Due Diligence - Real Estate Investing with Grant Cardone

Due Diligence - Real Estate Investing with Grant Cardone.
When you buy a property, what should you do first? You do your due diligence. What is due diligence? Reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something. Due diligence gives you, the bank, and investors the confidence about whether you want to do the deal. That is the most important part of due diligence, the simple question of asking yourself “do I want to be in the deal?”
1.Do you want to be in the game? Whether office, single family home, or multi-family…what game do you want to be in?
2.Do you want to be in that deal? Getting more specific, do you want those tenants, that location, that building?
Remember that you need a bank on your side. They are your partner. Grant takes 20 days usually with due diligence. What does he look at from the seller? Inspections, rent rolls, T12, rehab information, and income statements. There are 3 kinds of income statements. Real ones, fake ones, and mom and pop ones. The mom and pop statements end in all 0’s. Nothing ends in zero. Due diligence will find the real numbers.
There is still time to get in on Grant’s latest deal. Go to ormondinvestment.com to learn more.
GrantCardone.com
www.grantcardone.com
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Grant Cardone Career and Bio
TV Undercover Billionaire
CEO - CardoneCapital.com Real Estate Holdings 2.2B AUM
Founder - 10X Movement Business Conferences Worldwide
Author - The 10X Rule. (Plus eight more biz books)
Philanthropy Grant Cardone Foundation - Support kids without fathers.
Raised Over 100M for Charites Apple Podcasts‎The Cardone Zone on Apple Podcasts‎Careers · 2020 (420 kB)is4-ssl.mzstatic.com/image/th... KZbinGrant CardoneGrant Cardone is the author of eight business books, thirteen business programs, and is the CEO of seven privately held companies. Forbes calls him one of the top social media business influencers in the world. Cardone founded and manages a real estate investment firm, Cardone Capital, with $1Billion assets under management. He also travels the world consulting Fortune 500 companies, small business owners, startups and governments on business expansion. One of his enterprises recently hosted The 10X Growth Conference at Miami Marlins Park in Miami, Florida with over 34,000 business people and entrepreneurs in attendance from over fifty countries. Mr. Cardone resides in Miami with his wife, Elena Cardone and their two children, Sabrina and Scarlett. Visit grantcardone.com for his latest blogs, news, tips, training, and where to catch him LIVE!
The information provided is for convenience only. It is not investment advice or a recommendation, it does not constitute a solicitation to buy or sell securities, and it may not be relied upon in considering an investment in a Cardone fund. Past performance is no guarantee of future results. Any historical returns expected returns or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. Investment in Cardone funds is available only to independently verified “accredited investors” through an offering made in accordance with Rule 506(c) under Regulation D of the Securities Act of 1933. Before investing in any Cardone fund, prospective investors should consider carefully the investment objective(s), risks, arches, and expenses. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of the data provided. Cardone Capital does not provide legal or tax advice. Prospective investors should consult with a tax or legal adviser before making any investment decision. This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.

[@davids7344]

This guy is a master of getting people fired up. He is a salesman. I have to give him credit for doing his research and knowing his market and his hard work. But that's what it will always boil down to. Hard work and ability to sell. Every "deal" he finds becomes his "pitch". Its about knowing what to say to sell investors (including banks) on an idea. Anyone who has ever had a sales position for any extent of time can see this. The free tips and advise from him are generous and are worth a lot. Just make sure you follow the real example he sets by working hard and knowing your product and "buyers" (lenders).

[@mattrotty8922]

Uncle G: I'm apart of a high-end real estate training program and I've learned so much. With that said, "Real Estate Investing Made Simple" is a show that should cost money because the content is OFF THE CHARTS. What you share is priceless, so thank you very much for everything. I'm also doing Cardone University and that's off the chart too!!!

[@patricke8627]

Amazing. This guy keeps pumping out content. No other real estate guru like this. I've seen multiple guys and have a multi mill contract through a tech company that I can't wait to invest into my multi families. I looked at Manny Khoshbin and many of the other tycoons but this guy right here.... you overdeliver my friend and that's what it's about. King. You can literally take the information this guy provides and go build your portfolio in a year. Best teacher on this platform. You and Jay Morrison. No debating it. I'm sure you make over 20-30 mil in NOI every year and don't have to teach this stuff but for the fact that you take the time out of your day to share it. Much respect.

[@No2BHO]

Patrick Enewally yo can I ask you a question.

[@mikeross804]

This was such a great episode I had to watch it three times and creat a play list of the show

[@kabughoshifah3521]

Am a Ugandan watching from Saudi Arabia now❤❤

[@stevenparker5014]

Bro! I’m in the KNOW now thanks to you! Love your sense of humor and casual approach. I’m always rewinding the vids cause your crack me up!!

