Give money sitting in the stock market. In your word about it or worse, you have money sitting at the bank earning less than half a percent money grandcourt on the phone. currency of Khartoum capital dot com. For the past thirty years, I've been investing my money in my family's money in income producing properties. These are real assets, real properties with real addresses that produce real cash flow at card on capital. We provide qualified investors who love real estate with a turnkey solution and want to put their money to work in real estate, but can't find deals. Don't have the time to go The funding for the deals in a lasting, most productive people want to do is managed real estate. I find the deals are funded. And then I manage the tenants, the termites in the properties pardon with me at Cardon capital COM, that's card on capital com go to card on capital, dot com. If you love real Estate York qualified investor you like the idea of passive income and believe that income producing properties will appreciate over time go to card on capital com, that's cardon, capital capital.

he has the magic touch when it comes to real estate patterns, patterns of our society are being disrupted. One two billion in assets under management, Grand Cardo, is changing the game of real estate. This is real estate. Investing made simple again: hey welcome to the car done one grant Cardone here every

every week. I come to you to talk about real estate. Investing now you can get your real estate game on how you can get it right today, I'm going to be sharing with you, how you can take advantage, what will prove to be the greatest real estate, opportunity of your lifetime and my lifetime, and that is going to be created by the way first, because of this corona, the corona. What is it? The corona crisis, the economic crisis, the March twentieth, madness, the thirty eight million people unemployed, the retail vacancies hotels, going into foreclosures. Okay, I'm telling you there's going to be so much bad news here in the next six to nine months and that will create opportunities for you and your household. If you are focused, I've been doing this game for thirty five years. Folks, it was nineteen. Ninety five, when I started playing the game. Actually, nineteen. Eighty three, I played a game once learned how to

double my money shouldn't have sold that property made a big mistake. Nineteen, ninety five, two thousand two thousand and one two thousand and eight, these all create opportunities, and this one too, will create a massive opportunity. What we have going on right now is bad debt. Bad debt is going to show up in the marketplace and it's going to be an issue. That's going to create an opportunity, as they say all problems or opportunity! So if you're watching today, if you want to call in three oh five, eight six, five, eight six, six, eight three zero: five, eight six, five, eight six, six, eight mode, please three! Oh five, eight six, five, eight, six, six eight call me Johnny. We got them loaded up and then I'm going to go into the serious show right. Let's do it! Okay, what's

Thomas I Johnny, I gotta say welcome to the car down zone great car down here in every week I come to you to talk about real estate. Investing today, I'm gonna be talking to you about how to take advantage of what will prove to be the biggest real estate opportunity of my lifetime, and I guarantee, if you pay attention can take advantage of it to okay check this out homes, retail office, hotels, apartments are going to be forced into major discounts, because debt will not be paid by some operators. Unfortunately, or can I say fortunately, in in sixty days, we already have thirty: two billion dollars piled up of commercial estate. state loans going to what's called special servicing. Okay special servicing means it is now out of the hands of the lender.

The board that the bank are the lender and is now moving into the hands of what is called a special services. This is very, very important for you know this is where you can get rich in this real estate, game landlords, I'm a landlord. We own, seven thousand seven hundred units, none of my properties or with special services? Okay, just to be clear with everybody, but there's a lot of operators like me, in hotels, in retail, in huge at home, it's going to be You know, you know how much I hate hoped right by an homes. Johnny, oh yeah, yeah, yeah, John S, Johnny the camera. God make sure you follow. John

the camera guy, always series beside kick. Okay. He makes the show fun homes as much as I am against home buying. I'm telling you I might be looking for one myself right now in the next twenty four months, probably six months to twenty four months somewhere between now and the end of two thousand and twenty one we're going to have unbelievable opportunities to buy homes, retail, hotels. How big can you think office buildings, I'm gonna be going for it all might be a little bit of everything it's gonna be like Baskin Robbins on a bomb I played thirty two flamers Okay, look landlords have been scrambling for debt relief since March twenty second on hotel stores, office, buildings and other commercial properties that sir mostly bake. It over the last two months because of the: U S: lockdown lockdown, which I am completely convinced, is the conspiracy by full of super powerful people that have more money than God then are like do not

not happy with just money anymore. I want to rule the whole planet. want to find out. What would it take to send everybody home. Ok, we tried wars. Let's go fashion? Let's go back to the one thousand nine hundred that one worked back in nineteen. What the spanish flu, the spanish flu? Let's go back, let's, you know we're advanced society enough that we could actually create. Why don't we just create our own flu, not wait for one to show up. Okay, start it in some place, where there's a billion three people, you know we can infect some of them had it there, because there's king there or whatever you. What would he called the primarily geared to the Prime Minister, Prime Minister? I don't think it's a prime minister, Tony Blair. We're gonna need and always Evans backs right, but he's good the background yoga guy,

What we do is we can we could afford to lose a blog about China now, so what we lose a million people. We don't have to tell people let this thing get out shut down the entire entire economy. The planet see if we can. Actually, ten people home for two weeks remember in March. When they said it's going to be two weeks, they knew then it was going to be too much folks. They knew it was going to be two but I couldn't tell you gonna, be do much okay, so look already and sixty days are get up my conspiracy and talk about the possibility you actually making some money This thirty two billion dollars worth of commercial property loans are. These are many these or people or high network individuals, people that have been playing this real estate game for long tat. Look if you are super super rich Hundred's, a bill dollars in the shadows or even trillions of dollars. Don't don't don't think that we don't have trillion errs on this planet right now, walkin around their disguised as wealthy people

there are in the shadows with trillion dollar protection of companies. Ok, these are the oh god, man- that around the planet- you never see him on tv and there, like you, know what while we go get all of it now, let's go get all, but let's go get some cartoons money, let's see if he reach look a little overextended! Let's go get saying, There is copy. This goes crusher guy Worth five billion, because these people they could profile billion away like it's, not that, like a quarter, ok, look Sixty days we have more than double the late February tally February. We had late payments. Ok in sixty days, we have more than double the late payments because of the corona virus, deepened its whole on the? U S. According to New Moody's, investor service report special servicing. So you understand what it is, is the first stop for a bar or, like me, or somebody and real estate guerrillas.

