Date: 2019-08-19 18:12:46
Cash is trash. Go illiquid. Invest in hard assets that won’t lose money, produces a monthly cash flow and has the possibility of appreciation in the future. Learn the reasons to invest and the most important number in real estate in today’s show.
Cash is not king. Cash gets destroyed in value. A bank loans it out as fast as they take it in, because cash doesn’t retain its value.
If you have a little bit of money left over after your expenses, get rid of it. Invest it, otherwise the value will go down.
Investing can be simple. Real estate doesn’t require a college education or website, this business can’t be taken over, can’t be destroyed and will only increase in value.
1. Can’t lose money. As long as the property is not overleveraged you won’t lose money.
2. Cash flow. As it multiplies, it will generate wealth. Cash flow is king.
3. The possibility of appreciation in the future, based on the city, location, jobs and more will increase the rent rates and the value of the property will go up.
Real estate is a full-time game. Knowing everything in the market, the industry and what’s happening plus the terms, strategies and methods along with the talent and skill to make the most of this knowledge to create the best deals is not something that happens overnight and is not something that is easy to come by.
Need help? Check out more information on Cardone Capital. Have questions and want to get training on how Cardone Capital and Grant do their deals? Sign up for the 10X Growth Conference.
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
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