How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate by Grant Cardone

Author:Grant Cardone [Cardone, Grant]
Language: eng
Format: epub
Published: 2018-09-12T05:00:00+00:00

Single-family homes are terrible investments for rental income but they are easy to purchase. Remember, easy to purchase means hard to keep.

4) Using Too Much Debt – Using too much debt will resort in the property being unable to service the debt at some point in the economic cycle. If you can buy it with 95% financing, that means other people can too, and the more people, the fewer barriers to purchase, the less valuable the property will be in the future.

I watched so many real estate guys lose everything in 2008 because they over-leveraged and speculated. I only use 50% to 75% debt on my deals. So, if a deal is $50 million, I expect to put down up to $25 million to buy the deal.

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