The Delta Variant in Real Estate: Real Estate Investing with Grant Cardone LIVE

[Music] [Music] right [Music] yes [Music] and and it is the day where we talk real estate here in the cardone zone grant cardone here hope you're doing well today i'm going to be talking about the delta variant effect on real estate it's not what you think it is okay it's actually the delta variance that i look for to ensure that every time i buy a property i'm going to make money all right period in the story i've been doing this 35 years folks i know this might sound like a bit of a like uh a two too much hype and too much promotion but i i get so excited about talking about real estate because for 35 years i bought real estate using this delta variant that's so popular today that nobody knows about in real estate or very few people do i mean the pros know about it but it's basically looking at the variance between the rent versus the cost of home ownership okay like we're doing a deal right now i'm doing a deal right now in houston texas okay i don't know johnny if you can show that deal and welcome to all the real estate investors by the way we do this every monday if you like what you're hearing here please comment below if you have not hit that little notification button so that you can get notified of when i do a show sometimes we do two of these a week when we look for real estate when we talk about real estate i'm looking for irreplaceable locations number one i'm looking for an institutional quality asset meaning not that it's a perfect asset but that an institution would possibly be interested in in the future i'm looking at the sub market the job market i'm looking for rent growth in that market jobs the jobs pay enough for for me to be able to support the rental environment and then i look at this thing called the delta variant okay and the delta variant basically is not the thing that's being pushed on you right now to terrify you into getting the v look v i walked into a place the other day are you vaccinated i'm like right there right there you want it vaccinated look at my cod okay in real estate we're going to look for this thing between the rent and home ownership okay there's your v right there so let's say for instance this deal that johnny just showed you we're buying this deal i'll close on it this month and this is a massive massive beautiful phenomenal piece of real estate i've been trying to buy in this market now for probably 20 years it's in the heights in houston texas if you know houston texas the land of beyonce if you know uh that the big h town there's a little place in houston called the heights which has been for at least 35 years maybe longer than that an extremely desirable uh very very tight market very very difficult place to live where home prices have always been very good and people want to live there okay this is one of the top in one of the top rental markets in america and this asset class that i'm buying right now the rents are eighteen hundred dollars and when i buy something i'm looking for number one is the location of the property two how do i exit and three i'm looking for rent opportunities rental opportunities can i push the rents the rents on this property right now are eighteen hundred okay now most of you would go out and look at what other people are renting their properties for that's not the first thing i look for particularly in this property because i know this market i look at the cost of home ownership okay in this market the cost of home ownership the average home within one mile of this property and i'm probably not going to go further than that houston texas okay i'm not going to go out five miles because five miles from this property you're outside of this market and you're no longer interested the hippies that live here are interested in this neighborhood specifically and i'm not talking about just the big the heights i'm talking about within blocks of where these two properties are the average home is 850 000 okay the rent's 1800. across the street i have another rental property that's in lease up and they have a similar rent that i have and both are trying to get us what's called stabilized or to 95 occupied in a stabilized renter base in the beginning you're not going to get stable until you get stable right so what you do is people look at well what's the neighbor across the street renting for what's the guy down the street what's the occupancy what's the vacancy there what's the cost oh my god the thing doesn't cash flow but they're not looking to the future and the future is going to be in this real estate deal remember when you buy a piece of real estate when you're buying a piece of real estate whether it's 2 million 20 million dollars or 200 million that's what i'm closer to on this deal when you're buying a piece of real estate that is that much money you're not going to keep this for a month or two we're not flipping here we want to own real estate for long periods of time and get rental inflation i want rents to move up so the delta variant is this okay the average cost of a home in this market is 850 000 so let's say it takes me a hundred and seventy thousand dollars is a down payment that's my down payment and then i'm a finance uh 680 000 680 000 at a 3 interest rate uh amortized over 30 years times .0525 with property taxes and with um property taxes and what else would i have insurance uh insurance in houston is expensive okay they've had some storms go through there seven million people live in the town and every time a big storm comes through more people move to houston it's crazy that's what happens there seven million people okay if we