In my humble opinion, real estate is the best way to grow your wealth. If you want to get super rich (think billionaire) get involved in real estate — but I’m not talking about just any kind of real estate.

For example, a home is not an investment, because it doesn’t pay you each month — you have to pay it.

It’s a liability to me, not an asset. Not only does a house leave you less mobile, it ties up your money so you can’t use it for real assets.

There are many indications that multi-family real estate investments will continue to be great looking into the 2020’s and beyond:

• 75 million Baby Boomers are retiring
• Many of today’s apartment complexes may be converted to retirement communities in the future
• Many millennials aren’t buying homes
• It’s getting more expensive to build new apartment units

Your first challenge is simply getting a down payment. Once you do, it’s easier to get a loan on a multi-family unit than any other piece of real estate. Multi-family is the easiest way to get rich once you’re in the game!

Let’s say you can find a 49-unit property priced at $35,000 per unit with an 8% cap (the return on investment based on the income a property is projected to create) for $1,750,000.

If you pay cash for this deal at $1,750,000, you would make $140,000 free cashflow per year after expenses. With $450,000 down and financing $1,300,000, the debt payment would be $78,000 per year. This would make you $62,000 cash flow per year. This cannot be done with a home, period.

For the vast majority of people, college never leads to riches, nor does a home. If your goal is to build up $300,000 of equity over 30 years, then buying a home is a way to park your money the same way you would in a savings account or under a mattress. If you want to leverage your money and grow wealth, buying a home is not the way to go.

If you go into multi family real estate investment the right way, over the next decade it could be the best investment strategy of your lifetime — and I put my money where my mouth is. I currently own almost 5,000 apartments and will soon have over 10,000. They are not building enough multi-family apartment buildings to keep up with demand.

If you want to get involved in multi-family real estate, start with a minimum of sixteen units, avoid single family residences and condos, and only buy multi-units at one address.

If you struggle with producing enough income to save enough for a significant down payment, you can partner with me in smaller amounts.

Be Great,

GC

I don’t blame anyone. It was my own fault. I didn’t do my homework.

I knew the real estate wasn’t the problem. The way I was approaching the real estate was the problem. I had gone small and bought based on what I could afford. I was dependent upon one tenant and it cost me. I bought a small deal because I was scared to go bigger and it cost me. I had an immediate victory and quit learning and it cost me. I went in half-cocked in a hurry to brag about being a real estate owner and it cost me. And this is what most of us do on our first deals.

You see, I had bought what I could afford, based on the loan I could get and the money I had to put down. That limited me to only what I could afford and not necessarily the best investment.

I went back to the drawing board and spent the next three years learning everything I could about investing in real estate.

I was committed to finding a GREAT deal, and knew I would need the cash, the courage, and the knowledge to pull the trigger. At the age of 31, I knew owning real estate was my financial freedom vehicle. I avoided investing in Keough’s, IRA’s, mutual funds, and individual stocks and bonds.

After looking at hundreds of properties and investing thousands of hours of studying, my first real deal was 48-units.

I knew the second I saw it I would buy it. I put the deal under contract the same day and was closed in under sixty days. My first real deal in the bag. I owned it for 4 years, and while I did, it paid for itself every month and provided me with positive cash flow and no headaches. I never took one phone call from one tenant about one problem, because I put a good manager in place. Four years later, I sold the property for an almost $4 million profit.

The belief that I would create wealth with real estate was validated with this first deal, and I knew one day I would get super rich with this vehicle. Since that first score, I have been buying apartments, repeating and perfecting how I buy deals, and studying more markets, financing, management, and all along the way, improving my connections within the real estate market in order to get better access to great deals.

Now, thirty-years later, I have almost a billion in assets and 5,000 units. It’s been one of my best accomplishments and one that I will keep expanding on.

It’s has taken a tremendous amount of learning the tactics, statistics, identifying trends, studying methodologies and strategies, and investigating real estate to get here.

I’m sharing all of my knowledge about real estate because the deck is stacked against you and me. The huge corporations and investment institutions get the good deals and we get the left overs.  Over years, I’ve carved a space in this real estate world by being tenacious, smart and a closer.

You can join me in my investments at CardoneCapital.com or learn more about how to do it on your own or with your own partners by studying my material and content, attending 10x Growth Conference and signing up for one of my courses or programs.  Any way you do it, you need to know more about investing in real estate and you need help.  And I’m happy to give it.