How to Raise Money for Real Estate – Grant Cardone
If you are looking to build wealth, there’s no better thing to get involved with than real estate. The problem for many is that It’s mental gravity to go small. If it’s worth doing 4 units, it’s worth doing 40 units. Grant talks about 3 things in this episode:
1.Know the product: You need to know and even love the product. Crime rate, insurance, worst case scenarios, NOI, what’s the break even, what are the properties around it? These are just some of the things you’ll need to really know before involving yourself in a deal.
2.Raise the money: Who’s your power base? Who’s going to pay you? It doesn’t take money to make money it takes courage. You have to raise money to go into bigger deals.
3.What’s the offer: What will you offer people? Grant offers 6% preferred return and then a 65/35. If you put 100K in a deal, he’d pay 6% a month in dividends plus 65% of whatever the return is. If you are offering someone a deal, maybe you’ll need to offer all the cash flow in year one. Get creative!
The bottom line is that you are better off going bigger later than starting small now. To get into some big, monster deals, contact Ryan@cardoneacquisitions.com and get in with Grant today.
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