How to Buy Your First Deal with No Money Down - Real Estate Investing with Grant Cardone

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that your shares appreciate you coming on today it's Monday baby Monday when you thought you were tired uncle G keeps bringing it for free we know G bringing it for free cuz I love people man I love people man I love people I love me some people man let me tuck my shirt in get professional here huh I don't want to show you ladies here my package cuz it'll disrupt your relationships forever never again could you be with another man oh yeah yeah yeah okay look thank you for the shares help how much time we got Robert oh wow are you killed here had no clue man hey grant cardone here I had no idea we were live producer I know but you got to be sure I heard you've got to be sure you ready give me a Stoke calm down already three two one go hey welcome to Grant cardones real estate investing made simple this is captain Ryan we call him captain Ryan for a reason cuz he's the captain of the ship flying the jet he flies the jet and and you know he's the perfect example by the way every Monday we do a show on real estate Ryan's the one that taught me into this yep Jared taught me into the young hustler show Elena taught me into the damn air oh really how they dude why does everybody keep talking me into doing something can't everybody do something without involving me but you know what I'm here I love you they all know that I'll go for it yeah okay and Ryan came to me and says man you need to teach because we have real estate meetings almost every day here we're constantly looking for deals I've gone from owning my first deal 38 units to now we have almost 4,000 units just closed a deal last month and so every week what we do is Ryan comes to me says I think we need to do a topic on today I want to do no-money-down grant I said okay good how would you raise money if you didn't have any money he's looking at the Facebook feed he's looking at the YouTube comments whether you're watching on YouTube or iTunes I Boone's spoons if you're watching on iTunes or stitcher we look at your comments and he comes to me and says the people that I Poon's watching your podcast want to know how to buy deal with no money down they're also asking the question on Facebook we're hearing our phone calls by the way our phone number three oh five eight six five eight six six eight three oh five eight six five eight six six eight look I'm first of all them and tell you well this topic is so interesting too because I think that we all find ourselves getting stuck yeah finding money yeah right I mean we we all think we have a good deal we all think that we have the knowledge yeah but when it comes to the money the banks are telling us no yeah yeah our friends and family are telling us no yeah so we say the most about you guys you guys are saying no you guys say no to yourself okay so the first thing you do now I talk about targets a lot constantly I'm like without a target you're not getting anyplace see most of you Ryan for instance and me included you looked at your first deal based on the money you had many of you give up on the real estate game because you don't have any money so we like where do I get started I don't have any money dude you don't get started because you don't have any money you get started okay the first thing and I say this over and over it's the deal man the deal is what matters not how much money you have because I say it doesn't take money to make money it takes guts it takes courage and it takes certainty he did his first deal based on how much money he had is that right absolutely so what he did was he chased his little pot my little my little foreplay now Ryan's the perfect guy to be buying real estate for himself because first of all he's a he's a pilot that makes a hundred grand a year so in and I used to get eighteen days off a month and every month every every month every month he'd get every year he'd get 150 days off so he's the perfect he makes enough money he's got enough money saved and he gets eighteen days off to do what shop real estate studying most of you do not have that possibility you don't get 18 days a month off you don't make enough money you don't save enough money so you don't have it so I wanted to do a show today on no money on first of all let me tell you there is no such thing as no money down dude okay they ain't no such thing no bank will lend you money on no money down and no seller will carry a know you without you putting some money down even if it's a promise to do money in the future that's freaking money down man you're gonna have to do something okay you have to exchange something with the person giving you something if they're going to give it to you in for nothing well then trust me you don't want it there is no such thing as no money now similarly this money's got to come from somewhere yeah okay the thing you should be chasing is the deal not your budget okay so I'm going to give you a couple examples that is first of all you make a decision on how much money you need on your job based on how much money you spend this is backwards you should make them a decision on how much money you want regardless how much money you spent this is why people never get ahead then when they get in real estate they chase the deal I'm sorry this deal down here based on the money they shouldn't do that man you should be based you should be fine the deal the deal senior than the amount of money you had if you have no money guess what you're gonna enough you're not going to find a deal if you got a hundred grant how much you put in your first deal 50k so 50k so what he did was he says I got $50,000 and he started chasing two hundred thousand dollar deals okay so what this violates here's what this violates okay first of all it violates you can't buy more than four units would you end up with four units four units you see so no it's a problem with four units the problem with four units is four units can only produce maybe a thousand dollars a month four thousand dollars in income four thousand dollars in income look all he's gonna be doing is kind of okay I'm not gonna fix that I'm not gonna fix the carpet yeah it was two thousand so he was at five hundred month cuz yeah Arizona absolutely so how can he fix the carpets how could he plant flowers how could he do anything to improve the place I mean look honestly I was terrified my first four units and I was terrified I had no nobody taught me like we're going over right now every out you know every Monday at 12:00 we go over an hour there was nobody teaching the stuff for free grant dude I can go I can go raise $2,000 on a street corner right now without buying an apartment totally there's no reason for you to spend up buy this this is gross dollars gross now the point of making sure you we do this show every money call three oh five eight six five eight six six eight I'm going to show you how to structure a deal today when you don't have any money down how to get the money from other people so you fund that deal called opium other people's money okay it's got to be somebody's money somebody much somebody's money is going down there's no such thing there's no money man no it's like where's the money who's got the money you guys are violating everything I teach man there's no shortage of money on this planet you're looking at deals you would not buy if you had a bunch of money so you got to go into the deal saying what's the deal this is not the deal okay this is two thousand dollars of problems there's not enough money okay if you keep the whole two grand let's say you put 50 grand down you buy a deal and you don't ever have another expense in this fall for the rest of your freakin life yeah dude it's still only two grand and that's not possible if you collect two grand you're gonna have vacancies you can have problem you're gonna have urine you're gonna have roof leaks you're going to have air conditions break you're going to have people don't show up people that blow out okay oh by the way at $500 a month you're getting freaking crack addicts you know it you know it right Robert you're getting people with problems dude anybody don't pay $500 a month got problems going on in her life I've been there look my first place it was 275 a month dude okay the guy that rented to me never thought I'd have my own plane I guarantee you that much less 4,000 apartments he still got two units he's sitting there man these two units he's had him for frickin 33 years they pay for themselves like 17 times I got 4,000 units man I make one more in one day than he makes in a freaking year okay now I'm not bragging Iconium humblebrag yeah it wasn't at home believe it when I come back from break I'm gonna show you how to get not two units four units eight