Why Multifamily Real Estate is Better than buying a house -Grant Cardone

I want to give you my new Real Estate Book for free-just follow this link: 10x.grantcardo...
Real estate is the best way to grow wealth. If you want to get super rich, get involved in real estate - but I'm not talking about just any real estate. I recently wrote an article that explained why buying a house is for suckers. A home is not an investment, because it doesn't pay you each month - you have to pay it. It's a liability to me, not an asset. Not only does a house leave you less mobile, it ties up your money so you can't use it for real assets. There are many indications that multi-family apartment investments will continue to be great:
75 million Baby Boomers are headed into retirement
Many of today's apartment complexes may be converted to retirement communities in the future
Many millennials aren't buying homes
It's getting more expensive to build new apartment units
You ready to get involved in Multi-Family? Be sure to watch every Monday at noon EST and let's get you RICH.
GrantCardone.com
www.grantcardon...
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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.mzstat... 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.

[@Wiseman300BC]

Uncle G is the only one that shares real knowledge. Uncle G never die please.

[@auranshereef4551]

Stay alive!

[@TheWolfFragger]

uncle g thanks for the great advice you have really helped me im only 15 and am learning everything there is to know about real estate before i get out of school so when i do i can jump on a deal and kill it!! Thanks for all the advice.

[@AdamPepiton]

Bear Gaming best of luck man!

[@TheWolfFragger]

thanks

[@SuperlativeElectric]

Bear Gaming You are 15 years old and could be doing anything, but are studying real estate? Boy, do you have a big future ahead of you.

[@TheWolfFragger]

thanks a lot!!

[@livewire3449]

Just keep learning. I know a lot of men that wish they studied investments early on. Don't let anyone say you're too young, have older mentors teach you what to say and do and it should never matter. If I started as early as you and stuck with it despite set backs nearly all investors experience, I believe I would be worth around $10 million now. Its not get rich quick, even Trump lost deals and nearlu lost it all. Just keep studying various teachers as your knowledge and soon to be business grows.

[@Jamon-sh6li]

Uncle G. First of all I want to thank you & your team for your passion & obsession in giving us endless advice. You guys are really 10X machines! I love listening/watching your shows every time I have the chance whether I am on my way to work or back home for more than 2 months now. I totally agree with you. I am still an employee but I'm starting looking for deals that make sense according to your advice. I know Philippines market is far different from the US though your numbers are universal & does work anywhere. I am telling my family & friends about you. I know your goal is to simply help people all over the world. We love you from the Philippines! ❤

[@mogulsinthemaking2057]

Love the vid, multi family all day long. So grateful for all of the knowledge you provide

[@cityparkproperties7001]

First time listener here. Very informative show, but wow, your energy is bursting at the seams. Not a show you want to watch before bed

[@jared2668]

Great show! I think the most valuable part about this show is when Grant is running through the deal and dissecting the numbers. Knowing what Grant looks for and how he looks over deals is where I find the value. Great stuff guys.

[@alanstewartjr]

"Intention is senior to mechanics." How is the neighborhood? When did the deal last trade? How much did he pay? What are the taxes? Divide the gross income by the purchase price for the cap rate.

[@nicholasbrown6207]

Grant, what about the taxes on the Cleveland deal? Shouldn't it be NOI $146k- 60k debt-$33k taxes=$53k ... 10.6% return on his $500k

[@sunnypatel9414]

Thanks Grant! I was actually thinking about buying a house as a rental property but now I see the advantage of owning a small fourplex. This video definitely was an eye opener! I'm currently a franchisee of 2 locations and the cash flow is there but I'm looking for the equity and assets. Thanks for the advice!!

[@zuzilda]

You were right about this 4 years ago

[@melodyli8]

Awesome info, exactly what i needed, the numbers to analysis on a deal! LOVE

[@Entrepreneurusa]

I need some advice here please ,I am trying to buy my first investment propriety in South Florida my budget is around 275k to 350 k and I am financing ,but the prices are sky high right now ..I thought about buying north maybe or west coast ..any advice ?

[@josephnebenzahl7704]

on the Cleveland deal, how does Grant know what the top is? What does Grant mean every time it reached the top it crashes? how does holding on to the property through tough times indicate a good location? how do you figure out what the seller paid?

[@richardvargus7443]

Joseph Nebenzahl all real estate transactions are a matter of public record availible at the county clerks office sir.

