How To Create Wealth Investing In Real Estate Quotes

“Here are the four main reasons I love apartments: 1) They’re real assets, not paper, and they can’t be easily replaced. 2) They produce positive cash flow. 3) Apartments appreciate when rents rise– the Multiplier. 4) Leverage of debt to increase your position.”
― Grant Cardone, How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate

“Any bank that does commercial real estate loans is going to measure four things to determine whether they will give you a loan: 1) The property. 2) Trailing 12 to 24 months of income. 3) Your credit score and net worth. 4) Your experience managing properties.”
― Grant Cardone, How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate

“for real estate to create wealth for you, you must have these four ingredients: 1) Cash Flow 2) Time 3) Location 4) Scale”
― Grant Cardone, How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate

“The real estate business is not super complicated but there is a lot to learn and also there are some myths (mistakes) you must avoid. I will cover this in more detail under “mistakes to avoid,” but for right now; A) you aren’t going to do this with no money down, B) you can’t manage the property yourself, C) small properties don’t work, D) debt is critical to your purchase, and E) be willing to invest for the long term.”
― Grant Cardone, How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate

“This is an asset I can leverage with good debt, the property covers all operational expenses, improvements, insurance, taxes, and debt while I patiently wait for the rents to increase and the value of the property then appreciates at which point we sell or refinance and own the property with no money invested. I never deviate from this criteria. I invest my surplus cash into income-producing machines, in great locations, where the rent is less than the cost of home ownership, and I am buying at or below replacement cost. When I do invest, I buy very large deals, typically 200 to 1,000 units at a time, in markets with decades of projected job growth, and market demographics more likely to rent than own.”
― Grant Cardone, How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate