Grant Cardone's BEST Financial Decision
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- Опубликовано: 23 мар 2024
- Grant Cardone's best financial decision until this day.
#shorts #realestate #cashflow #investing #wealth
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At Cardone Enterprises we believe that success is the result of hard work, education and persistence. Examples given should not be considered typical and there is never a guarantee of results. Information provided is educational in nature and is not legal or financial advice. By using this website or any related materials you agree to take full responsibility for your own results, or lack thereof. Our team is here to support you, but you should always do your own due diligence before making any investment or taking any risk. Success is your duty, obligation and responsibility. For additional information, visit grantcardone.com/legaldisclai....
Dude sold his $600,000 first house and had 45 million in equity.
😂
😂
Right lol..
😂😂😂
u ain even listen too or understand one word he said did you?
Never let the truth get in the way of a great story.
Exactly. Know how many apartment buildings generate $6 million a year? Not many.
yeah, 50% yield and 85% yearly growth, too easy
Not to mention think of how many units an apartment building must have to make that kind of money. If you figure the rent averages a grand a month,per unit, that's a 500 unit apartment. So Grant is saying he bought a 500 unit apartment complex with the proceeds from the sale of one house?
@kennethsouthard6042
Uncle G is a world class salesman but I wouldn’t trust anything he says.
haha, this guy is so full of shit
Key note: you need $15 mil to start
Not if you buy on terms or sell someone else's property.
Key note: figure out how to get to this point because he obviously didn’t start here smooth brained chimp 🤡
True... that's the key note for a broke and poor minded person!! The $15M is so easy and yet you failed to listen. He sold his home and it had equity and the real key note was (other investors) and that money isn't coming from any other their bank accounts!! It's called equity for a reason. Plus, once the apartment building equity went through the roof... he leveraged the gains he earned TAX FREE (hence why he asked and nothing was owed, let's party!) He also got back his initial investment of $15M total of which some of that belonged to the other investors. He paid them off and the original loan and his units were all still producing CASH FLOW monthly!!! That's a no brainer, aka Winner Winner!! 💰💵🏡🏢
@@isaiahparks75sold equity in a residential property and that was enough to put down on an apartment building of that value even as a partner lol? It’s not the mindset of the viewers, it’s the BS this guy spills on a daily basis
sell some courses.
How to become rich: First, be rich.
Exactly! These guys always make it seem like they struggled 😂😂😂😂😂
Loser mentality 🤦♂️
He did though in he’s early 20s late 40s selling cars and saving up to eventually get into real estate. However the current time line isn’t looking so great with the economy
Bingo@@Harem__King
@BilliamLegacy I’m sorry bro you gone be poor forever 😂
I bought a pencil, traded it for a car. Then sold the car for 600 million. I also tie my own shoes.
no velcro straps?
You to eh...
Precisely
Rookie move. I'd sell the laces on it for $4.5 billion.
Don't forget about your $1B sharpener too 😂
Sold a house and bought an apartment building 😂
Fuck why didn’t I think of that
The math ain't mathing right now
Conmannnn gunna connnnn
I never trust people who brag about financial gains and try to sell stuff in the same sentence😂
It’s true. Something you can’t sell is luck. Which to become THAT wealthy you must be very lucky. He could have easily been an average wage worker at the end of his risk taking journey but the risks and conditions were met with luck so he got rich. He knows this. Luck is also conditional and self made. He won’t tell you that because then you won’t buy the program. It’s all about time and placement. Luck is simply a byproduct of persistence.
@@kwins8641 How old are you? You must be in your 20s with Similac still on your breathe talking about luck. Luck has nothing to do with where he is and if you ask him how he got there, he is not going to say luck. All of the actions that he took has led him to where he is. I don’t want to be where he is and i also know that he is telling these stories to gain ppls trust and get them excited to buy his product. I can clearly see thru his 🐂💩
Youre broke thats why
@@user-ij7qh8wn4w Dont project your situation on me😂
yes but also the law of averages and skillset BOTH outweigh “Luck” things like inflation exist, when we understand and know how these things works you will make a lot more money than you’re making now
I literally watch cardone short videos so I can read the comment section 😂 love it
He bought a $45,000,000 apartment complex from the equity in one house?
It was a huge house so the Equity is huge plus he got other investors to join it. That is how it makes sense.
@@mikethomas6715 he said it was his first house.
And you can do the same if you take my course, you can 10X your money!
He had other investors. He says it in passing.
And other investors he quickly glossed over
“Only had 15 mil in the deal”
So what we’ve learned today, 1. To be rich one must already be rich.
The house wasn’t a mistake. The house got it all started. 💫
It wasn't a mistake to buy the house. The house gave him the equity that helped him finance the deal.😮
No tax on $45 million sounds nice
😂😂😂😂😂😂 This guy and rich dad poor dad are great story tellers lol
Grab your attention alright! Makes one think! Stories! Puts into action!
