Juan Cortes exactly. People complain about a dude giving a bunch of free knowledge and motivation away, because it's "not good enough" or he charges for certain things. The dude doesn't have to do this, but he has passion.
Man, you are fantastic! You said magic words to this Realtor... "Northern Trust Bank" "Past deal" "Throw in 10k" etc... Got the realtor guards down, and had him to violate a few laws and ethics regulations, and Cha-Chin!!! you score big...
This is AMAZING! Gives me the confidence to start somewhere on the phone in regards to getting comfortable talking to agents and building my brain with negotiations / rapport! Thanks, Uncle G.. and bless your heart, good sir!
for people watching, when the phone person says 1031, this is what they are talking about: §1.1031 of the IRS code. Federal and if applicable, state capital gains and recaptured depreciation taxes can be deferred when replacement property is acquired within 180 calendar days of the old property sale.
This was the first video I saw on Grant Cardone years ago and ever since I have been hooked. He brings so much value and he continues to grow every single year!thanks Uncle G
This dude sheds knowledge with every word he speaks. (besides the chocolate part haha) It's crazy, the opportunities out there, and so many people stop themselves from even attempting. I'm not in the real estate business, but I am a trader, and Grant's enthusiasm, confidence, dedication and drive still hit home with me and the business I am in. Thanks, Grant!
I've been a real estate investor for 6 years. It aint THAT easy. Trust me. Also, there's an enormous amount of risk. I'm not saying you shouldn't invest, but if it were THIS easy EVERYONE would be doing it and doing it successfully. Hypothetical: Your first tenant is adversarial, doesn't pay rent and you have to evict. Can you handle losing out on 6+ months of rent payments? Here's another real life scenario: housing market corrects OR tons of multi families get built by a corporation close to your investment property. Those projected rents don't meet up with actual rents... wah wah waaaaah. Do you know how to do your due dilligence? Do you know operating costs? What's yearly maintenance? Who's going to do the maintenance. ETC. Not hating, but I've seen enough over simplification of real estate investing and I feel an obligation to tell the public (once again) it's hard work. You won't get rich quick and there is enormous risk involved.
opannefrank what about wholesaling at an insane level? You take out massive amounts of risk but the biggest hurdle is having a system in place to bring you buyers and sellers. Also figuring out what the best niche is to find th e sellers from, because in those differing niches we have different levels of motivation in the sellers.
Being in the real estate game is not easy at all not even for a 20 year experienced person. Obstacles is part of business if a tenant won't pay you you have to know that going in the real estate business that could possibly happen and go through the proper legal course and be at peace with that mindset that it could happen. If a person can't handle losing 6 month of rent that person shouldn't go into that field because of the stress it can cause on a person health.
Has a Lender looked @ this Deal? How Flexible are they on Price? Other than Price, whats important to Seller? Whens the Last Time this Deal Traded? What did it Trade for Than, so i don't have to do the Property search? If i spend another 10 g's a Unit, what would you do there? What are you saying the rents are per Unit Right Now? "The Deal is About the Whole Package" Pure Content! Shalom Grant
Hey Grant, Love your stuff! When I need some motivation or ideas, I play some Grant Cardone. You live an interesting life and have a great outlook....I like
Great video Grant. Enjoyed all your videos, especially the one on biggerpockets. Question: your first purchase you put down about 300k for a multi in San Diego. Back then, that was a lot of money. How'd you come up with the down payment on your first commercial deal?
Horacio Valdez Hero He mentioned what helped him with that Horacio..The book Dianetics the modern science of mental health...Read it..life changing. Cheers
At 11:44 the math is wrong. "Another $300.00, $600 no, no, $300 per unit" (x12) is not $7,200. Would be $12,800 not $16,400. If he's going on the erroneous math of $600 per unit, he paid too much and the differential, of the his pre-stated bank factor vs this deal's payout, is less than claimed.I think he did not clear the 600 from the calculator before he ran the equation. Unless he can get 600 more per, then it's phat city.
mortgage interest deductions in 2017, you can deduct mortgage interest on loan balances of up to $1 Million. Beginning in 2018, right now with the new tax law, the amount decreases; you can only deduct mortgage interest on loan balances of up to $750,000. Correct me if I'm wrong
So what I'm getting, is he's buying the property with a loan, making renovations, increasing the rent and making a profit greater than the interest he is paying for the loan.