get three percent three percent drop growth in houston in any given year three percent job growth that's 230 000 jobs in one year okay do you know there's more renters in the city of houston texas than live in miami there's more renters in houston texas than there is a population in miami florida where i'm at today the payment on this house would be 36 000 a year divided by 12. before insurance the payments are going to be 3 000 a month if you have 170 000 as a down payment so when i buy this deal i'm like hey the rents are 1800 bucks in the first year at 1800 i'm gonna earn four percent of my money but i know and the reason i'm buying this tren this deal is because the location's crazy and maybe we can open up some calls today johnny you got the phones open yeah yeah uh yeah we'll get you a phone number for the calls 305 305. say again 305-865-8666 305-865-8668 305-865-8668 if you got a deal or you got a question let me know i'm gonna get a four percent cash on cash return you're like man that's not much watch this i think the rents on this property in two years will be twenty two hundred dollars times six hundred and forty six times watch this okay now remember my four percent return i'm going in right now with a four percent cash on cash return if i get my 400 rent growth i'll be at 2200 and the house next door is 3 000 with 170 dollar down payment and that's today that's not two years from now two years from now it's gonna be more expensive okay this will be a million dollar house in the next two to five years okay so watch so if if i can i get another 400 bucks and bring the rents to 2200 and keep this place full if i can do that that is 258 000 a month times 12. now watch this thing scream now 258 times 12 okay that's three million one hundred thousand dollars it's three million and ninety six thousand dollars but i'm just going to keep keep the math simple okay so that's 3.1 million dollars of new gross income if the property is full and it won't be so we're going to take 90 percent of that and assume i catch 90 of that money 0.90 and that is 2.8 dollars oh man now now you're like oh my god that's some cool math you just did man yeah but you got to remember i already earned 4 of my cash flow if i kept the entire 2.8 million dollars let's assume let's assume just for a second not that this would be correct but let's assume for a moment that because of the property's operations okay 646 times 1800 times 12. i'm producing on this property 14 million dollars worth of income a year 14 million dollars worth of rent income a year 7 million goes to expenses okay i got seven million dollars for an noi okay but let's assume because i have my expenses already handled out of the first 14 million that the next three million let's assume i kept it all my expenses didn't go up not that that's true and not that that would happen because expenses will go up but let's just assume for a second it did happen i got 2.8 million dollars with a 400 rent bump just 400 it's not a big rent buck 1800 to 2200 and the house across the street's gonna cost you three thousand and thirty five hundred dollars that's the average home across the street the average home there's homes there that are a million eight okay so let's see 2.8 divided by .04 percent the same four percent cash flow divided by .04 and i just created ladies and gentlemen if you divide this number by .04 you will see what's called the new value created by the delta variant okay uh that would be 70 million dollars in new income 70 million now we're going to put 60 million dollars down in this deal and i just increased the value of it value new value by 70 million that's 120 return on my money and i might be able to do this in two years if you want to invest with me by the way grant cardone is my name the text number for to invest with me this is only open to accredited investors it's accredited investors none of this by the way may happen these are complete assumptions that we're making here i have never lost money in real estate in my career 35 years because i'm extremely disciplined and i have a perfect picker but none of that assumes that i will continue to make money into the future even though i think this is the best real estate market i've been in in my entire 35 year career because of inflation we are going to inflate you can't destroy paper and think that real assets don't become more valuable they will become more valuable junk bonds are paying four percent today junk bonds when i was growing up were paying 30 now they're paying for because there's no place for all this money to go the number to if you're an accredited investor and you want some of this deal 305 407-0276 you have to be accredited don't waste your time if you're not accredited 305-407-0276-305-407 you text don't be surprised if i don't call you back uh and say hey man uh are you accredited yes how much dough do you have how liquid are you right now this deal was going to close we're going to put 60 million a little over 60 million dollars down to buy the deal i already have my debt in place we're 83 funded on this transaction in the next three weeks it'll close and i truly believe look if i'm wrong we're gonna make 60 of my money that's in two years that's not 10 years what happens 10 years from now check it out okay and then i'm gonna go to my callers watch watch if the rents in 2021 are 1800 and i think they're below the market by 400 bucks i truly believe that i'll be at 2200 within the next 18 months i really really believe that i'm putting my money where my mouth is because i'm buying the deal with my money okay so watch i believe in 2031 what do you think that rent could be i know