Cardone Capital SCAM? Cardone Capital Reviews [SHOCKING & BEST REVIEW]

Cardone Capital SCAM? Cardone Capital Reviews [SHOCKING & BEST REVIEW]


Cardone Capital is Cardone Capital a
scam. David Jaffee with BestStockStrategy.com and in this video I’m going
to share with you my opinion. Nothing that I say should be taken or accepted
as fact. You have to conduct your own due diligence and do not take my word for it
this is solely my opinion I have to say that as a disclaimer because I don’t
really feel like getting sued however I mean look if you want to sue me for
defamation. Anyone can sue anyone but actually winning is a different story. Generally I like to keep my video is very simple and I only talk about one or
two primary premises during the video because it’s easier for me to talk about
that and at the same time I don’t want to disseminate so much information in
the video that the viewer yourself starts getting confused but in this
video I think that there really are a bunch of very important items so I’m
going to have to reference the flashcard that I made because I wrote down around
like I don’t know ten things so the first thing is I’m gonna go through all
the points as far and also I’m going to give you my recommendations on what you
actually should invest in but the first thing is that I definitely do not
believe their Cardone Capital is a scam okay let me tell you that it’s
legitimate I respect Grant Cardone so very much every time I email him he emails me
back I’ve spoken with a few people at Cardone capital I know that Grant
Cardone is extremely hard-working there was the time in the past where I
listened to his podcasts and I think he is very good is a very naturally great
speaker I also respect him for being able to overcome a drug and alcohol
addiction because especially now when I made the video previously were as of
June 2017 opioid addiction is the number one cause of death for Americans under
50 years of age so Grant Cardone being able to extricate himself from the
negativity of his prior life and actually build something and become he’s
probably worth around 200 250 million dollars even though he probably controls
around like 800 milli in real estate but the fact is that he
was able to pick himself up from his bootstraps and really live a positive
and constructive life so I congratulate him for that I think that’s incredible
but so I don’t think Cardone Capital is a scam however overall I would grade
this as a D so if we go back to grade school when we say a is the best B C D I
would grade this as a D opportunity as an investment vesting opportunity so me
personally I would never invest in Cardone Capital I would never even consider
it and there’s one primary reason to go
through a bunch of them so the first primary reason why I would never invest
in car don’t happen why I don’t think you should invest in Cardone Capital is
that there is no liquidity grant is on if you go to Cardone Capital and then he
has a video posted which there is no there’s no fun duration so you give up
control of your money and then it could be 10 years or grant even said in his
video that it can be 15 years then the funny thing is I called Cardone Capital
because I want a clarification on some of these points prior to making the
video and then the girl who actually was very knowledgeable she specifically told
me that the distribution of the the fund and the maturity date of the phone would
be 10 years but grant explicitly says in his video that it is not 10 years and he
doesn’t want to be pressured into selling or liquidating and having a
liquidation event for any of his properties if the time is not right
that leads me to believe that it can be as long as like 15 or 20 years and
remember you are giving up control of your money I then asked this this girl
if what happens I know that when you invest in a CD if you need the money for
medical expenses or we need the money if someone dies for a funeral I asked her
during events like that is there any way of requesting your money and getting a
distribution and terminating your investment in Cardone capital and she in
fatica Lea said no so if you need that money and remember you are ceding
control of your money to Grant Cardone you’re giving him your money for 10 or
15 year or actually for as long as he wants so technically you can die and
this goes into something I’m gonna discuss later on you can die and then if
you don’t have a will then that money’s gonna have to have to go into probate or
what’s potentially even I wouldn’t say say necessarily she it is kind of shady
but I’m not sure if this happens or not but he probably ends up Keke or he will
end up keeping around five or ten percent of the money that you invest
with him or the five or ten percent of the total amount of funds that people
invest with him just because they will end up dying before the fund reaches
maturation and the fund the funds proceeds are actually redistributed back
to the original investors so the first main point where I would never invest in
this fund in Cardone capital is that there is no liquidity you are giving up
control of your money and it is no longer your money on its heck I mean
technically it is but you’re giving Grant Cardone custodial relationship and
once you write that check out and you sign the documents you have no right to
that money so essentially you no longer have ownership of that money until Grant
Cardone decides to give you back your money and I’m talking about your
