Grant Cardone is an author and popular real estate investor. He has built a $1.9 Billion Empire in real estate holdings.
In this article, let’s see how he invests, his policies, and how he holds his real estate properties.
How did Grant Cardone get into Real Estate?
After completing college, Cardone started his career as a salesperson and after a few years, he started his consulting business with Car Deals and Manufacturers.
He earned a lot of profit in his consulting business and planned to invest his profits in Real Estate.
He started with a small investment and bought a house and rented.
The tenants left the property in 8 months and that’s when he realized, it is safe to invest in multi-tenant properties.
He says he will never forget his first deal. He bought the property at 1117 Sheffield in Bellaire for $3500 and sold it for $78,000 after a few years.
According to Grant Cardone, this is his best deal and he was literally zero and don’t know any about real estate when he started.
Grant Cardone bought his second property a multi-family complex in San Diego. He planned to sell the first and second property to buy the third one.
He followed a step-by-step approach and earned a million dollars in profit in just a few years.
He currently holds more than 800 million worth of properties in the United States.
Grant Cardone owns several groups of companies like Cardone Capital, Cardone Training Technologies, Grant Cardone TV, and Grant Cardone Sales University.
States Covered by Grand Cardone Real Estate
He owns more than 97% shares in Cardone Capital and the rest is owned by his family members and Friends.
His Philosophy: People should be renting where they live, and then investing in properties only to rent out to others, is the most optimal investment strategy for getting rich.
Why Did he Choose Real Estate
Gardone said he always wanted to earn money in a smart way and found real estate as a good option to earn money easily with fewer efforts.
“You must have a vehicle that, number one, multiplies itself. With real estate, for every million dollars, we buy three to four million dollars worth of a real estate.” – Cardone Said.