Has anyone here invested in any of Cardone Capital's active/past funds (https://cardonecapital.com/investments/)? Looks like they have accredited and non-accredited funds.
Not really interested in it from an investment advice perspective - more so just curious as to whether he's getting close to the 15% IRR/2.5x multiple he's advertising.
I know there are plenty of opinions on him from an owner perspective, but he's reporting $1.3B+ AUM and a ton of units owned - no arguing that.
Also, have any developers/brokers/lenders out there closed a deal with them? How was it?
Also does he send all his emails in caps? He seems like someone that is friendly but definitely sends all caps emails.
If you start off your bio with
"...a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership..."
then there is no way that you're actually good at real estate.
Grant Cardone is actually some what legit. He’s out buying deals.
Funny story I heard a broker say he was out touring a garden deal on his instagram story and tenants were freaking out that there rents might be jacked up.
And on a side note I get YouTube pop ups of Tai Lopez touring grass land in bumfuck Pennsylvania as he makes prophetic statements such as “Real estate is the best asset class because they aren’t making any more of it!” Then he speeds away on his rented Ferrari to his AirBnB mansion.
I would not be shocked if at the end of the day his firm turns into a ponzi scheme. The guy is a rockstar salesman but has no intellectual prowess when it comes to evaluating real estate or finance. He is going to get hosed competing against the big boys unless he is hiring serious talent from the big boys and entrusting them to run acquisitions/capital markets.
Wow that's some serious net cash from conferences. I don't doubt at all that he is very wealthy I just look negatively upon this new wave of capital syndication coming into the multifamily space outright lying about what kind of returns they can hit. Every pro forma is wrong but it is fraudulent to venture outside the realm of probability.