Hi Grant, love your videos, love your attitude. Your tips and overall thinking are very helpful to me. Want to make only one remark if you don't mind. Please change your phone with better one so the videos you upload are HD :) Keep the good work and wish you big success.
***** is there anyway you can do a video of in depth property valuations? how you value your investments and what not. i have watched some of your multi family videos. is there anyways you can make that happen?...... P.S. It would be amazing to get a reply. no matter what it says! Thanks, Logan
It's not a complaint it's just a suggestion, to improve the quality of this video. It's not a critic, but a fan that wants to get the best quality. It's up to Grant to take that info and apply it in future videos or do nothing.
Indeed Smooth235. I like his videos and motivation but would love to watch HD videos. The problem is that he is streaming and thats making the quality crap. I tested it myself. But he can make some videos only for youtube and not always stream
Grant you counting the income , but what about the payments on the 400k finance you getting ? My calculations shows around 13-14k a year which still leaves 3-4k profit. Please someone correct me if im wrong ?
Can someone with bad credit really start to invest in real estate? Or does it come down to 3rd,4th, 5th party lending (aka find the damn money somewhere, dude!). Your thoughts?
He's the pro so don't take all of my words BUT, I have watched good buddies of my in the world shittiest credit turn a $11K home in the "hood" into $55k value. SOLD it for $63,000. He not broke no mo! lol. Just takes time, effort, execution and the hell with negativity
yes you can when it comes to multifamily because the bank that lends you money knows that the tenants are the ones paying them not you, as long as the property is producing cash flow
But if you get the property for only $100,000 where are you getting the remaining $375,000 in guessing debt or a loan. When to pay off the initial 100,000 immediately? Or did I misunderstand so,etching
income from units is more than what he owes each month, so he just needs the money the bank needs from him for the deal. The tenants will be paying all the rest the money and eventually paying him back the $100k
The gvmt should downsize and stop using FORCE to take money from the people. I believe that *forced tax is theft.* If a gvmt offers a service I wish to see, and if I have the funds, then I'll participate (with my free will), otherwise I will not. It's this easy. I know I currently can not live my free will, because gvmt will lock me up or maybe shoot me if I defend my belongings without paying the protection money (tax). Participation must me optional for everybody! If nobody wishes to pay for a service, this service will be obsolete and the previousley forcing gvmt people will have the chance to look for a real job where they produce value. ...Oh, this sounds like the tream the foundings fathers had... Long gone! It is totally crazy that 50% (or much more) of ones efforts are taken away for gvmt. Crazy. In some regions 60% on income. With the "little" remainder one can pay sales tax for overprized products, because the producers must pay all kinds of forced fees and add this to their product. Then comes tax on gasoline, and on everything else. This system is sick, but if you are amongst a few who can play it right, you might be able to have prosperity...
Unbelievable! I love it, I love it, I love it! You are a master teacher with no honorary degrees yet. What are they waiting for? I wish I had stumbled upon you before I had my kids. What was I doing? But, don't worry. I'm on the right path now.
You start with lemonade for 10...Shoes for 100...Bicycles for 1000...Cars for ...10000...Homes for...100000...Buildings for 1000000...Small countries for 10000000.
People that haven't achieved much will try to elevate themselves by purchasing branded clothing, expensive items to keep up with the trends, they will be putting on an act to appear important. However, once you really are successful there's no need to show off because you know you are.
OFfic3R1K hey .yea that's a fact..yea that's true... do u have rayan..email.. I think I'm spelling.something wrong..I want to summit..a deal to see what he think...
***** sound like excuses to me, you can live on 15k for example and if you have a 25k a year job then you can save 10k a year, do that for 10 years and boom you got 100k.
basically any earnings above your living costs should be saved, I heard grant talk about how you could use this method to get into real estate, because the only way to make decent money there is to buy the entire house, no mortage, buy it and either flip it or rent till its worth more. This is what I hope to do anyway!
thing is, people be on 15k (pounds) and then get a promotion to like 25k and live like they are on 50k so they always gona be broke. live within your means and save save save, private lenders would be easier to convince if they see you being smart with money and putting your own dollar in a deal.
