Grant Cardone’s BEST Financial Decision #shorts
Grant Cardone's best financial decision until this day.
#shorts #realestate #cashflow #investing #wealth
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Cameron Long
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Lol guy asked the lender about taxes? What a loser
Sure Jan
U pay taxes and grant dosnt so who’s the loser
Depreciation is one of the most powerful tools. He’s not a loser for asking about taxes. Look into it a bit. It’s incredible. You can even sell your asset and use the profit on your next (presumably bigger deal), without paying taxes. It’s called a 1031 exchange. Live on the cash flow. Roll all equity gains into expanding your portfolio and increasing the cashflow you live on. Also, you employ people to renovate and run the property and give people a good place to live.
Equity from a house and put it towards an apartment building….this dude was already rich or is full of stories
He has many years being rich now. Has 30 years in real state. But he started from scratch.
Some apartment buildings used to be dirt cheap talking years ago not in 2024
@steveeab2364 I’m with you. Still doesn’t add up.
@@ignaciohernandez291no he didn’t,Grant has already said he had six figures saved from being a car salesman
I’m just half a notch above average Joe, but I am an investor in an apartment community, so I have a little insight. He sold his house and cashed out equity. He did mention paying off investors. My apartment deal has 49 other investors. Yes, a downpayment is a big chunk of change, but as a group, it is much more attainable. This is absolutely attainable.
This guy just can not shut his mouth
Haha the guy who nobody asked to comment is complaining that the guy who was asked a question is answering it 😂
@@joeschneider3894Thank you for responding to this ignorant.
Cool story bro
How do you go from a couple hundred thousand dollars single family house to a 15mil apartment building? Then how do you go from 15 mil in value to 75 million value in a few years. This guy is bullshit and skipping a lot of details
He doesn’t fund his deals, he brings in investors and creates the deal.
15 in on a 45 loan. Increase from 45m to 105m(60m increase) over 7 years is an avg annual increase of 13% which isn’t crazy in a hot market
@@Reenown they just don’t understand the concept of private investors. Broke people don’t lend each other money for almost any reason so understandably its hard to believe
He apparently had other investors that were able to drop a considerable amount of money to buy the apartment building.
@@mhxxd4 agreed. People questioning it, you can literally google cardone capital and see for yourself.
You don’t “still own” the apartment building if it had a $45mil mortgage secured on it before the call and a $60mil mortgage secured on it afterwards 😂
Thank you mr cardone
😂😂😂😂😂😂 This guy and rich dad poor dad are great story tellers lol
Key note: you need $15 mil to start
Not if you buy on terms or sell someone else’s property.
He bought a $45,000,000 apartment complex from the equity in one house?
It was a huge house so the Equity is huge plus he got other investors to join it. That is how it makes sense.
@@mikethomas6715 he said it was his first house.
And you can do the same if you take my course, you can 10X your money!
What house did he sell where he pulled $45M in equity to buy an apartment building? Mind you this was his first ever house.
Now I know what to do with the $15mm burning a hole in my pocket.
So he tells people not to buy a house it is a stupid idea. But the house is what gave him enough equity to purchase the apartment complex. There has always been something 🐍 ish about grant
wait buying a house is a mistake? were screwed
Ok, now how do I do this with $100?
I’m favoured, $60k every week! I can now give back to the locals in my community and also support God’s work and the church. God bless America.
Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you
Wow! Kind of in shock you mentioned expert,elizabeth ann graney. What a coincidence!!
Elizabeth Ann has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life’s
Life is easier when the cash keeps popping
in, thanks to Elizabeth Ann graney services. Glad she’s getting the recognition she deserves
I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill Elizabeth Ann graney change my story.
You should do the math what did that investment turn into over the years? How much money did that money make you?
grant made fortune training car business maybe 100 million then got into real estate smart man he did it
I need to get on the team
Sounds like this “mistake of buying a house” worked out pretty well. I’m failing to see how that was a mistake.