[@iftak01]

his commercial is reminding me off Steven stevens (not his real name) from Money talks...looks same old froam face smiles few times lol. This dude is the man, smart real deal

[@xtremegear5459]

Man!. I love Grant Cardone . Your the best

[@opufy]

Let's say I want a 6-plex (if anyone can help me out here) what should each unit provide me to be worth the hassle of tending to each of those tennants and the price that would be worth paying for the MF property? I figured, let's say, I want 1k per unit to be content. I would make 6000/month = 72000/year. I want that yield to represent a certain % for what I purchased the property for so let's say 7% return each year, then I would need to buy a property that is worth 1.038 Million. BUT the location affects this so maybe the vacancy could be an issue depending whree you buy it even if you grade the return you like for the price... What would be some advice on this dwelling on my mind?

[@Bossup813]

Thank you for the value unc!

[@GeorgiaMade404]

Grant, what about the guys that own 50,000 houses like Invitation Homes, American Homes 4 Rent, and Colony Starwood Homes? Even the smaller guys that own 6000-7000 homes that has raised private equity money? Don't underestimate the power of owning Single Family Homes!

[@MD-xb1qw]

He murdered that deal in a good way. Broke the numbers down to a science.

[@hoopwarz9232]

Why is the intro sooooo long😫

[@xtremegear5459]

I'm latino. He had me rolling with the mariachi!! Lmao. Do it again one last time.

[@khemarandinh3488]

intention is senior to mechanism

[@mrdetailing9406]

Very very useful! Thanks

[@staneyler]

OK, so now that we know the property was purchased on July 12, 2011 for $3,500,000 - how much was the caller saying he could buy it for? I don't think it was for sale and no, you can't buy it for $1,500,000... Here is the listing on Loopnet and as of today, it is off market. www.loopnet.com/Listing/17095477/1910-Mayflower-Rd-Fort-Pierce-FL/ Owner is Las Palmas Apartments Investments Llc 3391 Peachtree Rd Ne #110, Atlanta, GA 30326

[@jkli14]

What kind of belt is that

[@marcoi7455]

16 headaches.... Lol

[@goldmineadvantage]

I'm getting a cap rate of 29.9% in the 500k down. Where am I going wrong?

[@Lanainvestor]

what city? what address?

[@dreamingrightnow1174]

This is so far over my head, lol. What's a broker now? Is that like an agent, but they own the property?

[@Reenown]

Dreamingrightnow did you figure it out?

[@jasonajitsingh7331]

This will make me a billionaire.

[@matthewconner463]

MULTI💲💲💲-FAMILYis the 👍🏾🔥🔥🔥🔥 of REAL🏦🏦🏬🏬🏬🏬🏦🏦ESTATE👍🏾

[@karimrahim1871]

Tell me uncle G, why did u wait 2 years before ur first family home investment since u dont like the saying "patiencs is a virtue"

[@rainboots8069]

"play the taco music"

[@slicksteve22]

Rain & Boots wow

[@imaallstar4eva]

I know where you was going with the Mexican music, WACK!!!!

[@joncorreia]

yea great real estate message, but the music for that caller was very ignorant, not cool

[@frankenfaq4706]

I have 100k where do I start

[@frankenfaq4706]

Grant Cardone already tried your website didnt let me continue after i filled out the app

[@scsmith4604]

nothing wastes more time than standing in line at Chipotle behind someone who has never been there before

[@MAG-hv9qj]

Grant with that Banda ;D

[@b-rare]

man that freddy deal is robbery god damn

[@alstonfernandez]

my realtor told me most lenders wont lend on multifamily

[@Colefyre]

Creative financing, or find another realtor?

[@battlegroundfitnessstl9937]

Should I buy a 16 unit apartment for $30,000 in a horrible location(in the ghetto), every other building around it is boarded up, completely vacant and the inside is half burnt? Rents in the area are $488 for 1bd - $650 for 3 bed. Last sold for $125,00 in 2013 and short selling it now.

[@juswolf22]

lol the taco music was a tad racist

[@mdmilonkhanmdmilonkhan6178]

I am fd has

[@halvey8518]

Chipolties?😂

[@noahclark1807]

🔥🔥 fair fight 0:40 💖💛 👇👇💜

[@amichiganblackman3200]

I love the breakdown of the deals, it's very educational to see you break them down on a whiteboard, but...Taco music?! Cmon, grant, that shit ain't cool. That was some racist type shit.

[@livewire3449]

Being edgy is not racist. Keep up that attitude and you'll be stuck on the "its the white man's fault" attitude for life.

[@dopebookdealer7984]

Live Wire Or the Jews fault for the white man who needs an excuse. Excuses are free that's why everyone has them.

[@amichiganblackman3200]

Not talking about nameless faces who you claim to know about. I'm talking about grant fuckin cardone. And I don't care what other ppl do, that doesn't make it right and that doesn't excuse someone getting called out on it. That shit is discriminatory and shouldn't be passed over.