this the houses are going to be 3 million a 3 million house that's my delta variant a 3 million house in the same neighborhood it will be a double promise you will be a double in the heights 1.8 will be three million dollars three million dollars times .0525 is the payment will now be on that house divided by 12. the payment will now be uh 3 million uh we'll put six hundred thousand dollars down now now you gotta put six hundred big ones down uh so we'll finance two point four million times point zero five two five uh the payment on that house will now be divided by 12 10 000 a month is that right i don't think that's right 20 240 yeah probably will be 240 000 times .0525 that's the payment on the house oh no that's 12 600 a month if i'm doing that right i think i'm doing something wrong though yeah it's twelve thousand dollars a month okay my rents are gonna be three grand i'm telling you my rents are gonna be three grand if the rents on this property are three thousand dollars a month this thing's gonna make times 646 times .98 times point 52 divided by 0.04 this probably would be worth 226 million dollars in under 10 years let's make some money ladies and gentlemen real estate look i'm not here to talk to you about the crypto i'm not here to talk to you about cash because it's trash and i don't know anything about the stock market because i don't think they know anything about the stock market all i know is you're trading a piece of paper for a piece of paper cross your fingers in hopes that the piece of paper is going to be worth more money most of these companies don't even last seven years the average company today will not last seven years and this piece of real estate it's going to be here 70 years from now because housing water food and oxygen you gots to have them let's talk to our callers johnny grant cardone by the way hit the like button comment come on give me something in the comments don't be a little beat you can't be a little b and become a big b you know what i'm saying we got charles from upstate new york charles do you have a deal or do you have a question and i want to thank you for calling my friend hey uncles yeah i've got a deal bro let's tell me about the deal you want the address do you want something go ahead and give me the address 171 would have what was the last thing bulk wood t-r-o-y yep troy yes sir that's the city it's in it is it's right on radar i know we're trying i know where troy is what's what's what's the name what's uh what's what's the name of the property or the the street address those 171 what 171 oakwood oh okay i see it though i see you and and every monday we do this folks so you can call in and tell me about your deal i'll help you buy your deal so look i know we're troy troy michigan or troy new york troy new york oh okay troy new york i don't know troy new york okay so i'm looking at your deal right now i'm taking a peaky i kind of like what i see on the surface man looks like the first deal i bought okay we got 48. we got 48 units here folks 48 units how much do they want for this beast seven million i got i got a letter of a ton out on it right now seven million dollars so the first thing i'm gonna do do you like the location i love it man i actually went out and walked it okay well that's cool 146 000 a door uh now now if i look at the delta variant and apply the delta variant what are the rents on this property one bedrooms are eleven fifty i would buy this deal but it's ten percent below market value listen listen listen to me man listen you already told me enough buy this mf deal guys i'm going to tell you something this is 100 occupied 35 000 square feet 48 units so each each properties uh each each one's probably uh 700 square feet i like the small size of them actually um i don't know about the location you know about the location 32 ones 16 two twos i would buy this thing okay this is what you're gonna need to buy it you're gonna need cash you're gonna need about 1.5 million dollars have you been to our real estate class are you in my master's class i was just at the summit and i found this on the airplane on the way back did you join our uh did you join our uh uh uh the grant cardone real estate club i have not signed up for the summit no you should get in it you should get in it bro so we can raise the money how much cash do you have right now i'm probably only liquid i got money tied up in residential residential how much money do you have man i didn't ask for a whole story man next thing you got you gonna be telling me whether you got the vaccine or not i don't care how bad i got about 20 right now liquid you got 20 000 okay so you got 20 000 so we need 1.3 we need another 1 million 380 000 okay you should join our club and i'll bet you money monday what is it wednesday the next one's two wednesdays yes maybe i do it this wednesday man this is a deal right here folks this is the deal this is a screamer how do i know that because his rents he told me his rents are 1100 and 1500 and they're below market that's what he told me and i believe that i can see the property and immediately know hey there's a rent bump here okay if i can get these rents up uh this property selling for 148 000 the rent if the rents are 1400 bucks a month that's called the one percent rule the one percent rule says buy everything in the neighborhood you buy everything you can buy everything if the neighborhood's good you just buy the whole damn deal so if i can get anywhere close to that one percent rule even within 60 percent of the one percent rule i'm like gonna literally like probably if i know the market probably close my eyes and buy all he needs is 1.5 million