principle yeah so you’re gonna get monthly distributions etc so no
liquidity you’re giving up full control the next thing is that there’s no skill
acquisition you’re writing out a check but you’re not learning anything you’re
not improving your habits you’re not reducing your time wasting abilities and
you’re not being more productive and said all you’re doing is putting your
hands and somebody else’s on someone else’s shoulders you’re trying to stand
on their shoulders but instead what you’re really doing is just enriching
that other person you’re not in any way learning about real estate or I guess
that’s not true but you’re not anyway you’re not acquiring new skills you’re
not learning how to find properties you’re not improving yourself at all all
you’re doing is giving up control in an asset that has zero liquidity which
means that once you make the decision you’re stuck and you have no idea when
you’re going to get your principal back when there’s gonna be a liquidation
event and then you’re just hoping for the best as far as fees are concerned
this is I’m not going to spend not much time on this because the reality is you
don’t care about how much money Grant Cardone
earns as long as you make money on this project but I think he’s taking around 2
or 3% a year on the assets under management that he raises on the actual
equity portion so I think like a 1% management fee I think it’s around 2 or
3% a year and then he’s also promoting himself and getting around 35% on for
every liquidation event so if they refinance and then that leads to an
increase in equity by around like 5 million then you know that will lead to
what’s that like 1.7 you know 1.75 million something like that I just did
the math like super quick in my head but anyway so let’s just use like a quick
number of it give it lease hoola proceeds of if it leads to proceeds of a
1 million dollars in extra equity then grant cardone would take three hundred
and fifty thousand that means that you are banking on his expertise beating out
what anyone would be able to do by the incremental 35 percent you’re saying
that his expertise is worth so much where you’re paying 2 or 3% every single
year which is extremely substantial considering that ETFs only charge you
around 0.1% in maintenance costs and management fees but Grant Cardone thinks
that he’s entitled to 2 or 3% and then on top of that during the liquidation
event he’s taking a substantial amount of those games he’s taking 35% and
you’re locked up with no liquidity and you have no control over your money but
as I said before it doesn’t really matter how much money Grant Cardone is
making because if you’re happy and he’s able to provide you with excess returns
then it doesn’t his returns don’t affect you but my point is it is my opinion
that him earning 2% which is well above market rates for buying an ETF you can
buy iyr or any type of real estate ETF you can buy a stock and pay
zero management fees and then him promoting himself to give 35% on the
earn out basis for any liquidation event his asset is essentially going to take
all of the premium involved in that deal and it’s going to neutralize even if
Grant Cardone was the smartest the best real estate mind in the entire country
nobody can handicap themselves by 35% and still perform admirably and I
definitely don’t think that Grant Cardone is anything special when it comes to
real estate I mean I went to an Ivy League university I’m friends with a
bunch of people at black sowing at Goldman Sachs and I can tell you that
they are incredibly smart and not only that but even if Grant Cardone is on par
with a managing director at Blackstone, Blackrock at Goldman Sachs and Morgan
Stanley the fact is that the team that these people at Blackstone and Goldman
Sachs have around them is infinitely more capable than the team that Grant
Cardone has around him I mean it’s just a fact right like the Blackstone is able
to choose from the best the brightest the hardest-working the people who are
willing to sacrifice the most whereas Cardone capital I mean no one’s gonna
know one graduating from an Ivy League university is going to be super excited
when their friends are working at Citadel or a hedge phone or a PE shop
like Seaport capital or Halyard Capital or one of the major PE shops or an
investment bank and you’re telling them you’re going to work for a sales guy
down in Miami initially probably earning around $30,000 or $40,000 dollars
a year so just from a talent perspective I don’t have a substantial amount of
confidence in Grant Cardone I do think that he’s a great sales guy but for your
investment dollars I would as I said before I would rate this as like a D now
I’m going to get into a lot of other reasons such as I don’t think that Grant
Cardone is best at real estate I think that grand cordons main asset is his
brand Grant Cardone makes money because he’s Grant Cardone and he’s invested a
substantial amount in his now Dean in his persona and at the same
time he is a great salesman who is a great speaker and who understands human
psychology and human connection but I don’t think that Grant is necessarily
super qualified or super talented at real estate or managing real estate I
just think that Grant Cardone makes a lot of money from his brand whether it’s
selling horses conferences affiliate commissions etc because I am pretty sure
that everything that would sold a 10x conference grant cardone gets a
percentage of as an affiliate which again is not that making money and
