330: CZ "How to Double Money"
The Cardone Zone
06/01/18
•37m
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329: YH "Tie Your Sales to Your Finances"
May 31, 2018
•41m
You're at 1 of 3 points in your life right now:
#1 Basic Needs #2 Reinvesting #3 Multiplying
When you're at basic needs, you're only getting enough to survive, you're never improving your life. When you finally start to reinvest in you, you begin to grow. Investment leads you to be able to multiply what you have.
Tie your sales to finances and you'll make more money, be more motivated, and be able to help other people
Next Episode
331: REI "Not All Real Estate is Created Equal".
June 4, 2018
•48m
Stress test for buying real estate: 1. Does it provide cash flow with at least 4-8% a year (if it provides more than 8% you need to look with some magnifying glass cause there is probably something wrong!) 2. Time/money - is this going to be worth your time? 3. Do you love it? 4. Can you exit? Can sell the deal at any time?
If a deal makes 28% but that's only $100 that's not a good deal. How many doors/units/tenants you have is the most important number in real estate.
Classes of properties: A - (could be triple A) new or 1-3 years old B - 3-20 years old caters to mix of white and blue collar, overall nice mix of cashflow and appreciation, returns of 5-7% before appreciation C - 20 + years old D - Inner city, tough markets
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