Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant talks about what your ideal first deal should look like. From the size of the deal, number of units, what you should put down and what you should finance, Grant shows you how you can double your investment in five years.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant talks about what your ideal first deal should look like. From the size of the deal, number of units, what you should put down and what you should finance, Grant shows you how you can double your investment in five years.
Forget the conspiracy theories about the Illuminati and super wealthy. Learn the truth about their actual secret – what they do different with their money than what you do with yours.
Listen in as Grant talks about while the middle class adds and subtracts, the super wealthy have learned multiplication.
Forget the conspiracy theories about the Illuminati and super wealthy. Learn the truth about their actual secret – what they do different with their money than what you do with yours.
Listen in as Grant talks about while the middle class adds and subtracts, the super wealthy have learned multiplication.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant Cardone tells you what the most important number is in real estate. If you get this number wrong, you'll have no leverage in the marketplace, no chance of growth or achieving wealth. Listen in and find out exactly what number it is.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant Cardone tells you what the most important number is in real estate. If you get this number wrong, you'll have no leverage in the marketplace, no chance of growth or achieving wealth. Listen in and find out exactly what number it is.
Grant was asked which would he take: $2 million in cash or $4,000 a month for life? He tells what he'd do with the two million and why taking the four thousand a month is the biggest mistake you could make.
Grant was asked which would he take: $2 million in cash or $4,000 a month for life? He tells what he'd do with the two million and why taking the four thousand a month is the biggest mistake you could make.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant Cardone gives you the top-ten things you must know before getting started investing in real estate. Listen as he walks you through step-by-step what you need to know from start to close.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Grant Cardone gives you the top-ten things you must know before getting started investing in real estate. Listen as he walks you through step-by-step what you need to know from start to close.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Listen in as Grant explains what it means to underwrite a real estate deal. Find out why it's important, who should do it and the calculations involved so you end up with the best deal that will make you the most money.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Listen in as Grant explains what it means to underwrite a real estate deal. Find out why it's important, who should do it and the calculations involved so you end up with the best deal that will make you the most money.
If you're in a slump, don't think it's only you. No one is immune to the ups and downs of inspiration, motivation and engagement. Listen in to learn three actions you can take to help you get out of a slump.
If you're in a slump, don't think it's only you. No one is immune to the ups and downs of inspiration, motivation and engagement. Listen in to learn three actions you can take to help you get out of a slump.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
If you have equity stuck in your home you need to listen to Grant's tips on how to get your dead equity earning you money.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
If you have equity stuck in your home you need to listen to Grant's tips on how to get your dead equity earning you money.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Refinancing, or REFI, basically lets you sell your property, keep your property and pay no taxes. Listen to how I've done it and I'll show you real life examples so you can see how it works. You can do it. The magic of refinancing works on big, and small deals.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Refinancing, or REFI, basically lets you sell your property, keep your property and pay no taxes. Listen to how I've done it and I'll show you real life examples so you can see how it works. You can do it. The magic of refinancing works on big, and small deals.
How to Get Rich Working for Someone Else
It is possible to get rich working for someone else. Make sure there's opportunity at the company you're working at and make sure you have the skills to accomplish it. Listen for the five things you need to know to make it rich without being an entrepreneur.
How to Get Rich Working for Someone Else
It is possible to get rich working for someone else. Make sure there's opportunity at the company you're working at and make sure you have the skills to accomplish it. Listen for the five things you need to know to make it rich without being an entrepreneur.
Marriage and Finances Grant and Elena Cardone talk finances and marriage. Talking about money is one of the hardest conversations a couple can have. Harder than talking about kids, parents and family. Together you need to decide on spending, income and investment goals. Get some pointers on getting your conversation started
Marriage and Finances Grant and Elena Cardone talk finances and marriage. Talking about money is one of the hardest conversations a couple can have. Harder than talking about kids, parents and family. Together you need to decide on spending, income and investment goals. Get some pointers on getting your conversation started
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Five Must-Knows to Invest in Real Estate.
Since I've started investing in real estate I've learned a lot about the industry and gained a tremendous amount of knowledge. Here are five of the most important areas: One, Know Your Market; Two, Never Invest in One Door; Three, Know Your Debt Partner; Four, Calculate Returns Over Years; Five, Exit.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Five Must-Knows to Invest in Real Estate.
Since I've started investing in real estate I've learned a lot about the industry and gained a tremendous amount of knowledge. Here are five of the most important areas: One, Know Your Market; Two, Never Invest in One Door; Three, Know Your Debt Partner; Four, Calculate Returns Over Years; Five, Exit.
