Are We at the Top of the Market?

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How do you determine if you’re at the top of the market? When cranes are in the air, beware. If you see cranes everywhere, you are at the top of your market. We haven’t had a real estate collapse since 2009—that is 8 years of prices going up. You don’t want to buy at the top! There will be a pull back, it’s just a matter of when. Builders over build. Yet every 10 years, apartments double in value. Always keep in mind rents, rates, and supply. 1.Know you market—This is a prerequisite for doing anything in real estate. 2.Know the rents—What’s the cost to build? 3.History—What’s the history been on the place? Go back 5 years on the T12’s. 4. Plan for a pullback—The market won’t go up forever. Be careful not to buy at the top! 5.What’s the market going forward? Look to the future. The place to learn real estate is not in a book, it’s in your neighborhood. Analyze the deal you live in.
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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.