Do you have money sitting in the stock market and you're worried, but it or worse you have money sitting at the bank earning less than half a percent. My name's grant Cardone I'm the founder and ceo of Cardon capital com. For the past thirty years, I've been investing my money and my family's money in income producing properties. These are real assets, real properties with real addresses that produce real cash flow at cardon 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 get the funding for the the deals and the last thing most productive people want to do is manage real estate. I find the deals I find the deals and then I manage the tenants, the termites in the properties Parton with me at Cardon capital COM, that's card on capital com go to card on capital com. If you love real estate, your quality

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 com. 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 card is changing the game of real estate. This is real estate. Investing made simple, again yeah it's done one grant Cardone right here to show you how to get into the real estate game. Look if you got dreams, your family's got dreams like my family's got dreams. We were dreaming this weekend and the one thing you got to do to have a dream. Is you got to have a dream? The second thing you got to do is you got to not be desired.

Dragged about the noise out their supposedly our boy than the Irishman, Connor Connor's recurring? Not bitcoins going two hundred fifty thousand, probably not today. We want on the police? Now, ok, new thing going on deep on the police, I say before we defined the police. Less need funds are in the ass. and then the corona virus, I don't even know where the corona virus went. I think everybody completely forgot about whether we had a virus serenity think we had an actual virus. Sabrina thinks the whole thing was a scam right from the get go and she's like Papa. Look. If we're gonna have a corona virus, let's go to some great house that we have Somewhere out in the wilderness, when the second round of corona comes called Castillo Johnny can I can you show something on Sabrina? And I we do this on the weekends, my wife, the kids,

we go on the internet and we look at look at home. So gay. Let me see I'm asleep. I can show you this great place. She gets so exciting when she sees this place where we're where's the website for oh yeah, there's called Castille Creek retreats look to dream to dream and everybody wants to have a great place to go to the weakens. I think we all have in common light one day, I'm going to go to this great fantastic vacation place or this house, or whatever I'm going to show you this resonance. It is just breathtaking dang, four hundred and thirty acres got a million dollar bridge the places a ridiculous again it set out here which has played a video Johnny. Everything starts to dream. Folks, gotta have dream verse Sabrina wants to play so bad, ok,

Is it is, it is a bug in our Johnny a little bit. You d, never man, connections, making this place look bad, but it is so super fantastic. Why would do that to me Johnny? Why? Why would anybody do that? To me her Sabrina get out the shadow gay displaces, fantastic, the place that you want, I'm sure it is is you know, would be even better than this. Is somebody bits so many photos here. But look dream is not the problem. It's making a dream! Reality! Look at this joint, that's a million dollar bridge. They cut cut it through the trees, rather than lowering the road down to the ground to base. Can you see that written that than the bridge? Their John G? I can hear you John yesterday. We talk like

radio guy John John, you got a radio face wave, so this is. Why am I showing this to you today, because this is real estate? Folks Monday, we talk real estate on the car one zone and nothing nothing with all the disagreements in the world today, I mean, I learned, can't come on the show without where am I apologize in advance? T shirt, because I know I'm normal say something to offend somebody today, but there's one thing that brings all together, and that is the dream of owning some piece of property, something something

where we can live, enjoy our family grow, our family, be a peace, beat be happy. Real estate has been that thing for me that for years ever since I was a little kid, even eight nine ten years old, I used to ride around in my dad's car and my dad would tell me in real estate. It will never let you down down. Okay, when you grow up, find a pizza real estate, buy a pizza real estate, be the landlord own real estate own something real, and today I took his advice. It took me a little while to get there, but I started buying real estate so every month, every week, I spend today talking to you about how you can go, get your piece of real estate. Today, I'm going to be talking about how to buy a duplex we've had that we've had people ask us to do this show multiple times how to start how to buy a duplex.

so if you're looking it up on the internet, this should search really well duplex two units do do not one but two. Okay, how do I get two units? Actually, you could establish this to two. You can go four, you can go three, between anything four and below two zero. You can probably get a three percent loan on okay and that's why a lot of people like to duplex game because they're like it's easy to get a deal, it's easy to get. can live on one side and ran out the other side. You probably won't do that. You'll change your mind. Halfway into the deal gonna actually go on Luke NET right now and show you some deals in Johnny. Will this show part in the corner and part me? Yes, sir? Okay, beautiful John, you got sound. So I went in a loop net and I said: hey three units or let me just go back and show you what I found I went to Loopnet I picked a city. South Carolina picked the state actually boom. All these

this pop up, seven. Ninety eight Webster one point: five million too big for oh to North markedly Street five hundred thousand ten thousand square feet to big thirty to you, on an Anderson Florence, four million dollars to big O three units dirt nine Woodrow Street there's a a free service called loop net three units louts over over landscaped nobody's that's good. I can make money right there on that value ad in this case is a value subtract, not a value ad, actually just go, trim, trees and- and I can make money that's what I talk about. I can breathe on a place and increase the value of it. could something you want to look for that they're. Just not paying attention to in this case are not paying attention to the landscaping order, not spending money, extremely large, it's written realisable upset.

On the rents and under utilised oversize lot. This particular property may benefit by up to twenty five percent: saving some property taxable value and taxes. Ok, somebody didn't even right debt write. So this is probably a self manage property, Okay, that's how you do the deal. I'm gonna show you how to do this deal by the way. This might make a little money on this deal. Somebody's ignoring this. Another ignoring the landscape, it is so easy to walk out. There just trim the trees. I mean it no brainer. So if they're not paying attention that, what else are they paying attention to if you can't clean your car out, I guarantee your kitchen looks the same way. You can't clean. Both those up your office will look that way because your mind your mind: is all messed up. That's why you don't clean your kitchen or your car or your. As the german user. Ukraine's your letter had creatures of habit. Do it you're? Not you. You got bad habits. Ok, I'm lookin fresh! Today, that's life. A ruin in here did that That's nice right! So what we have here is a two three bed.