units I'm gonna show you how to buy how many units exist I'm gonna show them how about eighty four eighty four units with no money down my name is grant don't as captain right common we are getting creative okay you guys on Facebook too many people are being kept from their dreams by circumstances they couldn't control and mistakes from a long time ago all they needed was the second chance or a fresh start that's why cache now was created since 1997 ray Abood owner of cache now has been the premier expert in home renovation and resale in the York tri-state area dedicated to premiere customer service getting the best deals at the lowest price this is the only expert company you should deal with when it comes to buying and selling a home offering a 5-step home buying process ray and his team will ensure your knees are covered and getting closer to your dreams of buying a home in any city across the United States to find out more on how you can get started on owning or selling a home visit cash now PA comm at the cash now PA com to get started light anything can happen disasters losses unexpected things that are not part of your business plan and what it does the next step is to figure out how to get back to business as fast 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such as dr. oz and the palisade Centre Mall and West Nyack Steve Briggs is New York's best landscape designer this isn't landscape design this is lifestyle design for more information visit Steve Briggs design.com that's Steve Briggs design calm welcome back to the real estate show captain Ryan in your main man grant cardone that's it tell you god that's not it today we're talking about you thank ideal thank you it's called sunflower sunflower Apartments in flower for apartments of a four units 84 units sunflower this is in South Carolina okay 84 units today's show by the way is brought to you by Grant Cardone TV today's show by the way is brought to you by Robert the genius sis low video genius Sisler okay you want your Mike your model man I'm right here I'm always here every Monday every Monday we got an English on every break every Monday we bring your show real estate investing made samples so so so simple real estate investing made simple today we're talking about no money down last week we talked about Noi every week I handle your questions your comments your concerns your situations I got bill on the phone Dustin Adam Andre my car number three oh five eight six five eight six six eight so look the questions we've been getting every week is dude how do I do a deal with no money down okay look you chase the deal not the amount of money you have if you take your notes do not chase your budget never chase your budget I would quit making money a long time ago okay rich people do they look at their expenses and like we don't spend any money compared to the money they make they don't chase their budget they don't chase their expenditures okay finances are one playing offense not defense don't chase your budget doesn't matter how much money you have what matters is what is the deal you want you with me so like if you were going to win the lottery and the lottery is going to pay you ten million dollars you're going to find the 25 bucks to buy the tickets you're chasing the Robert instead of chasing a $200,000 deal chase a 2.5 million dollar deal I tell you over and over look do not buy less than 16 years 16 units do not because it without 16 units you cannot have a manager and if you can't have a manager you're not going to either have your attention on the property or your full-time John Wright particularly those of you out there making 150 thousand dollars a year you're making 180 you're making 200 you don't want to take your attention off of what you're making money on no to go freaking run down a little squirrel yeah any more than I want to mow my lawn yeah no I just know my loss because I like to wait up the grass male yeah when you say when you say 16 units and having a manager you're not talking about a full-time manager right I am oh you're yeah I should rent one of those units to the manager and give him some money because look if you can't do that that guy's gonna rip you off he's gonna be lazy uh-huh okay so cuz watch watch what happens when you got a manager okay right here running 15 units he's running the other 15 so you're giving him I don't know a thousand bucks a month and rent plus you got to give him some money dude if you don't give this cats and money you know he's gonna do he gonna steal in that property man yeah now what do I mean by stealing I don't mean he takes money from you I mean he takes his attention off the property okay and by the way you can't manage it why this thing doesn't produce enough income for you to take your attention off your main thing if you're selling insurance if you're a nurse if you're a mom with couple kids okay you can't do that that's why you got a look at 16 or lesson by the way I wouldn't even bother with 16 minutes it's not big enough go ahead Rob how much you pay the men like how do you gauge how much to pay the manager well okay let's say this 16 units and this thing does $1,000 okay that's 16,000 I wouldn't pay more than 5% to do that job 5% of 16,000 is $800 what's he gonna do for $800 no he gonna do nothing Yeah right you know the smaller deals the under operty management company they charge 10% so you know what he's gonna do hey man we got a leak did my kid fix the leak and did you go fix the leak man there's there's poop coming out of the sewer man and urine man and we got so many drug addicts on the site that I'm actually scared to touch the water because it's so contaminated with Prozac and lithium in it huh you know I'm saying man I mean we got so many junkies hit right like what's he gonna do dude hey man number two and number one number 14 had a big fight man you know what do I do did good man these are problems bro what's he going to afraid hundred no you given him a unit and 800 bucks what's he gonna do hey man it's freakin one o'clock in the morning what do I do to popo's here man yes you see what I'm saying this is why you guys don't do real estate what are the three toilets tenants and termite toilets tenants and termites yeah see the deal is not big enough okay now what am I telling you that dude I'm trying to keep you from doing what this guy did this guy just sold how many units you sell um uh 18 he sold 18 units yeah it dropped into 800 units down yep okay yeah he doesn't own a hundred percent of the deal anymore he's riding on my bet he he basically he basically grabs the this momentum right so he takes his money drops it on my bet and he rides on 800 but now he doesn't manage those property frees you up completely to do what think about bigger deals to go look at bigger deals okay so I'm gonna show you I'm gonna walk into how to do this deal with no money down where's my eraser okay so watch find a deal baby find a deal find a deal all my content all wheeze in together okay so find a deal we found a deal 84 units tell me about this deal 84 units okay so this feels a million five right yeah 1.5 Dillon South Carolina 84 units 1.5 now that's big enough dude awesome this gets interesting okay bill from South Carolina don't put him on yet but he's right there this is backyard where is this located there's on Dillon Dillon South Carolina I don't know anything about the markets called sunflowers South Carolina million five it leads I want to spend at least I'm gonna spend at least where'd I say I was going to spend on this deal dude let's see ten thousand yeah yeah so even he did 5,000 unit no that's 84,000 it was 10,000 times 8 840 would I say I was going to spend on this deal now I'm gonna spend uh-oh man that's something that's I got so much stuff going on I'm crazy man ok oh I'm gonna spend 400 grand on this deal let's make 500 it's not my money anyway I don't have any money see that's what that's what we call this no money down so don't worry about it dude you're going to spend 500 grand on the deal because I want to go in and improve it right it does now I got two million dollars in this is what you need to raise you need to raise 1 million dollars in your first deal if it's a two million dollar deal oh my god dude I don't have two million dollars fine fine that would be the time to say who's got my money okay now I happen to know on this deal let me see the finances on the skill 84 units built 1969 total square feet 113 thousand dollar 130 thousand it's only occupied at 83 percent right now eight acres a land okay the gross revenue on the deal at the 83% okay represents a 9% cap rate that means on two million dollars okay it's going to return a hundred and eighty thousand dollars a year if I pay cash for the deal it's a pretty good deal man not a bad deal I'm gonna come back and