Awesome video Mr. Cardone!!! I currently take the Cardone University sales training and it's a huge plus!!! 2 thumbs up #nationsafedriversmotorclub #grantcardone
Yesterday, I had a person offer to pay me for the house all cash money. I turned the young guy down because he was suspicious. It is just too much money. How much do you carry on you?
Scary Zones bro you're dumb call him back asap and ask him to write a contract , look through it , sign it . And if he does not put an EMD down then he's lying ...
Stop with the portrait mode. Only ol' timers & gang bangers use portrait. 10x that video baby, tip that phone on it's side. Landscape is where it's at! Great work btw
I knw this is an old video but Lmao @ John S comment below vvv ... when ya have a husband that's something you get use to! Haaha or try to! Lol... @grantcardone thanks for this very great and informative video! I only wish I'd see this sooner! You rock🙌🙏❤😘💯🙌❤
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Grant is laying down all of this KNOWLEDGE and we are getting video quality complaints.. COME ON MAN!!
silveg87 people always find something to complain about.
Juan Cortes exactly. People complain about a dude giving a bunch of free knowledge and motivation away, because it's "not good enough" or he charges for certain things. The dude doesn't have to do this, but he has passion.
the little bitches man.... they are all around.
silveg87 I'm not even focused on what people are complaining about. I am focus on the knowledge this man is providing.
SO TRUE MAN! LOL "LITTLE BITCHES"
Man his banter is infectious. I m starting to talk like him now...my prospects are listening and responding better... Grant keep it coming.
It’s been seven years since this comment. How are you doing now man? Has the time invested watching him helped in your career? Genuinely interested.😊❤
Man, you are fantastic! You said magic words to this Realtor... "Northern Trust Bank" "Past deal" "Throw in 10k" etc... Got the realtor guards down, and had him to violate a few laws and ethics regulations, and Cha-Chin!!! you score big...
I didnt get a word you said lol i know nothing of real estate
Grant, you are an animal. Love seeing other people get the same high I do when they smell a deal and make it happen. Love it!
grant wearing old person glasses = true grant
This is AMAZING! Gives me the confidence to start somewhere on the phone in regards to getting comfortable talking to agents and building my brain with negotiations / rapport!
Thanks, Uncle G.. and bless your heart, good sir!
for people watching, when the phone person says 1031, this is what they are talking about: §1.1031 of the IRS code. Federal and if applicable, state capital gains and recaptured depreciation taxes can be deferred when replacement property is acquired within 180 calendar days of the old property sale.
You also have to identify the property within 45 days and you can identify up to 3 properties.
peter fox you can roll it into three other properties. one to three? wow
Evan Adams no, it can only be rolled into 1 property
Evan Adams ty
Evan Adams i
Watch at 5:10 he leans and farts. Listen close. lol
Wtf lmaooo
Great advice for real estate investors. Thanks for sharing your knowledge Grant!
This Was money, pure Money
That's how you Hustle!!
LOL love this guy. 'Was that shit awesome, or what?'
Your attitude is exactly how mine is going to be when I get to your level. Love your work man!
How’s it going now
Grant you farted at 5:11 😂😂
Sure did lmao
HAHA good catch! LMAO Well when you as successful as this man, a fart makes no difference. Farts now, $75k richer tomorrow morning by 11:30AM
and kept a straight face on video, professional as fuck!
Old school term here.... LIKE A BOSS!
Yeah, he set himself up for the rip at 5:10
LOL
This was the first video I saw on Grant Cardone years ago and ever since I have been hooked. He brings so much value and he continues to grow every single year!thanks Uncle G
This dude sheds knowledge with every word he speaks. (besides the chocolate part haha) It's crazy, the opportunities out there, and so many people stop themselves from even attempting. I'm not in the real estate business, but I am a trader, and Grant's enthusiasm, confidence, dedication and drive still hit home with me and the business I am in. Thanks, Grant!