leveraging your brand is not a bad thing but the whole point of this video is to
ascertain whether grant cardone and Cardone capital is worthy of you locking
up and ceding and ceding control of your money for around 10 to 20 years and
in my opinion the answer is unequivocally no and I would grade this
as a deed opportunity let’s see so grant cardone
tends to always rail against banks he tells you that Goldman Sachs JP Morgan
in the stock market are super bad but the weird thing is that Grant Cardone is
essentially doing the same thing except it’s worse because if I deposit my money
in a bank and then I changed my mind and I want to take it out the next day I can
easily do that that’s called liquidity how deep are the markets and the stock
market where I can sell and then I can I can I can buy a stock and then I can
sell it 30 seconds later with this with this position or rather with Cardone
capital if you make a decision now and then six months later you need that
money because you have a health crisis or your parents are sick or your sister
or brother have came to have come down with an illness you’re getting married
you have ceded control of your money and you no longer have access to that money
so I don’t know why Grant Cardone is constantly a railing against banks
perhaps because he’s upset and disappointed that even though banks
print money by being able to borrow at the Fed rate and then loan it out at
around 50 basis points higher than the Fed rate or sometimes like
more than that like two or three hundred basis points above the Fed rate and they
get to earn a profit or riprap they get to earn a relatively riskless spread on
the money that they that they borrow maybe Grant Cardone is upset about that
but the fact is that if I go to a bank and I give them my money I can take it
out two minutes from now five days from now five years from now grant cardone
and Cardone capital in my opinion are worse than banks because once you seize
control you no longer have access to that money until Grant Cardone tells you
that you can get that money back like I was gonna say before people die what
happens if you die when you invest in Grant Cardone and Cardone capital is that
money gonna be stuck in probate I would estimate and obviously they’re never
gonna give me any numbers about this but I would estimate that around five or ten
percent of the money that they collect they’re just simply going to keep
because either people are gonna move and then they’re gonna forget about the
investment they are going to fail to update their addresses were additionally
they’re just gonna die and then that money is not going to be able to be
transferred anywhere and actually I think that’s one of the major advantages
from Grant Cardone and Cardone Capital’s perspective about appealing to two
unaccredited investors because if you invest I don’t know what the minimum is
like five or ten thousand dollars in Cardone capital and then you have to
think about it for like five or ten years you’re just gonna forget about it
and I think that you’re gonna forget to update the address or maybe you’ll get
sick maybe you’ll move out of the country maybe you’ll forget to designate
a beneficiary or something like that and I would really estimate that especially
for the unaccredited investors who are investing a relatively small amount of
money and who are less sophisticated and less organized I would estimate that
five or ten percent potentially even more of those people are just simply
going to hand over their money to Grant Cardone and say here take my money and
then simply forget about it and they’re never going to get any other principal
back I see this happen all the time when I used to own a lounge
in New York City with Groupon I was shocked that literally like 70% of
the people who buy coupons never end up redeeming it and I was just like for me
I’m I’m so OCD when it comes to attention to detail I would never do
that but literally 70% of people they buy Groupon on an impulse and then they
never redeem it and I think that’s what’s gonna happen here especially with
the unaccredited investors where they’re going to invest five or ten thousand
dollars and then they’re just gonna forget about it and then they’re gonna
move or they’re not gonna prove it or their bank account is gonna change
they’re not gonna have the same ACH number so even if Grant Cardone sends
them an ACH payment it’s gonna bounce back there’s just so many ways and I’m
telling you that my gut feeling obviously he’s never going to cop to
this and he’s never going to concede this point but I would say five to ten
percent of all the money that he’s collected potentially even more he’s
just going to end up keeping and a lot of that is predicated upon he can just
simply afford to outweigh to to outweigh other people if you make an investment
right now are you really gonna stress out about ten thousand dollars 15 years
from now you’re not even gonna remember ten thousand dollars 15 years from now
you might be dead 15 years I might be dead I mean who knows I might die like
in a year or so nobody knows all right some other alternatives I definitely
think that there are some alternatives which are substantially better than
investing in Cardone capital for example you can buy AVB this is on the stock
market you can buy EQR or you can buy BX AVB is Avalon Bay communities and Avalon
Bay communities they pay a 3% dividend there are no fees involved with
that it’s just a stock so if you want to invest in multifamily real estates with