One and a half bad units. It says it has twenties, thousand seven hundred dollars worth of income. I think I can operate that for seventy percent. Thirty percent of its going to go to expenses, so I'm basically going to multiply the gross number. The gross number now these are bigger deals. Have you heard me talk about three hundred unit deals when I go from three hundred units to pour units are to you and you're going to see me change the numbers so don't hole. We back to my sixty percent numbered that are in the show. I'm gonna go to seventy percent because I'm going a self manage this property, seventy percent a tool six seven should be somewhere around nineteen thousand bucks. It's going to be about seven thousand eight hundred dollars for expenses, and, let me see, let me just do the math here. See if I'm close? Twenty six, seven? Twenty six, seven times, point seven? Eighteen thousand, six hundred and ninety dollars? Okay, now

How much is the property gonna be? I think they want three hundred none. So for the property, is right. Price per unit. Two hundred and three grand. there's a thing called the one percent rule. Ok, paying a hundred ran a unit thousand dollars a unit if you can collect one dollars, in this case one percent of the hundred grand you're. you got a good deal for sure. Ok, I know I can go below that. Instil good deal. This called the one percent rule. If I can Sunday for a hundred grand unit. In this case this property. They want three hundred thousand dollars for the property, That would be three hundred thousand there's three units. As a hundred thousand a year If I can get one thousand dollars a unit which I don't think they're getting that here, there's two units that have four five hundred square feet: wow. I don't see why you wouldn't be able to get that much. Let me just find out what their rent these for. I could call the Stevenson group right here and they would tell me

The sea, what they're saying about the Red in our number three hundred and fifty eight sixty five, eight thousand six hundred and sixty eight. While I learned this while I find out USC downtown Columbia, provides stable investments, low vacancy rates, well, let me just do the math. Ok, I don't know what the rent is here. So ominous can take the twenty six thousand did they gave me that peace, a data, twenty six dollars divide about twelve divide about three. when you six thousand cigana, how do the math folks, ok real estate, is about multiplication into. It is not about adding an subtracting if you're gonna, add don't do this game. Ok, just go. Do some other dumb game That's the problem with America. The middle class American never learn how to multiply They learn how to add their great at adding in their super greatest dragged me. I gotta reduce my expenses. If you want to get rich, you gotta multiply

Why Jason said that's? What do you say: Sabrina one million two million three million four million twenty million and so good at man, because he found learn how to multiply twenty six thousand divided by twelve divided by three, the the property of seven hundred and twenty two dollars a month. These units some of these units. Some of these its are fourteen hundred square feet. There's no reason for anything to rent for seven hundred dollars. If it's four five hundred square feet just doesn't make any sense at least to me, unless the interiors look like the x here, can you show the property again? John? Yes, sir,. See they kind of do don't they look at the backyard backyards completely just completely ignored. If you do that, your girlfriend she Willie guy. She believe she should leave. I don't know why she got involved with you. Okay, front doors, ignored the kitchens

I've been rehab gazed at all sixties kitchen, is you're never going to get an increase in rents their like Chattahoochee, The way the next person is not going to want to buy this place either so you're not going to have a lot of attention on this. This asset right now you're going to call Bro poor, yea and say Brian. I love your property. I want your property. You gotta, learn to pitch amount to be spent in time tonight on our mentor call our first for weeks people on how to buy real estate. If you want to join me for that you're down to like six hours to do that, grab it grant. Cardone com invest, Grant Cardone COM, I'm gonna teach you how to invest in real estate, so your first deal is going to make you money. You'll buy your second deal. If the first two deals make money. Trust me you're, going to end up with twenty units. You'll end up with twenty deals. Not twenty units you'll, probably go two units, four units and then you're gonna be like skip. I'm go to twenty you. In the same time, you're gonna end up twenty eight uh. That could happen this year by the way. Okay, now I'm going to show you how I'm going to make money on this deal, I'm gonna scorch this deal. So I'm

to try to buy, want to try to pay homage to try to pay. I want to tell the guy loved and EU member one percent rule I know right now. I can make money on this deal at seven hundred and twenty two a month cause. I know, there's a thousand dollars a month rent the rent there. I just need to spend a little bit of money. I'm gonna probably put this deal under contract for three hundred grand I'm going to get a thirty day and a thirty day, I'm going to go thirty day due diligence to do my homework. Really, that's going to be to renegotiate the price on a property and then I'm to get thirty days to close the deal and I'm you're going to get an extension of another. thirty days to work with my bank, just in case whatever ok I'm going to tell them: hey, I'm gonna, I'm gonna, give you thirty thousand dollars is a down payment that will become Non refundable at sixty days, I will close the deal by then these people don't know There do not them more real estate and then everybody on the sheet we're. So I know what I'm doing. I can share that intellect with you tonight on our metrical, how you

find a is one thing: how you negotiate a deal. Another thing: three, how you close a deal as we negotiate. cause I'm gonna tell them hey dude, I'm good on the three hundred seems like it's a great deal to me. It's a great deal. It's a great deal. Can you repeat after me? It's a great deal. I love the deal. I want the deal I got to have the deal we're gonna write deal it's a great deal say John it's a great great deal. Okay, we to put Sabrina MIC and let her say it's a great deal like a little boy. My name is Glenn, and this is a great deal inside joke right, Sabrina, okay, so watch what I'm gonna do. Is I'm gonna get in there and do some due diligence on the deal because, where I really want to be on this deal Where I really want to be on this deal is, is like seventy five. thousand a unit times three I really want to be at two twenty five. I don't know if I can get it to two twenty five oops.

