Success: Is the deck stacked against you?

FROM THE DESK OF GRANT CARDONE:  Do you ever feel like the deck is stacked against you?  My whole life I’ve been pulling for the little guy.  Let’s face it, I am the little guy. My entire life I have felt like the deck was stacked against me. I grew up in my most challenging years without a father, raised by a single mother. She did her best to manage a household with just a little bit of money and three wild teenage boys.

High school, college, and young adulthood were all very difficult for me. Just getting along with others was sometimes a major challenge.  When I got into sales and then business, my chip on the shoulder was obvious. but this made the idea of “the deck being stacked against me” some of my own making.

However, when I got involved in real estate investing in my 30’s, I saw actual signs of how the deck IS really stacked against the little guy.

I started looking into it and what I discovered blew my mind.

The little guy is encouraged to buy a single family home with great mortgage offerings, even a duplex or maybe a four-plex—but the moment he or she tries to get bigger than that the banks tighten up. This prevents the struggling household or person trying to create wealth to ever invest in the best real estate that ensures passive income, appreciation, and the great tax advantages that the wealthiest all benefit from.   I learned this first hand when I started trying to buy bigger deals where the real money is made. The great deals were either never shown to me or never awarded to me.

Instead, the big players would get the trophy properties and I was allowed to buy the leftovers. If you think I am exaggerating, trust me I am not.

So, the little guy is left to buy a duplex or eight-plex, and they are forced then to manage the property themselves because it doesn’t produce enough income to afford a manager.  By the way, this is the first real estate to get foreclosed on when the economy gets tough.

Is the deck stacked against you?