[@dopebookdealer7984]

Fiddler Green First check your definition on what discrimination is. I think the word your looking for is he is insensitive. In which I can agree with you on. But many people are. Most likely yourself.

[@compuingles6388]

So if the caller was from Australia and they played AC/CD that would be racist too? Or the guy was Italian and they played Pavarotti that would be racist???

[@flashpb04]

Grant thinks he’s so much smarter than he is 😂 just goes to show that it’s better to be a hustler than to be smart

[@CommandoMaster]

Good stuff here. They don't teach you this stuff in school.

[@dopebookdealer7984]

What a salesman . Finesse king

[@restassuredworship]

"You do not want debt, unless it produces income..." - GC love it man! I like how you tied in Dave's success with teaching debt free - but, you don't stop there, you help us understand the VALUE of borrowing WHEN it produces income. - Especially in this age of low interest debt. God bless you GC!

[@mikearico7548]

Grant, really appreciate what your doing here. May 29th 17 you said to comment on your real estate videos for a chance to be part of your Documentary .... let's roll brother. -mike.

[@stanleytomasetti1074]

he fucking called it with retail

[@wholeestate2950]

I went from premed to real estate as my major lol

[@joemonroe9456]

How is it going?

[@PeytonOBrienMagic]

How'd it go?

[@josephnebenzahl7704]

Grant said dividing the taxes on the Cleveland deal for .02 means the seller is in it for 1.6 what does that mean?

[@masterdrummer19]

average propery tax rate across US is between 1-2% (0.02). He took the property taxes of 30k which are calculated from the most recent purchases price in '08. when you divide 30,000 by .02 you get 1,600,000 which would be the price of the deal assuming that 2% property tax. AKA when you multiply the 1,600,000 price by 2%, you get the 30k property tax. if anything, this is the lowest the owner could have paid for the property with the given conditions. he likely paid more than 1.6 million for it

[@josephnebenzahl7704]

Jack Comoss ty for explaining

[@harlemworldking7942]

Jack Comoss hey jack..when get this hope u in gd spirit.. if can..or know Ryan proper email... send to me.. I send to - [e-mail] (it come back as not found...

[@jasonlovescoffee6988]

Before I go buy an apartment building, I first need to know where you got that fly as fuck blazer Grant.

[@alanstewartjr]

"I'm qualified to buy, I have the money and I have done other deals in the market. I love the deal" - never beat up the deal first. Seduce the seller....

[@omerpalka8245]

Alan Stewart Jr. What do you mean beat up the deal? Why not ?

[@alanstewartjr]

Omer Palka I mean when I am looking at investment properties I don't talk teach about the property on my first visit. I get the seller excited that I am there so I get shown extra attention. Watch the full video, he was saying he does the same and I think it's great advice. It's an amateur move to come in and talk about all of the Cons of a property. It turns the sellers or the agents off to you...

[@walkofwealth7345]

This is so spot on. The Economies of scale, leverage and cash flows as well as mitigated risk is unparallelled with MFRE. Thanks Grant!

[@06livefast]

There is no one on KZbin offering content like this. Listen, take notes, and apply. Change your life. Thank Grant.

[@Kstukess0]

This was awesome Love it Grant.

[@RubenGarcia-sm9dg]

Your awesome Grant!!!

[@royaltyrealestateinvestmen1317]

taco music... really??? sick 😝

[@AshtonMontgomery]

I was laughing so hard my man haha

[@royaltyrealestateinvestmen1317]

😝

[@PeytonOBrienMagic]

Why wouldn't you want the retail? Can someone explain this to me?

[@beverlyerbeck3690]

The Country field for the Free 10X book is dead and I can't order the book.

[@sonnytatejurelang1737]

Interview Tyler Deveraux !!!

[@valentinomc]

3 years latter this video become reality

[@franciscoh2148]

Grant "the punisher" cardone

[@pranavsharma4702]

i am from india m sudying in class 12 and too much intrested to become bellioniere just want to learn some tacts from u from my childhood i had one thing in my mind BUISNESS nd now my time has come so i want to get introduce to some of the tacts like closing deaal and all that stuff i am just sitting alone sometimes and planning my future to do a big buisness thanx man apperciate u nd luv u

[@standinginson1]

A true leader replicates himself in others. I’m glad that I found Cardone. He’s a real leader.

[@daeboyz305]

het grant in your first 15yrs investing in real estate what was you net worth and is it possible to to make $100 million dollars in 15yrs investing in real estate starting with 1million dallors

[@cancer2361964]

What is multifamily

[@cristinacardoso8575]

I Thank GOD for your Existence and for Sharing Your Expertise with US. Blessings to you and your gorgeous wife!! Thank YOU :)

[@SAS2022]

Cristina Cardoso He’s not sharing his expertise with the US He’s sharing it with the world !! 👌👌👌

[@ianhop]

you don't have to get a hotel anymore...