game or owns a house or a hotel. It's the first opera bore seeking relief on loans that are bundled basically bundle and then sold as a c m bs alone, get down for you. Okay, I go get alone. I go get alone from for a bad deal for ninety two million dollars about deal for ninety two million dollars that we did know. We got got that deal. Eighty five, five million dollars a million dollars in Naples. Put water put down that deal thirty million dollars. We finance fifty five million dollars. Okay, the it's called a fanny mate. I think that was a Fanny mayor or Freddie MAC. It could be a Freddie MAC or it could be a life insurance. Company. Okay. This loan, then goes to is considered a. If, if I go to life, insurance company is considered a commercial mortgage backed security, they take. This

Blown alone would probably a hundred others like it. Ok put it together, they bring it to their laboratory. The financial laboratory they put it in the Vienna makes machine. Ok, they take fifty five million tonnes, a hundred. What would that be like fifty five billion dollars? They create a bond, they call it a bond they put it, they throw it maybe into their bond and or create a read around it or real estate investment trust, and then they sell it out to Grandma around the world they're like I want an I want diversification, I want to Bonn. Okay, I'm learning. I don't know fifteen to thirty three percent on the peace, a real estate and they pay out the investor two percent to maybe five percent a year and a feed the thing to death. Ok, see where the monies my group's

dang it that thing. This thing is just so bad. Okay, if you guys you guys listening on the radio right now, you're like what's he doing well, I got a little magic board behind me and sometimes it doesn't work. You can always see the show by the way, after the fact on Youtube, Facebook. No, no! No for serious for sure You can watch it on Channel one hundred and thirty, two on series: Xm Business, radio, Xm Business, radio. I think it's grant Cardone COM, serious Xm, radio, if you want to watch after the fact. Okay, this special service then takes fifty five million my loan mixes-

with another. Ninety nine loans sells it to the marketplace, pays your grandmother two or three percent, backed by real estate. Well cone, but not really. Okay, see. My investors are backed by real estate because we own the real estate and control the real estate. Look like at a bank a special servicer handles the debt payments. Imagine you board money from the bank. You can't pay them. The bank is not going to talk to you at some point. The bank is going to be like okay. Let them talk to this special department, okay, and that's what's happening right now on behalf of the bond holders of this fifty five billion dollars

not the fifty five million on behalf of the bondholders. This thing is called special services. Instead of a single letter there also in charge of negotiating any work out what the bar. So if I need some help, ok, they they will offer some kind of special help or support, or I'm calling up saying any ninety days or a hundred twenty day, sometimes offering debt relief and other times as the cycle extends itself, they could actually move into foreclosure bankruptcy, and this is where you could start taking advantage of. Some of these opportunities are meant to be shared with you exactly how you could do that Saturday, this coming Saturday, Johnny Grandcourt DOT, com for twice or IE. I want to show you a try in true thirty year, precise formula for finding assets that you can literary make thirty three percent on your money. Ok, like can you imagine she put a millionaire

Ben earning three hundred grand three years you'd be paid back on the whole loan? Okay, that's gonna happen. It's gonna happen for a lot of people. The big groups of the Black Stone Blackstone's got a hundred and fifty eight billion dollars sitting in cash reserves waiting to buy the loans and I could show you how to do it lately. However, more property loans are being transferred to special services, even while the bars remain current on their debts. Listen to this the special service or start lining up. They basically will control the real estate for some peered at them. They store hang up. I know this because I have a loan on a deal I did and as soon as I did the deal as soon as March, 22nd that that last week of March happened and they knew the company the country was sending out, we got phone calls We're gonna be coming in every two weeks now cause they're waiting for my weakness. Ok, that's how the nine hundred and seventy five million dollar property debt down the street called fountain Blue hit the special services in April,

wow the fountain blue baby, how many times, how many? I wonder, how many times people have been shot at the fountain blue got drunk into fountain blue made babies in the fountain blue- and I bet you I'll bet you, the fountain blue over the period of the last forty or fifty years, has gone into bankruptcy or special service, special servicing at least three times for sure, almost one one billion dollars the debt debt servicing for May notes for may indicate the bar once over. They want four bearance for forbearance, not forgiveness. They need a delay. How long that delay goes will be interesting. The spike so far in special servicing activity during the pandemic is like amazing amounts. Okay, while the rough, five hundred and fifty billion dollars, maybe I talked about my little my love

five million dollar deal. That's one deal okay. This is how big this is five hundred and fifty billion dollars okay. I think I need another set of zeroes right. That's a lot of there. You go That's five hundred fifty billion dollars? That's how big this opportunity. So I can all this stuff so you guys like why? What do you do the show em you know every week. What do you do? This show teaching people be brought about real estate again about the real estate. so there's gonna be plenty of real estate, and I would rather you guys, buy it if you're listening I'd. Rather, you buy, learn the game. J, P, Martin, Morgan Stanley and the wealth goes in a world and the super rich. It's time the little guy gets his lift up and the way to do that is with education, while the roughly five hundred and fifty billion dollars Cmbs market isn't the biggest source of funding for the US commercial, commercial properties.

