Seller Beware

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seller beware

Have You Seen This Video?

We recently released a video that reveals the details of Grant’s new breakthrough program…

One that could help up to 1,000 lucky people 10X every part of their lives. Click here to get the full scoop…

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Fellow 10X’er…

You’ve heard of the phrase “buyer beware.”

Well, when it comes to residential real estate in 2022… it’s now “seller beware.”

Here’s why…

In June, about 403,000 homes went under contract to be sold.

But about 60,000 of the deals fell through.

That’s more than 1 in every 7 sales falling apart.

Which is the highest default rate since Covid brought real estate to a grinding halt in 2020.

Why are more buyers backing out?

Because inflation rates are driving mortgage rates through the roof.

The Fed recently raised rates by ¾%.

Which might not seem like a lot.

But it’s the difference between a whole lot of people being able to carry the payments or not.

And even if those buyers are willing to fork over the extra dough… the banks may no longer want to lend to them.

Here’s the takeaway…

Inflation is going to make it so more and more people have to rent.

Which is why occupancy rates in many of my multifamily properties are at an all-time high.

And we’re able to command higher rents, too.

In other words, inflation is good for multifamily real estate investing.

But I keep telling you that 🙂

If you’re ready to get in the game, grab your free book here.

Keeping it real,

-Grant

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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.