How to Underwrite a 3.5 Million Dollar Deal

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For non-accredited investors, this is a solicitation of an indication of interest. No solicitation or acceptance of money or other consideration, nor of any commitment, binding or otherwise, from any person is permitted until qualification of the offering statement.   Real Estate is about commitment. When you’re picking your spouse, you have to ask yourself if you want to be with that person for the rest of your life. You’ve got to be invested in the deal. You have to KNOW if you want to be invested in the neighborhood, whether you like the area, what rents are going for, and if they can be improved. Don’t go less than 16 units—that’s the rock-bottom number. Anything less, like 4 units, will be the first to get crushed in economic downturns. Here a quick real estate checklist: Do you want It? WIll it support you with Cash FLow? Can you exit with profit? When you look at the NOI, you have to decide what you’re willing to chase. You need to look at deals that produce enough income. Do you know what a 1031 exchange is? It’s when you roll the profits of a deal (when you sell it) into a another deal. This allows you to defer paying taxes. Usually, you’d have to pay taxes on any capital gains that you make when you sell a property. Instead of paying it, you can roll that money into another deal. This is the way the wealthy trade up their deals and delay paying taxes. For more go over to http://www.cardonecapital.com
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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.