BiggerPockets Real Estate Podcast

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

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On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. In one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars.

You are going to love this one.


Read the transcript of episode 108 with Grant Cardone here.

Click here to listen on iTunes.

Listen to the Podcast Here

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This Show Sponsored By:

b2rfinance-logoWe just wanted to give a shout out to our podcast sponsor on today’s show: B2R Finance
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In This Episode We Cover:

BiggerPockets-Podcast-Cover 300 300

  • Grant’s apology to the BiggerPockets Audience…
  • Why Grant has NEVER written a business plan
  • Why Grant chooses to put his money into real estate
  • How Grant analyzes properties to make sure he always makes money
  • Grant’s morning and evening routine to keep him motivated
  • How Grant finds deals in today’s market
  • Why Grant doesn’t advise investing in single family homes
  • The easiest property type today to get a loan on
  • Why Grant invests in democrat/liberal areas
  • The truth about getting picked on, talked about, and made fun of
  • The brilliant method Grant used to get a 1000+ unit property although he was outbid by 38 different people
  • The unique definition of success to Grant
  • Why aren’t more people doing real estate?
  • How YOU can become a part owner in Grant’s business
  • And SO much more.

Links from the Show:

Books Mentioned in this Show

Tweetable Topics:

  • “People are settling for their reality rather than working to their full potential.” (Tweet This!)
  • “While you are writing your business plan, I’m in the marketplace building customers.” (Tweet This!)
  • “Success is my duty, my responsibility, and my obligation.” (Tweet This!)
  • “I buy existing properties that are already producing revenue- and then I do my magic with them.” (Tweet This!)
  • “Focus on what you want, every day.” (Tweet This!)
  • “Real estate is definitely a timing thing.” (Tweet This!)
  • “I don’t believe in diversification…Find the right vehicle and go all-in.” (Tweet This!)
  • “If you don’t know you made money on the day you bought it, that was a bad deal.” (Tweet This!)
  • “Whatever you are criticizing, it’s your problem not their problem.” (Tweet This!)
  • “If people don’t know who you are, you aren’t buying their property.” (Tweet This!)
  • “Every time I get money, I go broke again because I shove it into this real estate thing.” (Tweet This!)
  • “We are a renter-nation.” (Tweet This!)
  • “If you could get half the US population to hate you – you could be the President.” (Tweet This!)
  • “Success is the difference between my reality and my potential.” (Tweet This!)
  • “I’m not interested in ‘happy.’ I’m interested in ‘meaning.'” (Tweet This!)
  • “You’re going to have problems, what kind of problems do you want? I want big problems.” (Tweet This!)

Connect with Grant

Grant’s Website
Grant’s Real Estate Website

Quotable Cards

For you to share on your Facebook, Pintrest, Twitter, or hang ’em on your wall!

Quote 2 - Reality Potential

Quote 3 Broke

Quote 4 - Happy

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned.