I really want to be at two hundred and twenty five on this deal, because that gets me right in the neighborhood of that one percent rule two hundred and twenty five divided by three is seventy thousand dollars a unit. Its get is getting a six. Seventy five, rent right now. I know I can raise these rents and at this yeah, seven hundred and twenty two right, so I'm all over the deal right, but what I want to do is. I also want to rehab those kitchens. I want to rehab the exterior and clean up the landscaping, and I want to clean up the interiors of the property and if the location is as good as I think it is, I think I have a property that I rent for one thousand one hundred one thousand two hundred bucks a month, not seven hundred and twenty two dollars a month. So watch how the deal works. Okay, if I can get one thousand, two hundred, let's say one thousand dollars. Let's say a one thousand, two hundred dollar rent. I think that's fair, I mean I'm in Miami, so I mean that That's a pretty big unit right! There twelve hundred were viewed

one hundred square feet square feet to these two. These units are fourteen hundred square feet, desperate you know that sounds fair to me. Yeah of course, one unit, seven sixty four, so let's say we can only get let's say we get. One thousand two hundred for two units and the other unit we get a thousand dollars for okay, that'll, be good to have that mix in there or maybe I live in one of the maybe I live in the one unit. Don't give you good stuff away. Folks, sell the good stuff. Okay, you eat the leftovers You guys want to get rich. You dream big, you beat for beef approval in the process. Dream big, be fruit. why you're paying the price? Let them pay the extra money? So let's say I get two units at one thousand, two hundred that's two thousand four hundred a month and this unit goes on.

Thousand bucks is three thousand four hundred a month times. Twelve three thousand four hundred times twelve is going to be. I can normally do this in my mind, but after what is that thirty, four thousand plus six thousand eight hundred it's going to be forty thousand bucks, three thousand four hundred times twelve I keep doing wrong how much it forty thousand eight hundred terms point: seventy. Ok, forty thousand eight hundred twenty eight five sixty that's called my and my I'm going to get a loan on this deal. Let's say we end up with what would they want for the property? Three hundred? Yes, Sir three hundred and let's say I spend Another- let's say I pay

their price yeah. That's what I need join. Thank you. Three hundred, let's ask spend another ten thousand dollars a unit fixing it up. Okay, to fix those kitchens up, I'm at three: thirty: I'm gonna, put ten thousand dollars doubt about this: the ok about ten thousand our asset. Ten thousand dollars a garbage paper down that pieces of paper a little bit of dead on the deal aboard two hundred three hundred and twenty thousand dollars from the bank is you to get that loan by the way I'll be sharing with you. How to do that tonight. I'm gonna multiply that times. Point zero, five, two five that cost to be sixteen thousand eight hundred dollars in debt. You want debt, you want dead! This thing, I'm not your daddy! I'm not your uncle Ralph? Okay, I'm telling you want debt debt is cheap. Today, you want to borrow money to buy assets. You don't want to borrow money to go to target to borrow money to go to get asset? You guys you gotta, go debt for Christmas, you're, going deputies to Bunnybury,

we'll go in debt. When you got an asset, you go in to buy your own house, I'm not buying a house for me, I'm buying a house for other people to live in. They can pay the rent to me. Okay, so this is gonna, be what twelve thousand eleven thousand six hundred and forty bucks or something. How close am I eleven thousand and six okay? So I was off by eighty bucks. Seven sixty sorry The movies? Okay, so eleven thousand now that is a net cash flow. How much money do not put down this deal team ten thousand dollars. I got all my money back in your one plus seventeen hundred bucks. Would you buy this deal about every Neil? I could find like this. If you could get there? Ok, you can get there by the way. That's it that three hundred thousand dollar now remember what I told you I would do. I would we Negotiate with these people, no my scenario because Emma

my book and in my program in our deep dive, I'm like do not. You can negotiate the price me. You should make your decision based on the full price. If you can't make a decision to buy something based on the full price, don't don't buy the deal I can own this place for the full price and then do everything you can to negotiate by the way I will I'll do everything I can to get this thing back to two hundred and twenty five cuz watch. What happens now? Two hundred and twenty five plus, the thirty thousand to fifty five all in on the deal. I'm gonna put ten thousand dollars down again about the deal we got colors on right now, right, John, yes, sir, we're low fat terms point o five to five under the payment debt down. While I did this to fifty five, hey! Look! If I lost you here and I probably have the payments of thirteen thousand thirteen thousand three eight seven. Okay, not

I got a lower price, but my income still the same end user. Okay. When, when I got lower lower prices that change my income at all, Oh, my income doesn't change my no doesn't change either. Forty thousand my income, twenty eight thousand and five sixty between here is my expenses. Okay. So the twelve thousand dollars right here, I'm spending to take care of the property clean landscaping, Mote Place, electric bill, water bill taxes, Et Cetera, twenty eight thousand and five sixty the wrong way: twenty eight thousand and five sixty okay. So I'm going On sixteen eight one, what is this? Fifteen thousand bucks? Fifteen thousand, what I put down the same ten thousand dollars now I made fifty percent of my money and was paid back in the first year to own the property. Would you buy this deal come on, come on call your grandmother

g. You talked about all your grandma call. You grandma said grandma, I need ten grand and I need you to Co. Sign the loan for me like get a loner got bad credit. Ok, what could tell me? what you don't have and tell me that got dreams. Ok, tell me. that's some dreams, that your kids, how many pages last night did you read Sabrina, get go back to my dreams, baby! Ok, What would you should get you got? You guys want to live in the property you gonna pick the best unit out for yourself. I got dreams, see that property right there, How do you go about it? Ok, how you go about his bees? Second house? in the mountains. When you know you should it's ridiculous? Okay, nobody needs this Sabrina wants it, though, look how about all this equipment right here I can go snowmobile in this week, dreams maybe drinks real estate, can make your dreams come true, so