[@kidcitylynnwood6324]

BEST SHOW OF ALL!! YOU ROCK GRANT!

[@Villaintrader12]

Loved this video man! Keep it up!! So much priceless information. Thanks for the content.

[@bgbusiness_]

Wow. 28:50 ~ 30:00 is AMAZING. The guy that has been working there for 10, 20 years is going to be the KEY to the due diligence in my opinion and that's fantastic point that Ryan is pointing it out. Screen out for huge red flags...

[@asonyutonny7635]

Started listening and learning from Grant in 2019.. still watching over the videos and now ready to launch the game👍👍

[@FlowzTheRhythm]

I love GC. His energy simply from these videos rubs off on me to want to be just like him. THAT is powerful! Im learning much more than I could ever from college. Keep it up

[@otrading1593]

do you use a specific Rent to Price ratio?

[@otrading1593]

do you have the DD period start at inception of the agreement or when you receive all the necessary documents?

[@JessnT]

Also what is the rule of thumb for getting the correct property manager for a 16 or more building. I know I have asked this before in previous video but would love your feedback on it! I have also just purchased the book "The Book on Managing Rental Properties" by Brandon Turner but would love to hear your feedback?

[@otrading1593]

now i gotta go back and take notes

[@jankosandrevjr8193]

Great info Grant. Thank you and keep it coming.

[@ryanhicks942]

Gold!!! Thank you GC and Captain Ryan!!!

[@KrismanX]

Ingoramus* Had to do it...Love your content, Grant! Solid GOLD.

[@tamirajohnelle4700]

Thank you for all of this information Grant! You're Amazing!

[@BlackMenTakingOurCommunityBack]

Tamira Johnelle Sharpe really is

[@jordanbrady809]

Wow From the uncle that doesn't touch me... He truly changed my life at 25 years of age.. Don't know where I'd be without this knowledge.. Thank you Grant Cardone!

[@kabughoshifah3521]

Really thank you Soo much

[@otrading1593]

insouciant .. damn i had to work to figure out how to spell that one... thanks yet again Grant!! i was told i was nonchalant as a child, makes sense

[@samoanstudios]

Can a value of a unit be calculated if I don't have a cap rate, and the owner won't give a selling price? The only info I have is the expenses and the rents.

[@404TRUCKERTV]

Man I love this guy, He's a pitbull, He gets me fired up!

[@juancarreracollins363]

Min 31 you mention you pay more taxes if you purchase the deal for $5 million more. Is that so in non-disclosure states like Texas?

[@GabrielGarcia-et7us]

Which (web page) lists apartment buildings for sale? Don't know if I'm googling right or wtf but I can't find anything.

[@jerrickdrew8178]

do a show on taxes and studying your market pleeeeeeaaaaase

[@fjh0923]

3 people don't want to get rich in real estate for those thumbs down. Grant, you're a monster.

[@cesardilorenzo6222]

Niiice suit captain!

[@otrading1593]

HOLY FAWK!! i know people who've paid thousands for this type of understanding and insight "I want people calling me at midnight so they can pay me on the first!" ... that's deep brother

[@mr.brownplumbing]

I need to see grant and ben mallah in a podcast together now!

[@gaoxinglangblog]

was the word "jovial"

[@cancer2361964]

WHAT IS THE T12 .

[@dalzate09]

Can you please explain why you recommend buying a multi-family, no less than 16 units..

[@cal3b803]

Daniel Alzate the more incomes (units) you have the more secure your cash flow is. 1 house is 1 stream of money, if that tenant leaves the money stops. If you have 50 tenants and 1 leaves you’re still stable.

[@dalzate09]

@Caleb Morse - I appreciate the reply. Thank you!

[@nothingnessist2269]

HEY GRANT, can you send me that big binder of DUE DILIGENCE, I WANT TO READ IT AND STUDY IT, please and thank you

[@rpietryk4690]

Exuberance

[@troymason4799]

whats the problem with a duplex??????????????????????

[@going2sleep]

Most difficult part is funding a good deal.

[@EggscellentSheets]

I hope you meant “finding” a good deal, because if you can find a good deal the deal will fund itself. Remember this key- The money isn’t being lended to you, it’s being lended to the deal(business).

[@dleonardfwtx]

Do you want the deal??? Come on man!

[@lpdsquads1]

My new goal is to become accredited.

[@victoriadoo8349]

hey Grant what's your opinion towards the raised of taxes on the middle class homebuyers by President Trump? Is it good/bad?