    Daniel Ryu Specialist from Irvine, CA
    Replied over 4 years ago
    I’ve seen Grant on Youtube a couple of times. He’s full of energy and definitely a motivational speaker. Looking forward to seeing what he has to say on the pod. I like his 10x strategy and I think about it whenever I set goals!
    Joaquin Marte from Philadelphia, Pennsylvania
    Replied over 4 years ago
    Great podcast guys. grant philosophy is great .I Love the whole go hard or go home mentality.
    Daniel Ryu Specialist from Irvine, CA
    Replied over 4 years ago
    I like that too.. What makes me curious is that it’s not the usual tenor of most speakers on the pod! And of course, BP describing it as one of the most ‘inappropriate’… Looking forward to listening to it this weekend when I have more time. Curious to also hear what others thought. How do Brandon and Josh handle the 10x Man??
    Ceasar Blackman Real Estate Agent from Orlando, Florida
    Replied over 4 years ago
    Honestly can’t wait to hear this, big fan of Grant Cardone
    Lamontay Garrett Investor from San Antonio, Texas
    Replied over 4 years ago
    Great Podcast! Gotta Love Apartments!
    Zachary Phelan Investor from Flagstaff Arizona
    Replied over 4 years ago
    We need to be able to watch this! Post it up like Joe Rogan’s Podcast. There is something about Grant, but I want to meet him!
    Mike Hicks Real Estate Agent from tampa, Florida (FL)
    Replied over 4 years ago
    Everybody I talk to that wants to do something with their life, I always either recommend or let them borrow my copy of 10x rule. Seriously one of the best books I’ve read in terms of motivating me to be successful. One of my favorite podcasts so far.
    Carla Andrews Real estate agent/investor from Round Rock, Texas
    Replied over 4 years ago
    I really liked what Grant Cardone had to say. Today, I started writing my goals in the morning and evening and they are unobtainable! I want to live up to my full potential! Thanks again for having him! Bring him back soon!
    John Van Uytven Property Manager from Oconee, IL
    Replied over 4 years ago
    I made the mistake of listening to this podcast before bed. Totally regret that decision it made me so motivated I had trouble getting to sleep, and I woke up at 5:30 AM this morning. I feel inspired and will be modifying my goals.
    Account Closed from Tucson, AZ
    Replied over 4 years ago
    Who is this guy! I don’t know if I love him or hate him. But man!!! He got some real good material! Really like this guy because one, he gets you motivated, and two, FINALLY BIGGER POCKETS HAS SOMEONE DIFFERENT! Not the same thing over and over. And with all due respect, this guy has a gorgeous wife!
    Dave Visaya Audio Engineer and Investor from Cebu City, Cebu
    Replied over 4 years ago
    This show is a gem! Everyone should listen to this.
    Richard Ball Real Estate Agent from Port Huron, Michigan
    Replied over 4 years ago
    Mindset, it’s mindset!
    David P. Wholesaler from Westminster, Colorado
    Replied over 4 years ago
    One of the best podcast I have listened to in a long time – also very powerful. Way to dominate and provide real motivation!
    William Newman Real Estate Broker from Milwaukee, WI
    Replied over 4 years ago
    I’m not even done listening to this podcast yet, but I had to chime in… THIS IS THE BEST PODCAST EVER! Until Podcast 200, that’s my show…. What is the matter with people? Everyone is so happy with mediocrity. Middle finger to your HAPPY shhh!!!! Get out here and get on your grind America!!!!! Get your billions back!!! And you don’t have to wait on the “Block” for it!
    Shawn Root Real Estate Investor from Seabrook, Texas
    Replied over 4 years ago
    I’m sure there was some great content in there that will filter through my brain eventually, but I found myself inexplicably depressed after I listened to it.
    Matt Rosas
    Replied over 4 years ago
    Great podcast! This gentleman is a power house and his insights are very thoughful. Thanks again.
    Matt Rosas
    Replied over 4 years ago
    Thoughtful! Should be required listening for all bpers:)
    Kyle Evans Flipper/Rehabber from Naperville, IL
    Replied over 4 years ago
    My favorite podcast! Amazing.
    Jerred Morris Investor from Austin, Texas
    Replied over 4 years ago
    I love the comments about the business plan. I’ve owned/sold 3 companies and never had a business plan starting out, never had an LLC in the beginning stages, never had a CPA or a legal team. I just went out and sold stuff. The rest takes care of itself.