Important one that offers an early glimpse into the health of the commercial real estate market, mainly through monthly Bonn reports, Now, as of a year ago, roughly thirteen percent- you always have some portion of this mass number is going to be late. Okay, roughly thirteen and a half percent of the three point, five trillion trillion three point: five trillion dollars. I dare you to try to write that number at home and not question yourself. Think there's another think. That's the more set of zeroes Ok, it's like is like it's like. We never write in trillions. We don't work. In billions. You know so you you, don't trust of unmarried right, that in a moment and think you get a ride to burst out banks in you're, making up the largest funny about thirty nine percent according to the mortgage bankers, association. Ok, no! What does all this mean to you? What

follow me, I mean like all these sectors: hotels, retail homes, ok, apartments, there's early signs, it that the landlords are being caught off guard by the fallout from the pandemic as Swat just giant swaths of the american economy or grounded to a Han airports. Airlines hotels, gyms so guys are not going to able to hang on forever optimism. but more, U S takes reopening over the weekend Memorial Day week. In U S stocks given another week of gains, Michigan still clothes, but California said it could be another three months. Floored is open, but the Euro California, like if they go three months- why why? Why are they won? Three months is not even that many reports, Texas, is open and not getting as many people infected and all that's terrible and everything, but the financial, the financial damage being done,

to retail centers houses, homes that were for sale. I had a friend that was selling her home for nine million dollars in LOS Angeles she can't sell it now fell apart. She was depending upon that sail by the way to get the money out of that that property. So as we reopen and or don't reopen, or what give half what happens? If we have a second wave, it's going to affect real estate in you as you have also. I wanted to buy real estate. I know you have. Why else would you be listening to this? you know there is money to be made there. The human and economic tool of this corona bars problem. manifested by a handful of seven seven, eight, nine ten guys they control the planet, while the economic toll is being counted. Ok weeks after the outbreak clothes, borders and you know even beaches. Why do we have beaches? Why is the the ocean? That's that's what I to that. That's probably the safest place! You can be right now! Please, okay

retail sales crater us a record. Sixteen point, four percent in April by self. Ok, those deals, we're gonna, sell, retail hotel properties had been the hardest hit in the past. And and tell you tell you right now that I will be buying retail the in the coming months. You ve never heard me talk about retail, but I want to show you how to buy retail, because in this way you can actually, rather than making two and three x on your money, you're probably gonna, make eight and ten acts on your money. Ok, balance the balance of loans are crashing into service special, especially us. Some respect. A special servicing and you'll see that you're late payment spike eleven percent in May on conduit in Multi Loan cm bs that I referred to earlier that have exposed most property types across the board, except for the apartment, building the apartment, those aren't going to this special services. Yet the office sector has been one of the better performing with apartments

facebook, for instance, came out this week and said hey, we might not be coming back to the office. We may not need as much office space. I think Mark Zuckerberg says something about we're going to have technology in the future. That allows you to stay at home and it's still going to feel like you're sitting right next to someone all right, we're a long way from that bro. Okay, don't kid yourself, office buildings, Office would get spanked. Because of this, you want to look at how you can buy office buildings that office buildings that cash flow at say. Fifty percent. Okay, can you imagine Let's say you had a property that was at eighty percent and now it goes down to fifty percent. He can't keep the property of fifty and so he sells it and they sell it for thirty cents on the dollar, because them the the special service or garden care. They just want to get their money out of the deal. Ok, so I pay thirty percent. With this

got paid? I never fill it up more than fifty percent it cash flows at fifty percent. It makes me maybe eight to ten percent, but watch what happens when the marketplace return. And I go back to eighty percent. That's thirty percent cash flow above the eight or ten I'm already getting, and I'm making thirty eight or forty percent a year on my investment paid back the whole office building in two and a half years, and somebody comes along and says: oh, my god, because the economy is back to two thousand and twenty five and everybody forgot about the corona bars. we know the truth about it. Okay, let's talk to some of our college. Gone we're gonna talk about homes, hotels, retail. You got met in pencil, what's going what's Goin already mentioned, my friend, how are you my friend you, my friend, I'm your friend, we friends.

they do it. Do you have a deal or do you have a question? I have a question, for example, to actually have a comic book: ok, they're, all all interrelated tie a problem about keep it brief for it. So I just want to favour a quick. I really appreciate all you do my dad that before I was born, I grew up without a doubt very similar to you, and I just want to say tat you for being such an incredible example that I'll take them illegal about two and model and emulate. You really have no idea how important that is. They think. Thank you. So much been appreciate that congratulations on your seventy seven hundred unit, my man, I can't wait till you can act that after Hundred thousand hey. I appreciate your attitude bro you pulling for me man. I, like that a lot of times I got people pulling against me or pushing whatever you're going to have the haters, but the haters mean you're, doing something right, who

That's right. So you have a deal. You got a question, so I got a question so my question is: I was reading through rereading through your book how to create wealth, investing in real estate, and in that you have a section about walking, deals and there's a section of having trouble making sense of a in it. You recommend walking deal. You also talk about making sure you have a good reputation with brokers, so someone who's getting ready to start really walking, deals and looking at stuff. How do I go about walking deals without ruining my reputation with a broker; okay, if I'm not good, so there are two different topics: okay, there are two different topics: one is walking the deal, which is that could be look. I just You know I'm driving down the road and I see an apartment deal or a retail deal, and I want to get out and market. It might be something that's open. Now I might walk, walk an apartment.

Walk in and say: hey. Can you show me a unit, I'm interested in the unit? That's walking a deal, I'm walking the neighborhood what's around the neighborhood or is it trashy? Is there garbage or there or their drug addicts, drug addicts or cry around the neighborhood walking a deal means literally walking the deal inside outside checking the neighborhood out same thing for retail same thinking for a hotel building right. If I'm a buy a hotel building, I want to go in and see hey. Let me see what it's like here. Let me see what the services like: that's where you're want to find out the opportunity now regarding your reputation with the broker, there's a good chance by the way this broker? Whoever has the listening today won't be the guy. That's listening listing it six months from now, because he's not going to be able to sell it right now, because it's going to be so much disparity between what the seller wants or wanted, and what the I want to pay cuts, are terrified. This is a big problem by the way when you're trying to buy out of bottoms or you.

You have basically a market, it's going, you gotta, marked market markets, go like this guy. They go like this there waves at and that this is this is this is still negativity with the bottom of the market. Would the bottom of the return and then things start improving at these places right most people by right here, ok about here here and here- the matter- because I know that all cash flow. As long as I have cash flow, I used formula cod, see F, r e that you read about in the book. But then I'm not go into detail. I proven this for thirty five years I can buy even here in two thousand and seven I could buy real estate two thousand and it would be worth more today and I would have earned the cash flow of all these years and pay down the debt and waited for the appreciation.

