I don't ever talk bad about anybody but this was just a rather ugly experience I had. As most of you know, Grant Cardone is a mega real estate guru. He hosted a few twitter spaces the last couple nights to offer his input on other peoples lives and about their questions regarding REI. So, as someone just getting started (less than 2 years experience) - I'm excited, I'm ambitious, and I want to ask questions.
So I get called on finally after waiting for almost two hours between the two nights, we talk a little about his event he's trying to sell in Miami, I connect with him on that level - like, oh ya! I love Miami, lived there for years... blah blah just small talk. So I pose my question to him in front of maybe 500-600 people live on twitter spaces. Here it is:
"Grant, as someone who is just eager to get started in REI on my own, but I don't have a lot of capital what would you suggest? It sucks for me right now because as a Mortgage Loan Officer I wake up ever day and I help others pursue their REI missions - but none are my own. Don't get me wrong, I love my job - but 100% commission in an industry that's slow these days has me just getting by financially and I want to get started NOW. My girlfriend is in law school and our goal is to start REI by house hacking once she graduates and we have two streams of income (one more reliable of course)" - That was basically the gist of my question and remarks.
His answer... "Find a driver, if you don't have capital find someone who does and get in the car with them" I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.)
He asks me "How much do you make a month?"
Me - " Well, the last two months have been great, about 5 loans a month and maybe 10K before taxes" But prior to that I have be getting by with maybe 1/2 closing a month if that?"
GC - "Well keep grinding and save to start" (this is obvious, but not insightful)
Anyway, while his answers and feedback were unclear and provided little to no use for me, I was removed from being a speaker and immediately he said LIVE in front of this crowd "That kid is a bullsh***er, a bullsh***er, bullsh***er . He's got his head wrapped around a punanni and he's just such a bullsh***er. I don't believe anything he says."
First off, what did I say? I was appalled. Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who promises he can change your life, my success stories will make you rich, my methods work guaranteed salesman just ripped into me for a reason I really have no idea why. It hurt for a second, I won't lie but I guess I'm writing about this because I felt the need to share the story with a community full of other investors on the feedback and utter disrespect on my personal experience from a billionaire RE investor talking down to someone whos at the bottom.
Moral for me and the take away is I still never let anyone affect my direction or course of action. And, I really don't care at all but as someone who carries knowledge and has that much monumental success that bashes another individual to get a few laughs on his twitter space is childish and embarrassing. I have my REI plan and although I want to take action right now, its tough with little to no capital. That's all I wanted to talk about. Either way, I continue to work with my investor clients, LLCs, and syndications on finding the best financing possible for their next transaction because I love to. I'm just super eager to start my own now!
Nothing more folks, thanks for reading my rant!
