Grant Cardone
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I had 1500 people invest with me that have never invested in Bitcoin.
They invested because the two were together.
I had half the audience did not invest with me in real estate and they'd been watching me for 20 years.
But because I put the two together, it became a more attractive investment for them.
Yeah, we have that real, that cash, the asset has to be below replacement cost and it has to still be cash flow positive.
So that's our criteria.
So with that cash flow, I'm either going to fund projects, CapEx, furniture, or I'm going to buy more Bitcoin depending on what's going on.
Well, I try not to sell.
I hate selling anything.
I mean, middle-class people sell stuff.
But if you want to get wealthy, if you study wealthy people, they just never sell their shit, ever.
They refinance it.
So what I would typically, what I would do, would hope to do, we refinanced two deals last year that we had bought nine years ago.
The average return, we still own these assets.
The average return after this finance for the investors has been 47% a year.
for nine years without the Bitcoin.
So that's what we wanna do with the real estate.
We wanna wait seven or eight years, wait for rents to grow.
All I need is a $25 rent bump every year, every year.