When real estate investors claim to have $50 million in assets??
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Date: January 21st, 2024 8:13 PM Author: Submissive insecure half-breed
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: heady sandwich
(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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