with a lot of these company you can just simply buy AVB you can collect a three
percent dividend EQR Equity Residential which is one of the largest companies
and doing with just a large one of the largest apartment rental companies in
the entire country they also pay a three percent dividend so AVB and EQR and
then if you one who invest directly in Blackstone
you can buy BX and they actually have a 5% dividend so again why would you pay 2
or 3% in annual management fees and lock up your money for 10 or 15 years when
you can simply buy AVB, EQR, BX or a REIT. Collect 3% for AVB and EQR and 5% for Blackstone and then if you change your mind in five months you
can just simply press one button and then two days later have your money back
to you and you don’t have to fill out a tremendous amount of paperwork I just I
don’t understand it and the weird thing is that I know that Grant Cardone has oh
really when I was working as an investment banker one of the things that
we always talked about was the weighted average cost of capital. Now I know
that because Grant Cardone is able to leverage his saw his social media
presence and his branding his cost of capital is very very low but it’s not
lower than Blackstone because grant cardone doesn’t have the track record
that Blackstone has he doesn’t have access to the public markets that
Blackstone or Avalon Bay or Hur has if Avalon Bay wants to build a development
or they find a great piece of property or an opportunity they can simply issue
more equity to raise billions of dollars via a follow-on equity offering. Grant
Cardone has no way to do that he cannot compete with Blackstone, Avalon Bay or
EQR he can’t and the reason why that impacts you is because Grant Cardone is
actually playing the small game he is nickel and diming you in my opinion by
collecting two or three percent management fees and he’s trying to run
like his own private equity firm his own hedge fund by collecting like that full
two and twenty which is was made popular in the hedge funds but instead what
Grant Cardone is doing is he’s taking at least hedge funds they have redemptions
so you can put in a redemption and then the next quarter you can get your money
back well grant cardone is doing is he’s charging you two or three percent on an
annual basis thirty five percent on any liquidation event and you are
giving up control of your money for 10 or 15 or 20 years or however long grant
cardone wants to keep your money he can keep it the other thing is that grant
cardone is relatively new to Miami I think he moved here around 3 years so
his market knowledge although you can get a lot done in 3 years it’s not
nearly as sophisticated as those larger property or those largest those larger
operators who have workers very brilliant Ivy League graduate workers
who have good habits in who have been in these local markets for the past 10 or
20 years Grant Cardone cannot compete with as I said before with Avalon Bay
with Blackstone with you know with Equity Residential and for someone to
come into a new market and feel like there and act like they’re a huge expert
for only being here for 2 or 3 years I mean that is a that’s a tough tale the
other thing is Grant Cardone is 60 years old and getting back to the
him to the competition between people between himself and people from
Blackstone and Goldman Sachs and Avalon Bay and Equity Residential he is 16
years old and he is a recovering drug addict and an alcoholic so I don’t care
if he had the most potential in the world and I’m not faulting him because I
used to take a substantial amount of antidepressants and things like that and
that had a negative impact on the ability of me to speak clearly my
ability to to have a high functioning working memory but those type of
decisions that you make when you abuse your body with alcohol and drugs
you are now giving your money to someone who is an admitted abuser of drugs and
alcohol and the reason I is that I don’t want to get caught up in that because
I’ve worked in nightlife and I saw tons of people do cocaine and get drunk every
night but the issue that I’m saying is that drugs and alcohol destroy your body
so even though grant cardone right now is operating at an extremely high level
there are definitely going to be harmful and deleterious effects of his prior
drug and alcohol abuse and he’s already not a sprint
so again my point is I don’t want to confuse things because I brought up a
bunch of things during that point is that Grant Cardone
is 60 years old and he has a history of drug and alcohol abuse as a result he
has already abused his body and praten is at higher incidence of Alzheimer’s
disease Parkinson’s dying early I know that he looks relatively healthy right
now cancer etc so for you to invest your fund in a brand in the Grant Cardone
name for someone who’s 60 years old and who has already robbed Peter to pay Paul
and cut his nose off to spite his face by abusing his body and by engaging in
in drug and alcohol abuse I just don’t think that that’s a very smart at all I
know the grant cardone is gonna be overconfident and tell you that he’s
gonna work until he’s 80 years old but you don’t know that what you do know are
the facts that he is his self admitted drug and alcohol abuser and he is around
60 years old and those two combinations together substantially increase the
likelihood that his mind is going to start being a lot less sharp and he’s
gonna start making potentially bad decisions and if he’s making bad