Millionaire Tips Get your money right. Focus on being a multimillionaire, not a millionaire. One million is NOT financial security. You need to aim for wealth that can't be destroyed. Don't miscalculate what you need to be rich and prosperous. Here's ten steps to becoming a millionaire and multimillionaire.
Millionaire Tips Get your money right. Focus on being a multimillionaire, not a millionaire. One million is NOT financial security. You need to aim for wealth that can't be destroyed. Don't miscalculate what you need to be rich and prosperous. Here's ten steps to becoming a millionaire and multimillionaire.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Investing in real estate is the single most important financial investment you'll make in your lifetime after investing in yourself. Cash is continually going down in value. Cash is not KING. Cash sitting in the bank does nothing. Use that cash and good debt to own an asset that appreciates in value and produces cash flow. That's how to leverage real estate.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only.
For our Regulation A offering:
Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering
Investing in real estate is the single most important financial investment you'll make in your lifetime after investing in yourself. Cash is continually going down in value. Cash is not KING. Cash sitting in the bank does nothing. Use that cash and good debt to own an asset that appreciates in value and produces cash flow. That's how to leverage real estate.
First, you need to take responsibility for the solution and that's why more people don't. Second, accept responsibility for doing the wrong things. Then take the negative situations and that energy and flip it to benefit you. There is so much negativity in the stuff you don't like that if you can harness it and embrace it, you'll be that much stronger and more powerful.
First, you need to take responsibility for the solution and that's why more people don't. Second, accept responsibility for doing the wrong things. Then take the negative situations and that energy and flip it to benefit you. There is so much negativity in the stuff you don't like that if you can harness it and embrace it, you'll be that much stronger and more powerful.
Are You in The Right Job? Have you ever asked yourself if you are in the right job? How about if, and when you should quit a job? You need to know when it's simply time to double-down or move on from a position.
You need to determine if the problem is the job itself, or you. Make the effort to take a serious look at if it's you or the job. This assessment will let you then focus your energy on fixing the right thing. Either the job or your approach and attitude about it.
Are You in The Right Job? Have you ever asked yourself if you are in the right job? How about if, and when you should quit a job? You need to know when it's simply time to double-down or move on from a position.
You need to determine if the problem is the job itself, or you. Make the effort to take a serious look at if it's you or the job. This assessment will let you then focus your energy on fixing the right thing. Either the job or your approach and attitude about it.
Hubert Humphrey: Dreamer and Rebel
Grant Cardone interviews Hubert Humphrey on Power Players. Humphrey revolutionized the way insurance was sold by creating a systematic approach to building distribution through relationship marketing. He launched World Marketing Alliance which became one of the largest independent marketers of financial services products in the world. Leveraging his 30 years of skills, experience and relationships, he founded HGI, a solution-based company to help individuals and families improve their lives through a professional business opportunity.
Hubert Humphrey: Dreamer and Rebel
Grant Cardone interviews Hubert Humphrey on Power Players. Humphrey revolutionized the way insurance was sold by creating a systematic approach to building distribution through relationship marketing. He launched World Marketing Alliance which became one of the largest independent marketers of financial services products in the world. Leveraging his 30 years of skills, experience and relationships, he founded HGI, a solution-based company to help individuals and families improve their lives through a professional business opportunity.
You need to know these three simple strategies that are either making your business or killing it. These mistakes have nothing to do with your actual sales process and everything to do with it.
Mistake Number One: People have no idea who you are You need to get attention for yourself and your business. Plan how you're going to advertise and then take action – get the word out. For example, it can be as easy as attending a high-profile event and taking a picture that you post on social media. By aligning your brand with a higher profile one you get their juice and audience.
Mistake Number Two: You're not getting in front of qualified customers Find your target. Get in front of them and sell. People constantly underestimate the importance of being around people. You can't be a homebody. Get out and move around. It's not the five people you know that determine your net worth. It's the five customers that you sell and close that deliver your net worth.
Mistake Number Three: You're not making an impression You need to concentrate on getting attention. Make an impact that will last forever in the customer's mind. Figure out your hook to get attention. How will you stand out against the herd in a good way? If you're presenting to a wealthy person that meets hundreds of fund managers how will you introduce yourself to stand apart? That hook is what will last in that person's mind.
Pay attention to these traps and avoid them. Make a plan. Practice and perfec
You need to know these three simple strategies that are either making your business or killing it. These mistakes have nothing to do with your actual sales process and everything to do with it.
Mistake Number One: People have no idea who you are You need to get attention for yourself and your business. Plan how you're going to advertise and then take action – get the word out. For example, it can be as easy as attending a high-profile event and taking a picture that you post on social media. By aligning your brand with a higher profile one you get their juice and audience.