dollars i'm gonna have how many 150 people on that call 1.5 million dollars and i can't promise you this will happen but 150 people uh every if everybody puts in 10 000 bucks boom we can buy the deal so i would join it because money's not your problem bro this is you got a deal now you need to find debt i can help you with the debt you should give me 10 of this deal just to get you a good loan on the thing you would add my name to the deal say grant cardone is my partner now you got your loan okay and your loan is going to look like this i'll just walk through the whole deal how much is 7 million 7 million 1.5 million dollars down you're going to finance 5.5 million dollars okay and i'm gonna get you money at three percent three percent interest only for the first three years so you turn the turn the payment one five uh 5.5 times 0.03 your payments are going to be 165 000 that's the first thing i'm gonna do is find the deal second thing i'm gonna do is find the debt okay i'm gonna get three percent money interest only for three years i'm going to raise the rents and then i'm gonna go refinance this property in 2024 or before okay the now on this deal i'm gonna say my rents are 12.50 across the board times 48 units times 12. it's full the place is full okay i'm probably going to build you're going to manage the deal for us are you going to be the manager uh we can manage it for four percent manage for four percent i can probably get that down to two percent according to the broker no you don't need to get it down to two percent bro why you want to grind everybody man i ain't gonna grind you you're gonna grind me why are we gonna grind them you don't need to grind anybody okay don't be a grinder folks okay be loose on the money man help let people make a little dough i think the noi on this deal year one is 267. 267. i'm sorry that's the free cash flow on 1.5 million dollars that means i get all my money back in seven years i'm like dude i'm i'm let's roll okay two sixteenths on the deal just give me a piece of the deal let's do it 267 hold on let me just let me just finish my math here 267 000 divided by 1.5 million uh i'm sorry 17.8 percent cash on cash if i did my math right now if i did it wrong please post the comments because i know you guys like to pick me apart okay so look bro first thing you should do is you should join the real estate club that's what you should do right now you should call annie at grant cardone.com or johnny yeah whatever we we need to get you part of the club bro i'm not going to do your deals if you're not part of the club so uh i i want to help the people that want help that are committed to help and and and we can tell a story about how we help people we're going to be doing another real estate summit in at the before the end of the year everybody that joins my club gets to come to that for free and that's five thousand dollar seat okay you come vip and we're gonna discuss your deals you're gonna raise money for your deals there but between now and then i want to make sure the people coming part of the club are in the room sitting in the front seats and we have deals to share with the audience uh the last time we did this we had 2 000 people in the room three-day real estate summit i don't know if that website's up is it yeah how about how i'll give you what i'll give you a number on the deal that you need and i'll pay for me and for two people of your choice to join the mastermind if you help me make money on this deal no dude get get in the get in the the real estate club and then it doesn't work like that it's not hey grant do this for me and i'll do that for you like you don't have to come to the to the club you don't have to join the club i'm giving you an opportunity to join a club that's going to be good for you and it's not just about me being an investor on the deal you don't want one investor you want a bun you want other people invested in your deal so those tickets by the way are 25 grand before you start saying i'm gonna buy three of them because right now right now i think you got a limitation on your cash keep your cash put put the 25 grand just take care of your damn self right now get yourself in the club let's pitch your deal let's get you known to the other 150 people in the club let's tell them about this deal somebody's gonna buy this deal bro for sure and somebody's gonna make 17 let me tell you what i think's gonna happen on this deal okay this this is what i would do with this deal first of all you got to get the deal okay you can't can't make money on a deal you don't know 48 units times 1500 bucks what are the houses in the neighborhood cost do you know uh all i know is that all i know is that the rents are ten percent below market value i'm not sure what the actual health yeah i know but you should know because because the thing you want to know is what is the option to go across the street and buy a house rather than rent a house okay these rents if i can get to 1500 and i don't know if i can the gross income of this property is is uh 864. if i take 864 because it's a smaller deal it will cost cost less to manage uh i should be able to keep 518 thousand dollars is n o and i uh 8645 what is that five eighteen five eighteen divided by point zero five this deal's worth at a five cap it's worth ten point three million dollars and we paid seven you would make 3.3 million dollars on the deal so you got to pull out your credit card call annie say here's 25 000 i want to get in grant's club uh and i'll help i'll help sell the deal to the rest of the club uh and then you gotta decide what you want to give me just to put my name on the deal okay all