High interest rates and record-high prices are driving investors to focus on homes in the lower price tier, exacerbating inventory shortages and pushing regular home buyers out of the market.
5. Appreciation.
In addition to the five advantages, Cardone added “cash is trash and real estate is real. It has proven to appreciate in value over the last 2,000 years, not just the last twenty.”
For anyone who was interested in investing in Cardone’s fund, he directed his audience to a cell phone number, where his team fielded investors.
The company said the phones lit up with investors committing to over $8M while the event was live. The average accredited investor committed to $250,000, which is the current minimum investment for the fund unless you’re an existing customer of any of Cardone’s seven other companies.