it's Sabrina when we were looing this I'm like Sabrina, like I got to figure out how to pay for it. I can't just buy something because if I buy it, she's like well Papa, how much is it okay this place is ridiculous. Do what do you think it is? Would get is probably like fifty million no seventy eight million. I'm like, oh, my god. How do you do that? But look for, let's say somebody. Let's say somebody gives me seventy if Anne gives, Seventy eight million is grant you buy it. I still got to take care of there's five people that live there. There's a to build a water builders taxes every year there's a million dollar bridge is got to be taken. Care of their snow has got to be removed like it's not just buying something, it's keeping it now. How can you do this? You can't even knew that. Would your job forty, people lost their job unexpectedly in March they're, like oops, lost my job. Keep your job. How are you will keep your house because you guys don't plan what what

happens. Is you think the world is a nice place and it's not? This planet is brutal brutal. I a brutal place you have to get assets, assets that cash flow or the only thing that's going to take care of you. I just showed you two two units in show: I'm I'm to show that was a three unit deal. We need changes to how to buy a triplex, how to buy a triplex, again- I want to show you didn't like today. I must show you're sixteen unit deal and tonight is the first, a boar weeks where a mentor and exclusive group of people Buying deals finding deals, best markets, about the deal, how to negotiate the deal. How would I get a seventy five thousand dollar disco window? I go Horridum on thirty thousand in this Neil there's. So much this one example the I shall be asking me about right now. I looked on the internet this morning pulled up South Carolina. Give me any city in the country and showing your backyard show you away to make a million dollars. I would keep this

Property one year watch what I'm gonna do with this property. I would clean it up. Landscape manicure, make it look perfect. I'd get some long term tenants in there three years and I'd go back to marketplace and say: look what I did to my deal here: okay, gross income, Forty thousand a year net income of sixteen a watch. What I'm about it sixteen a to no I'm going to go to somebody and say hey. I got a property that can make you eight percent on your money. How much was the nor it was fifteen K. No, no twenty! Eight by sorry about that, twenty, after a short sighted twenty eight Bob without me, raising the rats by the way, twenty eight by the bad about point o eight. Let me say that we see no one knew. I changed the Ritz didna. Is this? What thousand dollars.

What I say: thirty thirty, four hundred thirty four hundred year, thirty four hundred, so I'm gonna go back and say to the banks. there's my no! This is an important number. Okay. I was getting confused here with these other numbers. Twenty eight thousand five hundred and sixty dollars divided by point zero eight, since the property is now worth three hundred and fifty seven thousand dollars three hundred and fifty What did I pay for the place? I'm going to try to pay the two twenty five plus the thirty okay, two hundred and fifty five, I would be like wow. Do I sell it here? No, you wouldn't sell it right here. You just keep getting the cash flow. It's going to cash flow forever. I might go back to the bank and say: hey Bank. Give me a give me a new loan on this deal with three percent down or, and they would be like a shirt. Ten thousand will give you three hundred and forty seven the property would not paperwork to activity.

I could actually get a cheque for seventy thousand and still only property and still get the cash flow. The new without asset- you cannot go to the bank because you job and say, give me a loan because I work hard. It doesn't work like that callers, a real estate, the producers income. We get Edward from Little Rock Edwin. Do you have a question or you have a deal by the way I found a deal in little rock that that that I want to show you Edwin. Oh that's, awesome! Man! That's awesome! What's going on, I have a question about our family, all the s when it comes down to the due diligence, because one where the first deals are going to be traded as going to be at the institutional level. First, It gets down to the bottom people, so I wanted to ask you more about that. What's the top five things you're looking for, because it's going to be a little faster than a normal due diligence period,

it's gonna be faster, what what what was going to be faster, say outsail, be best, because everyone is loading up four September October October November November December, In order to show that we have played a guy like that, we have played a guy like you still in art, and I went out at the end of the year. So I want to ask you about that for multi family Profolio. What's your biggest thing, a you're looking for it was the number one thing I'm looking for on due diligence. Are you talking about the physical physical part of the property. Well, I'm just speaking in general, because it's about getting the the deal you get when you when you say due diligence. What what are you first think of obstacles?

What you already have in front of you, the actual numbers, yeah yeah. That's right! That's right! That's what I'm thinking of the first thing I think of with due diligence, some people think of the roof they think of the plumbing. They think. Is it pvc or is it copper right? But really what I think about first is the rent roll is the rent, roll, real. Say that three times is a real, bad, real, real rural, real zero real pay attention, You have a chance to learn how to run a billion dollar empire, pay attention, constant red appear, pay attention So, due due diligence, first, I'm look at the profit loss statement. Okay, I'm going to look at rent role Am I look at what what they have for expenses, what they have for what they ve done for rehab we ve done so much to improve the probably really show it to me. Ok, show me what you ve done. Show me what

you ve gotta get then I'm gonna also look at the physical aspects and the property. This could include leases here, the physical aspects which is gonna rough plumbing water. Anything to do with the running of the property boards. Citing paint landscaping. I'm looking for reasons to buy a property by the way when I'm doing due diligence, I'm looking for two things, reasons to buy the property and reasons negotiate the price. I I'm never looking for a reason not to buy by the time I write a deal. Let me ask you this, though, when it comes down, because you know what's going to happen before the bank gives it out to these actions, they're going to give it to people like you first. So that's my question. I really want to get into because sometimes when they give you it's not necessary the best link. It's not a go out. It's not good! Sometimes yeah so you're talking about distressed properties in October November because of the economy, see this two unit, the two to four units.

