America Is On Sale
"In just the last three weeks I have received calls and or visits
by wealthy real estate investors from Australia, Switzerland, Portugal,
London and the Middle East stating to me and I quote, 'AMERICA IS ON
SALE!' These individuals are aggressively seeking to buy up as much of
America as they can in the current pull-back, with one group wanting to
purchase 200 million dollars in the USA", says Cardone in a recent
interview.
Over the last eighteen years, real estate developer
and motivational speaker Grant Cardone has been able to accurately
predict real estate markets. While others are trying to sell their
properties he has just recently acquired almost eighty million dollars
worth of assets in California alone. This included shopping centers,
apartments and an oceanfront La Jolla Development.
Mr. Cardone
has a proven record of great timing starting in the early 1990's when
he bought 500 apartments in southern California at which time no one
was buying and the banks were so gun shy after the savings and loan
bailout that it was difficult to get a loan. "When the banks are
reluctant is when you should be buying, and when they are giving money
away, you should be reluctant", says Cardone. His good timing doesn't
appear to be a fluke as he avoided the recent severe pullback in
California by selling 90% of his portfolio in 2004 and purchased almost
2000 apts in Tucson, Az in a short three-day period after only one
visit! "I am a contrarian investor and we move very fast! The masses go
to slaughter so we avoid the actions that become wildly popular and
then insure that we and our investors avoid the slaughters."
As
of April 2007, Cardone sold his Tucson portfolio and against mass
agreement circled back to purchase Southern California while others
were avoiding it.
"America is a bargain today and the Americans
can not see it. American builders, investors and lenders are all
looking in the rear view mirror rather than toward the future and the
values of tomorrow. They were either hurt by the recent pull back and
are now gun-shy or their cash is tied up in deals they can't get out of
or lastly, they have lost their banking relationships and are not able
to make new acquisitions. Investors from outside the country see this
as their opportunity to purchase American real estate. I had one
investor state to me, "American Real Estate is a bargain for us!"
Cardone
says, "Those with the courage to purchase now will take advantage of
three things that will insure their investments work: 1) the
devaluation of the dollar alone will make for as much as a 25% return
once the dollar shows any comeback. 2) the significant downward
pressure on the real estate values is making for excellent buying
opportunities and guys outside the States are able to see it better
than Americans. 3) The biggest reason, and the one that is being
disregarded by even the most sophisticated real estate people is; due
to the amount of negativity and the lack of liquidity in the market
there will be restrictions of the creation of new product (inventory)
built in the coming years. This will create an under-supply of product
that will reveal itself in 2011-2012 in markets where there are
barriers to entry. Real estate investors will rewarded with phenomenal
upward pricing on existing commercial products like apartments and
shopping centers."
Cardone stays focused on a handful of
property types and criteria, buying only incredible locations with time
horizons of 3-5 years and properties that have some value-ad component.
A perfect example was his recent purchase of the world renown Wind and
Sea Beach Location in La Jolla, Ca. "I bought this in April and was
shocked why local San Diego investors hadn't scooped up this incredible
one of a kind location."
Mr. Cardone's positive,
forward-looking attitude can't be hurt by that fact that he is an
international motivational speaker and Sales Guru long before ever
getting involved in real estate. For twenty years he has traveled the
globe teaching others how to make the most of their careers. He is also
the author of "Selling the Secret to Success", which was released
on April 12th at a book release party at his home in Los Angeles where
over four hundred very connected and well to do people, including
CEO's, Real Estate Developers, Celebrities, and even Royalty were in
attendance.
Cardone says in his book,
"windshields are six feet wide and rear view mirrors are six inches
wide and there is a reason why. Opportunities come from the future not
from the past."
See Cardone' article on "IT'S AMERICA"
If what he is saying is true, will America be bought by the Middle East
oil money or the Aussies? Either way it appears that Mr. Cardone plans
on owning as much of America as he can before that happens! Grant Cardone, CEO 800 368 5771
 Buy "Selling: The Secret to Success"
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The Book That Will Change Your Life...
“No matter where you fall in the 'food chain of life', you need to be able to sell yourself to others. Grant Cardone not only generates an awareness of this need, but helps you develop the skills to persuade others to see it your way”. – J. C. Walter, III – President, Walter Oil & Gas Corporation
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