show you how to buy this deal with no money down if there is any such thing is no money down which by the way there isn't that means me and you got to find out who's got my damn money i'ma show you how to structure the deal how to get people attention how to get that money down and manage the deal if that's what you want to do there is only one thing that ensures the future of your 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e-book on your guide to financial freedom that specialized IRA services calm hey welcome to a real estate show show real estate investing made simple real estate investing made simple grant cardone captain Ron right here you can follow captain ron on instagram he loves his Instagram he takes photos of himself in the okay so look we're talking about we're talking about how to buy deals with no money down today and why you want to do not chase the amount of money you have chase the deal okay let's assume for a second then I found this great deal okay is 84 units this is double the size to the first deal I ever bought first deal I ever bought about the deal then I figured out the money I do not love this deal once you love a deal man then you can go fine if you love the deal if you're like dude this deal makes money okay so I'm gonna give I'm going to show you this deal right here okay this deal is 83% occupied it's called sunflower place okay I'm gonna walk through how I look at this deal always look at the deal on trailing 12 not the future okay and this thing says this is what this says assuming this is true that cash-on-cash if I put money down to buy this deal it would earn 16 percent a year 16 percent a year okay now the question is how much money do I need to buy this deal and that's based on this deal being a million five uh-huh I can tell you you're going to have to put at least five hundred grand down to buy that deal that's not how I would figure this deal five hundred grand I'm sixteen percent I'm not worried about where to get the five hundred once I believe in the deal I can go find the five hundred I'll show you how to structure the deal I wouldn't do the deal like that it's 83 percent occupied I have a problem here okay there's a problem this place should be 90 or 92 or 93 or 94 percent that was gonna be a question I had for you like 40 what's like the number should be a 94 it looked look big places that are nice or not empty right so so I don't have to do a whole lot of research here to say something wrong with this joint see to the people right the people there or problematic okay so look I'm gonna go spend some money there and turn this into a nice place it's about the deal let's assume it's a good place I'm gonna spend five hundred grand on the place how did I how do I decide that say T four units eighty four units if I spend five thousand dollars a unit I might have me some nice units I don't have to do that right away I'm going to figure the worst case scenario because I got to build a story to sell my investors that are going to put the money down I'm gonna spend five hundred grand on this place is gonna be a great investment I'm gonna put two million I'm gonna raise 1 million I'm gonna go to my bank any bank will lend you the other half look I need five hundred thousand to fix it I need five hundred thousand dollars for the loan I mean a million dollars down on two million okay I want to finance a million dollars it's not a lot of money does that seem like a lot of money to raise a million dollars okay now I'm gonna show you how to structure the deal now what's the rent on these deals right now what's the rent on these deals can you tell me it's average rent 6:59 a door yeah no no no no no average rent right now is about $450 a month so it tells you something about the property no yeah well who's paying $450 a month dude is the location bad let's assume the location it's good let's assume we love this deal I got to do something to change this profile around all right so we're going to take what they're doing now at $450 a month if I can get 84 units if I can get 75 of them rented 0-5 22:05 31 33 thousand seven hundred fifty dollars a month times 12 Ron you got it you got it you got it you got to get busy with me dude okay it's thirty three hundred thirty seven thousand five hundred dollars plus 266 1005 thousand four hundred and five thousand dollars yes 1333 750 twelve is I'm gonna spend about 40% of that in because it's a smaller deal in expenses 200 see that's gonna leave me with two hundred and forty five thousand dollars is that right okay the debt on 1 million dollars at 6% 60,000 okay watch yes $185,000 it's an eighteen point five percent return I don't know if you can see this far that's an eighteen point five percent return if I can't raise the rents now why would I not be able to raise the rents if I just spent five thousand dollars a door on every unit Interiors what can I do for five grand run paint you can do the whole day love you you can do it you can do it I can paint the town for four hundred five or five yeah yeah a door yes so you could do you could do floors fine I'm gonna get rid of all car prices I'm dumping getting rid of every carpet in the place I'm going to freakin that new synthetic yeah he had a little hard like wood okay getting rid of carpet because you know what you can piss on freaking laminate and clean it up right piss on carpet it's real done you can't burn the floors man if you do I can I can pull it up I got to fix the whole carpet alright so I'm gonna get rid of the carpet I'm gonna redo the kitchen so I'm gonna put in new new sinks new refrigerators yeah uh new tubs yeah yeah I mean the biggest thing is is new lane countertops paint the walls yeah yeah dude um affects the places okay now you know what how do I fix them see I got your attention now off the money I don't have any money how am I gonna do this don't worry about that don't worry about the deal chase the deal okay I got 17 units seventeen percent of this property is vacant right now seventeen percent of 84 is how many 14 units are vacant man I need to work on the 14 that are vacant ain't nobody in them I don't have to move anybody out I'm gonna be like ain't nobody there man going there and start fixing up okay you get the money from the bank the money so cheap right now it's unbelievable uh-huh how do you fix it how much would you raise the rent to okay good question dude I'm gonna test the market out I'm at 450 a door right now so I got some I got some garbage dump that little Bobby's rent for 450 and I'll send I bring a tenant over say look man here's the bad carpet here's the bad freaking dark hadn't been painted frickin kitchen suck okay it's terrible and then I got this one uh-huh how much is that it's only another buck fifty so now I just took the rent on this joint okay watch over the next 12 months this is the story by the way I'm selling to the investors over the next six months or 12 months I'm gonna raise the rents from 450 to 600 600 and let's say I'm still at 75 units okay 0:45 yeah thousand forty five thousand dollars a month yeah I just raised the rents a hundred and fifty thousand a year income okay how do I figure that that rent was thirty three thousand now it's 45 it's five forty thousand a year five forty a year divided by or multi okay now watch what watch yes remember my 18% watch s 540 a year okay I'm gonna figure my expenses at 270 now notice I don't have anybody stealing at me now can actually pay somebody 660 you know I can pay somebody some real money to manage the property okay I got my attention on it let's say this is 270 okay how much do I have down 1 million dollars to 70-year into 1 million in 4 years it's paid off paid off damn my down payments paid off the return is 27% just by raising the rent so back back to fixing a place raising the rent do my deal focusing okay going for a big deal rather than a little dude you could never do this with 4 units now watch what I'm gonna do watch what I'm gonna do here okay a couple things number 1 I'm gonna tell my investors I'm gonna go to some people that have 100 grand each or 50 grand each or 20 grand each hey dude I'll pay you how much can you pay out of 27 percent the first year you were at 18% okay the second year you're at 27% what can you pay that hey man 10 12 8 14 15 what what do you want to do how much yeah tell you what I'll pay you tell you what I'll pay you I'll pay you 15 percent in year 1 and oh come you're gonna have to pay that much because you never done a deal people are taking a chance on you so who would you go see first mom dad uncle aunt brother sister problem is those people know you're freaking jack yeah okay they don't trust you because you know you've been having problems in your life there's time to freaking grow up now it's time to show up and grow up and get your frickin