I've been a real estate investor for 6 years. It aint THAT easy. Trust me. Also, there's an enormous amount of risk. I'm not saying you shouldn't invest, but if it were THIS easy EVERYONE would be doing it and doing it successfully. Hypothetical: Your first tenant is adversarial, doesn't pay rent and you have to evict. Can you handle losing out on 6+ months of rent payments?
Here's another real life scenario: housing market corrects OR tons of multi families get built by a corporation close to your investment property. Those projected rents don't meet up with actual rents... wah wah waaaaah.
Do you know how to do your due dilligence? Do you know operating costs? What's yearly maintenance? Who's going to do the maintenance. ETC.
Not hating, but I've seen enough over simplification of real estate investing and I feel an obligation to tell the public (once again) it's hard work. You won't get rich quick and there is enormous risk involved.
opannefrank what about wholesaling at an insane level? You take out massive amounts of risk but the biggest hurdle is having a system in place to bring you buyers and sellers. Also figuring out what the best niche is to find th e sellers from, because in those differing niches we have different levels of motivation in the sellers.
Being in the real estate game is not easy at all not even for a 20 year experienced person. Obstacles is part of business if a tenant won't pay you you have to know that going in the real estate business that could possibly happen and go through the proper legal course and be at peace with that mindset that it could happen. If a person can't handle losing 6 month of rent that person shouldn't go into that field because of the stress it can cause on a person health.
...or, you just aren't that good at this.
Grant definitely has a property manager for minutia like that.
dude your so negative. you just didn't do your due diligence. that's why grant does 12 percent cap rate. cash cow properties.
Tha real uncle g.....got it.....love it!!!!!!
No chocolate for you Grant. Mama says no. lol. Thanks G-man.
Boca is always on FIRE!!
Great video Grant! Love your ambition and go gettem attitude. Thanks for taking us along on your journey.
Has a Lender looked @ this Deal?
How Flexible are they on Price?
Other than Price, whats important to Seller?
Whens the Last Time this Deal Traded?
What did it Trade for Than, so i don't have to do the Property search?
If i spend another 10 g's a Unit, what would you do there?
What are you saying the rents are per Unit Right Now?
"The Deal is About the Whole Package"
Pure Content!
Shalom Grant
Shabbat shalom!
This is exactly how you analyze deals!
Grant's a beast!
Love the Mont Blance Pen
I'm loving this format.
Hey Grant, Love your stuff! When I need some motivation or ideas, I play some Grant Cardone. You live an interesting life and have a great outlook....I like
Killin it
Awesome example love it!!
Money master at work
Hey, I just landed into real estate agencies industry and found this video is super handful
You think you can get $300 more in rent without improvements or with improvements to each unit?
Awesome. Thank you Grant!
Love you grant cardone!!!!
What a great call. Thanks for this.
AWESOME GREAT 🤗🚀💪
Interested in the coaching session.
Great video Grant. Enjoyed all your videos, especially the one on biggerpockets. Question: your first purchase you put down about 300k for a multi in San Diego. Back then, that was a lot of money. How'd you come up with the down payment on your first commercial deal?
10:17 "I ain't doin' no yoga tonight. I did my pilates this morning, Dicklettes. Okay..."
Hi Uncle G, is the book only available for shipping within the US? I tried selecting Indonesia but the State selection still remain US States. Thanks
Execution was informative and clear. Thank you for sharing! 👏 👊
Real talk no bulshit ...this man show us cnik peak to how to do real life investment
Grant, you are killing me with the vertical videos! Awesome stuff as always.
Horacio Valdez Hero He mentioned what helped him with that Horacio..The book Dianetics the modern science of mental health...Read it..life changing. Cheers
At 11:44 the math is wrong. "Another $300.00, $600 no, no, $300 per unit" (x12) is not $7,200. Would be $12,800 not $16,400. If he's going on the erroneous math of $600 per unit, he paid too much and the differential, of the his pre-stated bank factor vs this deal's payout, is less than claimed.I think he did not clear the 600 from the calculator before he ran the equation. Unless he can get 600 more per, then it's phat city.
David Feld C’mon mannnn
All about the CASH FLOW!
Wow. Great stuff!
Love it!
THIS was AWESOME Thank you !!!!!!
