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Search resuls for: "Grant Cardone"


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Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.
Persons: , aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles
Barbara Corcoran has an unpopular opinion that sets her apart from most millionaire entrepreneurs. "I don't agree that you should work your buns off to get rich," Corcoran, the founder of real estate firm The Corcoran Group and star of ABC's "Shark Tank," tells CNBC Make It. But she never put her work before other aspects of her life, like family, health or time off, she says. Self-made millionaire Grant Cardone has encouraged working 95 hours per week to attain a seven-figure net worth. "If you can outwork the rest of the population, you're going to get lucky," Cardone told CNBC Make It in 2017.
Persons: Barbara Corcoran, Corcoran, Elon Musk, CNBC's David Faber, Grant Cardone, Cardone Organizations: Corcoran Group, CNBC
Spending and investing, Corcoran and Cardone say. "Saving, saving, saving won't bring you wealth," he said in a recent tweet . "I'm just not a believer in saving money," Corcoran, a real estate entrepreneur and star of ABC's "Shark Tank," recently told CNBC Make It . If being rich means having a lot of money, saving money should logically help you get there. You can think of saving money as parking it and leaving it until you need it.
Persons: Corcoran, Cardone, I'm, I've, Barbara Corcoran, Grant Cardone, Cash, Organizations: Cardone, CNBC, Twitter
High home prices and mortgage rates have sparked a downturn in US real estate. Grant Cardone, a billionaire real estate manager, says investors will prevent that from happening. While the housing slump is escalating this year, there's a brighter future ahead, billionaire real estate fund manager Grant Cardone told Benzinga, as published by Yahoo Finance. As the real estate market softens, strategists at Goldman Sachs projected various markets, including Austin and Phoenix, will likely see peak-to-trough home declines of more than 25%. Single family homes may be a new frontier for the billionaire known for authoring books such as How to create wealth investing in real estate.
But I wish I had known sooner how ultra wealthy people think about money. Instead, cash-flow real estate is the place to protect and grow money. On the flip side, cash-flow real estate — commercial real estate where you are making a monthly profit off of rent after your mortgage payments, property taxes and maintenance — is a great way to grow your money. This can apply to a business — the rich may contract to buy bulk supplies or equipment — or to you personal life. And most of the real estate I own today was purchased from sellers who picked me over other qualified buyers because we had existing relationships, and they had confidence in my ability to close.
Now, I draw income from the 18 companies I started, and the 12,000 apartment units I own that make passive income. Here are the four unpopular money and spending rules I followed, at a young age, that helped me get rich:1. Don't buy anything you can lease. Don't spend to impress others. Even though I now have money to buy expensive things, I still consider myself as fairly frugal.
Today, Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. They share their four top book recommendations to help aspiring real estate investors. These cover wealth building, money-saving tax strategies, negotiating, and deal making. Before Kenny Simpson and Krystle Moore met in late 2008, both had previously harbored separate real estate investing ambitions. "If you're thinking about getting into real estate, you need to read 'Rich Dad Poor Dad.'"
"The slow way to wealth is to save." It's a lot easier to make more money than to save more. Plus, if you make a lot, "it's a lot easier to save anyways," he says. "Meanwhile, the wealthy are focusing their energy on not just earning — but earning a lot of money." The wealthy are focusing their energy on not just earning — but earning a lot of money.
Self-made millionaire: Don't buy a home
  + stars: | 2016-11-04 | by ( Kathleen Elkins | ) www.cnbc.com   time to read: 1 min
If self-made millionaire Grant Cardone could give his younger self one piece of advice, it would be to skip the home purchase. "I bought a house when I was 30 years old," Cardone tells CNBC. Looking back, "I would never buy one." Houses are "traps that prevent people from ever having enough," Cardone writes on his blog. "Sold as the American dream is more like the American nightmare where people can't move, don't ever truly own and must continue to spend to keep."
Persons: Grant Cardone, Cardone Organizations: CNBC
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