So the reason I'm bringing that up with the real estate agent is if, if he's listing right here, two thousand twenty he's probably going to be the same agent on the deal here at this bottom, this next bottom he won't building. He won't be here. So that being said, though, I still want to have a good reputation with him. I don't want to just keep exhausting these brokers with phone calls and sound like an idiot. Otherwise they cannot did they won't take your phone call of the future. I hope that helps next color you get AJ in Saudi Arabia, Whoa Saudi Arabia. I think you guys are getting ready to try to build like Dubai right, y'all already started started over there, Golly hurry. What's up, my friend, have you guys already started the building like divided twenty years ago?. Are there cranes in the air.

Are there cranes in the air? You have a lot of cranes over there yeah, that's Happily, what I say as a cranes in the air B, we you. Get in. There were no hair yeah. What do you got a deal you gotta get lost. I've got a deal and again but no cat What's your deal, the deal is forty two units, forty two or twenty two okay, forty two two units: the ad price, is twenty five million; okay whoa Forty, two, twenty five million; ok yeah the third area yeah yeah. Well, okay, number one number one! Just in fairness to you. I don't know that market okay,. is it. Are they.

Twenty five million divided by forty two- that's, six hundred thousand a door- okay, well who's, gonna. The rent the Ritz Gonna have to be. You gonna put that on this right that about the report, which is the eminent, a half million. Ok, ok, Yeah you gonna, sell these you trying to sell these. Are you gonna run. Longer random. Ok you think you need to run them for the rent is actually fully occupied and it's six thousand a month, six thousand a month Yeah well you're dead, you're dead, one. You know you're dead on one units gonna be times point. No, even if you pay interest only four percent interest, only I mean your debts. Twenty four oh well- maybe maybe that's worth man, maybe I'm thinking negative. I could be negative.

Wait. I think I just had a negative moment. So how much is the debt going to cost eighteen million. eighteen million dollars worth of debt. What do you think the debt is going to cost you? You know I'm going to find. It is six interest yeah, six percent yeah. No, that's too much You shouldn't you shouldn't pay more than four percent for that money. You ought to be. You really ought to be in the low three. So can I just did a deal for three point: twenty three percent that you can't do that to six percent: You can truly get okay. If you can truly get the dead on this deal is going to be seven hundred and twenty thousand dollars a year in debt. You're saying you can get much form how much for a unit six thousand a month six thousand dollars the envoy three million a year. When I hear sport.

Two units term, six thousand dollars terms. Twelve is ray million. What do you say it is? He should then was three million now and then How much is the rent six thousand a month? Well, forty two times, six thousand and twelve. That's two hundred fifty two thousand dollars a month in income times. Twelve is three that three million dollars that's not the sure. That's your gross income, now how do that gross income you're going to probably span. You know you gonna, spend. Least forty percent just maintaining the property, those people they're going to pay six thousand a month. They want you to take care of the place you got to have to have somebody actually the tenants right now they are paying for the weak- the repairs, Thea for the utilities and everything there being everything we have. It

the based based on what you're telling me you sound like a great deal now. That being said, that being said, how sure or you are the tenants to be there in the few number one number: two: how much building do you go? You have gone on around the neighbourhood that that that, something I'll be extremely aware on remembered the same Cranes in the AIR B We beware bro, because that will put pressure on you in the market. That's what's going to happen here in America right now, with these loans going bad, for instance, there's four point two, fought for a quarter million homeowners in this country that have already Question forbearance at the end of April folks No I'm good with him. I hope I help him on that. I hope he joins me for our meeting Saturday Saturday, four million two hundred and fifty four million two hundred fifty thousand homeowners have asked for forbearance.

That doesn't seem like a big number. Does it. That really ever gonna do you lies. Is one trillion dollars were the dead one trillion. So when I open this today, the segment when I open said Haider guys trying to try. make a big gravel wealth grab right here on the kid folks, ok four million two hundred, thousand homeowners. In sixty day, sixty days ago, they were found in their house now, they're like hey, I don't fucking pay this one trillion dollars and unpaid dead. That's one trillion dollars as a lot of money. Now I'm tell You that to tell you, those homes is negative. Vibe is in about homes over the years. Might be a moment I'll tell you about a house I bought in nineteen. Ninety and three and house had been so for six million dollars. I bought it for three million dollars the market was

terrible the night, the credit and loans we were going to the savings and loan debacle. One thousand six hundred banks had gone a business business. It was ocean, I lived across the street, I had a house, it was worth eight hundred fifty thousand dollars. I have paid eight fifty I had that house and right across the street directly in front of me just to the right. There was a house for sale. It was listed for six billion dollars. Ok about that three million dollars. Figured out how to break even on my house actually lost a little bit. I don't know it was nothing. I live there for one hundred and five years watch this house for Five years came on the market. They listed it. I la loyal California. They listed it with an agent in law. sandals and new immediately. I'm still doubts little tricks and real estate. I go there are by this house. I get a one hundred percent loan. I used money. I use

that I had an account with an account with Merrill Lynch in basically a cash fund. I put up my cash fund to buy this house with one hundred percent still had access to my now. Finally, as three million dollars, so this house later sell this house live there and sell that house for eight point: nine million dollars. Are they five million dollars with no money down magic, magic? You guys can do this, this is the moment. You got to know where to look. What to look for! You got another neighborhood! You got to know what a deal looks like you got to know how to get debt, how to go to a lender, how to make sense of it. Okay It's happening right now, we're in it may be the biggest real estate opportunity entire lifetime. If you to learn how to do this: Grand Cordoba comforts, less of the comforts less or yeah? There's