Liars are what they are. 😅😅😅
Fast talkers
Grants so open as a grifter lmfao
Equity from a house and put it towards an apartment building....this dude was already rich or is full of stories
He has many years being rich now. Has 30 years in real state. But he started from scratch.
Some apartment buildings used to be dirt cheap talking years ago not in 2024
@steveeab2364 I’m with you. Still doesn’t add up.
@@ignaciohernandez291no he didn’t,Grant has already said he had six figures saved from being a car salesman
I'm just half a notch above average Joe, but I am an investor in an apartment community, so I have a little insight. He sold his house and cashed out equity. He did mention paying off investors. My apartment deal has 49 other investors. Yes, a downpayment is a big chunk of change, but as a group, it is much more attainable. This is absolutely attainable.
not only did he party
but he didn’t have to stop if not wanted🤣
Slumlord math.
Works until it doesn’t.
You better not ask for a bail out 😂
You don’t “still own” the apartment building if it had a $45mil mortgage secured on it before the call and a $60mil mortgage secured on it afterwards 😂
If he’s getting paid from it he owns it
@@Cowchickenfishyou get paid from job, do you own it?
@@Cowchickenfish If it's encumbered then no, you don't own it regardless of how much revenue you are generating.
That was my thought. Bank owns it.
He’s buying it.
@@Naija_baba Do you owe anything to your job if it cannot pay it's debts? Then no you don't own it. There are many people who get paid from their job as the owner of the company.
Had no money in it yet he invested 15mil 😂
I think it means since the bank gave him more money in the refinance it basically paid off his initial investment of 15 mil and just left him with the cash flow. If what I said didn’t make sense, you could look up cash-out refinance and they can explain it better since I don’t know too much lol
tell me you're financially illiterate without telling me you're financially illiterate.
He literally explains he had other investors in the deal and paid them back
"its not a lie if you believe it " G. Costanza
Bought a 2006 Toyota Corolla. Big mistake. Sold it, had a bunch of equity in it. Took the equity and bought a small animation studio. That studio is now Pixar, 700M$ cash flow, no taxes. And I still own my 2006 Corolla.
He bought everything for 12 raspberries 😂
Now I know what to do with the $15mm burning a hole in my pocket.
Right place, right time, baby!
Still my all time hero Grant🙌🏼
It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
Having an investment advisor like Sharon Lee Peoples is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Having an investment advisor like Sharon Lee Peoples is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant like Sharon Lee Peoples helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
How do you make a mistake buying a house but yet bought a million dollars building. GTFOH!
Cool story bro
He sold his first house to his real estate company. He sold it to himself.
This is where that Meme of Leo whistling at the TV comes In; you had a what? A house? And had a bunch of equity in it ?!?!?!
GEE YOU'RE AWESOME 😅
Gee, that house must have been HUGE.
Truth is in the figures. Can we see a full, financial audit on all the figures he was trying to push here.
How do you go from a couple hundred thousand dollars single family house to a 15mil apartment building? Then how do you go from 15 mil in value to 75 million value in a few years. This guy is bullshit and skipping a lot of details
He doesn’t fund his deals, he brings in investors and creates the deal.
15 in on a 45 loan. Increase from 45m to 105m(60m increase) over 7 years is an avg annual increase of 13% which isn't crazy in a hot market
@@Reenown they just don't understand the concept of private investors. Broke people don't lend each other money for almost any reason so understandably its hard to believe
He apparently had other investors that were able to drop a considerable amount of money to buy the apartment building.
@@mhxxd4 agreed. People questioning it, you can literally google cardone capital and see for yourself.
Im gonna call this bullshiz
It is. He doesn’t own the property the bank just basically gave him a home equity loan and took out his equity and now the bank gets more years of interest off of you and you now own 0% of the building, but you now have the ability to purchase other properties. High leverage high reward. Even higher risk. If the cash flow ever stops it all stops instantly in 2 months you go to nothing.
Nah it’s real sucks to be you
He has 3Bil in real estate it’s not luck it’s not BS we just gotta self educate or we WILL fail
@@accountant3015cash flow on an apartment building (unless something tragic happens… fire, gas leak, Jeffery dahmer) will most likely not cut the cash flow off like that 🫰
@@DemonDeMint March 8 2024 found guilty of fraud ordered to pay 454 million. Yep, hes your hero
Everything went Over my head
Already being rich does wonders for being rich.
Dude said buy his first house was a mistake, but ended with equity hahahahha
At cash out refinance is a loan lol they called and asked did you wanna borrow 60 million which is why you pay no taxes
Aamzing when you first believe, the how almost becomes irrelevant.