decisions with his own money that’s completely fine but with your money you
need to be more careful what else so okay so overall the grade that I have
for this is a “D” and the reason is that as I said before you are ceding control of the money for around 10 or 15 years and I just
think it’s a horrible investment opportunity in my opinion because of the
greater liquidity and also the much the much lower fees and the fact that it’s
substantially cheaper and you’re not giving up control stocks are vastly
superior to real estate vastly superior because if you buy a stock the next day
you decide to change it because you change your mind or six months later you
want to take a vacation you can sell that stock and liquidate that holding
and then you get that money back so I definitely
believe that if you want to invest in real estate you should buy EQR or AVB
and these instead of charging you two to three percent every single year these
stocks actually pay you 3% dividend every single year just for holding on to
it and you get complete control and access to your money at anytime that you
want so remember Grant Cardone charges you or Cardone capital charges you 2 to
3% annual fees every single year by you holding AVB or eqr and again I am NOT a
licensed financial adviser so nothing that I tell you should ever be construed
as investment advice I am not in any way telling you to buy these stocks I’m just
providing you with well I’m just telling you um you know the research that I’ve
made and that I’ve done and that you should do your own research prior to
actually buying any of these securities but I’m just telling you the information
that I found out again I am NOT a licensed financial adviser do not rely
upon anything that I say about these securities however if what I looked when
I looked at Avalon Bay, EQR or Blackstone to me in my opinion those are vastly
superior to owning or investing in Cardone Capital. Cardone Capital you have
to pay 2% or 3% a year just to be a member of that and you cease to give up
you see ownership of that money where you no longer have control over that
money. If you invest in EQR, AVB you’re collecting 3% dividend income and you have the opportunity for capital
appreciation so there’s a difference right there of 5 or 6% spread just for
guarantees Cardone capital you’re paying 2 or 3% for Avalon Bay and each you are
you’re collecting 3% that’s a difference of 5 or 6% then additionally with the
stocks you’re having instant liquidity or if you change your mind you can you
can liquidate that stock and then you can get your money back if you want to
invest in Blackstone Blackstone was actually paying 5% dividend that is a
different of seven or eight percent just on the
dividend perspective of the difference between what you’re collecting in a
dividend for investing in Blackstone versus the fees that you’re paying to
Grant Cardone then all three of those stocks
EQR, AVB and and BX they have the high likelihood of capital
appreciation and you have a lot more flexibility where you can buy a VB you
can buy Blackstone and then you can sell call options to get it against it
to further juice your earnings now that’s something that I discuss in best
stock strategy dot-com slash memberships but again that’s just an option for you
where if you want to further enhance your games you can buy Blackstone, Avalon
Bay, Equity Residential or a REIT and then if you want to earn an incremental 5% or
10% a year you can sell covered calls against that position and you’re
not even paying Grant Cardone 2% or 3% percent a year just because
of the Grant Cardone name. The final thing and this is
probably going to be a little bit surprising I actually think that even
though I would rate Cardone Capital as a “D” investment. I actually think that many
people should invest in Cardone Capital. in my opinion and the reason is that
most people spend money on a lot of dumb things and most people are
self-destructive and they are not capable of saving money so if you give
money to Grant Cardone it’s almost like locking that money away
and you are stopping yourself from engaging in self-destructive behavior
and spending that money on things that you don’t need so if you are the type of
person who if I gave you a million dollars you would find a way to be broke
six months from now then I don’t think investing in Cardone Capital is
necessarily a bad thing because once you give your money to grant cardone
he’s gonna make sure that he controls that money for ten or fifteen years and
that’s going to stop you from going online and going on Amazon and buying
things that you don’t need and unfortunately I’m talking about 80% of
the people because 80% of the people have really bad spending habits and
they’re broke for a reason because they spend
too much money on things that they don’t need and then they they accumulate
garbage and then they just end up throwing things away they’re just they
lack discipline so if you’re that type of person and I would recommend
primarily I would recommend as a first order of magnitude would be to change
your habits and work on yourself and improve yourself but if that is too
difficult then I would recommend that you invest in Cardone Capital because
you’ll give him your money which will inhibit you and safeguard that money
from you actually spending it on things that you don’t need. David Jaffee with
BestStockStrategy.comif you have any questions let me know if you are
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100 comments

