324: REI "10 Biggest Mistakes When Buying Real Estate"
The Cardone Zone
05/21/18
•58m
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1. You're not buying: If you don't buy, it's because you don't know what you're doing 2. Buying too small: This happens when you become scared thinking that big deals are riskier. This is false, small deals are riskier. 3. Buying on a Budget: don't be confined to what you can "afford". Don't have a budget when you buy, have a budget when you own. 4. Believing the Pro Forma: don't put significance on a fairy tale. 5. Underestimate expenses: taxes and insurance aren't fully understood. 6. Not funding Capital costs—roofs, carpets, etc. need to be funded, so set some aside for when you will need it. 7. Over leveraging—borrowing too much money. 8. Under leveraging—not borrowing money. 9. Buying on CAP rates: If you're only looking at 8 caps, you'll miss out on good deals that don't fit your criteria. 10. Not knowing: ignorance is not bliss.
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323: G&E "How Hard is it for you to Change"
May 16, 2018
•43m
You've got a lot going on. You run a business. Marriage. Your kids. The ability to change is vital to your success. You can wish or meditate but, in order to change, you have to make or become different. When I was 25, a mentor told me something that I'll never forget: "To change, you've got to change." How do you change? Do you make gradual moves or do you wait for the grizzly bear to come rip you apart? You don't like to travel. Travel more. You hate flying. Go on more flights. You don't like sleeping outdoors. Maybe you need to take a camping trip. Remove your rigid thinking. All Change Starts With You!
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325: PP "Eric Thomas & Grant Cardone"
May 22, 2018
•34m
On this edition of Power Players Grant Cardone interviews The Hip Hop Preacher—Eric Thomas. He had a difficult childhood and eventually ended up homeless eating out of trash can. He had a victim mentality that so many struggle with in poverty and in fatherless homes. Now Eric produces massive success for himself and others speaking at churches, schools, and wherever else there is life—he goes to motivate and inspire. American success is real but you have to go out and get it. Eric Thomas grinds to the grind. He says you must have Intrinsic motivation. Don't grind for the wrong reason. Don't make excuses. Outwork and out hustle people. Excuse are everywhere and people complain about not having enough support. Most people want the reward, but not grind. They want the lottery. Shoot for the Nobel Prize. It is about changing people's lives. Eric says the problem with education is that for many students there is no clear purpose, you go to school because you have to. Eric had to be rich because he decided he couldn't be stuck at a job—he wants to own his time. It's not just about having a nice house and nice cars, being rich allows Eric be able to buy his wife the expensive medication she needs. TGIM is better than TGIF—keep grinding!
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