HomeОбразованиеRelated VideosMore From: Grant Cardone

How to Buy Your First Deal with No Money Down - Real Estate Investing with Grant Cardone

9335 ratings | 593674 views
Subscribe and comment to qualify for a FREE Real Estate Investing Coaching session with Grant Cardone. For more click here: http://www.grantcardonetv.com/realestate Uncle G brings it for free every Monday with captain Ryan. Today on the show Grant advises to not chase your budget. Finances are won on offence. When you don’t have money, you need to get other people’s money. Who’s got your money? Don’t buy deals you wouldn’t look at if you had a bunch of money. The fact is, we all get stuck finding money no matter how rich you are, so the thing to keep in mind is the deal is what matters, not how much money you have. Most people do deals based on how much money they have. There is no such thing as no money down because you will have to exchange something with them—sooner or later the money will have to come from somewhere. Where can you go to raise money? It’s out there, you just have to find it. Act as a broker and act like you know what you’re doing. Here are 3 things to ask before going into any deal: 1.Ask a woman to tell you how she felt around the property. Just like when you go into a room, you know how it feels. How does the property feel to you? This is subjective, but ask yourself this. 2.Go over the numbers, the T12. This is objective. Do the numbers add up and make sense? 3.Go look at worst case scenario. Go look at the worst year ever. Will it still break even if another 2008 happens?
Html code for embedding videos on your blog
Text Comments (1138)
Elias Zeghen (4 days ago)
Hi what can I do if I have 20k and i never done a deal ? Thanks
Conor Rohrer (4 days ago)
Loopnet, what else are some services that he mentioned?
Renaldo Susilo (4 days ago)
How can I get my first property in Denpasar before I'm 20?
Rebecca Grider (7 days ago)
Would you talk more about “to have or not to have a real estate license” and how to pay & manage your property manager.
Pamela Byng-Jones (10 days ago)
Is it worth it to pull your money out of 401K, IRAs to become one of your investors?
Adam Wade (10 days ago)
The man didn't even know he was live. He was a man of integrity when he thought no one was looking. That is freaking powerful Grant.
yoefh001 (11 days ago)
Scamming written all over: give me your money, I'll pay you 6% no matter what!
Joshe Martin (11 days ago)
Hey guys, I have 5000 but have nothing else, what do i need to do to work with you?
dummie geek (14 days ago)
captain is slow!! on math for the calculation!
ShizSkrambler (14 days ago)
Where do I look for multi unit deals?
Woke Watch (14 days ago)
I love people....... 's money.
Dian Sukarmiani (20 days ago)
Hi Grant I really love all your video make change how i think about money. Well, I know i work for hotel in Bali, Indonesia in small island called Nusa Penida but this island has good progress, many foreigners now coming here. And hotel owner offer me his land cause i really want to have land here and i know exactly for 1,5 years how the progress here. He sell the land with really good deal cause I make good business ( good revenue ) for him, I work as a sales in his hotel. He sell 1,000 dollars per acre to me and i want to take 20 acre but he want to offer 40 acre to me and i only have money for 20 acre land. Do you think I should go to bank take loan for other 20 acre land ? Otherwise i will lose this chance Really need your suggest Thanks, Dian
Alexis Jacobson (21 days ago)
Mr. Cardone, if I have 400k together, should I just go for 1.5M deals or try to go bigger and get investors? I’m a good closer, if that helps you answer! ARC - A from SJ CA!
mightbegenius (23 days ago)
Problem is.... a lot of us don't have a rich uncle or any family member with a million bucks in a bank. Literally, there is no one to give us the downpayment...
Woke Watch (14 days ago)
I know about zero people with kind of money.
Fortnite streamer (26 days ago)
Hey Mr grant how can i invest my money to take care of my 2 kids if i have 20k to invest i spend over 30 k im not trying to go broke im only 24 help me pleases
WordsCreateWorlds (27 days ago)
that intro lmao
Jane Heimbichner (27 days ago)
I love this. I think I need to bone up on my real estate math. What is T12? Any suggestions on on where to get good investor math help? I would love something on this.