  1. For the record – most of what is in this video is false or incomplete or misunderstood.

    1) Cardone Capital does NOT charge 2-3% per year as stated by this guy multiple times. Simply false. If he gets this one fact wrong what else is wrong.
    We charge a 1% asset mgt fee per year.

    2) Promote – We only get our 35% promote when we sell
    and after achieving the 6% annual cash flow target for our accredited investors.

    3) The investment is NOT liquid. Your investment is backed by the real estate.
    If you want liquidity this is NOT the investment for you.

    4) This guy refuses to actually say what CardoneCapital does do. We pay investors out of positive cash flow monthly, we have a preferred return of 6%
    Our Cash flow is double some of his examples.

    5) We would NEVER keep a dead persons money. Ridiculous and illegal.

    6) He suggest our promote comes out of your investment cost basis when it does not.
    We collect our promote after you get your full investment back and not until plus 6% per year (accredited) This means if we keep the fund 10 years, investors would get their money back plus 60% before I get any promote.

    Then the more money the property makes the more we make. This encourages me to make more for both of us.

    7) He says IVY league college kids hired by Blackstone are smarter than me – I have no idea who is smarter. You will never meet anyone at Blackstone who is actually doing the deals or the IVY league punks pushing papers. You guys get to meet GC and hear from him directly.

    8) He has no grading system – its all fabricated our of thin air so assume the rest is.

    9) He never covers the historical returns of my previous real estate investments to discover how we achieved returns much higher than what am projecting.

    10) Our average hold time has been 47 months… not 10 to 20 years. But our hold time is 10 with the ability to go longer or shorter..

    11) He doesn't understand that blackstone & eqr partner with private real estate groups like Cardone Capital to buy real estate. Then they sell shares to the public of the new company after paying fees to the real estate group, then they take their fees out of that.
    I go directly to investors and middle guy out. This should benefit investors.

    12) He never mentions our projected internal rate of return of 15% annually.

    All investments involve risk, nothing is guaranteed,
    No one can promise the past returns we have achieved at Cardone Capital can be achieved going forward…. Do your due diligence and don't listen to every opinion on youtube.
    gc

  2. What are your thoughts about REITs / real estate investment trusts? Are they better than investing in Cardone Capital

  3. First off. I would like to say that I really enjoy your videos. Put/Call selling is a strategy of mine on strong stocks and I clear a small amount every month—enough to pay some bills
    With that being said, I do invest in Cardone Capital and could not be happier

    I love real estate and all its advantages. I currently had 2 small apartment complexes and they are just a pain to run. With Cardone Capital, I get all the advantages of owning RE without the headaches. I’ve been invested now for 3 years and mid-month get my cash deposited. And when it comes to tax time, since I’m an equity partner in the deal I get to enjoy the tax benefits of owning RE.

    Thanks

  4. Your main argument is that there is no liquidity and that real estate investors are giving up control to Cardone.

  5. It's strange that in his video, he claims it's a 10-year duration but then contradicts himself by saying that he has full discretion to extend the duration.

  6. I think grading Cardone Capital as a "D" is a bit harsh. I'd give it a C or C+.

  7. Real estate investing is something that makes you work above average for below average returns. Cardone should really take a second look because the people “investing” their money with him are simply common people, not people that have knowledge and can perform a proper due diligence. Charging 2 percent fees for returns that get half the s&p 500, for Real Estate!!! Some hedge funds, some but very very few, can justify the fees because they can get decent returns, but for damn real estate, smh. Also I agree, putting your money in good REIT’s wouldn’t be a bad idea; I think the only time I would purchase real estate is after a significant correction in the real estate market and buying a house would save me a good portion of my money, rather than renting.

  8. Don't you think a "D" grade is too harsh? He's an honest guy. It may not be the best investment but it's not horrible.