right charles thank you for calling dude thank you for bringing me a good deal by the way and if if if charles doesn't move on this folks you guys that are in new york that can manage this deal you all need to go find this deal and buy it very seldom do i ever give a a deal that big a check mark okay next caller johnny all right we got michael from atlanta put your notifications on folks in youtube put your notifications on so you don't you get reminded on mondays that i'm going live with this show what's his name again michael what's up michael from the 4-0 into four hey grant how you doing man come on man you got a dealer you got a question i have a question for you so i'm in a process i have a home here in atlanta georgia um i have home is valued at 364 thousand dollars have about two that hundred thousand dollars without poll on it so somewhere around 160 000 equity in the home um and i'm going through a refinance right now but i'm trying to debate because the lender they're not they're only one to give me about 50 to 60 000 on the home yeah and so i guess i'm just trying to weigh the opportunity cost whether out by cheap if i take the fifty thousand dollars okay so michael michael this is what i would do okay so you you you think the house is worth 360 for correct and you owe a hundred no i owe 200. okay so there's 164 thousand dollars in equity are you going back to the same bank so i'm going through another bank called the rocket mortgage yeah oh you're going through rocket how my friends at rocket they called me the other day man they want to be a sponsor on all my stuff so um yeah so look man never depend on one lender for anything got it okay i love rocket but they ain't your wife you are you married i'm not i'm single yeah so you you don't even depend on one girl for your satisfaction so why would you why would you get one quote from one lender you need to go to another lender what's your job how much money do you make um i make about 120. 120 grand a year so you're qualified to to finance this thing um now now let me just say that before i say what i'm going to say why do you want to keep this house so i so that's the so that's the thing right is i was saying to myself you know what if i could no the only reason i was going to keep the house is because of the home price that um just increased so much is i don't want to overpay for a home right now that's the only reason why don't don't buy a home what i would tell you to do is this and this is great advice for everybody listening right now if you have equity in your home right now and you may be michael in a situation where your home could bring 400 grand right now because of this whack market that we're in um this will not last this will not last these home prices will not last what you're seeing with home prices around america is this and this is what's going to happen they're going to go up here and then they're going to fall and they're going to soften it's going to be a long softening it's going to be a big sag out i think you're in a position right now to sell your home pick up a 20 000 premium let's say you got 380 you owe 200 you walk away with 180 there's no taxes on that event for you and um um that 180 000 would buy you a 540 000 the 180 that you take out will buy you 500 to 750 000 worth of income producing real estate okay this money right here will probably make you 18 000 a year 10 on your money which you're not earning right now and more importantly the 180 is going to go buy an asset worth 700 grand that in the future is going to be worth a million and a half or two million or three million dollars if put in the right location and while you wait for this to grow to be a a score a million dollar score while you wait rent where you live and own what you can rent okay hey can i actually one last question uh so so the lender also told me that there was no prepayment penalty so would you recommend me getting the you know just taking the refi just getting the money that they're going to give me and then sell within you know the next 60 days uh you could do that as well i i don't think i would take that loan right now though i would i would i would uh i would uh i would try to sell that property right now before you take that loan okay that loan's going to be there bro banks always lend money and they're not giving you a great loan right now just to just to be like they they they don't want to give you a bunch of refund finance money out of the deal i would grab the doe i would sell the house i would find a broker i would find you want my wife to help you in the 401 she's a broker she can get you a good contact in in atlanta what part of atlanta are you i'm in um one of my outskirts of atlanta so i'm like right up in the kenstall area yeah what's your what's the address of your house it's uh 203 royal sunset royal sunset yeah man that's that that sounds that's a nice place to have a beer that's in dallas yeah it's in dallas georgia right i don't say dallas because 2200 square feet 2200 square feet oh look at this house man look at this i might come visit you nice two-car garage house looks good man and then the basement just got we finished the basement as well it was about four thousand square feet total whoo dude i'd sell this house is what i do i'd give me some money crack somebody right now people all emotional atlanta's on fire you guys own a home right now you got equity you're in a hot housing market you know what you do when is hot you sell what do you do when that pancake gets hot you flip it to the other side take that money go for a ride take that equity turn that equity leverage your equity that equity that you got that 