Real Estate King Grant Cardone Funds LA Section 8 Deal (Wild Pick)

Los Angeles is one of the greatest real estate markets on Earth… But it’s also one of the hardest to win in. In this episode, Real Estate King Grant Cardone pulls up to Los Angeles, California to hear deal pitches from local investors trying to earn full funding and a life-changing partnership. And in the end… Grant makes the call that shocks everyone. 00:15 Real estate is the greatest wealth generator (Grant’s opener) 00:42 “Find me a great property” (Grant’s rule) 01:12 Why LA is one of the best markets (barriers to entry) 01:32 LA housing crisis: renters + rent burden reality 02:25 Only the best partners get fully funded 02:45 Deal #1: Bel Air luxury rental mansion pitch (big income) 03:21 Mansion tour + production rental angle 03:54 Grant likes instant income but hates “one door risk” 04:10 Risk: short-term rental laws could kill the deal 04:42 Grant’s rant: “I hate the word depends” 05:36 Property could lose $4M overnight (law change risk) 06:22 Homework: bring comps + 2 years rental validation 06:42 Deal #2: Downtown LA co-working hotel pitch ($15M ask) 07:54 “The negatives are the location… location… location” 08:15 COVID killed the cash flow + building sits empty 09:19 Grant breaks it down: no safety = no money 09:56 Grant kills it: “Hell no. F no.” 10:16 Deal #3: South Park warehouse conversion (R5 zoning) 11:19 Bird poop moment + reality check 12:06 Grant: needs 300 units for it to work (not 30) 12:22 Grant gives Paulie a second chance to find cash flow 13:32 LA market insights with Brandon Williams 14:32 $1.2B sales in a bad market (competition fading) 14:59 Deal #4: Pico Union 44-unit former hotel (Section 8 play) 15:18 Ready-to-issue permits + fully vacant building 16:34 Section 8 waitlist is massive (guaranteed demand) 17:25 Grant: hates government red tape but likes the mission 17:58 Grant homework: rehab cost, timeline, debt, real numbers 18:32 Deal #5: Southeast LA 9 units → 32 units development pitch 19:57 Grant gets offended: “You want me to be a bank” 21:19 Grant shuts it down hard (no equity = no deal) 21:40 Deal #6: Pico Union 68-unit micro-studio building (Carla) 22:32 No kitchens + “hostel style” concerns 23:08 Only 50% done… owner running out of money 23:26 Rehab cost per unit is solid + real tenants already paying 24:04 Grant wants owner motivation + real rent potential 24:44 Deal #7: Studio City restaurant real estate pitch 25:49 Grant: not enough housing, too many restaurants 28:04 Liquor license value is huge… still a no 28:26 Deal #8: Mid-Wilshire 10-unit cash-flow building (Paulie) 29:48 $600 rent lift potential + $25K/unit rehab 30:25 Grant worries: seller has no pain = may not sell 31:29 Boardroom begins (final decision time) 32:05 Bel Air deal numbers + uncertainty still too high 33:03 Section 8 risk: government contract + rehab timeline 33:35 Carla vs Eli comparison (cost per unit difference) 35:55 Paulie self-destructs in the boardroom 36:33 Eli calls out Carla’s downtown proximity risk 37:53 Grant eliminates the mansion deal 38:32 Carla eliminates Eli (Section 8 complications) 39:25 Timeline debate: 3–6 months vs 1 year+ 39:43 Eli asks: $3M equity + 80/20 split 40:03 Carla proposes recap + investor cleanup (Grant dislikes that) 40:38 Grant wants the deal where institutional money already moved 41:06 FINAL PICK: Grant chooses Eli (numbers win) 41:23 Grant praises preparation + hints bigger reward than 80/20 41:56 Mission: help affordable housing + do more LA deals 42:11 LA is forever (weather wins even when politics don’t) Learn How To Use Real Estate To Reduce Taxes And Build Wealth Like Top Billionaires: grantcardone.com/cashflow