three unit, the smaller units. That's what in that, going back to the bank worse, these big! properties he's around? They don't go back to the banks, the banks, Senegal, to they're, gonna, call blacks, cartoons goin undermine you, one is deals there can be like yet, but I got a phone call Friday. There's a big group here in town they own big ships. You know the name of the company I do okay anyway, they call me in and say: hey man. We got a six fifty. We have to sell it. Sixty gulf stream, six! Fifty because the company is in trouble, so they need to cash out of assets. They don't they don't need to advertise that they're selling a plane. We got two of these we'd like to rid of kind of quiet somebody's like I know, a guy, so you're you're like how do you get in LA yet you need like hey. I'm come in here you, you, probably, if you're looking to buy something distressed like you need to keep your do diligence down like seven days, What I'm problem yet lingo hard like hey

seven age, you need to run your run over there and you need to do everything you can, because your butt and cheap anyway, you should be buying on the cheap, you're gonna. Go there. Okay, the roof's going to cost me twenty grand the plumbing is gonna cost me. Twenty grand the board are going to cost me. Twenty grand, the paint's gonna cost me twenty Grand Sandy's going to cost me. Twenty grand the tenants are garbage whatever right and then it's going to be vacant for six months, you're taking a chance now about a about a three hundred and sixty deal. What for Eight million dollars, output or four hundred thousand dollars down it was a distress deal two thousand in just like you're talkin about in North Carolina Charlotte North Carolina. I put four hundred ran down a flu in on a red. I walked the property that day had a country in their hand, two hours later said I'll pay this much for the property I'll go hard in seven days. I was in California the time I'll do everything I can to get my due diligence done seven days, one of the buildings.

burnt. Ok, I wouldn't did my math three hundred sixty. I don't need a rent role You got to know you got to know what you're doing here. I don't need anybody to give me anything to figure out what something's worth. All I need is a computer. You give me a computer, you give me you give me map. Now, okay and I started doing the rents here- if the rents are eight hundred bucks, if it's seventy two percent occupied, if those numbers are true, it was gonna pay me ten percent a year if I could get it from seventy two percent to ninety percent. Just by treating people right. That means the eighteen percent was all net net net net. On top that twelve percent, I made thirteen million dollars and that one deal, because I knew what I was doing. Gus join me tonight, join me tonight, this metro programme. don't you know what you're doing you can do anything get weapons? weapons and you got a gun. You gotta and you know how everything about the gun- you're not gonna, be scared that gun right. This time. Phone. Nobody scared of their telephone.

They should be. They should because you guys open it open it up and look at stuff. That'll kill, kill you right. So this the property right here. Let me show him this piece of property, whoever built this piece of property right. They want seventy eight million dollars for this. I already know this will not sell for seventy eight million. Nobody can take advantage of me, though getting taken advantage of it on this plan or people that don't know what they're doing now. They think it's worth seventy eight million and they're gonna find out not really ok, because they thought sorry at the high end of the market. What happens when you build a trophy property like this? More of in than not what people don't understand, is you lose money on these deals. Bulgaria is called the white elephant in real estate.

Apple pizza, land, and then they went over over built it. You can do the same thing and apartments with the differences. Apartments have been come. This probably didn't have any income, this probably probably going to sell four hundred and thirty eight million dollars, probably be half half. I could show you properties that were sixty million. Let me see if I can show you this. What was that property? I was looking at last. They wanted sixty million ok but he told me about it as yet they sold for twelve million dollars no market is no market. this that there's this many people on the planet there? No one about this like Bloomberg, just bought a piece of property for forty five million dollars in Meek, Colorado, okay, huge ranch, it was developed by Kkr, okay, Kravis got name Kravis Super super, wealthy family, he probably got a phone call. Hey MIKE Mike Mike, is one of the richest guys in what MIKE I want forty five million before I put it on the market. I've spent the last thirty years developing this piece of property.

Before I put out the market, you wanna bite you, the perfect family for each product, yeah yeah man here here, spheres check for forty million like throwing a quarter, often pay like here, yeah yeah. Take it Ok, he probably didn't go to market with it. It was not like there was a bunch of guy's going after forty five billion dollar ranch understand what I'm saying: ok, so Little Rock Arkansas. Let me show you a deal because I happen got little rock did I didn't know. You were going to college and I just put little rock in the computer. Look what I found okay, thirteen one Louisiana Street Department, one two and little rock and here's the property. This is for sale right now. Look at this property! This thing looks week to me once you get one unit under your belt, you're going to start looking for two units, four units: you know, you'll be looking at eight, then you gonna be looking to twelve and sixteen it's easy game. Folks. You do not have to go back to college. To do this.

Ok, you guys in New York in Brooklyn Europe. Baltimore you're in Chicago you're, pissed off cause the games, not fair. It ain't there. I don't know Are you so surprised? It ain't, fair dude, this ain't, a black white brown game. This is a freaking green game. Okay, it's a game about assets. You got to learn the asset game, otherwise you're gonna get taking advantage of arrests year like don't be a rent or be the owner. right where you live and own would you can read to other people? Okay, so this prices to two million one hundred thousand dollars sixteen units debate about sixteen. How much is that, It's two hundred and thirty one thousand remember my one percent rule Thirty one thousand dollars ignore one percent. I need a thirteen hundred dollar month. Read those things like a river thirteen hundred dollars a month me thirteen hundred this deal screams.

I don't even need to do the math to thirteen hundred bucks a month. This thing will scream. It will probably make ten or twelve percent of my money. You can't make twitch and twelve percent every year for the new Thirty years on anything, including apple stock, you just can't get there you can't tell me that apple is going to go up another ten percent this year next year, the following year, Forthhere fifth year without taking a big hit, this property is ill. You buy and you don't worry about it anymore, so this thing different than the other one, and just tell me when you got another collar Johnny. You're going to probably have to put six hundred thousand dollars down on this deal to buy by this? This this thing started working, good Johnny. I think what we have done wrong was the steel part of it was never exposed. I think you wore out to the steel part. You think you think I wore out I've worn out some things in my life, but I live in a world of abundance. The world of abundance. I'll, give me another. Stick: okay,

right, so average income in this market place. You see that within three miles adheres. Ninety four thousand average house. income is. Is forty four thousand that's. Low low income neighbourhood right tone, household, income wow. Sixteen thousand is that the number of people or the amount of money of total household. Sixteen thousand- so it looks like a kind of low low low income. So can I for three hundred if the income is four thousand forty four thousand a month household, it's kind of brutal. Is that same brutal? amid the units, a pretty nice, I think I know, but the income in the neighborhood, forty four thousand dollars. This must be Darrow peoples. This must be Donald Peoples, a brother. there there well known developers. Ok, let us talked our collars Johnny and and and see if we gotta another deal or a question are right. You got rain b

in Atlanta Randy what's going on in Atlanta, but you got a deal. You got a question. I got a doc, I'm good! How are you doing good I'm doing great mass or hedge on hold so long, but you're not start talking thing. I know a believing what I'm saying to myself get out of here, so I'm trying to get a better understanding. I'm looking at deals, kind of get a better understanding, so I got a. I got. A thirty unit view and it a fifteen how do I get it? I did say so. Give me the address it ain t a twenty three called Dr Maria report. Kincaid spell it for me. A r. I no I how to spell Marianne to spell the street. Oh.