SMITHTONE RECORDS (28 days ago)
THANK YOU GRANT, DUDE YOU ARE MY INSPIRATION! I brought your closers product and it has helped me so far. I got to live with it a little while longer. I make about $120,000 average (give or take), and feel like I'm making $40,000. I am already 58 years young, I don't have a lot of time before I wish to retire, I'm a songwriter & producer, I'll like to have some fun before I get too old. Help!
chris wong (29 days ago)
How to become accredited investor?
exto (1 month ago)
mr Grant thank u so much for this video am from nigeria and i am learn ur tips i am a baby real estate investor and a student God bless u
Meg Ann (1 month ago)
Can you tell me where I can find an apartment analyzer sheet or excel software that you use?
Meg Ann (1 month ago)
What does "preferred" mean?
Meg Ann (1 month ago)
Love your show. Question: I need to know more about SEC and how to sign up, what is involved, how important it is, etc.
Jman lew (1 month ago)
my thoughts are where are you gonna get a 80 unit place for 1.5 mil
Diamond Higgins (1 month ago)
Where do get the money from to fix up the property when you first buy it? Also, can you do a video about figuring out the numbers to manage and/or fix up a property? How do you go by managing your properties? Do you use a management company?
Pan Agis (1 month ago)
Where can i invest my 30k euros i m not in US...
Grant Cardone (1 month ago)
You can invest at CardoneCapital.com
Axel simonsen (1 month ago)
Whats the best way to build a network in the Real-estate community?
Le Guru (1 month ago)
Do you do international real estate too ? Please could you talk to us more in markets and investors !! Thanks a lot team Grant Cardone
Fiacre Brissi (1 month ago)
What’s your minimum investment?
Grant Cardone (1 month ago)
cardonecapital.com
Linken (1 month ago)
What’s a good income/investment ratio in order to expect return worth investing without barely making it by until the investment starts kicking in to invest more? Say I’m making 5-8k a month but want to invest would I save over a 6 month period withholding 40% income at a mid range of 6500 a month leaving me with 2600 every month multiplied by 6 ending in 15600. Even at say 11-12% with your 6% then 65/35 that’s around 1716 income.. what is the goal to stack more of the starting flow of cash to make the investments worth doing? Hopefully that makes sense
Zay Rubio (1 month ago)
Your really inspiring, I wish I had the money to take the time to meet you at one of your events I respect the knowledge your giving us it’s crazy how much I’ve learned in just 1 hour I’m middleclass 25 bad credit kinda rough life thinking bout just giving up, but god put you in my way and showed me that there’s more in life , us people are just so ignorant and blind it’s crazy thanks a lot for your time !!!!! May God Keep blessing you 🙌🏻🙌🏻🙌🏻🙌🏻
Kori Brooks (1 month ago)
Question...unlike what the comments say wouldnt it be smarter for you to to what Bill is doing, start small with one house, work your up to however many, sell houses in a bundle then go to the next investment instead of saving a shit ton of money like 100k and up to just start out? Also should you get a real estate license or no?
Bernard Yeo (1 month ago)
Excellent stuff Grant! Thanks a million for your sincere sharing!!
Rilly Jo (1 month ago)
The last calculation on the 64 units where he did the NOI minus the 156k to get the $115k, what is that 115k figure? I understand he took the 272k which is yearly takeaway. But subtracting the 58%from the 2,700,000 does what?
logan williams (2 months ago)
6% brokers fees on 700 million is 42 million. AKA Grant could be 42 million dollars richer if he had a real estate license. Love the guy but a RE license is useful.
Victor Mendoza (2 months ago)
OMG this video just saved me lots of time. I was going to eventually get a license but there you go. Going to focus on AWS cert instead cause I love it and programming.
Lazar R (2 months ago)
Amazing episode Grant. If somebody had access to $3M of private funds, how would you recommend setting up the syndication? Can you explain more about the corporate structure? I understand and agree when you say the private money should get all the returns in the first year since they’re funding the project , and profits above x% are split 65/35% , but I’d like to learn more about how you would get started - how much do you expect legal fees to cost to make a contract for this syndication?
