Grant Cardone, an entrepreneur and internet personality who has attained celebrity status due to his high-pitched sales pitches and radical ideas has amassed a loyal fan base while garnering some criticism as a result of his events and online courses. Grant Cardone Enterprises and Cardone Capital manage over 12,000 multifamily properties under their management. Grant is also a best-selling author and has appeared on popular shows like Discovery Channel’s Undercover Billionaire and The Rhonda Swan Show, has 2.51M YouTube subscribers, his books have been reviewed in both New York Times and Forbes, hosts an award-winning real estate podcast called the 10x Growth Show that has won accolades from high-profile business figures and celebrities, and hosts his popular real estate podcast called 10x Growth Show with rave reviews from high-profile business figures and celebrities alike.
Grant has amassed his fortune through investments in residential and commercial real estate as well as selling sales training programs. His annual 10x Growth Conference has become one of the nation’s premier real estate seminars; his advice has even been sought out by celebrities like Donald Trump, Tom Brady and Floyd Mayweather! His advice has become sought-after advice among business leaders such as Donald Trump.
Luis Pino, an investor, filed a class action suit against Grant in 2019. According to Pino, Grant used false advertising tactics inflate investor returns while hiding Cardone Capital fees; this case was ultimately dismissed in 2021.
Grant has long been considered an impressive real estate investor, yet his business practices have often been controversial. Cardone Capital raises money from non-accredited investors to fund real estate investments – over 13,000 investors have contributed money so far, raising over 1.1 billion for 12,466 apartments valued at over $4 billion invested by Cardone.
As a registered REIT, our company must abide by certain rules and regulations. These rules stipulate that it maintain a minimum net worth of $500 million while dispersing at least 90% of earnings to investors – designed to protect investors against bankruptcy or financial distress losses. In addition to these criteria, other requirements include positive cash flow and debt-to-asset ratio criteria must also be fulfilled.
Though popular, many question whether his sales training programs are worth their cost. Expensive and lacking practical application, some have even claimed they’re fraudulent schemes.
Others believe the program to be an invaluable way of learning about real estate investing and how to succeed as an investor. It offers access to a private Facebook group and weekly “Pitch Your Deal” calls as well as access to Cardone University website subscription. Though not free, prospective students have an opportunity for a 30-day free trial period which allows them to decide if it suits their needs – sign up here if interested!