Mistake Number Two: You're not getting in front of qualified customers Find your target. Get in front of them and sell. People constantly underestimate the importance of being around people. You can't be a homebody. Get out and move around. It's not the five people you know that determine your net worth. It's the five customers that you sell and close that deliver your net worth.
Mistake Number Three: You're not making an impression You need to concentrate on getting attention. Make an impact that will last forever in the customer's mind. Figure out your hook to get attention. How will you stand out against the herd in a good way? If you're presenting to a wealthy person that meets hundreds of fund managers how will you introduce yourself to stand apart? That hook is what will last in that person's mind.
Pay attention to these traps and avoid them. Make a plan. Practice and perfec
To be successful in, and at, life and create what will truly make you satisfied, you need to visualize it. Your life isn't your job, it's not your marriage, it's not your kids or the people in it. Don't limit yourself. Visualize and plan who you want to be, and how you want your life to be.
1. Prioritize the life you want. This is not putting your family first, your role as a husband or wife first, or even your role as a parent. It's putting yourself first and understanding what you need. By being whole, you'll enjoy others and situations as a compliment to your prioritized life, and not a "fix" to complete you.
2. Identify and avoid situations that aren't good, but occurring over and over. Stuck in traffic constantly and getting home angry and frustrated? Change it. Move closer to work. You can't be a good partner, parent or contributor if you are shut down, angry, and upset. Is your health upsetting you? Fix it, do what you need to do to feel better about yourself or take action to heal.
These are not short-term fixes or goals. Create a life that no one can destroy. The potential is in all of us. Make a decision and commit. Pursue living a great
To be successful in, and at, life and create what will truly make you satisfied, you need to visualize it. Your life isn't your job, it's not your marriage, it's not your kids or the people in it. Don't limit yourself. Visualize and plan who you want to be, and how you want your life to be.
1. Prioritize the life you want. This is not putting your family first, your role as a husband or wife first, or even your role as a parent. It's putting yourself first and understanding what you need. By being whole, you'll enjoy others and situations as a compliment to your prioritized life, and not a "fix" to complete you.
2. Identify and avoid situations that aren't good, but occurring over and over. Stuck in traffic constantly and getting home angry and frustrated? Change it. Move closer to work. You can't be a good partner, parent or contributor if you are shut down, angry, and upset. Is your health upsetting you? Fix it, do what you need to do to feel better about yourself or take action to heal.
These are not short-term fixes or goals. Create a life that no one can destroy. The potential is in all of us. Make a decision and commit. Pursue living a great
The vast majority of good real estate is bought by, and owned by, the super wealthy. Not wealthy individuals, but mega-wealthy companies like Blackstone, Allstate and Met Life.
And, the reason they have preferred access to these deals is that Wall Street wants you to keep investing how you have been.
Wall Street wants you to buy a house, a duplex, and invest in a 401K or a Keogh plan. They don't want you investing with someone like Grant Cardone or in real estate.
In fact, they've stacked the deck against you. if you make less than $200,000 per year, you wouldn't qualify as an accredited investor to invest in these large real estate deals. This type of investor can invest in an accredited fund which costs very little to establish. Which, in turn, is very lucrative to those putting it together. Compare that to a non-accredited fund which can cost $500,000 to $1 million. There's no incentive to create that type of fund usually. The costs are too high.
Grant is changing all of that. He's taking on Wall Street and is creating his first non-accredited fund right now. And, the investment will be an equity investment – meaning you have the benefits of owning. You'll receive depreciation, cash flow, and appreciation.
The vast majority of good real estate is bought by, and owned by, the super wealthy. Not wealthy individuals, but mega-wealthy companies like Blackstone, Allstate and Met Life.
And, the reason they have preferred access to these deals is that Wall Street wants you to keep investing how you have been.
Wall Street wants you to buy a house, a duplex, and invest in a 401K or a Keogh plan. They don't want you investing with someone like Grant Cardone or in real estate.
In fact, they've stacked the deck against you. if you make less than $200,000 per year, you wouldn't qualify as an accredited investor to invest in these large real estate deals. This type of investor can invest in an accredited fund which costs very little to establish. Which, in turn, is very lucrative to those putting it together. Compare that to a non-accredited fund which can cost $500,000 to $1 million. There's no incentive to create that type of fund usually. The costs are too high.
Grant is changing all of that. He's taking on Wall Street and is creating his first non-accredited fund right now. And, the investment will be an equity investment – meaning you have the benefits of owning. You'll receive depreciation, cash flow, and appreciation.