GET EM GRANT!!!!!!!
mortgage interest deductions in 2017, you can deduct mortgage interest on loan balances of up to $1 Million. Beginning in 2018, right now with the new tax law, the amount decreases; you can only deduct mortgage interest on loan balances of up to $750,000. Correct me if I'm wrong
Well, I am late to the party, but I believe commercial real estates, as in multifamily units, can deduct basically all the interest on their loan.
Hey Grant, where do you look for and find these deals?
So what I'm getting, is he's buying the property with a loan, making renovations, increasing the rent and making a profit greater than the interest he is paying for the loan.
In retrospect, that sound simple.The math is simple, but I'm not going to go over it.
Very nice work, thank you for sharing 👌
This is great!
Watched it in 2017. Well done.
Hi Grant, love your videos, love your attitude. Your tips and overall thinking are very helpful to me. Want to make only one remark if you don't mind. Please change your phone with better one so the videos you upload are HD :) Keep the good work and wish you big success.
***** is there anyway you can do a video of in depth property valuations? how you value your investments and what not. i have watched some of your multi family videos. is there anyways you can make that happen?......
P.S. It would be amazing to get a reply. no matter what it says!
Thanks, Logan
It's not a complaint it's just a suggestion, to improve the quality of this video. It's not a critic, but a fan that wants to get the best quality. It's up to Grant to take that info and apply it in future videos or do nothing.
Indeed Smooth235. I like his videos and motivation but would love to watch HD videos. The problem is that he is streaming and thats making the quality crap. I tested it myself. But he can make some videos only for youtube and not always stream
if you are worried about the quality of the video you have bigger issues!
Burbs First world problems....
Uncle G ripping it apart
Grant you counting the income , but what about the payments on the 400k finance you getting ? My calculations shows around 13-14k a year which still leaves 3-4k profit. Please someone correct me if im wrong ?
Wow this is awesome man
this guy just said diglets subscribed
Can someone with bad credit really start to invest in real estate? Or does it come down to 3rd,4th, 5th party lending (aka find the damn money somewhere, dude!). Your thoughts?
He's the pro so don't take all of my words BUT, I have watched good buddies of my in the world shittiest credit turn a $11K home in the "hood" into $55k value. SOLD it for $63,000. He not broke no mo! lol. Just takes time, effort, execution and the hell with negativity
yes you can when it comes to multifamily because the bank that lends you money knows that the tenants are the ones paying them not you, as long as the property is producing cash flow
BBS2KILLA most lenders want good credit personal and corporate then rent rolls for subject property
But if you get the property for only $100,000 where are you getting the remaining $375,000 in guessing debt or a loan. When to pay off the initial 100,000 immediately? Or did I misunderstand so,etching
income from units is more than what he owes each month, so he just needs the money the bank needs from him for the deal. The tenants will be paying all the rest the money and eventually paying him back the $100k
@@Johnny_Queso cash flow baby! Thanks for responding 10X
Well Done
Anybody from Spain watching this video?
Ni
2015 youtube grant > 2020 youtube grant
ha! "dicklets" haha i freakin love you Grant G Cardone is the king! we will meet some day
Im all down for a coaching session!!!!
Awesome stuff! That's real💪🏾
how did you survived during the 2008 crisis?
Eating maruchan
Excellent*
did he just fart at 5 minutes? lol
+Justin Teachey yes he did haha
Was the tax deductible part morally right? What was that? Serious question. We all need to pay taxes, correct?
I'm not implying Grant (a businessman) shouldn't take advantage.. that's the game.. I'm talking about what the Government shoild allow..
The gvmt should downsize and stop using FORCE to take money from the people. I believe that *forced tax is theft.* If a gvmt offers a service I wish to see, and if I have the funds, then I'll participate (with my free will), otherwise I will not. It's this easy. I know I currently can not live my free will, because gvmt will lock me up or maybe shoot me if I defend my belongings without paying the protection money (tax).
Participation must me optional for everybody! If nobody wishes to pay for a service, this service will be obsolete and the previousley forcing gvmt people will have the chance to look for a real job where they produce value. ...Oh, this sounds like the tream the foundings fathers had... Long gone! It is totally crazy that 50% (or much more) of ones efforts are taken away for gvmt. Crazy. In some regions 60% on income. With the "little" remainder one can pay sales tax for overprized products, because the producers must pay all kinds of forced fees and add this to their product. Then comes tax on gasoline, and on everything else. This system is sick, but if you are amongst a few who can play it right, you might be able to have prosperity...