180 grand turn that into gold folks you this man's got a chance to 3x or 4x his money right here with this one decision he's going to make he could get 50 grand from the bank or he could be like no no i'm going to go make a cardone move i'm going to make a class move i'm going to make a step up move i'm going to get out of my house and i'm going to leverage into a bunch of units okay and i'm going to go from having 100 what 300 dollars worth of real estate to seven or eight hundred thousand dollars worth of real estate i say man it's time to grow up come on michael do the right thing michael i dare you i feel like suzy orman right now okay next caller all right we got janiece from arizona janiece from one of the hottest markets in the country is the az do you have a question or do you have a deal i have a question please bring it so um for the love of god i need so much health care so i'm not much new real estate at all i've been following you for a long time so i know how important it is but i currently live in arizona i'm from pueblo colorado uh and you're from pueblo i am from public oh that's crazy that's crazy yes so my grandfather just passed away and i did not know that he had so many properties and he didn't have a will but essentially we have found that he currently has at least seven properties in in pueblo and all of them currently have renters and they're in the really shitty side of the lower east side they're um all really really bad condition and i'm working through the process right now of trying to settle this state and essentially trying to figure out what to do in the short term i think my main question for you would be um and what was the smartest trajectory be for me and handling this all of these properties are paid off yes yes they're also really awful yes okay well number one i want to tell i want you to quit saying they're awful because they're phenomenal opportunities you're you're you know uh one man's one man's trash is another man's treasures and i'm going to tell you i could help you you should also join our real estate club i could show you exactly how to i'm going to give you a little tidbit here i don't know if i can cover the whole thing but i'll bet you there's some people on our call that won't think what you have is a problem they'll think it's an opportunity everybody every problem on this planet is an opportunity for somebody right so i would take and build a profit and loss statement a pl basically on these properties and i would include all seven properties on that gross income line so rather your your grandfather probably has seven of these right now right maybe he does yeah one of them yep and one of them is actually uh what i would consider maybe half commercial half apartment there's like five studio apartments and there's okay i can't really explain it yeah but so how many total units you think there is 12 13. maybe yeah so what i'm going to do is i'm going to have all 13 on this one statement okay i'm gonna you have renters in all of them um so there are renters in all of the houses um but one of the homes my mom lives in the apartment building um my aunt lives in um but the the studio apartments in there are not allowed to be lived in because of the condition of the the pipes or something yeah so yeah that out yeah yeah yeah so your grandfather he didn't take care of the stuff so he was yeah yeah so and i i i do agree that it is an opportunity which is why i wanted to call and try to get yeah i'm gonna tell you pueblo colorado for my time spent there i spent almost five months there between the first trip and the last trip there is no housing in that town there's none zero i know because i needed some so there is no housing there things are not expensive there uh colorado springs and denver are going to blow those markets up salt lake city utah and phoenix arizona are all pushing all that people just start migrating to more affordable places that that that is an unbelievable opportunity that you have sitting on your plate let's say those rents are only 650 bucks a month 13 times 650 times 12. this thing will prese this thing will produce 100 and 1 000 worth of gross income a year you can operate those for probably 35 grand a year with property taxes and insurance you're going to make 66 000 bucks sixty six thousand divided by point zero six uh wha what what is anybody know what these properties are worth um i have listened up on the pueblo assessor website um they're not worth a whole lot i think they're worth a million dollars if you do it right i think your grandfather left you with a million dollars yeah he he did some things right so they might be worth more than that that's if they only rent for 650 a month so you just got some you probably have to spend a little money on them maybe you got to spend 13 times let's say you got to spend 5 thousand dollars a unit on them you got to spend 65 000 to make 1 million dollars yeah for sure there there needs to be money that is put into them to just to get them up to yeah no big deal conditions no big deal everything in pueblo needs to be fixed right so so what every old town okay so every old town in america has to be fixed at some point the new towns have to be fixed go to new york city everything in new york city needs to be fixed so that's not a big deal i wouldn't condemn the property because they need to be fixed and i'll promise you there is somebody in my real estate club 150 strong they pay 25 000 to be there every one of them is a serious investor there's somebody in my real estate club that will say hey let me come i'll fly in and look at your deals and they might be the buyer for that deal janiece i