G Rad (2 months ago)
Do you really need to open with joking about your package? so slimy.
RandomHypeTV (2 months ago)
you're fucking goat'd
Mario D. Stavropoulos (2 months ago)
How do you renovate all the units in that place while it's still being occupied?
Sam Vail (2 months ago)
Im ready for a Real Estate Investor Mentor to Coach me.....Grant are you available??
Grant Cardone (2 months ago)
call the office 310 777 0255.
D-Pup Pup (2 months ago)
my goal is $50,000,000 in the bank by age 30. I just want your support. thanks!
Matthew D. (2 months ago)
How about a former old folks home. 20 units. Only 3 units have kitchens. Nothing is currently rented out. Built in 1912, brick, nice looking. Good location, small town in need of apt's. Do you only buy apt. complexes that have people renting out rooms? Planning on looking at it next week. Thanks brother...keep them videos coming!
J D Z (2 months ago)
No Grant, I don't know ANYONE that has $400k, much less someone that would lend that to me. I think you have some good things to say, but you should be more honest about how hard it is to do. Instead of trying to convince everyone it's all their fault for not thinking big enough.
DJ DOVANO (2 months ago)
nice
patrick heisler (2 months ago)
What can I do to get into the. I'm younge and basically broke
patrick heisler (2 months ago)
I need help man
DREGA (2 months ago)
What if the people that lent you the money want it back after a year or whatever? You gotta sell the whole property to make them whole.
Bruce Byrd jr (2 months ago)
My partner elliette Jackson knows you I want to become a partner how can I reach you.. you gave me more confidence just listening to you
Jacqueline Saltos (2 months ago)
I live in Cali and I am a real estate agent. Hard to find a 4cap thats larger than 60units. Suggestions? Thoughts?
Alex Kingcole (2 months ago)
I'm here, and all ears, Grant. Subscribed and a new loyal customer on your material.
Fabian Baez (2 months ago)
Every Mon GC gives a freakin' Master Class in RE esp. big multi-family. Golden 🌟💯
Andre Chandler (2 months ago)
I’m 19 and I’m a freshman in college I’m still trying to figure out do I get a job save up like 2000-5000 $ and we’re should I look once I get some money to start
Luis Miranda Nassi (2 months ago)
This motherflower made me LAUGH the whole morning! 😂😂 That intro 😂
Steve Vennemann (2 months ago)
I just started watching you yesterday, Love it ..
trav v (3 months ago)
OK this title sounds totally sensational and clickbaity, but if you deliver you are a genius. I will give it a shot.
Serena Dingus (3 months ago)
What if you have nobody period
Serena Dingus (3 months ago)
How do I get started I'm a stay at home Mom so tired of struggling to barely make it day by day
Gavin McCormick (3 months ago)
this was excellent, thankyou
Angel Diaz (3 months ago)
🔥🔥🔥
Jeffrey Burt (3 months ago)
Man love this guy , you get knowledge and a good laugh each and every time lol
Devin Whittaker (3 months ago)
This is invaluable information. Greatly appreciated.
Rob Gallant (3 months ago)
Do you recommend other commercial property types?
Ron Levinov (3 months ago)
can i start at 16 ?
ImSooBad (3 months ago)
Hey Grant you are great- You give me Euphoria. Would/do you ever buy units that come with government financial aid like section 8
Tobias Dont matter (3 months ago)
Its 5 units damnit
Trading Fraternity (3 months ago)
great video, more people need to know how easy this! I got a pretty big team down in SoCal and I am an accredited investor would love to collaborate on a video and some deals!
jeeta pravishdeo (3 months ago)
hi Mr grant i am 17yrs am from mauritius my dad has built 8 appartments near the beach and rent them all to foreign peoples and the business is working very well.what do you think is more profitable to build it yourself and then rent it or to buy already built property and then rent it.thanks Mr Grant😊
frankline idambila (3 months ago)
yall realy find it hard understanding this. If the financial lender finds the deal worthy they'l definitely give you the money and advice if need be. That deal alone is the security attached to the loan
Alin Babuta (3 months ago)
!!¿
M.R Penguin YT (3 months ago)
I have 1 old apartment we moved out 1.5 years ago whats shall i do with it rent it or sell it and buy another one and sell it etc.
