Waterman, IL · Member since 2016 · 13 posts · 1 vote
So I was watching a live webinar on Facebook last night and caught the tail end of it, and Grant Cardone said not to buy houses that it's the worst time ever for it. Am I missing something? I am in the Chicagoland area, and I was thinking it seemed like the housing market was doing pretty good! Does anyone know why he would say this?
I am far from a expert but what I do know is right now housing prices are back at all time highs good for sellers bad for buyers if that makes sense . I hear this from a lot of well established people in real estate daily . My advice is get a GREAT DEAL not a good deal on a property something way under value someone needing money maybe off market vs Mls list . I hope this at least helps you some what I'm sure the experts can add more better value or insight .
I am far from a expert but what I do know is right now housing prices are back at all time highs good for sellers bad for buyers if that makes sense . I hear this from a lot of well established people in real estate daily . My advice is get a GREAT DEAL not a good deal on a property something way under value someone needing money maybe off market vs Mls list . I hope this at least helps you some what I'm sure the experts can add more better value or insight .
John Widlacki
Grant Cardone has been saying for a long time not to buy single family homes and not to buy a single family primary residence.
He believes strongly in multi family and his philosophy is rent where you live and only buy what you can rent to others.
I couldn't tell you why. There is never a good time, or bad time, to buy houses. There's only good markets, or bad markets to buy houses in. He's probably basing it on the markets he uses and is familiar with.
Me, I'm buying.
Profit is made when you buy, and is based mostly on the strategies you use. The more strategies you know, and are equipped to execute, the less his statement holds true.
Thank you everyone! Yes I would never buy a OK deal, it always has to be a good deal and makes sense. I just wasn't sure if he knew something I didn't LOL. I believe obviously multi families the way to go, I was just looking at flipping homes to make money to buy multi family.