I'm honestly just waiting for the IRS to come after this guy because from the sounds of it I don't think he's ever paid taxes
Only had 15 mil in it! SYAU!
He doesn't own the property until it's paid in full. The bank owns it. He just manages it
I'll take things that are take for 1000 , Alex.
❤❤❤
The problem those deals don’t exist anymore
In cuba you can only have two hauses, one in the city and another in a vacation site, lol
The original house was a skyscraper
Buying the house wasn’t a mistake if the equity helped you get the apartment building. It was a step
No tax implication…until you sell it.
There’s a famous guy getting sued over this
Oh so get lucky on the aparment and hope it goes up to 15 mil like yours got it noted done
Dam! I'm doing it wrong fk Dam!
This guy just can not shut his mouth
Haha the guy who nobody asked to comment is complaining that the guy who was asked a question is answering it 😂
@@joeschneider3894Thank you for responding to this ignorant.
"Sold my house, bought and apartment building".. -ok bro.
I bought a house for
all done in the last 15 years with historically low interest rates. this would cripple most in 2024
Let's party in deed
Me and my wife are in a position where we purchased a home and 10 acres in 2017-18, based on its appraisal at that time we purchased it for 60-80k below. Covid happened and the market changed drastically, based on appraisals now, we have about 215k in equity. I’m in the construction business, trying to decide how we’re gunna use this or if we will use it, how to best use it to our advantage.
FYI the “bank” does not know your tax implications
Meanwhile the bank didn't have the money that it loaned. They made it from thin air.
Real estate > all investments
He is the greatest comedian of all time lol
Loaded gun. If he sells the apt building he will pay tax on that money.
Sick deal. Sean is a super solid dude. Hung out with him twice and was very genuine and real. People need to follow the jersey goat Sean Kelly
The key here is you need to get rich THEN use that money to invest as such. This isn’t the blueprint to get rich, it’s to stay rich
Key note be inside of the market while it was still good and the boomers ain't mess it up and actually be a boomer who got a hold of good equity while real estate was still manageable in our country
Me boomer. High school dropout. Slept In my car 2000-08 to pay child support. Rented till 2018. Saved and bought a small home for $23k in rural Texas
In 2020. Now it’s worth $44k. I got $60k in savings. No debt. No bills. $4100. A month pension. Life is good.
Got a question. Do lenders generally call you to ask you if you want to refinance?
The math aint mathing on this equation.
I made the mistake of purchasing a mobile home, after a few years, paid some principle and gained leverage, took the leverage a bought a mcmansion.
Yup, Sounds Legit.
key note ... you have to be able to afford hte increased payment AFTER the refi - or we back in 2008 lmao
If u have a loan out
U ain’t the owner
Lol how Big was the first house!!!
Yes Very simple
And now we know why properties sre super duper expensive
I paid $23k cash for my home in 2020
💯
The giveaway that he’s a liar is asking the lender about tax implications part of the story
Awesome . Good strategy n I’m sure wise investment.👊💰💰👏👏🌍🌍👍👍🙏🌎🌎🌎🎼💪🇺🇸🔥🔥
Fed up of these rich guys bragging about their financials 🤣🤣🤣🤣 its everywhere man. 🤦🏾🤦🏾🤦🏾
We need to stop listening to people who got lucky in real estate (you HAVE to be over 40) telling us how to 10x and get rich just because they lucked out selling their house while they also had a drug problem, Then try to turn it around into some hero-success story. This guys is rich but he won’t get u anywhere
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America!!!
You could support me, I'll be in your community.
I only had 15 million to start
I can’t believe this guy has any relevancy😂😂
I’m 24 I’ve started countless business none of them have taken off. I’ve sold mutiple real estate whole sale deals worked on building those into business. I’ve started mutiple drop shipping sites, I’ve started 2 advertising companies. I’ve worked on print on demand companies, I’ve made so many websites it’s not even funny. The hundreds of hours I’ve spent on looking at stock charts. I’m broke rn but I swear to god I have to make it with all the work I’ve put in. I haven’t even mentioned the amount of books I’ve read.
don't pay taxes on borrowed money
So you asked the bank if it would still cash flow…? Sounds about right because that’s how it works
Ask this smart guy about the housing crisis.
“Best decision I made was having friends to borrow 15 million from”
His CPA and investors are in the background, going "all this guy knows is sales and promotion. Nothing about math and logic"
He told the bank executive let’s party
😂😂
What. What place is giving money for 4x ehat you paid amd then also letting you keep the building??
Equity in his house bought a 60 mil apartment
And even he believes his own story
If were as easy as selling your house and buying an apartment complex everyone would do it
You don't "still own it" the bank does. If you have a mortgage you do not own it.
I need to get on the team