Tag: apartments

158: How to Buy Multi-Family Apartments

by | Mar 13, 2015 | 0 |

In this previously aired episode, Grant Cardone, successful entrepreneur, best selling author and real estate investor shares the secrets to multifamily investing. For over 25 years Grant Cardone has been investing in multifamily real estate. He believes the America is becoming a renter’s nation offering a great opportunity to create additional income. Grant offers so many helpful details and announces a new show where he will take an even deeper dive into the many things associated with multifamily properties. In this episode Grant discusses the reason one should invest in apartments:

Why to invest in multifamily real estate:

1. Preserve capital.

2. Protect yourself long-term.

3. Multiple flows of income.

4. Leverage (debt vs. money down)

5. Expenses paid by others.

He also offers concise definitions of terminology associated with multifamily investing such as Cap Rate, Price Per Unit, Pro Forma, Trailing 12 and Debt Coverage Ratio (DCR). Grant underscores that it is incredibly important one understands all that is involved so they can have the certainty and courage to pull the trigger. He suggests starting where you live, where you can go see units and understand the area. This episode of Cardone Zone sets up a new show that Grant will do on Whatever It Takes Network focusing on creating wealth through multifamily investing. If you’re wondering how you can get started tune in.

Read More

154: Apartments, No Money Down

by | Feb 13, 2015 | 0 |

Grant Cardone gives you the 5 best practices for investing in real estate with no money down.
There is really no such thing as ‘no money down’ because no matter how you cut it, this is going to take time—and time is money. And Grant wishes he had spent more time raising money from others to invest, so that he could control properties with other people’s money. He gets a lender to give 70-75% of the purchase price and then writes a check for the remainder.
Here are the 5 basic ways to do deals with no money down:
1. Owner Financing
2. Borrow From A Private Lender For Down Payment
3. Signature Loan
4. Subject To
5. Equity Share Investor
No matter how you cut it this takes contacting buyers, looking in your market, prospecting and sales skills and lots of motivation.
You have to find the right product—then you need to sell someone on doing this with you.

Read More

149: Buying Apartments (Part 2)

by | Jan 9, 2015 | 0 |

Grant says: “Rent where you live, so you are nimble. Own what you rent out.”
Starting Tip: Go to loopnet.com and start searching the area you live in.
Surprisingly smaller units are sometimes better than larger units. Depending on the market, it’s more advantageous to have less people, smaller families, per unit—it saves on water, it saves on electricity.
What you need to look at:
1. Price?
2. How many units?
3. Down payment?
Grant also takes calls, giving invaluable and free advice on what to do to take their real estate investments to the next level.

Read More

138: Secrets of Buying Apartments

by | Oct 29, 2014 | 0 |

Grant Cardone, successful entrepreneur, best selling author and real estate investor shares the secrets to multifamily investing. For over 25 years Grant Cardone has been investing in multifamily real estate. He believes the America is becoming a renter’s nation offering a great opportunity to create additional income. Grant offers so many helpful details and announces a new show where he will take an even deeper dive into the many things associated with multifamily properties. In this episode Grant discusses the reason one should invest in apartments:
Why to invest in multifamily real estate:
1. Preserve capital.
2. Protect yourself long-term.
3. Multiple flows of income.
4. Leverage (debt vs. money down)
5. Expenses paid by others.
He also offers concise definitions of terminology associated with multifamily investing such as Cap Rate, Price Per Unit, Pro Forma, Trailing 12 and Debt Coverage Ratio (DCR). Grant underscores that it is incredibly important one understands all that is involved so they can have the certainty and courage to pull the trigger. He suggests starting where you live, where you can go see units and understand the area. This episode of Cardone Zone sets up a new show that Grant will do on Whatever It Takes Network focusing on creating wealth through multifamily investing. If you’re wondering how you can get started tune in.

Read More
Loading