I’m pretty new into real estate, this is more of a spin off of the question, do you need money for real estate, or how much of your own does it take. Is anyone familiar with Grant Cardone and if so how does he fit into this question. My assumption and how I have so far operated was that, you save and buy as your savings and buying power allows. I’ve seen a lot of the ads and such that Grant Cardone puts out claiming you don’t need money to win in real estate. A co-worker actually paid for his classes and sort of summarized the concept to me, you make a proposal to an investor and if they like your plan, they may invest and if you follow certain guidelines for properties you will make money. I refused to pay for his class because it just seemed like I’m paying for a class to fuel him instead of working towards my own goal. My first property has gone incredibly smooth and I’m at a point where I am convinced I can replicate my process on a larger scale and start making some good money. I’m sort of stuck at this point of, should I hustle for a year or two again working 90 hour weeks tunnel visioned on saving 50k for a second property or is that a waste of my time and what I am trying to pursue. The model I’m working for is taking the traditional sober house set up, and taking the sober part out and opening it up to the entire room rental market. There’s a house manager, and individual rooms rented. It’s incredible easy for 4-5 people paying $750 per month and a house manager paying $400 a month to cover a 300k mortgage with a good amount left over after utilities and such. The coolest part is it potentially fits into the affordable housing plans of my state and I am currently working on trying line it up to where I may be able to get half the loan interest free. I rented out the three extra rooms in my house within a week and it’s been an awesome experience and I want to put my time and energy into doing it again but larger and more focused on profitability, instead of free housing and equity for myself. I should be able to manage both the properties myself, property managers would be more down the line. So the question I guess is, should I put the time and energy into trying to connect with an investor or accept that part of this game is patients and saving over time. All questions and responses welcomed.

Saint Paul, Minnesota

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