Data, the jobs with what I'm share with you, a recent survey by lending tree, the found at five percent of those approved for mortgage forbearance said they would not have been able to pay if it was not for the forbearance this week, that number went from foreign a million to four point: seven: five million homeowners there they're going to the government private sector, Margaret Margaret Forbearance Programmes, that's equivalent to nine percent of all the mortgages outstanding in America and let me just say there still mortgages from two thousand eight then on up to date Why are you so negative and not be a negative? I'm telling you this creates opportunity. New analysis shows a larger share of these bars. Initially didn't get the bail out, but now they will need it. They didn't take it in March April May June July August I mean you got John, so we're

we're full lines. But let's take a quick little break and we'll be ready. When I come back from break, I'm gonna show you how to take advantage of this housing market melt down. Have you ever wanted to invest in real estate, but didn't know where to start how to find the deals? How to find the deals, how to negotiate them? My name's grant Cardone I've been buying real estate for thirty years and have accumulated seven thousand. Seven hundred units have done over two billion dollars worth of real estate transactions. I'm going to be doing a webinar that I want you to attend when you sign up for this webinar, I'm going to give you my home study course the fundamentals of multifamily four ways to invest in multifamily the mechanics of the deal finding the deal buying the deal negotiating the deal, how to get the funding for the deal? How to manage the deal and how to get Ford to ten x returns on your investment. I'll break it down and make it so simple for you, and I guarantee you get your first.

still in two thousand and twenty and it's gonna be the steal of your lifetime, and when you sign up I'll, send you my home study course- and you can actually use this so that when in the webinar, we can go over it together. Okay, I look forward to see hey. Welcome to the car down zone. Every week I come to you to talk about your money, your finances, your business, and today, I'm talking to you about how to take advantage of the global By the way this is global. This is not just an american thing has happened in Japan, it's gonna happen. All across China has been for years contagious. Basically, we built a bunch of stuff and John and that nobody can live anyway. This is gonna they're jam, packed in China, Singapore we got jam, packed phones, okay, the four Programmes are talking about

four homeowners, most of which are government bank loans. Again, the government can only handle so much of this before they can be like a dying man. How much more is come it will? guess what, when they can't take it anymore, what are they gonna do with all these houses somebody's got to pay for selling for less what they're going no okay! When a banana is going bad, it's a public or the safe way or the local grocery store the whole foods and they're starting to get a little a little black on it, a little bruised up. What do they do to make smoothies? No? Well, they couldn't make smoothie, but they could do what they could reduce the price before they make a smoothie. Okay, all right, so the payment must be made up in the future by the tenant. So let's say a guy, a house for foreign or grant in January Others say about a house or a million too Beverly, hills or new. Beverly Hills, because you can't get want to Beverly US four million do Annie.

Let's say you put one hundred and twenty thousand dollars down when you bought it or less. You put sixty thousand dollars down because some banks, Let's get alone is he's a good. Do, he'll never loses job. He works at a bank. Right is professional he's an engineer. Okay, he works for airlines he's a flight he's. A pilot he's been a pilot for thirty years angle: Johnny. Ok, here have one million one hundred and forty thousand dollars in March, on March, twenty two ND the world came to an end. On April, the ten th he was fur loaded, his company ouch. He made two payments on this house now he's asking for four barons: goes to the special services special service or now handle cm his payments or

on a million one is payments would be like I don't know, maybe a million one seems like nothing. I remember I remember when I couldn't even think about this times. Point zero. Five. So his payments are you seven. Fifty seven thousand five hundred dollars a year plus plus plus cause he's, got property insurance he's got insurance property, ensures property taxes, so upkeep solicit. He's paying six thousand bucks a month He's like okay, we're gonna be all right, and then the airlines calls up and says: hey dude you're, not ever coming back to this job. You're done it's done! It's over! We're done! we worked Disneyland parts close sober you're like you're gone; ok, I'm like! Oh, my god, what the hell is happening. I got a check for one thousand two hundred dollars. I got a check for two. Oh, I don't qualify for the one thousand two hundred dollar check because I make a hundred grand a year. You used to make a hundred grand

you understand. So that's what I'm telling you the first segment, I'm like we're gonna go get money from the rich guys these these seven guy or like. Let's go get money. Let's go get all the money from the rich people, so this thought he was, which, until he won this, this deals going to end up in servicing and will later be foreclosed on, and it will sell for four five hundred thousand dollars. What is that house worth that house is worth one million dollars you're going to see a boom? I'm telling you I promise you, you will see a boom in housing going forward So let me show you how this place out. Johnny These loans evidently walked away from while the number of new bores entering the plan has dramatically since the start of the program early, the forbearance program in early April, those that are in forbearance, nearly half of them actually made their mortgage payment in April. That means fifty four percent did not make their mortgage.

That's where the opportunity exists. So when you're, looking at all this noise, you got like who's paying who's, not paying things significantly significant, we changed in May and might worsen in June, as a main nineteen, twenty one, just one out of five of those who requested forbearance, had actually made there may payment. That leaves me with eighty percent now from half to eighty, this means about one point: four million homeowners are in forbearance today, so but take one point, four million and abide by fifty states, which you would never do like that? That's twenty eight thousand homes for every state. and you know this ain't gonna have there's not twenty eight thousand homes in Alaska. Ok, there's twenty eight thousand in Hawaii, but listen California could have how many of those two hundred and eighty thousand Florida could have a hundred and fifty thousand of these-

and in the states, get smaller Rhode Island might have six thousand, but still they're in your backyard. I can't buy in Rhode Island. I could buy here this explore one national delinquency rates which did make an unprecedented monthly job. This never happened before with the highest ever in April, was not, but but not as high as could be expected. Just twenty one percent of the bars in brands have made their made part payments which could lead to another sharp increase in the national delinquency rate. That's what you're looking for that's an opportunity for you, unless, of course, you won't owe now if you own a home and you're goin ended this this gap. now or to sell his house, the first off really gets. You should sell the house right now,

going down the road because when he makes six payments, if it takes in three hundred days or ten months, ok, that's gonna cost of sixty thousand dollars. He he should start reducing this as quickly as possible. Put on if you're a person right now that you need to sell. house, you need to put urgent, must sell in trouble and take the lowest price that you can live with right now, because this thing will get worse before it gets better trust me it will. It always has in not nine eleven. It got worse first and then he got way better. Not seven man. Nine slash eleven create a boom, a home in this country, two thousand and eight there was a big freaking down and then WHAM things just explode. That's going to happen here as well, because when things get nuts like they are right now, people want

