One of the biggest REI Mistakes you can make is to buy real estate on a budget. That means you’re going to play small, which, in my experience, won’t work. This isn’t like buying groceries.

“I have just X amount of dollars to spend, so this small thing is what I’m going to buy.” If you think this way, you’re already starting off on the wrong foot.

Why is buying real estate on a budget a bad idea?

Look at both sides of that number you have. How do you know it’s not making you miss out on a good deal? Maybe the greatest deal you can buy is over the current budget you’ve set for yourself.

Therefore, you need to learn how to raise capital so you aren’t confined to a certain number.

That way, you won’t end up losing what could be the deal of a lifetime.

If you’re new to the real estate game, I want to invite you to register for the LIVE Free Real Estate Training I’m hosting. I’ll cover how I find, buy, and underwrite deals, as well as raising money and using debt in real estate.

The three biggest mistakes I see real estate investors making are:

  1. Not buying in the beginning because they don’t know what they’re doing.
  2. Buying too small because they think bigger deals are riskier.
  3. Learning what you can afford; it may be more than you think.

So, what can rookie investors do to level up their game?

  • Learn how to read the expenses involved in a deal;
  • Raise money if required for bigger deals;
  • Most importantly — never restrict deal-buying with a budget.

I don’t look for deals anymore based on how much money I have; I look for great deals and buy them.

When a real estate investor does that, the money will come. On the other hand, buying real estate deals on a budget will only limit options.

What will you choose?

Be Great,

Grant Cardone


This content is intended to be used for educational and informational purposes only. You should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Grant Cardone’s opinions are not recommendations or endorsements from any of the Cardone Companies. 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. Investment involves 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 financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur. Any opinions expressed by any participants are not the opinion of CTTI or Grant Cardone and we do not endorse any of the data or opinions given by others.

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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.