Storm Lake, IA · Member since 2017 · 20 posts · 9 votes
Hi everyone! So I am a huge fan of Grant Cardone. I love his drive to be the best, how hard he works, and his real estate investing strategy. If you had to give a 23 year old advice on how to get to Grant Cardone level, what do you think would be necessary to get to such a big level of wealth? I'm working at a bank (I analyze commercial real estate loans), and I am living frugal right now to save money for a house hack in Des Moines, IA (most likely). I think it would be beneficial for me to get my real estate agent license and dive into that full time and bartend at night - I believe this will help me make enough money while getting to know more people. I plan to house hack every year for awhile and then scale into large apartment complexes and townhomes. If you have some insight on the best way to go about this, I would love to hear it! :)
GC: One thing to keep in mind about Uncle G is that he apparently works 12 hours a day, and 90 hours a week. Not many can live at that level. If your goal is to be similar to Uncle G, he'd recommend increasing your income at your 1st job (commercial RE loans) before adding on other roles (e.g realtor and bartender) but also get a commission off your labor.
BP: If you're asking for the BP community's advice, I'd recommend keeping your current role and only bartend to increase your income, so long as it does not take away from your primary income source.
Me: Go for the househack (2-4plex) and then build your portfolio according to your personal goals, whether that be more residential or into the Commercial space.
One of my first jobs was pulling credit reports on folks who were applying for personal loans. I learned how credit scoring works from the inside of a bank, and it has changed my life. I suspect your job in the commercial side of the house will likewise change yours. Learn everything you can there. You’ll learn who the movers and shakers are.