When real estate investors claim to have $50 million in assets??
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Date: January 21st, 2024 8:13 PM Author: bonkers station elastic band
They're just counting the market value of the real estate they hold and don't count the mortgages, etc.
Also, they always lie about how much the have anyway.
(http://www.autoadmit.com/thread.php?thread_id=5477137&forum_id=2)#47315188) |
Date: August 6th, 2025 11:37 AM Author: Terry Bollea Did Nothing Wrong (TDNW)
(yearly NOI x number of units) / cap rate = AUM
Grant Cardone has say 8,000 units renting at an average of $1900 per month, so NOI is $1100, and the cap rate is 5%
Grant then has ~$2bn in AUM and he unashamedly claims to be a billionaire and nobody with a voice dares correct him
(http://www.autoadmit.com/thread.php?thread_id=5477137&forum_id=2)#49161662) |
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