[@quinzhoffman4984]

What would you do with $500,000?

[@ITILII]

Give it to me, of course !

[@yansoloextreme8]

Id buy 80s porno magazines and park a van under a bridge.

[@jaan-mattisaul8934]

Why does Grant teach instead of fully focusing on his real estate business? His advice is great but I don't get it. The only logical explanation can be that he earns more from teaching than he does from real estate. Or he's doing this for charity purposes.

[@joemonroe9456]

It's how he makes money to invest in real estate.

[@staneyler]

At 43 minutes and 20 seconds above the guy with the accent says the owner paid $350,000 four years ago. In reality, the owner paid $3,500,000 in 2011 which is 6 years ago. Somebody help me. Before I invest any of my money, I want to know EVERYTHING about them!!! So Grant, let's find some real deals. Stan

[@JeffWybo]

I love multi family!

[@b-rare]

grant just wanna say love your attitude keep doing you man. did you just learn everything by trial and error? I feel like you never really had a mentor, you just went out there and said fuck everybody im going to tear shit up and thats what you did. thats the vibe i get from you you have the winner attitude. If i spent 6 months around you I bet you id be earning more money just from that confidence/power you bring to the table. love the grant rants keep it up man dont change it !

[@AliA-sb2pd]

16:39 I think he got carried away, I know loads of people with single family home investments that get a hefty monthly check after all expenses have been paid

[@manuelterrazas6934]

Would like to know how to start without having real estate experience

[@Bossup813]

Hey unc you have me kind of shook when it comes to bringing you a deal. Your gonna snatch it from under me. Oh, sorry. That's called business.

[@akaninyenethompson1173]

Grant car done is so smart and says the real stuff about investment. He just confirmed some of the things I've been thinking for some years now.Thanks Grant.

[@GReenMoNey88]

What formula did grant use to find the value of the property?

[@davidbranch6081]

Wow Grant, you're on fire man. Don't by apartments near malls wow. I will remember this for sure. thanks for the video God bless you man.

[@Holthane]

Could anyone help me understand what he was talking about when he said, he's making 4% on the banks loan or whatever? All I got from that is that it's better to split your debt if one is going to make you pay less interest. So before, the guy was making 86,000 a year and after he changed to two lenders, 1m at the same % and the 500k at a lower percentage he came out with 90,000 a year instead. To me this seems obvious but the reaction from everyone in the studio seemed like they just had a revelation. Did I miss something?

[@Lovlycloud]

He's not saying split the debt. He's saying, even if he had the full $1.5M he would borrow $1M from the bank because he can make 4% on the banks money and then 10% on his $500K that he puts down. His point is to make money off of the borrowed money. Instead of just making 10% on HIS money, he is also making an additional 4% on the banks money.

[@livewire3449]

Mortgage money can be the cheapest money at times, but be extremely careful where you use it. There are so many things that can crash your property with over financing such as balloons, person guarentees, rates being higher up renewing a loan, the rents tank, the market tanks, your idea for the money fails, etc.

[@jiujitsu94]

I've focused on 6 unit apartment buildings in Hispanic neighborhoods. I've had great luck with those, they generally sell for around $225,000.

[@theultimatejuggler4577]

Omaha Wellness where ?

[@Gierboo]

Tiooo G! I agreed with u! Love you content man! One day I hope to meet you! #MiamiKid

[@harlemworldking7942]

hey anybody got uncle email... ryans.. for deals

[@EddieGillies]

Papa G what's good! If you can't tell I'm one of the millennialist we're speaking about. I only recently become tuned into multi family real estate. You have been a awesome guide with a winning attitude that I can't help but want to mirror. We will meet at some point! #B.O.B.A

[@AdamPepiton]

I need to talk to my papaw about getting into apartments. He's got a tone of land but no multi-family places.

[@fridaabundis68]

Hi Grant! I'm ready to do a deal! Let's do this!!

[@jarvinator94]

Wow this aged well.

[@thomasadorman3014]

There Is Only One way to make it happen, JUST DO IT!

[@DylanDubstepxXx]

you are not Shane's dad...are?

[@irenenabitaka7057]

Will call you tomorrow.

[@Commvestor1]

Good info. Thx.

[@SaiedAlvarian]

i wanna be in the transformer!! haha

[@NIKEluvsVictory84]

you are Brilliant love the content!!!

[@joshroy4559]

Captain Ryan what's good

[@bastianrivero]

Uncle GGGGGGG Bo yyyyyy xD

[@terabtsering5319]

first!

[@MariaJungheatu]

Thanks!