The Harder it is to Buy, the Easier it is to Keep | Grant Cardone E163

The Rich Somers Report

This episode originally aired April 2020 on Rich’s old podcast “The Multifamily Takeoff”
Grant Cardone is the CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion.

The group starts off by discussing Grant’s background growing up in Louisiana, Grant’s first few deals, what initially attracted Grant to Multifamily homes compared to single family, why multifamilies did the best during the pandemic, and the importance of job growth.

They then reflect on the need to scale, maximizing value with deals purchased, why renters want to pay rent, looking at deals during the pandemic, why Grant won’t invest in Wall Street, modeling investing after Warren Buffett, stimulus checks, and where Grant predicted the markets would go after the pandemic.

Lastly, they talk about new money in multifamily, lenders in the pandemic, Grant’s cash reserves, Grant’s vision for his own future, Grant’s Gulfstream 550, Grant’s biggest mistakes he’s made, and his advice to new real estate investors.

Connect with Grant on Instagram: @GrantCardone
Connect with Mike Tighe on Instagram: @miketighe_

Connect with Shawn diMartile on Instagram: @shawn_dimartile

Visit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals

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Connect with Rich on Instagram: @rich_somers
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