Brodacious (3 months ago)
All of this is completely new to me. Its hard for me to follow all the terminology and numbers. I feel like I'm slowly getting it. I know one thing for sure though, I want to learn how to do this and do it. Are there any videos or books by Uncle G that cover everything you need to know if you're a complete beginner and all of this is a foreign language to you?
evan stratigus (3 months ago)
Grant Cardone , Upon buying a rental property do you think it's a good/beneficial idea to make it solar and bump up rent?
Grant Cardone (3 months ago)
call my office 310 777 0255.
genithlol (3 months ago)
I'm still not understanding how I can get an investors cash. If I present them with the deal and potential profits, what's stopping them from just taking advantage of the deal themselves
Alex Garcia (3 months ago)
maybe this is to old of a video to ask questions now
Alex Garcia (3 months ago)
i don't know if this question is be sent to Mr. cardone directly but Here it goes where do we find deals? the websites?
Grant Cardone (3 months ago)
call into the real estate investing show Monday 305 865 8668.
Ryan McMahan (4 months ago)
If not interested in other investors. Understanding the management need. Is there any other reasons its bad to do a 4 or 6 unit being goal is around $2,400 month cash flow? Living in a area that 800 to 900 per month.
Abijah Clips (4 months ago)
I just watch your first video , I have zero dollars, no credit , live at home with Mom , drive Uber for a living, just came out of bankruptcy in February 2018, I live in Canada, my only owing is my car , I finance it, and I have second car which is for the kids that's it, if have $2000 save.. my mom as a good property she is retiring next year. What can I do to turn my life in your direction? I want a change Brother help me
J Vlogs (4 months ago)
" Chase the deal , not your budget" wow!!!! I love it
Danielson that's the one (4 months ago)
Looking to buy a storage unit but it’s $700,000. Is that even worth it?
Isid Vojka (4 months ago)
GC humble bragging?!! Lol i love what this guy comes up with. GC does this way of real estate investing apply for Europe as well? Thanks
FreedomBliss 2012 (4 months ago)
Grant, what would you do.?....First time investor. I am blessed to have 120k liquid, and a 80k condo owned outright which I live in. where to I start / what do I do to make it to the multimillionaire list?
petttrobb (4 months ago)
Hey Grant... AWESOME video! It was great to finally be able to figure out how you worked the numbers in your deals! But I have a question that I'm not sure was addressed... Where in your numbers from the example you started at 42 minutes... the one with the 64 units and the CAP of 7.25% do you factor in the realtor's commission? At a 3% commission on a purchase price of 3.7 mil... that works out to $111,000. Is that factored into the .52 (at 53 minutes and 50 seconds) or is it factored into the .058 (at 57 minutes and 9 seconds)??? Or is it factored into your numbers at all? Also... if you are paying high interest rates to other investors, AND paying off loans for reno's... and their interest... at what point do you make money on the deal? Do you make it in the spread of rents from before you reno the place to after? Do you make your money when you sell??? (but then you have to pay more realtor fees). Do you take some of the loan money for reno's like Russ Whitney? Or do you just get your investors and loans paid off as quickly as possible and then start making money a few years down the line when they are paid off? I compared your numbers to a 33 unit apartment block in Arizona and did the exact same calculations that you did on the 64 unit deal in SC... I tried to get this 33 unit place a year ago but the owner wouldn't come down in price... now it is back on the market with a higher price, same CAP rate (8%). The asking price is 1.685 million, has an NOI of $126,000, debt payments using your calculations of $68,000/yr... meaning $58,000 profit with a return on a $400,000 down of 14.5%. My underwriter wouldn't go any higher than 1.1 mil last year because the property could not justify the old price of 1.46 mil because of low rents and moderately high vacancy rates... even though the building is in good shape... (The landlord is a dentist in LA). They say they are raising rents but... really??? I had my agent take me to the building and check it out... it was pretty good I thought... and I still think it is a pretty good but what do you think of it based on what I have said? Sorry for writing so much... but thank you so much for all you do... I LOVE your energy and passion!!! And your information has blown my mind and rekindled my desire to grow! Is there ANY possibility I could shadow you for a few weeks in August 2018? (I have August booked in Europe but would cancel my trip IN A FRACTION OF A SECOND to follow you around!!! I would ask lots of questions BUT I WOULD NOT BE A PROBLEM!!! I'm positive, and hard working and am not above cleaning a bunch of dirty toilets or getting coffee! Shit... I would even take a leave of absence from work if you would let me follow you around for a while and keep learning!!! Thanks in advance! Robb
petttrobb (4 months ago)
Cool... Thanks!!! What time does it start? This is the property in Arizona http://www.loopnet.com/Listing/770-780-N-Dodge-Blvd-Tucson-AZ/12516374/ 403-399-3327
Grant Cardone (4 months ago)
Call into Monday's real estate investing show 305 865 8668.