    Jason Hansen Real Estate Agent from Elk Grove, CA
    Replied over 4 years ago
    Great show! Thank you.
    Lonnie H. from San Diego, CA
    Replied over 4 years ago
    Any chance that you guys will release the unedited version?
    Lonnie H. from San Diego, CA
    Replied over 4 years ago
    BP Podcast 108 is my absolute favorite since I started listening to the podcast. Thank you to Grant Cardone and BP for this one.
    Jared Schneider from Easton, Massachusetts
    Replied over 4 years ago
    this was probably the first podcast that had me cracking up the whole time and wanting to not stop listening. i wish it didn’t have to end. Great work guys.
    Mike Husson Vendor from Sunrise, Florida
    Replied over 4 years ago
    Grant is Great…! I’ve read all his work. 10x and Sell or Be Sold are excellent!
    Jonathan Makovsky Investor from Fairfield-New Haven-Hartford County, Connecticut
    Replied over 4 years ago
    Grant was amazing! I really enjoyed the change-up in the podcast. @Joshua Dorkin @Brandon Turner you guys crushed it on all accounts! The fact that he has a $350M portfolio with no equity partners totally blew my mind. It is also in addition to his other 3 businesses. I have a ton of respect for Grant and what he accomplished – absolutely amazing. I need to 10x my goals fast. Personally, my life is as much about the journey as it is about the destination, and I’m not looking to change that. But when you’re as goal oriented as Grant I totally get where he is coming from.
    Precious Thompson Rental Property Investor from Philadelphia, PA
    Replied over 4 years ago
    Amazing Podcast!
    Faun Perdue Investor from Columbus, OH
    Replied over 4 years ago
    This is why I stay with bigger pockets. Always great content.
    Armand Boissy Residential Real Estate Broker from Lake Atitlan, Solola
    Replied over 4 years ago
    Love this podcast .. very inspiring … love the approach of fulfilling one potential versus dream.. one of my best podcast…. I listen to all of them every week during my drive to Guatemala city…
    Jeremy Ferguson from Chapel Hill, NC
    Replied over 4 years ago
    Grant, great podcast. Your energy is fantastic, I admire it very much and love the mentality of pushing forward at all times to achieve your potential. I just went and educated myself a little further about your accomplishments and ..Scientology? Really???
    Matt Rosas
    Replied over 4 years ago
    Scientology? Are you talking South Park style?
    Mark Bommarito from Lakewood, California
    Replied over 4 years ago
    This was a great podcast and very motivating. I already purchased the 10X audio book and start listening to it.
    Brant Richardson Investor from Santa Barbara, CA
    Replied over 4 years ago
    Was that really Grant Cardone or did you hire Matthew McConaughey to play his part. I suppose that means there’s some part of me that I need to step back and examine.
    Wilson Churchill from Madison Heights, Michigan
    Replied over 4 years ago
    Don’t go to college if you want to study Communism or Anti-White, Minority Women’s Studies with a minor in Underwater Basket-Weaving. A solid “classical” education in a STEM field has value, not only for a specific job, but in terms of learning a variety of quantitative skills and learning critical thinking. Accounting, though not a STEM degree, is useful for understanding your business from a bird’s-eye view. Often, it is those that don’t value education that bash it. I would definitely agree with the idea that public schools are trash, though.
    Shane Willcox Professional from Santa Monica, CA
    Replied over 4 years ago
    I’d love to see Grant and Engelo Rumora from podcast 89 in the same room together!
    John Van Uytven Property Manager from Oconee, IL
    Replied over 4 years ago
    HA Oh My God Yes
    Dennis S. Investor from Chattanooga, Tennessee
    Replied over 4 years ago
    wow!!! that was power packed – enjoyed the exchange between the three of you and Grant’s straight talk. I wish we can get another session of podcast with him to get more details and tactical approach to finding properties, evaluation, loans etc… Great job guys – love it.
    John Soforic Real Estate Investor from Mount Pleasant, Pennsylvania
    Replied over 4 years ago
    Did anybody catch the part when he said he was getting 12 percent on his money in real estate? And then he alluded to interest only loans on one deal… Does he main he was getting 12% on these apartment deals on his own cash after debt obligation? I didn’t recall him clarifying this point, and I usually hear Josh and Brandon jump all over this type of detail.
