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  • I need a third business not dependent upon my genius, My personality.

  • And this was the first business that could run by itself.

  • It was really It was apartments.

  • Unlike what you have here, you don't really have what I buy.

  • OK?

  • In the UK So these air large apartment complexes, 50 units, 103 100 units, 500 units where people rent where they live.

  • Okay, right.

  • Not these tall skyscrapers with most people buy individual.

  • No, no, no.

  • Those are one.

  • Those are single units in a big building, right?

  • That a bunch of people share these air these air.

  • I want the renter.

  • I don't want to sell the unit, right?

  • I want the I want to cash flow.

  • That was the third business.

  • Okay?

  • And why real estate?

  • Why that asset class for you?

  • You said before you only invest in things you can see.

  • Yeah.

  • You know, I've just always loved real estate.

  • I think I think most people resonate.

  • Real property resonates with people.

  • Unfortunately, most people, just by the wrong kind of real estate, you know that again.

  • It's a selfish decision tohave a home.

  • Okay.

  • Most people shouldn't buy home.

  • No one's about interesting, which is the opposite of the imams were not built for people.

  • Homes were built for banks.

  • The bank created that product to sell money.

  • You can't just loan people money.

  • You needed product in between.

  • Like when people start really understanding what I'm telling.

  • They're like, Wait, what do you just like the bank can't lend money for just money.

  • Like you need a reason to borrow money.

  • Oh, you're starting a business.

  • That's a reason.

  • But it's really risky for the bank.

  • What if a bunch of bankers sitting around drinking bourbon do we need to lend more money?

  • We gotta lend money out, man.

  • That's how we make money.

  • We get people to give us a dollar.

  • We lend it out nine times.

  • I read that book when I was a kid man, when I was 16 years old.

  • So we lend it out nine times.

  • We need something to lend the money on.

  • So back in the fifties there, like everybody should have a home, they grant everybody should have a home, right?

  • Oh, man, that's pretty good.

  • This we should call it something like the American dream.

  • You can just call it house, right?

  • Everyone should have one, right?

  • They got the politicians behind it.

  • Yes, everyone should have one.

  • And then what they did was basically those homes were built for banks, cause who made all the money on the humps?

  • Wouldn't even the builder certainly went home alone?

  • It was always the banks.

  • Ecologist was another scheme by the bank.

  • Okay, Everyone should have a proper education, but they don't have the money for, but they should have it.

  • And is they offered debt is a offered free loans to college students and families.

  • Those tuitions went up, right?

  • So we've been sold a big old fat lie and what people say when you tell him that you're crushing everything they've been told their whole life there like no grant.

  • That's not true.

  • I want to own my home.

  • Most people are gonna write me after this interview and say, Can you explain that again?

  • Should not Oh, no, no, no.

  • You should never own Lindores, right?

  • And you had a horrible experience with your first single family home.

  • By you meant nobody's done.

  • The research shows no one.

  • You've been hanging out with the wrong people, Grant.

  • Probably so that taught you a lesson?

  • Stay away from single family homes.

  • I want a certain type of person with certain type of income that wants a rental Property doesn't want by.

  • And I'm in this asset class and I know how to do it.

  • And it was I mean, we could do Look, I could come here and we could do four hours on real estate.

  • Yeah, no, I just want to cover it.

  • So Okay, but it's interesting because, like, I don't think most people know that you're like, I do this thing.

  • I mean, most people never heard a real estate guy which you're not.

  • You taught, Say, don't buy home.

  • Yeah.

  • I mean, that's fascinating statement right there.

I need a third business not dependent upon my genius, My personality.

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A2 lend real estate estate grant people home

THE HOUSE MARKET TRAP: Grant Cardone Reveals Why You Should Never Buy A Home In This Economy

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    林宜悉 posted on 2020/09/01
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