where they live to be their sacred places. They will. I believe this is in. It will end up bad news today will end up being a boom for housing in the future. A quarter of the people that were in forbearance said they could have paid their mortgage, but would would have needed to skip other bills like whole boots guy. Seventy percent said they simply got forbearance because they wanted to enjoy some of their time off. Can you believe that those people are only sellers interviewed, you understand their just doing it. To put it off. I ask for forbearance on my place. Okay, the banks like give it a you just gonna end in the back, so I got three months: a relief three out of four people said they felt at least a little guilty. I would be one of those three people three out of four, so these states

are hoping the government's hoping that people are going to do the right thing and if they can pay, they do pay but hey. What do you think they're going to take four bearance and look at the money's free they're going to take it just like food stamps? Give it to me I'm going to probably take it. Okay, when the government's program first came out through the Kara, the federal coronavirus relief package, there was an outcry in the industry because they Guideline specifically stated that bars did not need. Listen to this. I didn't need to prove financial hardship. To get my three months, I happen to have a relationship with my bank. All I had to do was call and they said yeah just stack it to the end. I didn't even need this care package. It's not like. We took advantage of that. Okay, but other people had to go through this thing and it required how much paperwork just not

how about not? Now, let me ask you a question like with people. Taking advantage of this cares act and all this stuff the government is doing for them. Do you think that there's going to be like you know, if, at the end of the road waiting to stick you, if, if I get three months off When do you pay it? If you gotta pay it all in one month? That's problem, so we he's been trying to pay their mortgages are now trying to extend the point of all. This is you're in good shape, and you don't need this. Ok, you did it whatever you're, not honour system. You know what you want to do. You dont want to protect yourself, three payment. You want to go by the neighborhood. You guys think it. While no matter how smart you aren't, you think small You just a smart small person

on the other side of this, as american taxpayers spend trillions to blunt, the coronavirus economic carnage, because this is really tied in with Johnny's question- I believe, we're going to see inflation to home prices. What will happen is if people push all this off. All this money mounts up. Seven trillion dollars has been printed already. People be able to pay more for for, for. So when, when one million one hundred thousand dollars okay used to call me eight percent now cause me four percent, less say one day cost me two percent less they dont drunk, comes and says, and he will Hey guys, we're going to take the interest rate to zero he's already trying to get this approved, we're going to take it to zero. and by the way, when by your house for one million one hundred thousand dollars we're going to give you a tax relief, we're gonna. Actually

Give you a Dutch I remember when I was growing up. If you bought this actually go right up the whole house, guy two thousand twenty, the houses, one million one hundred thousand- let's go to to in twenty two, the the The corona viruses gone people out where mask anymore. Things are cool, but there was about the same for million houses that end up getting upset the Apple Cartier, maybe tumult maybe a million up, maybe just five hundred thousand. Those homes got sold in this cycle right in this cycle that home now, when I go to get a loan on it, it's not eight percent. It's not four percent interest. It's not two percent of zero I'm like dude, let's go and pay one million, seven hundred thousand dollars for that house. That's inflation! Ladies and gentlemen. Okay, inflation can be good for who people they don't assets gave you taking notes the only benefit of inflation or those people for those people who actually

own assets. This was supported by a large yon cheaply MR the National Association rulers, who foresees a path from today mass of government spending too spike in inflation. In perhaps five years. This won't happen right away, but it'll happen overdue. Good out, Johnny Young predict overall inflation will land in a range of forty seven percent. Seven percent on that is seventy thousand a year for you ro as two hundred eighty thousand. Ok. Ten years is seven seven hundred percent. Seventy percent- I'm sorry seventy percent or one point one billion dollars- makes you six hundred ran. While what have we had to income? along with it. So many economists and market watchers anticipate no return to inflation, but if young is- and I don't know that we're going to have inflation need frankly, but if he's accurate, it could force consumers to reshape their expectations, about markets rates, home values and

It's a property sales. This is what I think is more likely to happen at the Trump will come in with some tax benefits, reduce the Federal Reserve down to zero and that by itself is going to cause that the price that the price of a house go up, because if I borrow a million dollars at four percent or a million for it, zero percent, it's probably the same payment. I don't care okay, However, things turn out. However, you want them to turn out folks. This is what you want to do. You want to start buying real estate. You need to start shopping real estate. You need to start looking at the on but only a real estate and it's gonna be on every sector. It's gonna be retail, it's gonna be homes is going to be hotels and it's gonna be apartments. They were. There will be apartment owners, they cannot play the game, the start, some of our colours Johnny. Do you have a deal, but do you have a question? You get it win in little rock Arkansas Edwin, what's goin on body,

I had a question about floating rates. You once had did that before on a deal to let the debt float, I want to ask you for distress properties, because they're not doing a lot more anymore, they're doing secure overnight financing yeah. Would you think that'd be a good idea for strategy wise to get into a deal as far as limit float a little bit before. Yes, this is a great question and I'm a coward, so I've never floated debt on two deals out of maybe thirty five and it was you ago it was a Wells Fargo Loan, it floated it just sat there. Everybody said don't flow, because if you float direct greatly, if you float a rate and rates are going up, it floats upward it just so happens in the last ten years, rates have just kept popping down, but it's scary man. It's it's! You know

How much fear you willing to handle? I can't handle a lot of fear. I don't go on roller coaster rides. I don't like the way it makes me feel probably would if my kids wanted to go, but but with money man I just most of our debt has ten years For instance, some somebody was like card one's gonna go bankrupt, he's got a billion dollars worth of debt. One point one billion to be exact, please this cut me off of a hundred million yeah. Let's get the fact straight: okay, Seventy four percent for percent or less and most of its interests. Only the soonest any any it expires is like six years from now, two thousand and twenty six, and most of it doesn't expire until two thousand and twenty, so I That means that means by rate, does not change. My payment does not change on a month to month basis, any time so watch what happens if I get inflation you're on a six Revalue, the property goes up, but debt never gets inflated.