  9. Dude the whole point of investing with him is so he could do all the work for people who don’t know real estate it’s just an investment it’s not rocket science, just how stocks work you bought a percentage of that deal so if grant wins you win get it, I rather invest with him then put it into the stock market lmao for a fact

  10. I own my home and we are considering taking out about $35,000 to $40,000 of the equity and invest in Cardone Capital.  What are your thoughts?

  11. He's a scam artist. There's no debate in the s***. Is the oldest trick in the book. You get a big enough pool of suckers in The House always wins. How do you think gambling establishments make money. a lot of people ain't never going to come back for that money because of like you said they'll either be dead forget about it. it's a long-term investment. Just like the old saying goes there's a sucker born every second.

  12. Mostly logical arguments. However Blackstone and wall street has lots of drug abuse too. Cardone at least has the character to own it.

  13. Let me tell you a secret but His team is very rude and they don’t know how to sell .. One time I called and the sales agent was saying every second I agree I agree I agree … let’s roll let’s roll ..

    I mean if you are going to sell a service you need to be very persuasive and use techniques.

    Grant is like a mechanic trying to sell cars very fast.

  14. Wow Man You Made Nervios Grant Cardone https://youtu.be/X8r9tjnV2zI

    Grant is not a scammer if he’s telling you what he’s going to do with your money. Maybe he wants your money but he is not a scammer , that’s my opinion .

  15. Just thinking who cares about what GC is making as long as you will get that 6%. The "paper" real estate is giving you only 3%. Also what I have learned from his videos he may pay back the initial investment when it's a risk free 6% or is it ? Can you also explain a bit more about that 35% thing ? How it works in practice and what the investor will get if 35% goes to GC (when the fund is liquidated) ?

  16. I like this video. What are your thoughts on holding actual physical tangible real easte? I believe its debatable that stocks out perform that strategy.

  17. M 1 Fiance vs Robin hood? I feel with M1 you have all the benefits of reinvesting dividends. What is your opinion?

  18. So you think Grant Cardone is a good guy, right? But you don't believe that Cardone Capital is a good investment?

  19. Great video. Are you going to create a new video with improved audio quality to discuss Cardone Capital? Your newer videos have better audio.

  20. How have your investments been doing recently? The stock market has been very volatile. Real estate has been solid though.

  21. Great video on Grant Cardone and Cardone Capital. You actually have the ability to create an empire like Cardone Capital in the personal finance space.

  22. So what should I invest in? I'm not interested in "learning" anything, as one of your points was – simply something where all of the work is done, like Cardone capital

  23. Alright sir I understand, But I have one question: How many of those people you mentioned including you sir, is riding a 10m plain, or have 2m subs on Ig? Bro I know your point is about inverstors, but Cardone is a Great one at real state. Also, how are you goin to forget something that is paying you MONTHLY wtf?

  24. There are plenty of syndicated real estate deals that will pay somebody between 7 to 9% with a 1 2 or 3 year duration…simple or compounded interest. No way would I invest w out a stated term. No way

  25. I wish that I could raise hundreds of millions in interest-free loans from the public and then not have to give it back until I want to! That's Cardone Capital.

  26. Grant Cardone is acting like a bookie. He collects the money. Except it's worse because people willingly give him money yet he can hold onto their money forever.

  27. Cardone Capital is such a scam. All of the benefits to Grant Cardone, and all of the drawbacks to his lemmings and followers.

  28. You realize that when Cardone Capital sells, it's taxed as ORDINARY INCOME and NOT capital gains, right? It says it in their SEC filings: sales of our assets would give rise to ordinary income rather than capital gain.

  29. Wow. You are doing a public a great service. Your channel is greatly underrated. God bless you. Keep being honest and keep pressure on that scammer

  30. Something to consider here is how his fund compares to similar vehicles. Almost universally, liquidity in all private RE partnerships is limited or non-existent. Some syndications have target holds of 5 years or so, but there is no guarantee you can get your money back in these either.

    If Cardone provided liquidity, he could be forced by shareholders seeking redemptions to sell the underlying properties, perhaps at depressed prices. Since most people are terrible investors who buy and sell at the wrong times due to behavioral errors, the so-called "investor return" for most publicly traded funds is substantially lower than actual returns. In a perverse way, lockups like this protect investors from themselves. It is reasonable to expect a premium for giving up liquidity, and this fund's target IRR of 15% seems like it could be worth the tradeoff (maybe).

