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Grant Cardone, CEO and founder of Cardone Enterprises and Cardone Capital, shares ten underwriting rules for serious real estate investors. Key areas highlighted include evaluating market rent against actual rent, avoiding reliance on pro-forma statements, and being cautious of high occupancy claims.
Additional tips involve verifying tax and insurance quotes, accurately assessing the true cost of money, conducting a reality check on rent expectations, and performing thorough due diligence on rent rolls.
Cardone previously compared S&P 500 returns to those from multifamily real estate since 2000, noting that multifamily investments posted higher annualized gains. He has also promoted a program suggesting investors can learn to reduce their tax exposure from 50 percent to zero in two days. The advice forms part of his broader property and investment guidance.