get get that my one point: one billion dollars won't go up. I would love for inflation. I pray every night. Please please, please bring me some inflation. The only question I have for distress, property, yeah. Our men belief stabilize right now, yeah imploded there for two years, but that would have me without still a little bit, I'm with you, I'm with you and that's when you would do it right. Let's say I'm buying a retail center. That was twenty million dollars, and now I can buy that retail center because it's forty percent occupied okay, I'm going to be like okay. I want to buy this thing for twelve million now, but I'm going to cash flow. It the forty percent occupied our myself ten or twelve percent a year, and then I got it figure out what I can do to get from forty percent to eighty percent, so he's like I'm gonna have to fix them stuff, so eminently probably go at two or three year

loan, it's gonna be a lot harder to get their loan, though see with it. With this distress of three things come into play. You gotta know what you're doing number one number two you gotta have some money you can happen have some money we're gonna have to have some investor number one you gotta have management operations to you. Gonna have to have some money and three you gonna have to have some level of credit and or is a sponsor that had credit, so you don't like. I had a god. Do this with me back in the mid nineties. He had no credit, no money, but we still did it because he used my name. My sponsorship. If you want to learn how to do this by distress, deals massive amounts of money, can be made. I will be buying distress deals and yes, sir, I will probably use adjustable money for twenty four to thirty six months until the deal stabilizes. Ok, this

last investor that called then he knows what he's talking about, because when I get this thing back to pull back to eighty percent, by the way I never have to get a hundred. I get back eighty percent, at twelve million, are paid less nap. four million dollars down. I raised raised from investors, we financed eight million. I don't want long term. I do not want long term debt on that deal. What I want to do is in two thousand and twenty twenty three go back to the debt markets. When things I'm when a boar against twenty million get along for twelve million. How much it I pay! Twelve million dang, I'm out, don't have any money in the deal thanks to a Mamma they gangster, they call it real estate anybody can do this game folks, but you got to know what you're doing. Okay, you got to know how to talk the language. You got to know what you're looking

for the training I'm gonna to give this Saturday this Saturday, by the way, Saturday noon, twelve eastern standard, I'm completely free, is Grandcourt on Doc imports, flash or no credit card require no subscription necessary. All you gotta do is registered record under comforts less. You will listen to it and use it live I'll. Leave it up for twenty four hours. The number take it down so use snooze. You lose you wake! What's good something wrong. We wait and you know get don't to say: don't wait come in watch this real estate year? If you wait, you care parties, look with the amount of money that we presented: Justin printed more money in two months, we print of my entire lifetime on sixty two years old in my daughter's friend called me. An old man last night play monopoly. She must not know. Okay. Next caller, you got my

from Virginia MIKE was on nobody else hey man. How you doing. Are you calling me appreciate, appreciate your listening to the show yeah, no problem, man. I got two questions for you if that's okay, okay, so the cash flow from an apartment. Building that you own is that tax, The cash flow from an apartment building. Okay, so let me let me just show you how that works right. So, let's say this Bad deal for nine million dollars two million dollars down finance, seven million and that's the two million pays me two hundred ran a year, so the nine million dollar property. I manage the property. I got seven million dollars worth of dead on the deal we two million dollars down and an after all, Spencer's and the debt and taxes and everything there was to

and ran left over. This money would be taxed, but but but let me finish- but I'm probably because there's a building involved of the nine million dollar purchase. They say so, million dollars of it is building. and three million is land that six billion dollar building gets depreciated and because it depreciated. Your account is going to send you something that says. Yes, it is true that you earned two hundred thousand. It should be taxed However, we're gonna write off four million dollars on the property. Three million dollars and the property, because the building should get depreciated too big tax loopholes it's all bs and you're not going to pay taxes on the two hundred, in fact you're going to get a probably gonna get a refund for earning two hundred

yeah, it's gangster. Look. We have. We have a lady, she invested. She had a tax bill last year and a half million dollars and million dollars and because she invested money with me, her tax bill was reduced to half of that. The tax bill was not because the way by the way, her investment with me two saved her two million dollars in taxes. Or six grand that's how you get rich folks. You got another real estate, okay, next color, no! If somebody's writing me here, saying, hey man, do you think home prices are going to go down? One hundred percent they're going to go down for the next six months? We got Kevin in Atlanta because you're not going. buyers in the marketplace. When there's no buyers prices go down. Evan. What's going on, you got to talk. Johny, the camera, the Scott come on Man Kevin in Atlanta, yeah yeah. What's up, hi grant?

I'm a land planner and a real estate agent. I'm around all these types of things. I make the development plans for all types of development, I own property in Ashville North Carolina. I have a house that's worth about three hundred and fifty thousand dollars. I have an office space, that's worth about four hundred and fifty thousand dollars. I own four acres, that's worth about sixty five thousand dollars. I have zero debt on all those pieces, except my house. I owe about forty five thousand dollars left on the mortgage on that, with being so close to the action on all of these things and drawing plans for development where I'm making other people millions of dollars. How can I leverage what I've got to be able to get into some of the things that you're talking about all the time, because I know how to make the plans. I know how to make the good decisions but

I'm on shore of how to use what I've got, because I get duck getting my paycheck problem. My landscape architecture degree worth that we are hearing company yet so do your office, your office building, you have you paid for that is paid off yet so look here, The wood which are, namely that of bacon, not if not a building at the opposite, they were put that I'm running out right now, but I'm cabin take a lot. Kevin. I thought you owned it. It's worth four hundred and fifty thousand and you owned it. I do own it, but I'm renting it out the office space. It's not an entire building. Oh got it. Okay. Well, the number one broke you got, you gonna learn how to use debt- like you're, not going to do and you you're a coward, you know somebody. Somebody in some worm got in your your and said: don't don't use that pay everything you you shouldn't be paying everything you can't get get rich without hey.