    George P. Property Manager from Livonia, MI
    Replied over 4 years ago
    yes, i noticed. also noticed how his #1 objective was name recognition. he started with that, mentioned it multiple times and ended with that. I am shocked that josh and brandon did not question him thoroughly about his actual deals. they gave him 20mph soft balls the whole 1.5 hrs. but that’s this guy’s modus operandi – quick to learn a topic and act like he knows everything about that topic, which veers back to general BS that will make you like him. At one point he said “i know nothing about this business”. but he is a quick learner and a great talker, so essentially “smoke and mirrors”. his knowledge is “5 miles wide, but 1″ deep”. i loved the part where he said “i buy properties that generate immediate cash flow”. ha! who doesn’t? sheesh, i am one negative “Cat” with self esteem issues! lol
    George P. Property Manager from Livonia, MI
    Replied over 4 years ago
    hmm, so what did we learn here? let’s go through this together. 0. wants everyone to know his name, that’s why he is on the show. i bet he contacted the hosts. 1. this guy talks a lot. in fact, he loves to hear himself talk 2. has lots of money, but did not divulge any information with respect to real estate 3. hates diversification, yet has multiple companies/business 4. buying a jet, can’t stop talking about it 5. likes markets where it’s hard to get a building permit. what else? oh yeah, for anyone making “negative comments”, he has a response – “it’s on you, cat! dont be hating on me cause of your short comings”. This, btw, is talking and acting like a 18 yo. the whole time i listened to this guy (what’s his name again? Ha!), i could not stop shaking my head. It’s hard to believe that so many people like him/his style and buy his books. Just stroll over to amazon and see some of his negative reviews. Do you want to learn how to burn bridges? Yeah??? Act like this guy and you will succeed very fast.
    Jason Miller Investor from Aurora, Colorado
    Replied over 4 years ago
    I will concur with exactly what you said. Despite this fault I have been asking myself at every turn the last two weeks, how can I do more? I can’t remember a thing of Rich Dad Poor Dad, but it got me down the path. I see this podcast as no different. Take the nuggets and disregard the crap. Jason
    Katherine Thorndike Investor from N. Sandwich, New Hampshire
    Replied over 4 years ago
    Thank you George. I love Bigger Pockets but am very disappointed in the reaction of the hosts to this guy. (I am trying very hard not to call anyone names) Anyway, I have watched 1/2 of the podcast so far and am not sure I can stomach the second half. Grant is so the opposite of what I want to have in my life. I heard nothing about making the world a better place but I did hear about “putting the rents up” and all about his gas guzzling plane. Sickening. Yes, there are plenty of times that rents need to be raised but I don’t do it without thinking of the burden on the tentents. I “green” build and renovate whenever possible thinking of reducing energy costs. I would be ashamed to fly on a plane by myself and laugh about it. Grant is one of those people who don’t make the world a better place. And as for saying it is me not him? Sorry but your actions affect my world so I won’t just keep quiet about it. Grant disgusts me. And the hosts? Shame on you for agreeing and kissing up to Grant. Just because the guy has a lot of money doesn’t mean you should laugh and agree with all he says. Do you really think his way of life is something to live up to? I certainly don’t. I have plenty of money and security but don’t believe wanting more and more is the best way to live.
    Christopher Smith Investor from brentwood, california
    Replied about 3 years ago
    Way way too much shtick dog. Might be better if they got to the essential substantive points instead of the endless Bob & Tom comedy show routine. Kind of hoping I would be getting away from the pep rally marketing gig when I joined this group. Hope this is not standard fare.
    Cassandra Carter from Durham, NC
    Replied over 2 years ago
    Right he makes fun of Democrats but then says they are the best market to have rental properties with, and if you don’t like the fact that he just offended his market base (Democrats), so be it, that’s on you. Wow glad to see he’s a man of integrity.
    CJ Snyder Commercial Real Estate Broker
    Replied over 4 years ago