head focus and become obsessed you got to become obsessed when people start thinking dude that guy's for real bro okay so you got to get certain you got to know what the hell you're doing I was just getting ready take Bill tips okay bill from South Carolina all right so look we're taking calls 305 eight six five eight six six eight this is how we do our deals okay I'm gonna show you how I do our deals we raise money today and what we do on our deals okay by the way also and Ryan you should have added this if you're gonna if you're just going to have a partnership two ways to do the deal you have a partnership or you control if you're going to take control of their money and basically make them passive investors you have to get you want explain that yeah correct so if you're going to if you're going to be the decision maker so grant is the decision maker in all of his deals so he has to actually do called it a General Partner a general partner or a syndicator yes okay so our time out is completely two different things so affectional if you're just go if you want to just go raise money from your friends your family I actually used to look for investors at my local area the real estate investment club because those were the people who were maybe didn't have enough time but I did and they wanted to put fifty a hundred thousand or two hundred thousand dollars into do there's a lot of people out there right now that have money sitting in the bank and a quarter percent exactly so if I know you yeah and we have a relationship if we have a pre-existing relationship yeah I actually don't need to go and follow with the SEC which is the Securities and Exchange Commission we find I'm not the SEC exactly the Google Securities Exchange Commission actually oversees what we look at investment right so when I may control it yeah yeah so I'm a GP okay no what we do with the deal is this we do 6% okay we ran our first deal out to market and I said look I'm gonna do six percent in 50/50 when we delivered we just closed the deal last week right first time I've ever let other people into my deal what did I send everybody we think it's better day by day so which was a preferred six percent and and I said 5050 everybody with you under the entire deal everybody agreed with other people's money yep and then when I when I when we called him Friday after we closed the deal I said hey by the way I didn't do 50/50 I didn't 6535 yeah and the 65 goes to the investor not to me and nobody knew it okay and none of this for the first time only my sister was family everybody else was outside my family or friends there's the first time I actually allowed to raise outside because we got to prove with the security Exchange Commission and 6% I guaranteed the 6% okay it's a preferred return right you get six before I ever get anything and then we do a 65 35 and the people that invested money in the deal don't have to do anything I signed on a 15 million dollar loan we raise five million four point six million dollars now let's go back to this deal this deal means you need if you you got to put your freakin head down and become a you got a second job now your second job is this make sure this freakin deal works okay so you're going to go raise a million dollars where do you go to raise a million dollars let's find out let's ask our callers where they would go right now bill hey Bill how you doing buddy sorry I had you on hold so long man oh no problem how you doing grant thanks for taking my call you got a bill and I want to answer your question but first I want to ask do you know where Dillon South Carolina is I do how far is that from where you live it's about three hours from where I live I mean I'm in Greenville it's uh it's a little ways off the coast it's about an hour and a half from Myrtle Beach okay inland from the beach okay I didn't know mainland it's a no man land so maybe we don't want this deal maybe it's not a good deal okay uh uh what have you gotten from the show so far Dillon them I answer your question uh well I'm trying to figure out where I can go away money Bob say that again when he second Showtime I'm trying to figure out where I'm gonna raise this money problem okay how BIG's your deal are you in Greenville South Carolina yep I am tell me about your deal here's here's a here's a question that's been nagging at me all right right now I've got five houses all single-family houses they're awful 100% paid for yeah all right it's bringing in about 38 a year on these houses 38,000 yep okay so my question is how much how much are those houses work let me ask you that real quick well I could probably put them in a bundle and sell them for 400 so you got $400,000 sitting now this is called equity it's really important for everybody to understand because every real estate person will have to make this there's one thing when you buy something and there's another thing when you own something he he says man this is do you have problems with it you like you get 38 grand 30 years out I got really good tenants and I'm pretty good at sticking out people yeah and I don't mind being a landlord in fact I love being a landlord these people you know I mean they're they're easy to get along with and they pay on time good good so so now what is he earning on his money would you pay for these houses it's hard it was an inheritance I probably got I probably got a hundred and all of them okay good hun okay so so now there's two things that you have to understand first of all he's getting 38% on his money if he's got a hundred Brandon but he's only getting he's only getting 9% on his money if he measures the equity okay do you understand what I'm saying there yep yep all right now my average deal my average deal every real estate investor has to make this decision there's one thing when you own the deal oh my god I'm doing great on my deal there's another thing as time goes on you're like man I got all this damn money trapped right he's got money trapped 400 grand you got it so watch what happens he owns 30th is that a gross number or net number bill that's gross oh that's gross now watch this okay see I'm going to take that 400 grand I'm gonna say bro this is what I want to do I want to put him in one of my deals at 6% he's gonna earn $24,000 a year $24,000 a year without talking bro you can go visit people you can go have coffee with people without being your tenant I mean if that's what you like about right rent an apartment yeah yeah how much how much you really like to get services for that rent yeah yeah yeah uh I see okay so watch watch okay let's say my deals a deal that we just did in South Carolina do a 65% no not yet 65% of 15% now do do do 65% of my deal my deal we just did in South Carolina is going to do fifteen percent a year so then we're going to go 65 percent of nine percent was 65 percent of nine percent five another six okay so he's gonna earn what yes he's gonna earn twelve percent just on the dividend okay on the four hundred grand he's gonna earn twenty four thousand dollars a year he's gonna get a check for that every year yeah okay that's more than he's making right now right now he makes thirty eight but he's got to go visit got to go check it got it tell me about all the problems you have built yeah well I gotta pay taxes gotta pay tax would you have to pay taxes on mine too I know I know one of them one of them needs a new roof others other than that I've recently you know fixed up the AC so you know yeah okay but but let me ask you do what do you do for a living well I'm kind of stay-at-home dad yeah okay so I mean it kind of like how does this get any better for you though bro when do you grow this will see that that's where I'm at right now great and I'm so frustrated because this is what I want to do I want to take that four hundred thousand dollars and I want to put it into a bigger deal yeah where I can take instead of making $38,000 help I mean I can't you know $38,000 is all well and good but it ain't gonna make somebody a millionaire yeah exactly so look he could take I want to get at it look at this deal dude this deal he could take that 400 grand go raise the other 600 and he can be making I haven't told you the best part of this yet okay but he can be make it he could go buy this deal that's 84 units rather than how many uses he got now for four right bill four units five five years units okay so I mean it's just never gonna get he so broke you know what he'll do his bulk sell that yeah bulk sell that he would go let's say he bought this Dylan Dylan not saying he would here's a deal I'm looking for deals for you in South Carolina dude here's a deal right now I'm on Luke net looking right now there's a lot of different services you can use 326 eight in bill I know it's scary to sell those units trust I just did it a few months ago but