You shouldn't invest in real estate if you don't know the market. You have to know about the location and what kind of residents are in the area. When you know what you’re doing, you’ll make money. If you’re not making money, then you don’t know something. The real estate is a game about KNOW.
The 4 Quadrants of Real Estate are:
● Down Payment
● Debt and
Important is Price and the most important is Cash-on-cash.
Use the 3X rule to figure out what property you kind afford. If you can put down $100,000, then you can afford a $300,000 property. If you put down $1,000,000, then you can afford a $3,000,000 property.
Debt is not a bad thing. It’s not an expense—it’s optional. Dave Ramsey will tell you not to have any debt but everyone has debts. The fact that I have to rely on oxygen is a debt load. Debt is what gives you leverage to own a property that you didn’t even pay for. Debt is your friend.
How should you approach real estate deals?
1) Look at 100 Deals to buy (2 to 3)
2) Look at Bigger Deals- the small deals are how you will get wiped out
3) Learn your 4 Quadrants (price and cash-on-cash are the most important)
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GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV
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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.