    He packed a whole lot of information & motivation in there…….You just got to go out there & make it happen. You don’t need all the answers on how to get to where you want to go. Just need to know where you want to go & start going it. It will all fall into place……. Those saying it can’t be done, should get out of the way of those doing it. – Chinese Proverb Here the link to my 60 Second Video for Real Estate Analyst position that he requested. https://www.youtube.com/watch?v=f1GqI6LHlV8 Corey J
    CJ Snyder Commercial Real Estate Broker
    Replied over 4 years ago
    He packed a whole lot of information & motivation in there…….You just got to go out there & make it happen. You don’t need all the answers on how to get to where you want to go. Just need to know where you want to go & start doing it. It will all fall into place……. Those saying it can’t be done, should get out of the way of those doing it. – Chinese Proverb Here the link to my 60 Second Video for Real Estate Analyst position that he requested. https://www.youtube.com/watch?v=f1GqI6LHlV8 Corey J
    Matt Rosas
    Replied over 4 years ago
    To be accurate, Grant has done 350 mil in business. His holdings are in the 150 mil range and since it is private we don’t know exactly what the empire is worth. 100 mil more than mine though!
    Brian Walsh Property Manager from Greenville, SC
    Replied over 4 years ago
    Great Podcast. You need more guys like him on the show.
    Basilio Torres Investor from Brooklyn, New York
    Replied over 4 years ago
    First Podcast and it was Great. Looking forward to selling my one family home and finally investing on a multi family unit. I need to start small but will aim higher. Thank you Grant. Will look for more of your material and educated myself more. Knowledge is power.
    Sharon Tzib from Cypress, TX
    Replied over 4 years ago
    I honestly had never hear of Grant Cardone until Ben’s post about him, but I have to say…I’ve listened to a lot of BP podcasts, and this had me lmfao!! Say what you want about him, but he is down right funny, and he puts life into a unique perspective that a lot of us don’t want to hear. I never got a college degree, I’ve never written a business plan, and I’m gonna go rip my rear view mirror off right now! Yes, most of us have a filter – but should we???? Nice show BP!
    Antwan Miller Renter from Spokane, Washington
    Replied over 4 years ago
    WOW! Grant Cardone is awesome. This is the type of real estate I would like to invest in and Grant Cardone just confirm why I want to invest in Apartment complex. I will learn as much as I can to start investing in Multi-Family unit Apartment. Thanks for the information Grant Cardone. Great interview Josh and Brandon.
    David Hughes
    Replied over 4 years ago
    I’ll be the first to go on record. I’m sending him a video resume. I’d work for this guy. David
    Account Closed Real Estate Agent from Orem, Utah
    Replied over 4 years ago
    Great interview. I’ve followed GC for a while – thanks for having him on.
    Account Closed from Fairfield, California
    Replied over 4 years ago
    Great Podcast Grant your views are right on.. best I’ve heard.
    John Hickey Rental Property Investor from Chappaqua, NY
    Replied over 4 years ago
    Great podcast. I loved the part where he said you have to know you made money the day you closed. The no filter part was great too. He said he loves to buy in heavily Democrat or Liberal areas because building new construction is more difficult and so rents and occupancy rates are higher, that is just so true for me.
    Jon H. Investor from Kent, Washington
    Replied over 4 years ago
    Great podcast, eye opening goal setting techniques! Its great to hear from Grant’s $350 million dollar perspective. Particularly that he’s still looking to greater heights. I’m goin for my full potential! Life is so much more meaningful and deeper than the money, I feel that he made that pretty clear. Great tweetable topics. Thanks Josh, Brandon, and Grant… It made a difference.
    Donte Jones from Atlanta , Georgia
    Replied over 4 years ago
    Im going through the 10x Rule for the second time. Very inspirational. Success is your duty, responsibility and obligation.
    Matthew Jones from Moreno Valley, California
    Replied over 4 years ago
    After I finished listening to this I promptly listened to it again. Then I listened to it with my mom. Then with my mom and wife. When my kids get older I will make them listen to this too. Thank you all for your time and insights. Cheers.
    Yasmine Bisumber Realtor/Investor from Miramar, Florida