once you do and you're actually looking at bigger deals it feels really good because Grant told me over lunch Monday says if you're worried about selling one unit one house he says I'm worried about you because your focus is so small that you're not you're not you're not you're not talking scale you're not talking 200 units 300 units so I personally would say I'd sell them all I would bulk sell them to Bro and then start looking for other stuff you can move into put it in a package and tell them on to purchase some dinner at some guy that wants to do their first deals like you did yeah yeah you know and and dude just tell them do Brit you're gonna get a freakin whatever the return is like oh it's a good deal for you because he's all happy about having five houses and he wants to go visit with people and collect rent that ain't a job bro yeah that's a pain in the ass yeah and that guy's only gonna have like $75,000 in cash and we've eaten his first deal he needs his first deal you got 400 grand trap man see for instance yeah there's a deal Georgetown South Carolina it's it deals for a 1.1 million dollar 625 units you could put your 400 grand down on that one at 25 units you just you just multiplied your your your real estate portfolio about five times yeah look everybody's got to grow up folks yeah and built builds you have anybody around you who wants to invest in real estate as well like friends family are you credit you know do you have credit with the bank yeah all my all my stuff in the bank is good um you know we're doing pretty well between my wife and I were about 180 a year so you know look at this deal this dude how far you from Clinton man I'm sorry I'm interrupting man but I'm getting all excited helpful how far you from Clinton 40 minute okay there's 64 units in Clinton okay they're saying this thing 64 units we're going to take his 400 grand by the way oh and those in your life man I wish I had 400 grand you do you do have 400 grand man the question is do you want to do this or not you got friends relatives uncles and these people are already why they're gonna give me money they're giving it to freakin Wall Street right now know anybody there man they're putting in a freakin mutual funds in IRAs and 401ks you guys don't even your parents don't even know what their money's in it's sitting with some freaking Bank and they can't even get the money man it's been reduced to freakin little digits and bytes and you know it's backed by nothing man you know what money I heard once money is basically money represents idea an idea backed by confidence people don't even have money they don't even have confidence than that anymore so like woody what do you have confidence in dude I got a piece of real estate here I got 64 units in Clinton 64 okay it's beautiful nude I wish I could show you the picture of it I don't know if you could show it maybe maybe one of you grabbed this freaking beautiful deal right here okay can you pull it up a little yeah okay look at this 64 units awesome you looking deal okay awesome looking deal brick gorgeous man I don't know all the details on it but it's saying it's got a seven and a quarter percent cap rate okay now I'm gonna have to open that up let me see it Robin I got to open it up to figure out what that deal is I know I got some of you on hold right now another shows going a little long right now but look every week the chicks name is Desiree Rogers that supposedly is the listing broker which I doubt that's even true 64 units 68,000 square feet of rental property on six and a half acres of land let me open this up I'm looking at Luke net right now for those of you wondering Lupe's net is the only place to find them when you go to loop net by the way he was not the listing agent the desert was not the listing agent you'll see that on loop net listing agent contact listing agent I said it was and it was okay Ashley's earther advertising on there yeah capstone apartments is the listing agent got a name is Alex McDermott Austin Green and Andrew Clank okay now use your phone real quick call this guy real quick for me uh yeah built built tell bill to reach out to me with this next deal when he finds a deal okay and and uh 800 no no I don't want the 800 number see lazy real estate agent yeah anybody's got an eight hundred-number is a lazy bastard okay so eight hundred seven four six three one seven five extension seven hundred probably you 701 used the junior because the seniors already freaking so the leadership said what is it send four six seven right there brussels seven four six 3175 extension 701 i'm not going to ask for the senior guy because he's lazy so i'm going to go to the junior or the person below him they can't wait to talk to somebody and I'm gonna find out what the deal is okay let me see property description offering maturity CCC what what are you what what see it and I go to get information and what do they do they ask for my email address Pig morenas okay dum-dums okay no offense let me see if I can find out what the rent on this thing is click to view other apartment listings I know there's a good looking deal okay so let me see seven point five I don't have any other data I can get here so Brett what are a few options I mean as far as if you don't you know I know you want to raise money from your your friends your family but what are some options that you could ask the broker or ask the seller to give you if they you know potentially some seller financing or a carry back no I mean I'm not gonna ask them I'm not gonna ask the broker I'm gonna say hey I'm ready to go I'm ready to roll I want to buy this deal I can buy this deal yeah okay like you got to sell it you got to sell the deal that's what I'm saying chase the deal don't chase the amount of money yeah you got to act like a broker you got to act like a real estate investor you got to act like you know what you're doing now this probably brings everybody to this dude I want the return but I don't want to do the work I mean that's not that that's the bottom line what 15 people bought into my deal they're like I don't have the time I don't have the knowledge I don't know what I'm doing I call it a buddy of mine up and look at this you want to do this is this what you want to do okay that costs money and by the way the gentleman from south killing he doesn't count any this he doesn't count that that's time dude that's time and energy and effort Justin from Canada we talked to Dustin I got to go into this deal I can't I can't even get what I need Dustin how you doing okay hey good man and by the way how many deals did we look at Brian to buy one deal 100 we look at 100 years to buy one maybe two maybe three deals maybe we have a 3% strike right go ahead brother what's up hey man ah well great to be on here before I ask you a question I just wanted to let up everyone knows listening to this like amount of value that God is providing for free is insane I come from like a real estate investment you know whatever guru guy I paid 15 grand and I've learned born a bunch that I did with two years of that guy with you know more a month with you so thank you not to your sergeants is Cle and I really really appreciate you taking the time to say that thank you so much yeah so um I'm French and I live in Calgary how I invest in Chicago I've been flipping houses down there I just wanna what do you think there's Chicago market as far as multifamily deals with apartments I love it dude I love Chicago one of my favorite markets okay cool so I honest has and flipping houses I never even thought of apartments yeah and it best is how it is right like you hear a guy like you and you just make it so possible all my damn but I was gonna do two units I want to do this right yeah yeah so I know like for as far as financing like yet but for me I was 40% down before national yeah how much you got to put down 40% 40% yeah because your foreign national yeah have you heard of any banks that will like do 25 like will just lend on the asset at 25 percent well well so how much money you have let's talk about how much money you have both quarterly Ryan okay $250,000 so again you want to chase the deal you want to chase the amount of money you have see I want to look at bigger deals if I want to look at bigger deals sooner or later everybody runs out of money everyone I don't care how rich somebody is generally you run out of money right cuz a million dollars in Chicago is not going to buy you very many yeah and what he's saying is a million dollars 250 times 4 is a million dollars at 25 percent down so so you see what he's saying is it's going to get you back into the trouble you're having right now dude which is single family how many how many single family homes have you done over there I've only done one okay all right so so I flipped one yes close in