10X!
I have a lot to learn
I want to learn
Where is the first half of the MeerKat I was on this same meerkat a little while ago and I know it had a first half.
90% of this had me believing he was Kurt Russell. This man really CAN sell anything. ;P
Big secret huge score
Unbelievable! I love it, I love it, I love it! You are a master teacher with no honorary degrees yet. What are they waiting for? I wish I had stumbled upon you before I had my kids. What was I doing?
But, don't worry. I'm on the right path now.
MommaNeedsHerWine v
I wanna do this but I'm pretty bad at maths. Am I screwed? 😅
Vikingsandra Get good at math
Middle school math is all you need to know. Addition, subtraction, maybe multiplication that’s it!
Cash on Cash ROI
He lost me when he divided 9200 by 100k to get the percentage...
You start with lemonade for 10...Shoes for 100...Bicycles for 1000...Cars for ...10000...Homes for...100000...Buildings for 1000000...Small countries for 10000000.
Chocolate lol
So credit does´t matter on commercial real estate, huh?
you can see Grant is successful . He lives in a condo, he has a 3 yrs old iphone and a boss t-shirt with the logo as big as his head.
+The believer None of those items you mentioned above define success.
+Farid Shahid no shit
People that haven't achieved much will try to elevate themselves by purchasing branded clothing, expensive items to keep up with the trends, they will be putting on an act to appear important. However, once you really are successful there's no need to show off because you know you are.
OFfic3R1K
hey .yea that's a fact..yea that's true... do u have rayan..email.. I think I'm spelling.something wrong..I want to summit..a deal to see what he think...
The believer Youre an idiot.
Acts like the character fro Punisher...
hes living and thinking and we sleep ing come on man!
Back when Grant was dropping real knowledge.. Now instead of teaching how to fish he wants to only catch the fish and sell it back to you 10X over
He's on
FFFIIIIIIIIIIIRREEEEE
Who's got 100k to invest. Not many
***** sound like excuses to me, you can live on 15k for example and if you have a 25k a year job then you can save 10k a year, do that for 10 years and boom you got 100k.
Lol then in 10 years 100k will be worth 200k 😂 not that easy!!
yeah but your pay will go up at least with inflation and if it doesn't then get a job that does.
basically any earnings above your living costs should be saved, I heard grant talk about how you could use this method to get into real estate, because the only way to make decent money there is to buy the entire house, no mortage, buy it and either flip it or rent till its worth more. This is what I hope to do anyway!
thing is, people be on 15k (pounds) and then get a promotion to like 25k and live like they are on 50k so they always gona be broke. live within your means and save save save, private lenders would be easier to convince if they see you being smart with money and putting your own dollar in a deal.
Awesome video Mr. Cardone!!! I currently take the Cardone University sales training and it's a huge plus!!! 2 thumbs up #nationsafedriversmotorclub #grantcardone
"how flexible are you on the price?"
Did uncle G violate his 16 unit rule?
Yesterday, I had a person offer to pay me for the house all cash money. I turned the young guy down because he was suspicious. It is just too much money. How much do you carry on you?
Scary Zones you're a fool
Scary Zones bro you're dumb call him back asap and ask him to write a contract , look through it , sign it . And if he does not put an EMD down then he's lying ...
you should be come the President of United State of America...😀😀😀😀😀
Stop with the portrait mode. Only ol' timers & gang bangers use portrait. 10x that video baby, tip that phone on it's side. Landscape is where it's at! Great work btw
30 years from now that 100k you invested would be worth 600k
thats why you raise rent as time goes by
I knw this is an old video but Lmao @ John S comment below vvv ... when ya have a husband that's something you get use to! Haaha or try to! Lol...
@grantcardone thanks for this very great and informative video! I only wish I'd see this sooner! You rock🙌🙏❤😘💯🙌❤
That was gas at 5 lol
So making 96k in future
TheMasculion a year