Real estate investments can be an excellent way to generate passive income. Unlike other investment options, property management companies make investing in real estate much simpler and safer for anyone entering the market. Real estate is also a tangible asset which generates cash flow while appreciating in value over time; plus it makes for tax-friendly investing as mortgage interest, property taxes and renovation expenses can all be written off against your tax returns!
Grant Cardone is an internationally acclaimed speaker, equity manager, and real estate investor. He founded Cardone Enterprises and Cardone Capital – two real estate management firms responsible for over 12,000 multifamily properties – as well as being a New York Times best-selling author who has appeared on shows such as Discovery Channel’s Undercover Billionaire and The Rhonda Swan Show as well as having over 2.51 Million YouTube subscribers and running an effective coaching/mentoring program.
The Grant Cardone Real Estate Masterclass is a 12-month training package that equips you with all of the tools and support to become an effective real estate investor. Plus, with assistance and guidance from Grant Cardone’s team of experts. Suitable for both novice and seasoned investors alike, this course provides step-by-step guidelines on purchasing and managing both residential and commercial properties while helping avoid costly errors while increasing profit margins.
Discover everything from finding property deals to making sure you get maximum return when buying and selling properties with this course, featuring video recordings of Grant’s live events as well as videos by Cardone’s top business experts. In addition, gain access to Grant’s private network where you can pitch deals directly while receiving mentoring support directly from Grant himself.
Grant discusses several essential elements for increasing and closing sales in this video. Negotiation strategies, poise, and forward thinking are essential traits needed to successfully close deals; additionally he stresses the importance of having the appropriate attitude and mindset as essential ingredients in improving success rates.
An important consideration when purchasing property is financing it with variable interest rates, which can result in increased carrying costs if rates rise. If you look at Cardone’s 10X Miami River property brochure, for instance, its financing includes a variable 3.75% rate which makes carrying costs significantly higher compared to locking in a fixed rate option.
REIT investing can be a fantastic way to earn passive income from real estate. But to succeed, you must first have the appropriate mindset and capital, patience as it may take years before seeing any returns, and an understanding that REITs are not liquid; investing immediately could prove risky.