FUNDAMENTALS
OPPORTUNITIES
AMERICAN REAL ESTATE IS IN A STATE OF OPPORTUNITY REI Talk
by Grant Cardone
s I travel around the world, ev- erywhere I go the conversation
every other country in crisis, I say “no, gracias.” Meanwhile, the Amer- ican real estate market is in a state right now where there are more opportunities for investors than ever before. America has always had one of the strongest real estate markets in the world. Today, according to AFIRE (Association of Foreign Investors in Real Estate) the U.S. is still far and away the best place to invest in real estate. In fact, six of their top ten cit- ies in the world to invest in are right here in America. Even better, the usual suspects like New York aren’t where the big money is anymore. Up-and-coming communities in the South and Southwest are where the real opportunities are, so where do you think I’m investing? Even now with COVID-19, the housing market is still strong with demand for rental properties in particular, reaching an all-time high with no signs of slowing down. My real estate investment fund, Cardone Capital, has gone all-in with multi- family apartment residences in the 300-500 unit range and the returns
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turns to real estate. That’s fine with me as it’s my favorite topic of con- versation. From Europe to Asia and all the way to Australia, people ask me about my real estate investments here in the U.S. and why I don’t invest in real estate overseas. I tell them that one day I might consider investing abroad, but right now why go looking for fish somewhere else when I’ve got plenty in the pond here at home? If you’re living in another country as you read this and you’re interest- ed in getting into U.S. real estate, the first thing I’ll tell you is to go for it... right now! Where else are you going to invest? Asia? You’ve got a trade war with China, protests in Hong Kong and oh, yeah, North Korea. Eu- rope? Brexit, protectionist policies, the mess that is the European Union, crazy-high tax rates, troubles with Russia, etc. How about the Middle East? With everyone worried about a war with Iran, I wouldn’t recommend it. South America? Latin America? With Venezuela, Brazil and just about
have been spectacular for me and my investors, both accredited and non-accredited. I am sending out monthly distribution checks that total well over a million dollars. Because of a lot of different fac- tors, the completely self-contained, low-cost rental communities I invest in just don’t exist in many of the countries I’ve visited. That’s why so many people I meet, either in busi- ness dealings abroad or at events around the world, are so interested in the concept of these multifamily rentals and the possibility of invest- ing in them. There are so many great reasons
52 | think realty magazine :: october 2020
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