That doesn't mean you need too much debt. Okay, you get in trouble. These people are going get get trouble because they got too much debt. can't get to freedom without debt. It's impossible. So all the big boys use debt. what I would do, what I would do, would sell the land I know you're not like it. What I'm I'm about to tell you probably not gonna like like you need money. You need some money. You got good credit. I know you got good credit bet, my life, that you got great. Credit, you pay everybody never been laid on anything in your whole. Damn life and and. But you gotta learn how to leverage debt. So I'd like that three fifty two For fifty you got a million dollars, you probably how much money you gonna retirement again do on grants in our I got like one hundred and fifteen thousand close. I don't even know you so and I know you said known: some cash got some cash, the bankers. You love wells, forego more than you love yourself. So

You got a million dollars in in liquidity right now, you can get your liquid. Because you can't sell your house today, you people can't sell the office and nobody's gonna buy the four acres of land. You could bar against those things to leverage you should A former. You should own four million dollars for the real estate right now. You're good credit will help you. Your experience and management would help you. If I will you join me next Saturday, the Saturday come and join me. You should be buying stuff in your marketplace. Right now, there's You could buy because your credit history, when no money down that's gonna, come up there. a well Spargo deal in your market that that well, Fargo would rather have you on the loan. Then the dead beat that debts failing with the property it thing I get confused of is is the difference between the residential lending birth to the commercial lending. I have all the faith and the help

and it seems like it, gets split up like nobody wants to deal with both like they're like oh well, we don't deal with commercial. What number one you know you ought to see if you could sell your house pick up three. Fifty right, I know you're not going to do that. Your wife is not going to let you The office I would try to sell that office. I get my four hundred and fifty there's better deals in the marketplace than that happened. Didn't then that office, by the way, I I don't mind taking I don't mind taking a little hit on an office deal, you can lose fifty ground. Your office right now, sell it for four hundred and go steal, something for a million or two million, or three million of four million I'd rather lose fifty grand on little deal and go save myself. A half a million on a big deal: okay, okay, I'll see you Saturday. Alright, I think that's going to help you a lot. Okay, look! This is happening to every sector, folks, every sector. This is happening every

the owners of hotel billings across the? U are failing to make payments already a quarter. mortgages are bundled in debt. Deals last month is measured to slow the spread of corrupt. Correct Corona Korea's corona buyers shut down the marketplace seventy six percent of hotel properties or see em bs loans that I referred to in the first segment does by J P margin in more. The share was ninety five point: eight percent paid: that's already dropped twenty points. There retail sector. The number of up today bars drop from ninety six to eighty. Eight one month is going to continue and I'm balmy shop of force, retail, The Mall of America Johnny, you know the Minnesota, all oh yeah,

paid their mortgage in two months really, and how about this? How about this? You want to hear some fountain blue they're, asking for time times: Square Hotel, West forty street there's a thirty four point: eight million dollar loan it matures in two thousand and twenty three. It couldn't be a worse time to mature alone, I mean worse, would be this year, it's already with a special services, the Palmer House in Hilton in Chicago the famous Palmer Palmerhouse. I've eaten there eight or ten times. They are three hundred and twenty nine million dollars go into the servicer, the Hilton property in go the soul loan that underpins that is a Jp Morgan Bs Loan is triple rated B. Not good is followed to seventy two percent: seventy two cents on the dollar in the first two months of this event and wow, you could own the Palmer House Johnny, you have your own chef, there,

nice I'll have you over? Okay? Why am I telling you all this? This is your moment. America. This is your time, weathers, housing or hotels. Imagine imagine all the hotels in America, the holiday and the he the reticence Imagine the hotel is the forty million dollar hotel down the street, or maybe two or three of them- maybe four of them, maybe you're in Indiana, and you want to buy four hotels and they they were. They were worth forty or fifty million dollars, and now you could buy them for eight million for the bundle you could become a hotel or or maybe the shop, center, the script centre that you have been driving up and down Cincinnati up and down you now the city, you know the location, you got car dealers on both sides that have always done well, it's the best location, best properties in the market. You know it okay, so it was ninety percent full. Now it's going to be forty five percent full and you figure out a price to pay where you steal cash flow. At forty, five percent

full and then it goes back to eighty or ninety, because we will we always come back. This is America, I say America. I say America. We coming back. if you learn how to do the debt, learn out about the deal, learn what price to pay learn, how to figure it out, learn how to talk the language quit you doing your job every day, Could just must also be a good engineer. You have to learn how to invest and that's. Why do this every week? For you, the Carter So how are you go or not? Investing create wealth for yourself in your family. She can take care of you and your family. or when you're done your body expires. You could continue to carry your family, your community, your charities, people that are real estate people than invest long term for real estate? They know how to use. The leverage and know how to use markets. They know how to mass cycles.

don't get scared and understand well MA. Am I to buy some real estate at the bottom of this party. Okay, here. We are right here. We have two thousand and twenty, and this thing goes like this: and then when we're done. It goes like that again unit, good spot. My name's grant Gordo. I hope this helps you please. please give me an email rock at grant. Cardone com. If you're listening on serious accept business radio where everyone? come to your talk about your money, you're funny as your business. I know on top fast, but I guarantee, if you stick with me, stay with me You go I'll, show you how to get your money to last forever. I've been doing this for thirty. Five years. I've learned it I'm a privately health. until we have almost two million dollars where the real estate today the cash flows. You deserve a part of the american Dream and the american dream is not just owning a home.

american dream is I go where I want when I want for as long as I want you deserve that part of the american dream I'll see you guys next week do you have money sitting in the stock market and you're worried about it or worse? You have money sitting at the bank earning less than half a percent. My name's Gran corner on the founder C of Khartoum capital dot com. For the past thirty years, I've been investing my money in my family's money in income producing properties. These are real assets, real properties with real addresses that produce real cashflow accord on capital, weep qualified investors who love real estate with a turnkey solution and want to put their money to work in real estate, but cant find deals. Don't have the time to get the funding for the deals and the last thing most productive people want to do is managed real estate.

The deals. I fund the deals, and then I manage the tenants, the termites in the properties partner with me at Cardon capital COM, that's card on capital com go to card on capital com. If you love real estate, you're a qualified investor, you like the idea of passive income and believe that income producing properties will appreciate over time. I go to car on capital com, that's cardon, capital com. Again this is real estate. Investing made simple with grand card on Subscribe, great and Keith yourself, and your money growing at grand cardon com forward, podcast,