that repeated here you ve, never Linda's property. Happy now while they like big big, that seven minutes away from ok, what's, it was. The address is eight fifteen. That's that's! The address is not eight thirteen dashaway twenty three! That's the total property address, go so its eight fifteen. What eight point three Dr Merv! Yet it s what John

Could you repeat that one more time and let's make it loud and clear, yeah come on man spit it man, my bachelor, it's eight fifteen, eight, twenty three cars, but we get it George. What's the street name, I still don't understand the street name. What's the street name, my friend spell it spell it spell the street South, something! Oh, it's stop car drive to pub drive, that's the treatment. South car drive, no south or c o b c o d notice, it p o p c a baby. Knew why you say that why do you say like on the cob why you say that man, God amen man dang it freaking me out man, you could have just said: corn on the cob grant, Cardone, okay,

okay. So this is thirty units. They want two point: four million dollars. I don't know if you're showing it Johnny, it's eighty I was in a unit. So what are the rents area? You know what the high rate is that a big being the low with it is like big baby, don't look I'll give you can get all these rinsed. Eight hundred, we know we gotta deal right. he had already environmental or to act to protect them, but under funded renovate inside in, like there's a bigger three in the bright another until thick to tackle poverty. I didn't way a little bit of thumb of foam of what the cup of some of of the money right, but the the thing is that I don't know mild like I need you might. Financing right because I'm at the seventeen th I'm trying to get more of a better understanding. Yeah look! This is kid! Listen to this kid, seventeen years old, hopefully my kids will grow up and be like him

Sabrina. I hope you grew up and be like this guy right here. This is seventeen years old he's looking at two years. Nobody believes me, sir. Nobody believes in me I I know I could do it so this easy! So like you gave me a lot of open things for that too, but yeah I'm just trying to get in the in the bot, yeah yeah yeah? This is what kids should be doing today, guys this. If you want to level the playing field, kid should be out, they shouldn't be going to school for twelve years. This is just ridiculous. We go to school for twelve years, much less sixteen years you know he could be learning how to invest in its neighbourhood, how to become a how to become a landlord. Take care of his neighbors take care of his people. Man, like people, need good places to live there, need. Eight hundred dollar, affordable, eight hundred thousand dollar mark places to live where you're taking care of their secure their protected. There's. No, please there's no bugs there's! No! You know bedbugs in

in and there's no bad bad people on this on the property and somebody taking care of and your paid to own something not just work. Someplace, that's possible in America, so Look for you to be seventeen bro! You you, even at the figure out who's going to do. The deal. You can't do this till two hundred and seventeen. I don't. I think you got to be eighteen to do a deal. I don't think of banks going to take you serious right now. You probably don't have any credit But that doesn't mean you can't orchestrated deal, meaning, meaning you would run the deal manage the deal. Take care of the deal. Do all the work. Do the sweat equity. I had a guy, a friend of mine, Dale Christiansen. He was, he was a counselor. He did Drug interventions- he didn't know anything about real estate, accept any like it any new. I was buying and didn't have the time to manage it. He manage the real estate. For me,. I didnt pay him anything, so you may

I'll give you twenty five percent of the upside once I make money if we make money, if there's ever money in the future, nude I'll pay, you then, is that ok He wasn't doing anything anyway. He didn't. Two, a ego he's like yeah I'll work for free, dude, I'll put in the time it may like nine million dollars would gain. But you got It to win it man, you guys, don't need to do anything yourself. So so I would tell seventeen you are to come work for me and help me find deals or find a guy like me in that market and you say, do put put us How old I Jesus was thirty. Three he's already done his deal Alexander, great was sixteen Alexander was great and he was doing everything you couldn't get enough everything you know what I mean you read between the lines every day, did it all. He had half the world again. Ok,

you ever a guy like Alexander to great home. It's gonna be a problem that I was crazy. Okay,. Alright, let's find, let's find the got some more colors we're load loaded? Let me just talk to him. Then: okay, man, Love is deal. I found it. I love is the Little Rock Arkansas Uphill sweetly going at John right. We got a in Knoxville, Corey, what's going on brother, come on Come on come on british colony in Dublin a long time and I figured out, I ended up getting a house sell it finance to me. So my question for you is: I got to sell or finance at seventy thousand and considering that it's so finance I was wondering. Should I go to the bank and try to get a different deal that two years the binding

is my name yeah. I would use the seller financing use the I could any place you can. Could seller financing you a great deal financing it's a great deal or you transact deal or transaction option. Well, I've already put the down I'm living in the property, I'm going to rent the bottom out and I'm living up top. But my question is it's a seven percent interest rate, so I was wondering: should I refinance this to my name, or should I buy my time with the two year and invest in another deal and wait that two years to read. So how big is the deal? How big a loans you take out with the guy? Like I said I paid down, I haven't taken out any loans: okay! Well, how much was the property? Seventy thousand the property was seventy thousand, and you you put fourteen grand correct okay good, so you finance fifty six thousand dollars

