162: How to Find Your First Deal

Grant Cardone offers insights and advice to help the middle class break out and achieve true freedom in business, career and finance. Each week NY Times best selling author, self made multimillionaire entrepreneur and international sales expert Grant Cardone focuses on matters affecting the middle class. Whether it's jobs and careers, finance, entrepreneurship, Grant's real, raw in-your-face delivery serves as a wake up call for anyone ok with just being comfortable. The Cardone Zone is like no other business show presently on air. After one viewing you'll be inspired to make success your duty, responsibility and obligation as you break free of the middle class and break into true freedom.

On the second Friday of every month, Grant does a real estate episode on Cardone Zone. This week Grant talks about multi-family apartment buildings.

You have to be completely sold on investing in them. The deal size you should be looking at is 3-4x the size of your savings for the investment.

For example: If you have 50,000 you are looking at 150,000-200,000 investment properties.

Go within 5 miles of where you live. You need to understand the neighborhood, because if you don't your certainty goes down and you won't pull the trigger on a deal.

How Do You Start?: • Pick a Neighborhood You Know • Determine your Down Payment • What Cash Return Do You Want? 10-12% Cash Flow

Remember that 'Cash Flow' is king. It is the most important financial business decision and understanding you must have to stay in business.