Is Grant Cardone crazy or am I just scared?

[Daniel J.]

I fully realize Cardone is a very polarizing individual, and that’s an understatement. I do disagree with him on some things, I’m not out to build an empire and we will probably always own our own home for various reasons. I do understand though the reasoning behind why he says you should scale up as quickly as possible to mitagate a lot of the costs with sheer volume. I also have my concerns with going from zero to literally 100, or frankly even 25. I have zero experience at this point and so stepping in and using investors dollars at that’s scale seems quite risky, and almost frankly misleading. I wouldnt be intentionally misleading them, but giving them confidence I can pull o off something I don’t have the strong experience in. Am I just scared and Cardone is right, or is caution better?

For some back ground I am located just north of Houston, have financing for the 300k mark working a JV deal. My goal is to start in 2-4 units to get my feet on the ground, and then hopefully jump into the 6-25 range and go from there.

Thanks!

Daniel

[JD Martin]

This is just extreme ends of a scale, from doing no deals and just watching your whole life to doing thousands of highly leveraged deals. I have a running joke - "Who's Grant Cardone?" but when I say that what I really mean is "Who cares what Grant Cardone thinks?". You're not Grant Cardone, so you don't need to structure your philosophy around what Grant Cardone thinks. 

Cardone is good for illustrating possibilities. But not all possibilities have to be reality. It is technically possible for me to become an astronaut, but I'm pretty happy just sitting on the front porch drinking lemonade (or a beer, if you don't like lemonade). You can go do 10,000 highly leveraged deals, if that's what you want to do. Or you can just try doing *a deal* and seeing how that suits you. Some people find they love this. Some people love just chasing the deal. Some people (like me) just like strong cash flow and are satisfied with less units to deal with. 

So I would say don't worry about Grant Cardone, get 1 deal under your belt, and see how you feel.