[@jamiepultrum543]

What up grant!!!

[@otrading1593]

is it possible to get a copy of the LOI you use?? Thanks

[@otrading1593]

Re3iRtH my man i have an LOI i use now.. i'd be interested in his approach to the LOI, that's all ... i have three brokers to call tomorrow... i don't think you've been paying attention... choking out is the shit nobody will ever tell you about.. Wake The Fuck Up!!!

[@otrading1593]

Re3iRtH DID YOU WATCH THE FUXKING VIDEO??

[@otrading1593]

Re3iRtH thanks

[@otrading1593]

Re3iRtH that's not a question... thats two words, two periods and a question mark... i'm not a mind reader.. ask the damn question already

[@EDurdin]

who is bill and what is his position? Also, why do you trust his expertise so much?

[@sheldenkoyanagi4442]

Do i want the deal!!’

[@otrading1593]

Capt Ryan looks like he carries a Smith & Wesson Bodyguard.. or an FN Five-Seven... js

[@jimmyparaha925]

flying a drone over the roofs of the appartments will give a good indication of roof damage😂

[@blakebowman7645]

Minute 52 Let's you know grant is the real deal. You have to be 10x-ing to ride with GC

[@xtremegear5459]

Your the s#&t!! Gran!, Grant!Grant! Pay it forward man!

[@computerdynamo]

Best part starts @ 44:21. Enjoy!

[@TheWierdAlina.]

Opposite of serious is Humorous :-)

[@jonathanandrews8895]

The word is playful!

[@paultexasusa1366]

THE ORACLE

[@rpietryk4690]

Thank everyone, esp ryan for slowing him down in language 😉😂

[@otrading1593]

still waiting on that underwriting training..

[@johngeist9705]

great show need to haved ahot red head on show for eye candy

[@otrading1593]

jovial

[@timexironman1]

If he is flying your plane I hope he is "All Business and very serious"

[@callumtait8752]

aDaM LeviGnE

[@ZeusAngelblazer]

Hey Grant Cardone, I'm wondering why anyone would ever sell these multi-family apartments when there's so much upside. Why would anyone in their right mind ever sell!?

[@icmull]

@Thelondonbadger Send a message to all tenants of that apartment saying power is out amd it will be sorted in the next couple hours then ignore them all while you get the power sorted in 1 hour.

[@davechow2168]

What was your first purchase?

[@charlesjohnson7222]

I love your content, yet your pilot doesn’t know his stuff. Is there another person in your talent pool that could add value to these videos?

[@Cahluvca]

Wonder if non-accredited investors will get some love???

[@Kurumaro1]

Cahluvca imccv. Unn

[@JessnT]

He doesn't do non-accredited investors because it limits how big his deals can be. He only does big deals with accredited investors. Focus on working hard getting your money right and then go in as a credit investor with him. His book Millionaire to Booklet should be your focus right now just some friendly feedback.

[@edwardrostron6023]

Well there you go

[@rpietryk4690]

Jovial

[@michaelalanaguirre3254]

Who's Uncle Bill??? Dollar Bill...?

[@YanksRule28]

Grant's outside Debt Analyst. Believe he's listed on Cardone Capital's page

[@edwardrostron6023]

Bill Clinton and Rothschild

[@akultisgod5538]

Ud think theyd invest in a damn calculator by now

[@kidcitylynnwood6324]

You must have a thick skin to work with Grant.

[@frederickwhite9634]

*Vicarious

[@joshuabaptiste179]

Hello everyone, I'm a virtual assistant looking for new clients.

[@VT-kh7uf]

He wants your 100K. What he doesn't want you to know, is that you won't get any write offs and right to spend building money on lavish vacations and rolls royces, like he gets, which is all the point of being in this business. You're not his partner, just a lender, hoping to get your money back some day.

[@edwardrostron6023]

V T what

[@Mr123mind]

ignorant, you don't know GC

[@icmull]

Not wrong. That how it works he is a syndicator. Nothing wrong with it. But Grant gets a cut of putting the deal together. I dont know what returns he gets for his investors. But I know of some that give you at least 10%. Just watch out for syndicators using IRR and not MIRR.

[@benlilley7774]

Love Grant Cardone, but hey - brother, quit cutting Captain Ryan off when he is trying to speak. I know your excited and everything, but dang. Its like a recurring theme in your videos.

[@samuelgonzales6503]

I agree 100% its like cap is about to pour out valuable information and then he gets cut off. Very disrespectful.

[@otrading1593]

damn then he ended it with a lesson on taxes - Trump Style!!