Lol Lol (4 months ago)
Can we get a video of Grant making $500 on the street?:)
Justin Nobles (4 months ago)
This really opened my eyes on real estate. All I can say is wow
Max no one (4 months ago)
but can it do this?
young metro (4 months ago)
I make 20k - 25k a year, I'm 22 living with parents still. I understand when you say don't look at your budget but look for the deal. the bank will never lend me 500k per say and would just laugh and say come back when you make 100k + a year.
Strider (3 months ago)
did you go to university?
THE LEGEND FOR ALL (4 months ago)
How can I learn everything about taxes I own a small business I’m 18 not that much knowledge about taxes and write offs and everything
marco mosquera (1 month ago)
GET A GOOD ACCOUNTANT!
Angle Business (4 months ago)
I live in Calgary, Canada. I really liked the math and concept how to build the real estate empire. Could I invest in your accusation?
Grant Cardone (4 months ago)
Anthony Herrera (4 months ago)
This was a great video because you went into detail with a real property owner.
Shibby Bfd (4 months ago)
Yo grant im 18 and in college i wanna get into real estate if you could explain how someone like me could start off i would be very gratefull
Angel Castillo (3 months ago)
Shibby Bfd just keep researching! And I suggest you watch Stephan Graham
I Am (4 months ago)
Grant Cardone I have a question, what do you think is better to get a loan interest only instead conventional? To buy A property And after 5 years refinance and get some equity to invest to other property? I heard this concept but I know you are the correct person to ask about this. Thank you so much Uncle G.
Roman Haru (4 months ago)
240k for 20+ units? Here in Seattle I see only 2+ millions deals for 8 units :)
Anton Hamilton (4 months ago)
Great Post Create Cash Flow http://nextdaycashmoney.com
The Car Life (4 months ago)
Lmfao threw his phone
Humberto Aguilera (4 months ago)
Not sure if you will see this since this is an old video! But when will you make a real estate book to learn this as well!!!?
Praveen Khadka (4 months ago)
Thanks for the lesson uncle g. You are doing tremendous job and we all appreciate that. But I didnt get one thing how and when we gonna pay off the principal amount i.e financed amount.
Praveen Khadka (4 months ago)
Thanks for the lesson uncle g. You are doing tremendous job and we all appreciate that. But I didnt get one thing how and when we gonna pay off the principal amount i.e financed amount.
Praveen Khadka (4 months ago)
Thanks for the lesson uncle g. You are doing tremendous job and we all appreciate that. But I didnt get one thing how and when we gonna pay off the principal amount i.e financed amount.
Praveen Khadka (4 months ago)
Thanks for the lesson uncle g. You are doing tremendous job and we all appreciate that. But I didnt get one thing how and when we gonna pay off the principal amount i.e financed amount.
Praveen Khadka (4 months ago)
Thanks for the lesson uncle g. You are doing tremendous job and we all appreciate that. But I didnt get one thing how and when we gonna pay off the principal amount i.e financed amount.
Lalkrishna Gandhi (4 months ago)
if you want to learn about business check out GandhiMag.com
Financial Freedom (4 months ago)
Not having money is an excuse. You can make money or you can make excuses, but you can't make both.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.