It seems that Grant Cardone is now getting into the real estate field, and he’s doing so in quite a big way. Over just the past two years, he has already spent $250 million on properties all around Florida. He says that this first push is just the beginning, and hopes that he can invest a billion into the state before the close of the decade. He relocated to Florida from Los Angeles two years ago, which was when he started to buy up the property.
At the rate at which he is going, it seems as though that’s a very sound estimate on his part. Recently, he bought the Wellington Club in Lake Worth. The price paid for the 204-unit property is undisclosed. The Daily Business review says that he is also in the process of buying another property, this one in North Miami. In an interview, he said that there are many reasons to keep buying properties in Florida, so it doesn’t make sense to stop.
It’s true that Florida is a very popular place when it comes to real estate, and there are plenty of opportunities for those who want to invest as big as Cardone is doing. However, it’s also a haven for the smaller investor who might simply want to have one or two condominium units to rent out as an investment, since most people don’t have the capital of Mr. Cardone. Click here to view Miami real estate investment opportunities
So, Who Is Grant Cardone?
For those who don’t know, Grant Cardone is one of those guys who seems to have done it all. He started as an auto salesperson, and grew into someone regarded as a true international sales expert, not to mention a New York Times bestselling author. The five books he has under his belt include The Closers Survival Guide, Sell to Survive, If You’re Not First, You’re Last, Sell or Be Sold, and The 10X Rule.
He is also a television commentator, as well as the host of the radio show The Cardone Zone. He creates sales training programs for Fortune 500 companies, and is the founder of three different companies, including Cardone Real Estate Holdings, Cardone Enterprises, and Cardone Group. He also works as a motivational speaker. Motivated does not even begin to describe him.
Once you start looking into his accomplishments, you can see that his goal of spending a billion investing in Florida by the end of the decade is quite doable. In fact, chances are good that he could do that even before the close of the decade given his current pace. It should be interesting to watch and see what happens over the next few years as he buys, and possibly starts developing, more properties.
Even though most don’t have the money that Cardone has, that shouldn’t stop them from looking at buying in Florida. Individual units can be a great way for someone to start investing right now. Plenty are available, and it is possible to find them at a variety of different price points.