on it and then look at the flipped in you just so you everybody knows the flip thing is one little vertical of real estate right but you're not really that's not the real estate I'm talking about flipping a house is making money basically buying something and selling it right you're self-employed yeah yeah an investor that that's not that's not investing that's that's a score right you scored that's and that's fine right but no difference than you going to buy a shovel at Costco and you got a good deal on the shovel and you went and sold it on Amazon and made $2.00 that gots a score it's a hit it's a say you're back to selling stuff you're back to being a real estate broker right pick the right house she fixed it did the right things you flipped it all good while it goes good and then one day you get caught what I'm doing here what I'm doing here Dustin is creating cash flow so you're 250 okay if you need 40% down in Chicago Chicago okay know one thing you could do do it is you could buy a 1 million dollar deal still too small frankly I think yeah you put 250 down and you get the tit you get the owner to carry the other buck 50 there's your 400 you could even pay him a premium dude to do that let me just tell you I might pay a guy a million 150 mm-hmm and say advance me the 150 I put 250 down so these numbers change right here because I'm going to tell you something if this deal is so close that a hundred and fifty thousand changes the deal it's not a deal yeah okay so we're doing a deal recently you know and I was trying to get this 250 back and some legal fees back and I'm like guys even if we don't get it back is it a deal because if we're this close on a deal it don't matter man but what about the legal what about this what about that dude if you're that close okay if you're trying to make sense of the lationship it don't make sense you understand but he's so tall and handsome look look he if you're down to looks it don't make sense if that's what you're the whole relation it's so pretty I like it so much dude look man it needs to make sense now Thank You Dustin I hope that helps bro and by the way Dustin do you or the perfect guy okay perfect guy that could like you could invest in one of my deals you could own a percentage of 188 units in Florida and not have to trouble with it yeah we see some people want to action they wanna they want to do the yo-yo oh yeah yeah so I don't know if that helps Dustin but maybe check with Ryan if you got any questions so watch I found that deal in Highland that Highland Park deal okay now now I figured out how to back into the information without them giving me the information okay so what I did was I put in the address for one one musgrove street Clinton South Carolina the guy that's listening the deal didn't want to give me the data how many units here 64 units and how much how much do they run for 725 so multiply is 64 times 725 just keep it open that 64 times thank you 725 how much times 12 yep times 48 percent good good divided by 0.7 to 5 I'm telling you how I calculate what this deals how much so this deal if they did it right it's three hundred sixty-eight thousand dollars okay sixty four units is that right 725 do it do it again just so we go through the numbers watch I'm going to show you how to estimate what it deals worth okay yeah let me see 60/40 the cap rate 725 it just so happens the cap rate is the same as the rent per unit 725 is called the cap rate camp rate is the return the numbers just happen to be identical it means nothing it's just total freak okay notice cap rate again grant cap rate is if you pay cash it would earn you seven point two five percent okay the cap rate the return on capital rate the rate of return on the capital seven point two five if you pay cash now the loop net let listing and the real estate capstone listing didn't disclose the price because they want you to call them I call them and then they didn't answer stupid and I told you they wouldn't by the way because they all had their phone number the office phone number listed rather than their cell phone because they're lazy bastards okay I'm being nice about that by the way they live in this freaking country America supposed to be a bunch of entrepreneurs and I can't even talk to people I want to talk to you in fact I couldn't talk to a person I talked to a robot so 64 72 725 forty six thousand four hundred times ninety four percent I didn't do that the first time point nine four that's the vacancy forty three thousand six times 12 that's the monthly times twelve is five hundred and twenty three thousand dollars how much five hundred and twenty three thousand five hundred twenty three thousand dollars and then I want you to multiply I said forty eight but I want you multiply times fifty two first point fifty two point five two point five to two hundred seventy two thousand two hundred seventy two thousand dollars I did it wrong the first time I used two forty eight I should have used point five two point five two represents how much money is going to hit the bottom line after expenses I'm probably fat it's probably better than this it's probably going to be better than this divide that to 72 by 7.07 twenty five point oh seven to five oh three point seven mil million zero yeah yeah that that's a three point seven million see this deal is three million seven hundred thousand dollars three million seven hundred thousand dollars divide that number by sixty four units fifty eight thousand six hundred dude is still a deal is that right yeah $58,000 units I'm gonna tell you something man if I was in South Carolina I'd be looking at that deal right now okay now now I'm gonna bring you through the math on this deal how much money do you need to buy this deal by the way the guys at capstone didn't give me the price I figured out the price they want three point seven million dollars I don't even need to call them to find that out by the way I could have looked at some other records y'all say I did this questions about it yeah everybody's like what dude what is that you just did bro huh yeah so I wit I basically took the address and I said hey I know they got a website for apartments how much is the rent bro they're asking 725 725 they got 64 units ninety four percent occupied they're never going to be fooled nobody's ever full we got stuff at 98 it's almost impossible to be full all the time that does 5:23 year I got some expenses 48% of that's going to go to expenses maybe less than that okay I end up know that that's how much net Noi end up with Noi Noi net operating income net operating income after expenses 523 was the gross collected I had to pay people to do stuff end up with about 272 at three seven at thirty-seven if I pay three seven okay if I pay three seven okay remember find the deal did I find a deal I just found a deal this three seven I'm going to need 1 million dollars to buy that deal okay I'm gonna finance $2,700,000 it'll be easier to get a loan on this deal then it would be good alone on a $250,000 house listen what I just said it'd be easier to get a loan on 2.7 million dollars that produces income then it would be for you to get a loan on a $250,000 house Wow because the house don't produce income this produces income this is a beautiful freakin property man it's raining people it's a business you're buying a business okay questions where do you get that million dollars from the gentleman that caught the question is where do you get that million dollars that million dollar down payment from the guy from Canada he's got 250 he's got to raise the other 750 man yeah good good now now now when you raise the 750 okay watch what happens here we got a loan on 2.7 the loan 12.7 point 0.05 8 the debt the debt on this deal 156 though okay so 272 that's the noi that's $156,000 is that right mm-hmm okay is 115 thousand dollars a year put a million dollars down it owns 11.5% so look if you need the money that bad just tell people I'll pay you the full amount okay I'll pay you the whole 11 and a half percent what do you get at the bank a half what do you get on your dividend with eighty three percent four percent yeah what are you getting your Microsoft stuff nothing you didn't get a dividend you crossed your fingers and hope it goes up okay I'll pay you eleven I'll pay you the whole thing I'll put 250 in I'll raise the other 750 if you need the money that bad I'll give you the full 11 a half percent my job is going to be to raise the value of that property so when we sell it we make some money and then we do some kind of split right and you can offer them whatever up from whatever you want dude I'll flip it I mean I'm gonna get creative right I mean there's nothing set in stone yeah all for all I mean I mean there's payback in a year yeah you know I mean there's your standard whatever you want to