I mean look you're going to go to the bank and you're going to get a loan for it. So it's going to save you what two percent it's going to! Save you a thousand dollars a er. A thousand dollars is nobody's problem. You guys got a cool. We're the little stuff. I don't mind having a seven percent loan. I've had seven percent loans before don't don't you get it. below. Ok, but I got a good piece of property perfect, like I don't know, Deal to be perfect, who should I perfect? I and I got to sleep or myself, so I don't care about. This will be here when I do care about. Is this fourteen you put down? You don't need to have that much money in that deal you're living in that deal. Do you should build? How long you been there. About two and a half months, trying to re rehab. It lived there and then ran up the bottom and then rent the top, but I would look into should I buy another deal. You'd, like you know, you'd, like credit, basically

the another do what I will do. This is what I would do. I would get your rehab done, ok get you rehab had done and then I would go to the bank and I would refinances deal and get your money out. The did the interest rates, not the problem again, you gotta know what you're real problems or tonight I'll be share, and that with you today to redirect people rates not as issue, but that's what he's gone about. What I want to do is get that. Fourteen grand that property. So this is what I would do. I would tell you to finish your region. while you're. There is quick as you can, then. What I want you Do is I want you to get a tenant a twenty four month agreement from a lease for somebody to. tat brought me, will you figure rent for what you're done as the elite? What are you taking? Ok good, so what we know it's a deal and bet they right. he paid seventy grabs. My mortgage is seven hundred yeah. So so what I What should I do? Those I want you to go to the bank and and and on that I want you to put. I want you to get twelve thousand

dollars of your money back. and then allowed in IRAN who spoke No! No! I want. I want to finish telling you what's important you to go, find somebody that will rent rent from you at eight fifty a month. That'll pay you ten thousand. In two hundred a year. Ok, you're! No to the bank is gonna, be U banks, gonna, be thirty. Five hundred bucks month and you're going to make yourself seven thousand dollars a year, seven thousand dollars a year with with two thousand bucks down. Gonna make four times your money in your one. Now you can ask me another question: there used to be used to put up a lot of video about feel like you're, going to die every day and dealing with the stresses of life. Do you still deal with that? Do I still yeah. I think about think about day. So I How do you get past that I try not to die that day.

Best way to get through, it is to go and live. Yes said the other living brother thing beauty you you need, we need to figure out who, whose own your lines, which called on your lines, whose connected to you that that that's maybe not survival for you. You know it could be people in your life today. It could be people that remind you of people that were in your life. It could be something you just need to handle right and get rid of Today, I wonder, I wonder, going to be going to be elaborate, that piece of property- I was showing you earlier my daughter, Sabrina once and I'm like, okay. But what if I go there, we buy it five years from now. Something happens to me. Right who's going to take to build an empire for her no yeah somebody's got to pay for that property. Empires have to be defended, So you waking up every day. You waking up every day worried about dying dude. It might not be a bad thing. It might not be like some negative thing it might be like hey. I got a responsibility.

Ya, gotta live okay, so Maybe you being word about diet is like you, your haunted by this idea that you could do something great that that that's why thing about dying every? like the man. I want to do some great. I ain't gonna, yet you got the world. You got the world turn itself apart right now like over stuff. They, like I mean it's crazy. Right now- and I can't tell anybody- know what they're doing wrong, because it's what they had their attention. I just know. I need to make a difference. I don't need to have an opinion, because everybody's got an opinion. They like what what are opinions like you know: what do they like? They like haircuts they're there, one day the next day, it's a little bit like haircuts, so you need a new haircut anyway. We got Michael from Virginia yeah folks, the best way, the best

This way not to die is to live to live. The best way to change is to change. The only way to invest is to invest, you've got to start investing and it starts with investing. new my life changed when I started improve him alive. Then, when I got good image, And then, when I got the money and then what start investing real estate. So you you can change, you can improve your life, but if you don't get good at your job, if you just improve your life and go to a meetings for ever and you never improve the rest, your life guess what you're just going to be. You just gonna be a dry drunk for forty or fifty years. We ve all meant that guy he quit drink at thirty seven years ago, not been about his life is improved except his one. big awkward drink at thirty, that twittering a bag and nineteen thirty and ample dictate to give you your name. They delete my name's John in recovered alcohol and, as

oh, I am, and that's all, I'm ever gonna be because you're not working on the rest of your life. Man good for you, bro, now move on how about that car. That car looks like it needs some recovery Dan, your family needs a you mean I need some. I need some examples. Jc, look at that guy that guy recovered his life man. We would not know Jay Z if he was still flipping flipping eight balls. We started investing in assets. He talks about him all the time. All right. We. Yeah Michael in Virginia Michael in Virginia, what's going on great real estate market by the way in the right counties so uncle. come on. Man what's happening player. The boy went where wearing Virginia. Are you real, quick, I'm a monopoly?

man in Virginia yeah. I know Manassas, I know Manass, I used to make money in Manassas. Okay, that's good! My question: my question is: when I read your book about real estate, not invest in real estate when you say when it comes to the down payment. You say your role is from to to do twenty, five to thirty five percent down for the deal you? How do you know which percentage that you put down? I say how would you know to put thirty five percent down as opposed to putting twenty? do you even know you're to know first about the lender the lender is never gonna. Let let you get over your skis, that's why? So? Many of you think that this, because, because of the thing thing, everything everything, oh my god there's be so be the great Grandcourt going to lose all his real estate. You know the people who said that about me like all day

It was basically where t shirts I that they know nothing about real estate, because they don't even know what I put down you can't you can't lose a p you can't lose a hundred million dollar asset. If you put forward million dollars down if you're going to lose it you're not going to lose it this weekend,. You got! You got a little way to go before you got it all. Forty million probably take more than one or two months now How did I know to put forty million on this deal, which was forty percent, not thirty, five, twenty, eight, twenty five or twenty three The more you put down a better you're gonna, be because you don't lose anything in ruins. The number one rules don't lose. The real estate so like monopoly as long as you don't lose it. If you can keep the real estate put a house on it, ok and then put it. put a hotel on and one day if you can keep it you're. Probably when the game- ok, but but if you, if you over, if you by too much real estate too fast.

