It’s another one of those making money online programs that is centered around selling a clapped out course that supposedly makes you money by renting out houses.
But hey, if you wanna jump into an EXPENSIVE market right before it crashes…
Don’t come crying to us when you lose THOUSANDS and your parents give you shit.
It’s supposed to show you how to become a 6-figure real estate mogul…but it’s truly out of reach for most people like you, constrained by budgets and student loans.
That’s just the truth…you won’t get rich by purchasing one property that only profits a couple hundred a month with loads of liabilities and shitty tenants.
And while we have to be honest for this review…
Cardone Capital does come with some very helpful information to make money through real estate and land some massive deals…
But it’s outdated AF!
At the end, I’ll answer some of the most frequently asked questions regarding Cardone Capital and pussy-footin’ around with wasting more money on Grant Cardone in general.
And most importantly, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off Real Estate for good, because it uses some of the same skills but in a much more powerful and profitable way!
But more on that later.
For now let’s hop into all things Cardone Capital!
Grant Cardone himself will be the first to tell you…he never thought he would have ended up where he was today.
In fact he was a drug abuser up until the age of 25. He was in a dark place and he was always in his own way it seems.
It took a lot of hard work and discipline, however, he managed to turn everything around. And could you imagine it? He actually used to suck at sales!
He hated it too!
But he got better at it and now he owns a real estate portfolio estimated to be worth about $350 million, he is convinced that you either sell or get sold just like his book implies, and he learned to sell.
On top of that, he’s a New York Times best selling author and has written seven different books!
He owns Cardone Enterprises, The Cardone Group, and Cardone Acquisitions.
On top of all his real estate investing deals, he also travels around the world as a motivational speaker, known especially for his 10X mentality.
Cardone Capital does not share any financial information, which admittedly, is a bit shady. However Grant Cardone has a long history of success in residential real estate…
With numbers like his we are inclined to believe that monetarily everything is fine.
There are some numbers out there though and if that information is to be believed…Cardone Capital manages a portfolio of residential properties with more than 7,700 units worth over $1.7 Billion!
Now that’s impressive…
On top of that Cardone Capital focuses on picking up properties that already have a stable cash flow for investors.
Because over time, you can grow those cash flows!
Also, by avoiding starter projects or properties that have been vacant for quite some time…the risk of financial loss is lower.
It is entirely possible to build a profitable, successful business without real estate though.
The Jury is still out on this one…primarily because Cardone Capital has a 10 year hold. We can’t say that this isn’t good, because this is exactly what most investors in it for the long term are looking for.
This long term model that is set up makes it difficult to determine whether or not there is a successful method to Cardone Capital and it’s madness for investors.
Grant Cardone has been in the real estate investing game since the mid 90’s .
He leads Cardone Capital as the founder and CEO, with the company pointing to his leadership and strength for not only their success, but their investors as well.
As previously mentioned…Cardone Capital is known for managing nearly $2 billion in real estate!
If you’re looking for a secret sauce…We’re sorry to let ya down. Cardone Capital says that they source their properties from the usual suspects including: public listings, brokers, private sales…
It should relieve you to know that if you invest, you’re money isn’t going anywhere risky…
In fact, the funds currently given to Cardone Capital are invested in Cardone Owned properties.
The cool part of all this is that Cardone Capital themselves have already put the real estate investments through their process and own a large portion.
Why is this a good thing?
What they have done is actually align both their investors interests and their own by allowing them both to have upside and downside with skin in the game.
It isn’t all sun shines and rainbows though…
One aspect of the Cardone Capital investing strategy can create a conflict of interest between the parties.
Currently, a majority of Cardone Capital funds are invested in these minority stake entities owned by Grant Cardone.
So while it’s good that these properties have made it through the vetting process, Grant Cardone is technically your manager and therefore the seller of property that your capital helped buy.
That being said…you can see why some people aren’t fans.
When you look deeper than face value, you can see that it isn’t the consistently protecting the investors capital which is at risk.
It doesn’t stop there though…
No, Cardone Capital retains a whopping 35% of equity in the funds!
The main take away people need to consider here is that at the end of the day…
You are putting your trust, whether you like it or not, with Grant Cardone to properly take care of your money inside Cardone Capital.
And giving anyone your money is pretty risky if you ask us!
Cardone Capital offers investment options to both accredited investors and non accredited investors.
The non accredited funds also receive more information about the fund structure, fees, and performance since they file regular disclosures with SEC.
That is if they take the time to read them of course.
This is where the rubber meets the road for a lot of people…$5000 is a lot of money for most people to just put into another guys hands.
For the accredited investor out there…we’re talking $100,000 minimum!
That’s one of the highest minimums we’ve seen for the accredited investor class.
Real estate investment opportunities take big money whether you go with Grant Cardone, Cardone Capital, or not…
The question is…who do you trust more?
Grant Cardone with nearly $2 Billion in real estate investments or you…the guys reading this article about investing in real estate.
The fees are pretty reasonable compared to anything else you might come by.
1% disposition fee for any property sales made, 1% acquisition fee for property purchases, and 1% annualized asset management fee.
On top of those fees…there are several other expenses and fees related to each startup fund that will consume your investor capital.
Based on an average of potential capital raises for each fund, expect about 87% of your investor capital to go toward things like property acquisitions while the rest covers startup fees and working capital.
The great news is that most investors have seen an average return on 6%, better than any other general investment opportunity.
Unfortunately this is still not a very investor friendly option because Cardone Capital has a very generous reward waiting for them without almost any capital funds at risk.
Based off it’s history, Cardone Capital has gone on record stating that their investors have never lost money.
Their funds have a target of 6% cash flow and a 15% annualized investor internal rate of return. For Cardone Capital accredited investors…they offer 6% preferred return.
Don’t get trigger happy, you can’t do that with these investments.
The funds structured with Cardone Capital are for a 10 year period with no exit to the fund. This is a long term investment play so don’t commit any funds you may need at some point or another.
Grant Cardone and his company Cardone Capital is a great way to get involved with the real estate industry if you already have some initial cash set a side.
If you don’t, it can be really tough as a beginner real estate investor to hold off 5 years or even 10 years to see a really profitable return.
However, if you’re willing to wait 10 years for your investment to pay off…then handing over money to a guy who does 1.7 Billion in real estate isn’t a bad idea. I means there are worse investments that could be made.
This is also a great opportunity for anyone looking to expand their passive cash flows as it is in Grant Cardone’s control.
However, there is a better way to make passive income with real estate property principles in our opinion…
Where these other models fall short is in scalability. Because in order to make a good amount of money with a 1 or 2 websites, you have to reach people on a national level.
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.