hope that helps out all right for all of you that are watching and you're like man i'd like to join that club grant cardone.com forward slash summit grantcardone.com forwardsly summit grantcardone.com forward slash summit we meet twice a week over zoom calls three times a year in person grant cardone.com forward slice summit we listen to your deal you pitch your deal we look at your deal i underwrite your deal and then i say hey would i do it or not do it based on what you show me i'll keep you from doing the bad deals and i'll do my part to help you to get exposure for the deals you want to do today we're talking about the delta variant johnny i think we got all our colors right the delta variant okay the delta variant is you're looking for market rent or what you're getting in rent and home ownership costs hoc what is the rent if the rents are a thousand bucks and i can buy a home for a hundred grand you know what probably not gonna do that deal there's just not a lot of rent growth watch hundred thousand dollar home times .525 i can i can basically um i can basically my my payments on the house are gonna be 437 dollars a month i'm like okay why am i going to do thousand dollar rents i got pressure from across the street with a 437 payment okay now if that house goes to 400 grand well my rents are going to go up to 1600. then all of a sudden i'm like oh i got the delta variant working for me you know what i'm saying i got the dv giving me opportunity okay next caller all right this is our last caller mauricio orlando mauricio from the orlando market how are you my friend i'm good i'm good huh you got a deal you got a deal or you got a question no yeah i got a question um i'm 16 i wanna i want a car accident lawson it's around a hundred thousand dollars when i turn 18. i'm just wondering like how should i start investing in real estate uh i think lebron made his big move when he was 16. so what did lebron do dude he got good with a basketball he got good with a basketball he played basketball all the time before during after you saw the heavyweight fight this weekend i did what's the dude's name no we're getting one get gone the french dude no i didn't know well dude the guy the guy's 252 pounds and and he looks lighter on his feet than i do you know why because everywhere he goes he goes with a jump rope so what i would tell you to do my friend 16 years old where do you live orlando florida you need to get around somebody's buying real estate in the orlando mco yeah all right okay that's what i would do you want to get great at something folks you got to get great greatness does not happen here in your mind i know a lot of people say oh man you got to have the right mindset you got to do a bunch of is what you got to do i trade my mindset for my due set you know what i'm saying d.o do set i need a set of doing okay hey look i hope you guys enjoyed the show i try to keep it light here every monday we do this show for you free and live on youtube and facebook and instagram we drop it on the itunes if you're not listening to our podcast what is wrong with your bank account something because it could be bigger it could be fatter it could be better you know that to be true the delta variant today the delta variant is the difference between the rent and the host the cost of home ownership in your market when you buy a home look at down payment look at payment look at interest look at property taxes look at maintenance of that property and look at insurance and compare that with the cost of renting an apartment and you're going to see for yourself whether or not there's opportunity in your market my name is grant cardone thank you so much for being here if you want to get involved in this deal that we're doing right now show them the heights deal again monster beast been trying to buy this marketplace for 20 years i'm buying below replacement costs it is the number one renter market in this market this is the largest renter market on planet earth the average incomes in the neighborhood are 156 000 the average home price is 850 000. there's been 34 rent growth since 2010 and i think we get that in the next two years it is the number one urban renter's market in the country right now if you want to if you want to get involved with me you got to be an accredited investor you need a minimum of 250 a quarter of a million dollars and you become a partner in this deal the text number is 305-407-0276-305-407-0276 we are 82 or 83 full on this fund and it's going to be a screamer okay obviously i got to do all the disclaimers i can't promise you it's going to be a screamer but i think it's going to be a screamer i can't promise you it's going to make money but i think it's going to make a shitload of money i can't promise you it's going to cash flow i think it will the first month we own it and i think there's massive opportunity there that's why i'm buying the deal signing on the debt and have spent the last i don't know eight months trying to get this one beast again thank you for watching the show today please post something comments share with your big boys and girls if you hate my guts post it don't be a hater and a come on bone up and put it in the comments i hate grant cawdon and if you love me put that too but most importantly hit that bell so you get notified the next time i go live thanks for watching [Music] so [Music] yes [Music] yes you

Channel: Grant Cardone

Views: 47,659

Keywords: grantcardone, grant cardone, 10x, money, finance, business, sales, motivation, yt:cc=on, WeAre10X, 10XNation, 10XStrong, 10XLife, 10XEverything

Id: -fy1X6-DFc0

Length: 49min 45sec (2985 seconds)

Published: Mon Aug 09 2021