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

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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?

19 thoughts on “How to Buy Your First Deal with No Money Down – Real Estate Investing with Grant Cardone”

  1. Grant, on active duty in the army moving to south bend, IN next year. Thinking about using my VA Loan to purchase real estate (NOT a house). Good or bad idea in your opinion? Thanks brother.

  2. Disclaimer: I am an amateur and am just trying to get into making money with RE! I bought a foreclosure 20 months ago for $139k, I’ve been living in it making improvements. I just listed it for $205k. Do I go ahead and sell it or should I rent it out for a $200-$300 monthly cash flow?

  3. If you want something bad enough, you will get it if you focus your intent on having it. Plain and simple. The first time you do anything it will not be easy. Keep your head straight and don't masturbate the brain with that "what if" bullshit which hasn't occurred. Do your best, work through the deal, learn from your mistakes and keep plugging. Make it happen on purpose with purpose.

  4. Sooooo, according to the Sunflower deal, what is "my investment"? $0? and if so, how much am I making to put all this work into hiring new management and overseeing all the construction?

  5. Gc. How do I get investors and convince them to lend me money. Wouldn't they (the investors) want to be part of the business if it succeeds but if it doesn't they wouldn't want to make part of it. Should I start by asking for a bank loan to buy my apartment and have someone else pay for my debt by renting it as a single family apartment and from there buy the next property and continue…? What do you think?

  6. Grant your so freaking adorable, Attention Alaina…You are a very lucky woman! I like your certainty even when your not certain, I think it's also so freaking funny when you talk off script, you still keep the show going! I have watched enough of your videos, I need negotiating skills, I want to be able to be prepared for any objection, what book?

  7. I am not interested in real estate .I love financial market(forex,derivatives).But ,now i see ,why all my friends can't scale in their real estate investment.There's no room for amateurs in the game of life.
    MR Cardone is a pro.
    Thanks for sharing these infos .

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