearly property taxes. So for example if an apartment has a 2% tax rate and your rate is 5% then total yearly tax added to principal and interest. I am assuming that may be what he meant. @@Olivia_and_friends
But this way will not work....market value of the land determines the price....not as calculations...
Negative
I thought grant cardone partnered with Nation of Islam 🤲🏾
sick