Cardone Capital

Obligatory "fuck that guy" comment

He's not a good real estate investor, but he's a great marketer. Matter of fact, I think he's one of the best marketers. That 10X campaign he did boosted his presence tremendously and made investors flock to him. To meet demand, he just kept buying sub-par and mediocre deals while marking up his fees. 

Heard he’s on fixed rate debt so he’s doing alright

Always thought the Cardone hate was funny, the guy is obviously an idiot to some degree but the vast majority of his pre-2021/2022 acquisitions all naturally crushed it as a result of the broader econ environment when everyone was piling into his stuff at 4 caps.  Those 2021/2022 buys are likely performing okay, not crushing it but not losing the keys by any means, if that debt is 5 years they exit in 2026/2027 when interest rates have normalized and there's still an insane amount of dry powder with an interest in the product type he owns.  They won't be home runs but they will all be just fine and cardone will still be filthy rich 

He's pretty much an idiot, without a doubt, but he's much, much, much wealthier than anyone on this forum making fun of him and his platform, myself included -- sort of a man in the arena phenomenon, he'll get his name dragged through the mud by random people who he's never heard of, while he continues raising money and doing deals while everyone knows exactly who he is

Well he just took down almost half billion in South FL multi assets last quarter, with cash. I'd say he is personally doing ok. 

Horrible investor, great marketer. I’ll never stop being amazed how many complete idiots there are with hundreds of thousands of dollars lying around to light on fire. 

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He caters to an investor base that is just very dumb. Like, on a person to person level, these aren’t bright people. They love his personality, they really believe he’s a brilliant investor, and they gush over his wonderful homes and jets, so they willingly part ways with their first few bucks or last few bucks.

He plays the part of a high flying investor far better than he actually is at investing, obviously. That’s the whole marketing schtick.

Luckily for him, our country has no shortage of dumb mouth breathers who are thrilled to part ways with their dollars.

Almost all of the posters here have no idea WTF they're talking about. I know Cardone Capital well. We've sold them deals and when I was on the lending side we financed his stuff. Have met him 3 times in person. Once when touring an asset in FL.

1st thing. I don't like the guy. His QAnon conspiracy theorist/click bait personality pisses me off. Every time I see him I get the stench of menthol and crappy scotch. Also he wouldn't shut the f**k about depreciation when talking.

Now back to the topic. Cardone is doing fine and will continue to do fine. I know for a fact his portfolio level LTV is less than 45%. He's got fixed rate on most deals. He's done a couple recently he bought all cash.

He gives his investors crapp returns like sub 3-4% in distributions. But here's the thing, he's still paying them. It's garbage returns no doubt but better than Tides/Rise/Nitya and the others.

Is he scam artist? To us. Sure. To others maybe not.

I hate the guy but let's deal in facts he will outlast most syndicators and even larger shops simply because his cost of equity is nothing. It's hard to compete. After seeing his portfolio metrics, I'd go as far as saying he'd be one of the last ones standing if the market sh*ts itself.

Regardless I want to see him crash and burn.