The Cardone Zone Analyzing your First Real Estate Deal
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Oct 27, 2021 Get ready to dive into real estate investing! Discover the essentials of analyzing potential deals, from cash flow to tax benefits. Learn the significance of metrics like the 1% rule and gross rent multiplier to identify lucrative opportunities. Explore the advantages of self-directed IRAs for higher returns and how job growth impacts market viability. With insights on renovations and market dynamics, this discussion is perfect for beginners looking to navigate the exciting world of real estate investments.
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Analyzing Your First Real Estate Deal
- Analyze potential real estate deals to ensure profitability before investing.
- Consider factors like location, cash flow, appreciation, and tax write-offs.
Starting Small
- Start with smaller deals (e.g., a $70,000 property) requiring a lower down payment (3-5%).
- Consider less expensive areas outside of major city centers.
Grant's First Deal
- Grant Cardone started his first real estate deal with $3,500 borrowed from his mother.
- He told his banker it was his money, which was accepted as the down payment.