    Replied about 4 years ago
    This podcast blew my mind! Going to buy the 10X Rule TODAY! Haha, I am going to be greater than Grant.
    Yasmine Bisumber Realtor/Investor from Miramar, Florida
    Replied about 4 years ago
    Ordered the audio version of the 10X Rule. Excited isn’t even the word!
    Debra Muth from Palmyra, Wisconsin
    Replied almost 4 years ago
    I just listened to this podcast and all I can say is WOW! This was motivating! I also own 4 businesses and from time to time get down about being busy and working so hard. But today I listened and was motivated again! I have been looking at investing in real estate for a few years and just have been the one who made excuses why I can’t do it. I have been stupid this gave me the guts to get going and just take a chance.
    Gordon Cuffe Investor from Roseville, CA
    Replied almost 4 years ago
    I only heard of Grant about two weeks ago on periscope. I am finding it ironic that he did a podcast on biggerpockets. It seems that a person needs to make a lot of money so that they have extra income to invest into real estate.
    So Heng Care Review Processor from Long Beach, California
    Replied almost 4 years ago
    amazing motivational podcast
    Murat Refik from Ilford, Greater London
    Replied over 3 years ago
    I have only recently come across Grant Cordone, in fact, less then two weeks and counting. What can I say about this guy, I am hocked, he is exceptional, always adds tons of high value content daily, a man who over commits and over delivers. I am someone who strives for excellence in every aspect of my live, continually improving, and his 10xing everything has opened my eyes in they way not only thinking on a whole new level abundantly, but how it doesn’t take money to dominate your space, it takes time and effort, as the real enemy is obscurity.
    Dakeisha Seals from Eastpointe, Michigan
    Replied about 3 years ago
    He’s awesome
    Adam Schroeter Investor from Pensacola, Florida
    Replied almost 3 years ago
    So as Mr. Cardone says, if you can make half of the country hate you, you can be president. How true that seems to be. Foreshadowing? I was going over my favorite pod casts and that strangely stuck a note. Great show. Now to 10X those goals.
    Micah Wilfong from Indianapolis, Indiana
    Replied almost 2 years ago
    I just listened to this podcast today August 30th, 2017 and my jaw dropped when I heard him say this quote at the 40 minute mark of the episode from Feb. 2015!
    Frank Sanchez Rental Property Investor from Chicago, IL
    Replied over 2 years ago
    I’ll take a pass on motivational speakers. This make me feel good approach helps some, but I’m more pragmatical. Also, I lost all interest after he said he doesn’t believe in diversification. That was a short podcast for me! Great!
    Quin Weidner Developer from Austin, TX
    Replied over 2 years ago
    “If you could get half the people in this country to hate you, you could be president” -Grant Cardone
    Jared Schneider from Easton, Massachusetts
    Replied over 2 years ago
    @brayanmartinez You need to listen to this podcast!
    Jared Samsel Rental Property Investor from Minot, North Dakota
    Replied over 2 years ago
    @Brayan Martinez Check this podcast out.
    Stan
    Replied over 2 years ago
    Great post..! Amazing podcast. really inspiring and motivating. Thanks for the share. Keep posting ..
    Don Spafford Investor from Idaho Falls, ID
    Replied almost 2 years ago
    So just curious if any BP members got the job. Had I been on BP back when this aired I would have happily applied.
    Nathan G. from Cody, WY
    Replied almost 2 years ago
    This entire thing struck me as a used car salesman pitch. Maybe he’s a real expert in real estate but this podcast didn’t show it and it didn’t teach me anything. Some people are really successful at selling themselves and that seems to be his mode of operation. There’s nothing wrong with that; it’s just not for me.
    Son D. Rental Property Investor from boston, ma
    Replied over 1 year ago
    No one could have predicted Donald Trump as president huh? They should have asked grant cardone!!!!!
    Tavares Melton from Corpus Christi, Texas
    Replied over 1 year ago
    Smart negotiator?????
    Tom Felden
    Replied over 1 year ago
    Build a home on a budget see 1fhd.com to see how
    Jovan Hardwick Flipper from Saint Petersburg, Florida
    Replied 5 months ago
    Great R rate podcast! If you didn’t get anything from this podcast but attitude it was worth it!!!