doing this thing's gonna earn you it's gonna earn a hundred thousand dollars you could say hey give me give me give me give me $750,000 I'll pay you a hundred grand a year on your money pay you at the end of the year I'll sign a note whatever right maybe maybe you don't make them part of your deal maybe they just lend your money so you got to decide man look you got to decide number one do you even want to play this game okay that's why every show I say look you need to know what you're doing okay what I'm talking about here every money to you is and the gentleman said it man I'd give so much value look I'm trying to tell you what to do with your money if you don't have a place if you don't have a place to put money you quit making money money will not just if you just keep throwing the bank throwing the bank's early you're going to quit making money because you're like man why am I doing this I got enough money in the bank now and you're gonna quit playing the game but if you would take that money that you have and you say you know what I'm gonna either do my own deals I'm a cinema grant do grants gonna do deals cuz grant seems to like it looks like he knows what he's doing okay I'm gonna send that money when you get that money out of the bank let me tell you what you're going to do if you've been saving money like that you can be like that freakin banks empty dude I'm broke I'm gonna start freaking feeding that Bank again and it's going to give you another reason to propel and push and motivate and my buddy Gerald gerald Gerald he's a car dealer and any and I called the desk said dude you want to throw 200 grand in one of my deals what you think it's a good deal dude I got five Millett 4.6 million dollars in the deal I'm signing on it fifth I'll do it man I don't have time to I don't have time to learn all this stuff you're doing here's 200 grand what's it going to pay me it's going to pay you six percent of your preferred and then we're going to do a six fifty fifty but I actually gave him a 65 35 split so he's gonna on his two hundred grand he's going to make 12 grand a year on two hundred thousand dollars he's going to make twelve thousand on two hundred six percent that's how many times the bank that's 12 times what the bank pays him right and I think I'm gonna pay him another at a nine percent I think I'm gonna pay him another six percent so he's really going to make six six twelve twelve percent he's going to make $24,000 a year sixty times with the bank's pain and no headaches so either you got to go raise the money okay so there's two ways to do it you either go out and tell your mom your dad your uncle your aunt man but you got to know what you're doing you need to know every property in your region every property in your area you need to walk through and deal the way I did but what are you Bobby would if would have just happens what if dude I did ninety four percent the things occupied at ninety eight right now it said ninety four it's a seven twenty five month rent you can't even buy a house around here for seven twenty five a month okay it's been rented if this is what it's done for the trailing 12 months in the worst year in the history of mankind this is what it did you need to know everything so that you can with a good conscience go to your friends your family your neighbors your buddies and say this is a great deal and I want you in it Andre from Vegas Andre what's up did we hit our nose days hello yes sir what's up Andre you got a deal you got a deal man you got a deal tell me about your deal dude yeah I got plenty of deals I think about it is uh I've never done but multi-family homes but I've been flipping out here from Las Vegas see and he's sorry I'm on a break for a quick I was just uh at the gym but uh man I wish I would have listened to you like when I was up back in high school yeah thank you mean I thought you'd have to have a real estate license to be able completely yeah dude guys I don't have a real estate license I've bought and sold over seven hundred million dollars whether real estate without a license I don't know why anybody would even take the time to go get a license yeah so that's what I'm saying I wish I would have listened to you a long time ago because I went I went to school on that license I'm not even using it and I'm just flipping homes out here you know yeah yeah yeah what's your question document man I want to get it to the multi-family home you know so basically I'm just using this as a way to get enough money and you know just jump into that truck that trees but yeah it's not about a 400 stays up and then I want to go in there with you well good call because any of you by the way any of you that are interested in maybe playing a little safer and putting some money in with with you got to be accredited okay you can email Ryan at Cardone acquisitions comm Ryan at Cardone acquisitions comm our payout on our last deal 6% and then I go a 65 35 I get 35 you get 65 of everything above the 6% so the better I can make it do for you look my money's invested too so I wanted to do good you were basically we're all getting in a vehicle saying we want to go the same place we want to go do something great and and the difference is you get to stay at your job I'm signing on the loan I'm getting the best cheapest money you can get I talked about six percent money earlier 5.8 I'm getting this money for 3.9 I'm getting interest only for 5 years you could never get it in fact thank you in fact one of our deals of another guy came in and wanted to buy it yeah and I called the lender Fannie Mae and said hey could this guy this behind the deal get the same loan he's like grant nobody can get the city said no way no way I said man they're worth a lot of money's like grant I said the guy buys hotels all over the world grant they're not getting a loan you're a preferred bar with Fannie Mae you get terms that nobody else gets Mike from Oregon Mike how you doing hey I'm doing awesome uncle G who doesn't touch me how you doing come on man uncle G you didn't touch me that's good uh-uh it's got me all excited about through and over the IRS definitely thick listen to that people yeah yet this is Michael at pay on on Twitter and I completely blind right now I'm coaching blind to business owners how to bring their business online and I'm real interest in real estate because obviously it provides a way to come up with mostly passive income yeah I question for you is if you were if you had no sides you could've seized the property then really see it what are three things you would ask people to tell you about the property before you decided to invest it first thing I would do is I'd bring a woman I'd have a woman tell me how it felt when she drove the property how did it feel okay how did it feel when you were there like I first thing I go on this is a great question by the way because I think most people are blind they just they just actually can see and don't choose to so number one I would say feel the thing okay the deal we just sold in Charlotte I drove on the property bro I could have been blind I mean I don't know maybe not but I could feel something there okay these guys send me deals we look at most of my deals on paper I look at a piece of paper I look on line I feel something okay I feel something immediately now that's probably because I've looked at so many deals Mike yeah you know like when you walk in a room Mike even though you can't visually see the room can you feel something there you can feel it you can snow it you know what it's like in that room yeah exactly good so so like a dog you know not on me like a dog made this a bad example but they feel they feel sensations right so first thing I would do is that second thing I would look at that you got to have somebody go over the numbers fortunately most these deals are not in Braille so somebody's got to go over these numbers and say do what did the trailing 12 months do first how does it feel subjective second thing is objective what were the trailing 12 numbers number three is hey worst year ever I want to see the worst year ever on that property go back to 2009 2010 2011 what did it do worst case scenario is what I call it these guys underwrite every one of my deals to break-even so I'm like if I can't if something happens do we go nuclear what number do I go to where I break even and I can still make those payments on the property yeah and thanks for that loop net because that lets me go look I use a computer so I go in obviously I use the screen reader on there and it reads to me about the properties it's not tell me the picture but that's definitely an awesome resource I didn't know about loop net so thanks for that yeah dude like you got it bro hey look if I can ever be another set of eyes for you let me know man I'd love to help you