The Rich Somers Report

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

March 19, 2024 Rich Somers
The Harder it is to Buy, the Easier it is to Keep | Grant Cardone E163
The Rich Somers Report
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The Rich Somers Report
The Harder it is to Buy, the Easier it is to Keep | Grant Cardone E163
Mar 19, 2024
Rich Somers

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

--
Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.

Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.

Show Notes

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

--
Connect with Rich on Instagram: @rich_somers

Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.

Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.

Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.