036: Multifamily
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Description
Real estate is the best way to grow wealth. If you want to get super rich, get involved in real estate — but I'm not talking about just any real estate. I recently wrote an article that explained why buying a house is for suckers. A home is not an investment, because it doesn't pay you each month — you have to pay it. It's a liability to me, not an asset. Not only does a house leave you less mobile, it ties up your money so you can't use it for real assets. There are many indications that multi-family apartment investments will continue to be great: 75 million Baby Boomers are headed into retirement Many of today's apartment complexes may be converted to retirement communities in the future Many millennials aren't buying homes It's getting more expensive to build new apartment units You ready to get involved in Multi-Family? Be sure to watch every Monday at noon EST and let's get you RICH.
More Episodes
Real Estate Investing podcast moved to Cardone Zone. All episodes in one place. Go to GrantCardone.com/podcast
Published 06/08/18
When do you start reinvesting money into a property? Here are 4 rules: #1 Never do the whole rehab #2 Do your worst case scenario #3 Look for 30% return or don’t do it #4 Leave something for the next guy Buying Multi-family is not buying real estate—it’s buying a business. Every dollar that...
Published 06/05/18
What are Mistakes Most People Make When Investing in Real Estate? #1 Not buying #2 Deal is To small (less than 16 units) #3 Doing single family deals #4 Taking too much debt #5 Bad Buying price #6 Buying unwanted deals #7 No direct cash flow #8 Moving out from your MARKET #9 Not Knowing your...
Published 03/26/18