to help you one of your deals we'll do it we'll do it first deal I'll shoot you over an email like you know what I do it you got it brother thank you okay by the way you can email Ryan at Cardone acquisitions comm Ryan or cart on acquisitions comm we just closed the deal last week 188 units we're gonna close another deal win three weeks three weeks you lose it another deal 282 units $36,000 is taken twenty nine thousand twenty nine million dollars what 36 million six million twenty nine million dollars whether debt 80 percent loan to value the money free crazy three point nine percent interest only for five years this deal is going to do what do we say that in the pipeline that deals going to do cash on cash is 14 percent 14 percent okay so this is the way we're going to pay the deal out okay I'm inviting investors into this new deal okay if it achieves what we think it will at 14% the first six percent goes to the investors I'll be one of the investors at least eight percent okay and that gets split 6535 that's before we make a profit on the property by the way on both these property I've I've already been offered more than I paid for both of them what is that number they're going to get sixty five of the eight so that's going to be twelve right no that's going to be no it's 65 percent of 85.2 thirteen point two five point two plus the six is it thirteen point two I don't know it's it's a low point two eleven point two yeah yeah yeah see that's why I do everything with that marker okay eleven point two percent is what the person the investor is going to get per year on that deal that's before I raise the rents by the way okay and when we did arch when we did art and I say this every week when we did our analysis we never ever consider a rent increase and we think there's 85 to 90 dollars a month and rent increases at that property because I own other stuff right there in the neighborhood all right every Monday folks Monday Grant Cardone comes with captain Ryan Ron's helping with the calculator sometimes he's a little slow on it so slowly slow he's helping me helping me okay I know I know I cover a lot in this show you might have to go back okay maybe you're watching on YouTube you're listening to a podcast or we download the show to podcast yet okay wherever you watch the show please do me a favor subscribe to the show post your comments post your comments man I want to know what your questions are so I know what to cover in the next show Oh beautiful thank you on Facebook all the shares but most importantly if you have a question for Ryan email Ryan at Cardone acquisitions if you want to look at your first deal like my friend from Oregon if you want it you want me to look at your first deal send it to Ron I'll take a look at it if you are if you are on YouTube or snapchat or where else could they be helped me out Robert Facebook comment man come here iTunes also subscribe to Grant Cardone TV or subscribe to the YouTube channel or subscribe wherever you watch it you guys on Facebook hit the like like button so you get a notification that this shows come in every Monday how about real estate every Tuesday network marketing and our power player every Wednesday G&E show every Thursday young hustlers every Friday Cardone zone every day i streamed somewhere i'm snapchat and I'm freaky at and I'm doing what I gotta do man to reach the people I gotta reach by the way on the book the obsess to be average okay you're never going to see me do a real estate show where you don't see this freaking dude you're gonna have to be all in or you're not I mean I said over and over today you're not you're gonna quit on this idea your mommy's going to tell you to quit your uncle your cousin all the guys that quit yeah I was going to do that when I was a kid too but it was too much trouble dude everybody's going to tell you that you know why cuz they're the second part of this average they quit they gave up okay I never forget my uncle said man buying apartment buildings got to be a lot of work I said wouldn't you quit on it yep he's like when we buy section eight homes okay really how many you got forty I'm like dude I wouldn't even touch a deal with forty units in it yeah okay Michael Michael tell me the same thing he said he I was looking at that four units he says be careful yeah be careful yeah they're not gonna pay your rent see see but and what did he own single family he was the one who's careful yeah he was saying to Ryan what he had made sense of okay so I'm telling you if you want to get rid of careful if you want to get rid of the risk man go much bigger don't go much smaller go much bigger in your units but stay in the middle on your rent like that deal I showed you in South Carolina the rents 725 man okay if we have another freaking 2009 meltdown do you think the rents gonna go to 695 maybe 695 675 I mean were they going ain't going much lower than they are if it's a decent location those rents that I looked at on that other deal 450 a month I wouldn't even rent that place I'll tell you right now if 450 a month man I don't want to rent to those people cuz I know who those people are okay I know who they is they crazy people in not a good way you don't need all that okay look if you want to be in one of my deals and you're accredited I cannot take non-accredited investors the SEC will not allow me to do that yet why not why won't they anyway I don't know well dude if you don't know who knows nobody knows so what the what what they did was they actually open up crowdfunding yeah and for non-accredited but you can only raise a million dollars a million dollars doesn't break yeah yeah so here's the deal I couldn't let non-accredited anybody anybody could say here's 20 grand but they gonna limit me to a million dollars I won't even touch those Till's today right why because they're not big enough for me to put my attention on it so when you're looking at every caller today man I got four homes I got in seven homes man I got one home what were they all saying to you dude it's not worth it yeah I should have known I wish that at noon I would have done multifamily you want to scale out you want to go wide over and over every book I talk about man no matter what you're doing online sales training coaching books whatever do you want to go Wow okay hey my name is Grant Cardone you can follow me at Grant Cardone anywhere this is captain Ryan dude I'd love to have you guys if you're an accredited investor you're on 200 grand a year for two years in a row yeah or you have a million dollars in that net worth and if you got good luck you got to be lucky I don't want any negativity man if you got bad luck man goes bad junk huh call me with the crap dude dude you got bad luck if you call me a man but did I only want you in my deals I don't how much money you got I don't want your voodoo you got it okay hey thanks for watching I'll see you guys tomorrow see you tonight who knows when I'll see you next but I will by the way this when you buy this book grant cardone com what are we giving people when they buy this Robert that's mine mastermind mastermind that's 13x them until October the 13th right now you could get ten and a half hours of video dude I'm W I'm giving you this book in full video okay the guy too can't see if you're blind you'll just get the audio version of it okay okay you get it in video you get it an audio and you get it when proper fit right now you get it now you get it this second okay oh but what you guys in the UK in Iraq in Ireland you don't want the book you don't want me to send it over there cuz it's gonna cost you 90 pounds to ship it put the shipping address in my place I'll keep it here charge you nothing for the shipping and I'll either give it away or I'll keep it here when you come rolling through Miami and we'll sign it for you alright okay hey aunt got a question not what do you do email Ryan at Cardone acquisitions comm or you can call me at 4 802 2 5 8 2 2 7 that's your phone number it's my cell is that your direct number do not like that real estate agent at capstone don't do that it does so unattractive now okay god bless me great buy you some real estate
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Channel: Grant Cardone
Views: 855,217
Rating: 4.8010349 out of 5
Keywords: grant cardone, real estate investing, no money down, property, how to invest in real estate, real estate funding, bank borrow, how to get a loan, how to finance real estate, how to put money down, be obsessed or be average, the 10x rule, apartments, multi family investing, real estate and grant cardone, investment advice, real estate, how to make money, first deal, first time buyer, deal
Id: 00ejR3CwxCk
Channel Id: undefined
Length: 75min 18sec (4518 seconds)
Published: Mon Oct 03 2016
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