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Not sure, but a friend of mine always listens to his podcasts, loves the guy. I don't really know his back story, but from what my friend says, he has some pretty good advice.
IDK, but he always pops up on my YouTube videos.
Both Cardone and Kiyosaki are very much legit. I've read a good amount of Kiyosaki's Rich Dad series. The tax book is great. Listen to a few of his affiliate's podcasts. I don't follow Cardone at all since he's a motivation dude and I don't need motivation. But he makes tons of legit money in REI.
He sells outdoor/adventure gear?
My first thought was the same, but he means Kiyosaki invested in commercial real estate.
REI = real estate investing my b
lol. thought the same thing.
I know, was just trying to be humorous.
Watch his youtube videos on how he gets people to buy his products. Genius salesman, watch him from time to time.
Watched some YouTube Clips on him to check it out...
He quotes a stat that 75% of people who invest in stock lose their money. Then proceeds to claim he can 5X your money without risk to the initial investment. "1M buys 4M" worth of Real Estate". It always rubs me the wrong way to listen to guys pump up unsophisticated investors and make it sound like money not at risk. Reminds me of a house flipping seminar.
Link:
I mean, $1mm can buy $4mm if you can get a 25% down loan.
Pretty dang risky.
What's risky about buying a cash-flowing real asset with leverage?
He's a high energy guy who makes his living from sales (motivation content, public speaking, seminars, etc.) and absolutely fucking crushes it as a sponsor putting together real estate deals (multifamily). I have seen a few of their deals and know some folks who have done business with them. I think his group owns like 5,000 units.
He's also in the Super Adventure Club if you know what I mean.
So he likes to hunt large game i.e. lions or is that the diddling little kids one?
He’s legit. He was a car salesman turned real estate investor. One of his big businesses is selling products that teach companies how to train employees to become better at sales. He owns several hundred million in real estate. I don’t exactly listen to him for the motivation, more so for the knowledge he has. His book, Be Obsessed or Be Average is pretty good. He’s much better than the guys you see on social media who rent expensive things pretending to be wealthy and try to sell you a program (ex. Tai Lopez).
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