Grant Cardone
π€ SpeakerAppearances Over Time
Podcast Appearances
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.
I don't need 250 or $500.
I need 25 bucks across 15,000 units.
$25 gets me 80 million in new values.