Grant Cardone sits down one on one with The Lifetime Cash Flow Through Real Estate Investing Podcast. Grant talks about his first real estate mistake, and what he will never do again. Finding real estate is a lot like finding a partner. A girl may look good but you’ll need to find more out before committing. Grant shopped real estate in Houston for years but never bought . He later wished he had pulled the trigger but used the knowledge he gained to move forward in San Diego and buy his first building. Look at deals and educate yourself on financial statements. What are concessions, what is potential gross income? Grant always looks at worst case scenarios. Never look at performa, take the trailing 12 month income and expenses, assume an increase in taxes, and how low can your vacancy go before you lose money? Know every bad thing about a property. If you can deal with worst case scenarios, you don’t need to have fear in a deal. All in all, multi-family real estate is one of the best investments you can make if you do it smartly.