Cash is king. You've heard this expression, time and time again. But the truth is, cash is not king. Cash flow is king.
Inflation makes your money worthless. It takes eight times the money to buy the same product or service today as it did in 1958. That means, what your $1,000 bought back then, it takes $8,269 to buy the same thing, today.
You need to invest your money to have it be worth anything. Cash does no good in the bank.
Here's what to do with your cash:
1. Invest in yourself to increase your income 2. Invest in your business to increase your income 3. Invest in real assets that produce cash flow
Make sure to take your cash and buy things with it that will make you more cash!
Cash is king. You've heard this expression, time and time again. But the truth is, cash is not king. Cash flow is king.
Inflation makes your money worthless. It takes eight times the money to buy the same product or service today as it did in 1958. That means, what your $1,000 bought back then, it takes $8,269 to buy the same thing, today.
You need to invest your money to have it be worth anything. Cash does no good in the bank.
Here's what to do with your cash:
1. Invest in yourself to increase your income 2. Invest in your business to increase your income 3. Invest in real assets that produce cash flow
Make sure to take your cash and buy things with it that will make you more cash!
$1 million is not a big enough goal because it doesn't give you enough money to live on if you live 20-25 years. If you just want to make $10k a month, you give the government $4k a month you spend $6k on house, car, insurance and you're out of money.
Here is the plan we made for Jarrod that made him a millionaire:
1. The right target is $10 million: Don't be selfish and say you don't need a lot, you owe it to your children and your parents.
2. No consumption at this level: Don't buy stuff to show off, Jarrod buys suits for less than $500, he leases his car, he rents his home—he's not driving around in a Lambo.
3. Stay broke: Use the 40% rule, you need to make as much income as necessary to store 40% of it.
4. Invest: This is the only thing that multiplies your money
5. Repeat: Earning money and investing it isn't a one-time thing, it needs to be an on-going thing.
$1 million is not a big enough goal because it doesn't give you enough money to live on if you live 20-25 years. If you just want to make $10k a month, you give the government $4k a month you spend $6k on house, car, insurance and you're out of money.
Here is the plan we made for Jarrod that made him a millionaire:
1. The right target is $10 million: Don't be selfish and say you don't need a lot, you owe it to your children and your parents.
2. No consumption at this level: Don't buy stuff to show off, Jarrod buys suits for less than $500, he leases his car, he rents his home—he's not driving around in a Lambo.
3. Stay broke: Use the 40% rule, you need to make as much income as necessary to store 40% of it.
4. Invest: This is the only thing that multiplies your money
5. Repeat: Earning money and investing it isn't a one-time thing, it needs to be an on-going thing.
Stress test for buying real estate: 1. Does it provide cash flow with at least 4-8% a year (if it provides more than 8% you need to look with some magnifying glass cause there is probably something wrong!) 2. Time/money - is this going to be worth your time? 3. Do you love it? 4. Can you exit? Can sell the deal at any time?
If a deal makes 28% but that's only $100 that's not a good deal. How many doors/units/tenants you have is the most important number in real estate.
Classes of properties: A - (could be triple A) new or 1-3 years old B - 3-20 years old caters to mix of white and blue collar, overall nice mix of cashflow and appreciation, returns of 5-7% before appreciation C - 20 + years old D - Inner city, tough markets
Stress test for buying real estate: 1. Does it provide cash flow with at least 4-8% a year (if it provides more than 8% you need to look with some magnifying glass cause there is probably something wrong!) 2. Time/money - is this going to be worth your time? 3. Do you love it? 4. Can you exit? Can sell the deal at any time?
If a deal makes 28% but that's only $100 that's not a good deal. How many doors/units/tenants you have is the most important number in real estate.
Classes of properties: A - (could be triple A) new or 1-3 years old B - 3-20 years old caters to mix of white and blue collar, overall nice mix of cashflow and appreciation, returns of 5-7% before appreciation C - 20 + years old D - Inner city, tough markets
You're at 1 of 3 points in your life right now:
#1 Basic Needs #2 Reinvesting #3 Multiplying
When you're at basic needs, you're only getting enough to survive, you're never improving your life. When you finally start to reinvest in you, you begin to grow. Investment leads you to be able to multiply what you have.
Tie your sales to finances and you'll make more money, be more motivated, and be able to help other people
You're at 1 of 3 points in your life right now:
#1 Basic Needs #2 Reinvesting #3 Multiplying
When you're at basic needs, you're only getting enough to survive, you're never improving your life. When you finally start to reinvest in you, you begin to grow. Investment leads you to be able to multiply what you have.
Tie your sales to finances and you'll make more money, be more motivated, and be able to help other people
