All Forum Posts by: Redgy Saint-Germain

@Brandon Brown I'm with you on that, I would go with the second property. 

Try the BP calculator to see your ROI, it will help you with your decision and a 203k will allow you to put down 3.5% down instead of 20%.

Good luck

@Scott Trench Right, after reading " Be obsessed or be average" I've realized Grant`s story is totally different than most of us. It may take years to build a 350k to invest in a 38 units. I am not also asking myself if he is aware of the BRRRR strategy, wholesaling etc. Don't get me wrong, the motivation part is there and I think GC can get the majority of the people thinking big but I have a problem with him saying "buying a SFH is stupid". He doesn't even believe in house hacking from what I heard him say in one of the youtube videos.

With so many newbies trying get started, it is up to us to show them the best and safest way to invest.  Waiting to have 100k in a bank account to get into multifamily is not smart but it is what he is preaching. He also said in a show " if you have less than 100k cash you should not be thinking about investing in real estate because you're broke". I can think of 5 ways to double 100k that doesn't involve a 16 units. 

With GC it's easy to get confused on the right path to wealth and I think BP is doing a great job teaching us that you don't have to believe in Grant's philosophy to be successful. 

Redgy

@Joe Splitrock  #2 

https://grantcardonetv.com/8-money-mistakes-to-avo...

Redgy

@Joe Splitrock

@Todd Dexheimer

@Gwen Fyfe

I think the biggest question is " when will you know you are ready to 10X your business?" . If you have 10 units will you look for a 100 units or keep adding properties to your portfolio until you reach 100?. If we are listening to GC we shouldn't diversify at all, I personally think this is BS. We have many successful people in this business with a diverse portfolio. 

Learn what you can from GC but eventually create your own path

Redgy

@Austin Fruechting Maybe I explained myself incorrectly, I will never listen to Grant in terms of how many units I need to buy. He claims everyone should start with 16 units minimum, im working on a 12 units now. What makes sense for him is not gonna make sense for me because we dont have the same story. When I said he sets the goals I meant in terms of aiming high and achieving more. I know my "why" I know my numbers already, the motivation is there, listening to him gives most ppl the adrenaline that they need. At the end of the day we should create our own path. 

Redgy

@Matthew Olszak Ohhhh man I like your message a lot,  GC sets the goal, BP is the roadmap to get there. Couldnt have said it better mannnnnn, perfect way to bridge the two. 

Redgy

Originally posted by @Austin Fruechting:

Find your path.
I ended up in somewhat of a hybrid, but probably closer to the BP side and went to 141 units in 7 years, and adding more next month (7.25 years). I started with regular deals and they kept growing in size.
GC and his book the 10X rule has some good stuff, but stuff I don't like/agree with either. If you go all in on what he's saying there's a good chance you end up like this example in the book The Subtle Art of Not Giving a F$*k:
"It’s true, caring is what’s got us all f$*ked up. We care about the wrong damn things. For example, in the book, Mark talks about a guitar player who got fired from his original band. The guitarist vowed to become a rock legend. He filled stadiums, sold millions of records and won numerous awards. Yet, later in his life, when he was interviewed, he tearfully claimed his life was a failure.
That guitarist was Dave Mustane from Megadeth and the band who fired him was Metallica. Although to you and I, Megadeth was a huge success, to Dave, they were never Metallica. See, Dave gives a f$*k about the wrong sh*t. He gave a f$*k about how big Metallica was. Instead, he shouldn’t have given a f$*k and f$*king enjoyed the f$*k out of what he was f$*king doing. "

Read Rich Dad Poor Dad, BP, 10X Rule, The Subtle Art of Not Giving a F$*k, Think and Grow Rich, and get The Daily Stoic... then figure out your path, and learn to be happy at wherever you're at.

 Right on, 

When I first started I didn't think I was gonna like it you know knocking down walls, choosing new floors etc, but I love it man, working on a rehab gives me freaking joy. I love making decisions, I love banging my head against the wall trying to figure out what would make a triplex stand out in an area, I love all the aspects of real estate. I do want to scale up but I think the GC way is a bit crazy. 

I have to say, his advice on " Debt, Income and Taxes" have some value.

Redgy

@Filipe Pereira You are right on point. He is a great motivational speaker but I think the BP way is the best way to get started for most people, at the same time if you're not thinking 10X you may underestimate the time and effort needed to scale up your business. Its like an internal battle for me now.

There are so many ways to invest 200k other than investing the whole thing into a 10-16 units that would generate quicker cash 💰. A few flips can double that money shortly 😜.

Redgy

@Kurt Phillips I figured. I believe grant had over 300k to invest when he got his 38 units.  it will take time for people to build this kinda cash.

Redgy

Hey guys, I been following Grant Cardone, read the "10X rule" "Be obsessed or be average " etc but I feel like the Grant's message is a bit contradictory to what our BP contributors are suggesting(start small and work your way up). Ive done quite a few deals, gained valuable knowledge in real estate because of BP and will always be grateful to have such a wonderful platform and good contributors. I am looking for your thoughts on bridging Grant and BP to get the best of both worlds when looking at scaling your business. Redgy