How to Get Started in Real Estate with NO Money 💰💰💰 - Grant Cardone

hey grant cardone here hope you're doing well and i want to share in this video with you some ways that you can get started in real estate with no out of pocket money i'm in a casino today i'm in mirage the mirage hotel and casino in las vegas and look this casino was built uh that mandalay bay behind me was built on the backs of little tiny bets i want you to remember that okay little tiny bets built that real estate behind me you call a casino that's not a casino that's a piece of real estate with cash flow on top of it and the cash flow is funded by five dollar bets 10 beds 15 quarter jackpots you understand now what sits underneath the casino is a piece of real estate they're gonna they're gonna tear that building down to the ground in the future they're gonna put a new higher bigger building newer building they're gonna depreciate and write off everything in the old building that they knock down this is the craziest game in town and you're not taking advantage of it and they're going to build another building with with debt the thing you need to know about so that you can start buying real estate with no money okay so in this video i'm going to show you how to do real estate with no money i'm going to give you five tips on how to play this game with no dough if you hadn't subscribed to that channel man hit that damn bell because i'm trying to help you and your family this is free okay i'm also going to do a free extended training i can't do it here on youtube or instagram or wherever you're seeing it tick tock this is going to be a an extended three hour training for those of you who are serious real serious about getting your real estate game on i got a 4 billion dollars worth of real estate today it's a mind boggling when i even say that number i'm like is that even real pitch yourself man is it real and it is okay i started with no money what was that 29 years old bought my first deal it was a mistake i still made money on it it's the thing about real estate man you could be a little off and still make money on stuff i bought two deals in a row with no money third deal i bought with no money how can i buy three deals with no money okay the first deal was uh 78 000 that's in your neighborhood today i don't care who you are where you live i guarantee you i can find a deal equivalent to the 78 000 deal i bought 30 years ago some of your markets in fact that market that i'm talking about i probably can't buy that neighborhood but i could buy another neighborhood for that much money look money's money okay so if you got to pay 200 grand for the deal and you make the same amount of return i got i had a double on my first deal because i put no money down okay listen to me i put 3750 just to be completely honest there's five things i'm going to show you okay the first thing is to look for those no money down deals or almost no money down deals they're all over the place duplexes fourplexes single-family homes vet loans there's uh there's probably uh a good 11 to 12 different ways to buy a deal with no money down okay now that being said those are easy and that's not what i'm here to explain to you in fact in this training i'm gonna leave all those deals aside because most of that's just garbage real estate let that seek you let that breed while we build together see the most important thing in a real estate deal and this is how you can get deals done with very little or no money down is the deal itself it is the real estate itself that will determine not the lender you the borrower not your credit score it is the deal itself that will determine how much money you can actually get from a bank that's a whole another topic that i'm going to be sharing in these this three hours like what bank what lender savings alone credit union community bank local bank fannie mae freddie mac is it a is it a hud loan like you guys got to know all these is it mes debt is it hard money but you got to know all this stuff i'm going to share all this with you in this training but the most important thing is when you get the right deal you will have money from every source wanting to fund that deal i'm going to show you in this training how to find that right deal number two money uh family and friends okay now when you go approach a family and friend you guys should not approach family and friends on some 75 25 50 50. you should just approach them for a damn loan right now they got money guys got 10 000 sitting in the bank your dad's got 10 grand sitting in the bank i can buy a house for 10 grand today you go to your dad he's paying he's earning point zero zero one two percent and he's like i don't know if i i don't know if i trust you to pay me back do you trust wells fargo wells fargo's been ripping your dad off for freaking 30 years wells fargo was fined by the us government for scamming people okay dad lend me 10 grand i'm going to pay you i'm not going to pay you 0.0012 i'm going to pay you dad 12 in one year and it would take you dad 12 years i'm sorry 10 years to earn 1 from wells fargo i'll pay you 12 in one year your dad's probably going to say you don't need to pay me 12 just pay me five okay so family and friends i'm gonna be showing you how to set those deals up with family and friends and not give them a piece of the real estate deal okay cheapest money in the world is family and friends three you should join a real estate investing club okay if you guys want to want to start really figuring out how to buy deals with no money down i have a club that 150 people meet every wednesday on a call and three times a year if it's not my club get in a club these are where real estate real real people uh not hacks and jacks and you know come alongs and uh readers and learners these are people that are really serious about investing in real estate and know that real estate is that asset class that will be around that will benefit from hyperinflation that will continue to appreciate that we'll have passive income like quit waiting man get in the club get around other people they say your network is your net worth yeah get around people that are buying deals get around people that are funding deals get around people that are investing in deals get in an investing club there's probably one in your local market if you want to join mine uh reach out to my office number four syndicators in your local market you don't need money to do deals you don't even need to find your own deals i guarantee you you could either jump on somebody's syndication okay i'll give you entire list of guys that are doing syndications that i like around the country from houston to harris town pennsylvania it's all over los angeles to uh detroit i know people all over the country that are buying real estate and some of these some of these places they're making fortunes okay buying real estate right now syndicators in your market that are doing deals will also be and know and have access to money to lend to you on a deal i know guys that are getting deals done right now 100 financing uh they get the senior debt they get a secondary debt a bridge bridge debt and then they get another little tiny piece for maybe friends and family okay now i tell you i give you five i'll give you five okay the fifth way to do a deal with no money down is to know a guy like me i'm looking for real estate if you find a piece of real estate 200 units or bigger in a market that's growing positive migration okay i know you i trust you i know you can manage that deal i'm happy to fund the deal there's plenty of guys like me guys and gals families family funds wealthy people wealthy families that have tremendous money that you can go to if you know them and they trust you and you have a great deal they will fund it for you that's one of the things we'll be talking about at this three hour training how to find those people who are they where are they how do you contact them what do you say to them how do you set up a deal with them uh they're all over the place so um you don't need money to buy a deal trust me you don't okay you don't need money you need a deal to buy a deal okay you need belief in a deal you need to make contact with people you need to talk to them but you got to be committed to finding some good real estate because good real estate will always find money listen to good real estate will always find the money okay join the training take advantage of it's completely free there's no uh strings attached you don't have to buy anything just come give me three hours of your time get a nanny for the kids get away from your spouse if she's negative or he's negative and just come spend three hours with me i'll show you how i did it started with no money first deal 3 700 bucks second deal absolutely no cash at all in closing those two properties were worth 300 000 okay i sold them doubled my money that i had in it plus cash flow i lived in one of the houses the other one i rented the third deal i did with no money i made five million dollars third deal was a freaking way okay i'll show you how to do that in the training click the link hope you enjoyed this give me a comment hey go out and find that deal remember money always finds the right [Music] you

Channel: Grant Cardone

Views: 491,866

Keywords: grantcardone, grant cardone, 10x, money, finance, business, sales, motivation, yt:cc=on, WeAre10X, 10XNation, 10XStrong, 10XLife, 10XEverything, wealth, passive income, no money down, real estate, 50/50 split, revenue sharing, profits, loans, family loan, money from friends, Las Vegas, bet

Id: 8CPn1x0nPP8

Length: 9min 39sec (579 seconds)

Published: Thu Nov 18 2021