a monopoly, and you end up with no money and then the next thing that happens. If you get you go to jail and you can't come up with two hundred and you can't roll doubles, guess what you're gonna bust out and you gonna bankrupt. So so the reason the reason you to put put more down, and so you over leverage the deal deal, but the bank is to use what's called the dcr. Dcr stands for debt for debt coverage ratio and they're require that you get at least one hundred and twenty five percent somewhere between one hundred and twenty one and twenty five it might beone hundred and thirty five right now, the higher the more you put down. One hundred and twenty five percent of your debt must be covered by your no, I so So if my debt- let's say I took let's say it's- a three million dollar deal. Okay and I bought two million dollars and the principal and interest is a principal and interest calculation Ok, let's say that number is going to be a hundred, and twenty thousand bucks here is that about

on two million dollars. Yet two hundred five thousand ok, there's gonna, be like a hundred five thousand. That's gonna, be my debt. Ok! The bank is going to want my income, I in net operating income to be in the one hundred and thirty neighborhood. So just I just use that calculate and if you read my book, there's a whole chapter there on the Dcr, if you didn't get, it The book grab a video programme, you guys are meant on a mentor program. If you're involved in my mentor program, you have the video program, you have the basic intro level family multifamily, investing plus the advance which goes over oars exits leverage, how much money down? the transaction! It also talks in their about how to get interests, only loans in the video programme, the advanced programme and tonight starting tonight. At what time Johnny at eight p m

in eight p m tonight, we're gonna spend the next four weeks with schools, a group of people and mentoring programme. The websites grandcourt around our comfort, slash, invest, Grant Cardona comforts lies in best guess what it is, Cardona comforts com, invest. I was gonna put in their investment. Confidence, invest for sure, invest, Were you only make millions but the urals complicated, so we say: grant Cardone COM or invest. Look. I promise you this folks, if you don't invest in real estate, you're going to look up one day, thirty years from now, twenty years from now ten years from now and sit down, I wish I would have invested okay, my kids, my kids will look up in the year, thirty, twenty fifty! So just do the math. Okay do eight thousand units times fifty.

I started this thing by talking about dreams. You gotta start dream and you need to start looking at stuff. You could buy. Somebody owns stuff, I'm going. Internet every property in America Summit he owns it, you own it they own it. Ok, the bank owns it the city, this You don't get somebody on that real estate. So when you drive around your car today start dream of man. I could own that I could own that I could own that. Don't worry about how to own it. Just worry that you gotta get it here. First, okay, eight thousand times fifteen. What is that twelve million dollars a month terms, twelve, two hundred and forty four million dollars a year. That's a lot of cheese in income? What you don't know is that another five percent of that'll be other income, which is how much is that five percent of one hundred and forty four million

there are. Seven million dollars, comes from washers dryers late. These we lovely fees, Can you please be late this book late? These pay money, man, ok, application these? credit check, there's a business just a a business. When I was a kid when I was twenty five years old I'm like I'm gonna, be a real estate guy one day I wasn't dreaming this big you should. I didn't. Have anybody on video telling me every day go big man go big, go big, at least in your mind. It doesn't cost anything. It costs nothing for you to dream, big, okay seven million. So that's a hundred and fifty one million dollars a year. If I buy it, I have an noi of sixty percent of that that means my analyzed. Two hundred, I know Johnny. I know another. Tell me hey, let's go

Ninety million dollars in Noi, okay, okay, that point? Zero, five and you'll see the portfolios worth one point: eight billion dollars. But I didn't even hear the word billion until I was like fifty five years old, never even thought about it. What I was doing was looking at big deals a whole time. Okay, I about one unit. First start with one unit start with two units start with four units, but damage start quit spending all your time, making somebody else rich. You spend Forty hours working for somebody else spend another forty working for yourself, figuring out how you can buy real estate, you gonna, be the next foundered Netflix you going to be the next mark, Z, with Zucker Barker, you ain't gonna be in an x ray crock, I'm just here, because you're not gonna, be if I'm talking to you right now, you are not going to be the under a google you're, not one of the Google voice, your price

We're not going to be the next likely that defines the next super cool. What is it spanks banks. it's cool name. You ain't going to be the founder of Baidu because you ain't Chinese, but you could buy a piece of real estate in your town. Okay, you don't need to go back to college. You don't need to go to Silicon Valley. You don't need to know how to write code. You don't even need to be on social media man. The people that buying real estate don't even have a facebook page. You could do this

I'll start teaching you how to do it tonight, grant Cardone COM, invest it's nine hundred and ninety seven dollars for four weeks, and I give you twenty thousand dollars worth of video training introductory and deep dive, as well as my resource book, which I don't have up here right now. My resource book, which goes over due diligence Psas titles, how to do due diligence. Okay, the due diligence check and walk through the loan application, everything you need, the PSA which would cost you ten or twelve thousand dollars. I'm going to give you these two books, you'll have those in three or four days, we'll start tonight at eight o'clock. Thank you for joining today. Thank you for listening. You guys on serious Xm business, radio. Thank you for being part of the cartoons. Every week I come to you to talk about your business, your money, you're funny, it's your career and today on the cod ozone. We talk to do about how to buy your first duplex trap, lax or for blacks. Thanks for being.

Do you have money sitting in the stock market and you're worried, but it or worse you have money sitting at the bank earning less than half a percent. My name's grant Cardone I'm the founder and ceo of Cardon capital com. For the past thirty years, I've been investing my money and my family's money in income producing properties. These are real assets, real properties with real addresses that produce real cash flow at cardon 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 get the funding for the deals and the last thing most productive people want to do is manage real estate. I find the deals I find 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

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 card on capital. Come it again. This is real estate. Investing made simple with grand Cardon Subscribe, Rick and Keith yourself, and your money growing at grant. Cardone com forward podcast now get your money off the bench at Cardon capital com. Again,