162: How to Find Your First Deal
The Cardone Zone
04/10/15
•41m
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Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class. Whether it's jobs and careers, finance, entrepreneurship, Grant's real, raw in-your-face delivery serves as a wake up call for anyone ok with just being comfortable. The Cardone Zone is like no other business show presently on air. After one viewing you'll be inspired to make success your duty, responsibility and obligation as you break free of the middle class and break into true freedom.
On the second Friday of every month, Grant does a real estate episode on Cardone Zone. This week Grant talks about multi-family apartment buildings.
You have to be completely sold on investing in them. The deal size you should be looking at is 3-4x the size of your savings for the investment.
For example: If you have 50,000 you are looking at 150,000-200,000 investment properties.
Go within 5 miles of where you live. You need to understand the neighborhood, because if you don't your certainty goes down and you won't pull the trigger on a deal.
How Do You Start?: • Pick a Neighborhood You Know • Determine your Down Payment • What Cash Return Do You Want? 10-12% Cash Flow
Remember that 'Cash Flow' is king. It is the most important financial business decision and understanding you must have to stay in business.
Previous Episode
161: Are You Middle Class?
April 3, 2015
•35m
Are you middle class? And if so, why? My father fought to keep me in the middle class. My mother fought to keep me in the middle class. And I'm here to help get you out of the middle class.
There is a list of income levels separated by state, which define what the lower middle, median and upper middle class are considered.
Related Article: http://witnation.com/articles/finance/middle-class-income-chart/
How you've been misled: • I have to get an education. Now you have loan debt and no job. • I have to save every penny. And it's losing value versus prices going up. • Don't take risk. And never grow. • Fly under the radar. And never get noticed.
We just finished 7 straight days of filming Season 2 of Whatever It Takes: The Ultimate Job Interview. We had 416 people apply; 80 people came through the process—and everyone is thinking little. One challenge was to scoop ocean water into a bucket, and bring it to shore without spilling. And instead of filling the bucket and a little coming out, they only filled the buckets halfway—NO ONE CAME BACK WITH A FULL BUCKET.
"The middle class is a helmet of thinking that keeps you trapped." – GC
Don't believe everything you see on TV, read in a newspaper or read in a book.
Walt Disney busted out THREE TIMES. And no one will ever forget his name—ever. Even when we're in space, there will be Disney Parks.
Next Episode
163: Obsessed With the Phone
April 17, 2015
•34m
Every Friday at 1 PM EST, Grant Cardone does his solo show on Whatever It Takes Network. No noise. No co-hosts—Just his raw insights that will create massive success in your life and business. Grant has been labeled ADD, ADHD, Obsessive-Compulsive... and he loves it. He has embraced his ability to multi-task and hyper-focus to build four companies that bring in millions annually.
Have you ever been in a situation where you are at dinner, hosting a meeting with business partners or potential clients, and the bill comes. You're terrified your credit card won't make it. Will you be able to cover it? You can't ask for a split, you don't want to look broke; you don't want to appear unsuccessful.
Two Things: 1. Become obsessed with success. 2. Get on the phone.
You need to become obsessed with success. People need to be asking you what's wrong with you and why you're working so much. If you're not connected all the time—you aren't making it.
"900 billion phone calls are made every year in the United States." – GC
If you aren't making phone calls you aren't maximizing your time and reaching the most people possible.
"It costs 1/8th to contact a customer over the phone than to contact them in person." – GC
Watch or listen to this amazing episode about how to massively expand your perception of what it takes to become successful.
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