The biggest mistake that I see so many people make is investing in the house flipping business is thinking it’s going to make them rich. 

I’m going to tell you right now that getting into the house-flipping business is one of the WORST decisions you could make

Especially if you want to turn a profit. 

Why You NEED To Avoid The House-Flipping Business

Most people get into real estate investing because they want to secure that cash flow and I get it…

That’s why I got into it in the first place. 

But let’s do the math, why put all of your time and resources into fixing one home and trying to sell that…

When you could just put that same investment into buying more units for the same amount of money that will give you an even bigger return in the long run?

On top of that, if you’re deciding between the house flipping business and owning multiple units, why would you want only one renter?

Having more renters means getting more money at the end of every month

And you don’t have to worry about your property staying vacant if your renter decides to leave. 

To put it simply, you could either have 20 units that each pay $1,000 at the end of the month, or you could have one home that pays $5,000 a month. 

You’re choosing between $20,000 and $5,000 in passive income.

Ultimately the answer is clear…

A HOUSE IS NOT AN INVESTMENT, ITS A LIABILITY

Why I Invest In Multiple Units

During the 2008 financial crisis…

I lost half of my clients across my two companies. 

The only thing that saved me during that time was the $200,000 I had in real estate. 

I didn’t get that wealth from buying single-family homes. That was ALL from my investments in multiple units. 

All that the house flipping business does is take away your time…

energy…

and money…

From the investments that could ACTUALLY be making you rich. 

Since then, my entire focus in my property investment strategy has been on scaling the number of units I owned. 

IF YOU WANT TO GROW YOUR WEALTH BY INVESTING IN  REAL ESTATE, YOU NEED TO SCALE YOUR PLANS. 

The biggest issue people face when trying to invest is that they’re too scared to actually move forward and commit to these investments.

Everybody thinks they need to start small…

And THATS why they turn to single-family homes.

You Can’t Scale If You Can’t Commit 

When you’re ready to start listening to the experts instead of your fear, you can begin to grow your wealth and investments. 

Stop wasting your time with the fake promises of the house flipping business

And start following the real money. 

Be Great, 

Grant Cardone

Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur. 

Previous articleEliminate Self-Doubt ONCE AND FOR ALL
Next articleHow I Taught My Daughters to Be Self-Sufficient
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.