    Also, the 65/35 split and the fees are not very investor-friendly but they're not unusual in private equity deals either.

  31. This sounds like every private deal ever. Real estate or not.

    Why do you think angel investors take companies public? So they can finally get a portion of their money back by putting it on the public market.

    Only invest what you can afford to live without, then you’ll never have to worry about being without the money for many years.

    The distributions you get are tax advantaged since you get depreciation from the property.

  32. IYR (ETF) has a .42%(42bps) annual fee. And takes 0% of the upside in property sales.

    IYR is up 584% from the 2009 lows and is on highs. It's not as if real estate a novel call. He's not ahead of the curve here. At a 2.6% yield this is a "greater fool" trade now.

  33. Grant only takes 35% of the Cap rate above the preferred return that’s given. If you have a preferred rate of 6% grant doesn’t get any of that until he reaches above the 6%. So it’s an incentive for him to over produce on the property. He makes money and so do the investors. And I wouldn’t compare multi family investing with putting money in the bank or stocks. Apples and oranges IMO. Returns are different. Risk is way different and like you pointed out liquidity is also different.

  34. my thought about Cardone Capital… is there better places you can put your money? Yes… Are you confident in finding that yourself? Maybe? Do you have at least 5000 dollars or more that you don't mind never seeing for 20 years? Maybe? Are you less than the age of 40? Maybe…

    The point I am trying to make is… sure its a bad investment, but if you are young and there are some portion of money you don't mind blowing off anyways.. Cardone Capital may not be the worst thing to invest in. The even worst thing you can do is putting it in a 20 year fix interest rate CD or Government Bonds. Or even worst, never even invest in the first place. From my point of view, he is at least getting people to invest. For example he likes to appeal to high income individuals that is irresponsible with their money, such as athletes and celebrities. In some way he is at least trying to get them to invest.

    Im just playing devil's advocate here.

  35. Whatever people think or conclude on GC it is not changing anything on the fact that piggy bagging business over someone else’s success (irrespective quality) is not a great practice.

    People have a choice:
    1- If someone dies – solution is easy. If family trust buys Cardone Capital than dying within family is not an issue. Family trust owns it.
    2- It is people’s responsibility to look after investments no matter how small and keep contact details and addresses. Monthly regular checks are good reminders so forgetting is hard.
    3- Liquidity is a good point but than rolls should not invest in GC capital 95% of their money 💰
    4- I would be surprised if T&Cs would not allow to sale portion of GC investments to someone else.

  36. I AGREE WITH YOU…BUT I THINK CARDONE CAPITAL IS JUST ANOTHER SCAM. YOUR POINTS ARE RIGHT ON. BRENT CARDONE IS BULLSHIT HE IS JUST A FAST TALKER . AND YOU GIVE YOUR MONEY TO HIS COMPANY. THAT IS A DISASTER WAITING TO HAPPEN!….SMH.

  37. person has made a YouTube video he has put in 15k into Grant Cordone capitol only getting like $50 a month,,if you read the terms the fees are high and even charges for the jet fuel part of expenses in the fund

  38. I don’t believe this is a competitive investment. I do think that the liquidation event is a bit over played though. When you look at most retail investors, they constantly buy high and sell low on all types of asset classes. Assuming you don’t need any of the money put into it, than the liquidity part might be a protection against emotional financial decisions.

    Most of these funds have a high incentive to unload the property and fulfill their expectation at 10 years. Do we really think Cardone will not want to see at a 35 percent deal with none of his money at risk. Could he also sell prematurely because his skin isn’t fully invested in that game? Yes and yes.

    Regardless, the rate and terms of this “deal” are not attractive at all unless you make lofty assumptions of a significant payoff in 10 plus years.

    Or, drop any amount of money in a pubic REIT that pays 5.5 percent than add a portion of that allocation to mortgage REIT that have a fairly stable price and higher dividend, NYMT at 12 percent with liquidity but also public market risks if you are a person that watches prices per day or each quarter.

    You make out with Cardone or other private offerings when they sell plus it’s supposed to pay a 7 or 8 percent yield instead of 6 plus offer some options of liquidity per quarter.

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