Key Takeaways
- “Shark Tank” star Robert Herjavec has made nearly 100 offers in his profession.
- However on the 10X Development Convention earlier this yr, he instructed Grant Cardone there’s one place he’d put his “final million.”
- Right here’s why actual property is the place he’d “construct a basis.”
“Shark Tank” star Robert Herjavec has made 81 investments, in response to CB Insights. However there’s one funding Herjavec says he’d make if he have been all the way down to his previous few (million) {dollars}.
Earlier this yr, Herjavec spoke to Grant Cardone on the 10X Development Convention and was requested what he’d do if he was “all the way down to your final million {dollars}” and will solely make investments it in a single factor.
“I might spend money on actual property,” Herjavec mentioned nearly instantly.
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Cardone then requested why he’d select actual property.
“As a result of determined individuals do silly s–t,” Herjavec mentioned. “You’ve received to take desperation out of the equation.” (Although we must always word that having $1 million doubtless wouldn’t appear to be a determined state of affairs to most of the people.)
Herjavec’s internet value is estimated to be between $300 million and $600 million.
“If I’m all the way down to my final million, you recognize what I’ve received to do? I’ve received to construct a basis,” Herjavec mentioned. “So I might take that cash, I might spend money on actual property, I might get an revenue stream, and I might neglect it existed — after which I might exit and do different loopy stuff.”
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Based on JM Monetary, actual property investments can recognize a median of 6% to 9% per yr, relying on location, even with out rental revenue.
Though Herjavec has seen his share of success, shedding cash isn’t one thing that solely occurs to on a regular basis Joes. On LinkedIn, the tech entrepreneur not too long ago shared the story of his worst-ever funding: a breathalyzer firm that the entire Sharks invested in — and it ended up beneath investigation by the FDA.
When a number of the Sharks went to go to the founder after filming, the corporate had no traction, however the founder did have a brand-new luxurious automotive, he mentioned.
However failures like this solely hold him going, he says.
“I consider in myself,” Herjavec instructed Cardone. “I consider if I’ve nothing, I’d turn into rich once more.”
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Key Takeaways
- “Shark Tank” star Robert Herjavec has made nearly 100 offers in his profession.
- However on the 10X Development Convention earlier this yr, he instructed Grant Cardone there’s one place he’d put his “final million.”
- Right here’s why actual property is the place he’d “construct a basis.”
“Shark Tank” star Robert Herjavec has made 81 investments, in response to CB Insights. However there’s one funding Herjavec says he’d make if he have been all the way down to his previous few (million) {dollars}.
Earlier this yr, Herjavec spoke to Grant Cardone on the 10X Development Convention and was requested what he’d do if he was “all the way down to your final million {dollars}” and will solely make investments it in a single factor.
“I might spend money on actual property,” Herjavec mentioned nearly instantly.
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