Grant Cardone says go bigger!

[Alec McGinn]

I listened to the bigger pockets podcast episode with Grant Cardone today while at work. The number one point I took from him was to go bigger. Just when I think I have my investing strategy figured out starting out with duplex and 4-plex properties and scaling from there Grant says that is a waste of time. Other points Grant made that stuck out to me are to never buy real estate with a budget, to analyze 100s of properties before buying one, and buy properties that rent in the 800-1000$ range for various reasons. Now obviously listening to Grant Cardone gets me all jacked up wanting to go big, but is this feasible to go straight for the big deals and raise the capital? Where would you start if you are trying to go big?

[Brian Burke]

It’s great to go big!  And it’s great for book sales to fire people up to go big.

But it’s unrealistic to think that everyone that says “I’m going straight to the big time” is actually going to the big time. In reality, they are more likely to give up on investing altogether because they feel like a failure when they can’t meet their unrealistic expectations.  Which plays right into Grant’s hands, because that’s a great way to recruit passive investors for his deals...

Success is like a ladder.  You climb from rung to rung until you reach the top. So yes, go big as fast as you can, but don’t try to start there.  Unless you are particularly adept at jumping to the top of ladders without breaking a lot of bones.