Grant Cardone, a multi-millionaire salesman, business owner, and real estate investor has amassed immense wealth through salesmanship, business ownership, real estate investing and motivational strategies. He has created online content on topics related to sales, real estate investing, motivation, lifestyle choices and more on YouTube and across the internet. A best-selling author with multiple TV appearances on his resume, Grant has founded several successful enterprises such as Cardone University, Acquisitions LLC and Cardone Training Technologies which all share his philosophy of success.
Cardone advocates investing in oneself. He strongly believes that becoming wealthy requires investing in yourself first and foremost. His Cardone University sales training program does this effectively for businesses and individuals alike, while his rental properties make up much of his net worth.
Cardone Capital LLC, his latest endeavor, seeks to raise up to $150 million from investors; not open to the general public but restricted only to accredited investors with minimum investment of $100,000.
According to its website, this fund will identify, acquire and manage income producing real estate in primary markets with strong economic fundamentals in order to generate future capital appreciation from these assets. They aim for a capital appreciation rate of 8.5% or higher and LTM cash flow yield of at least 7% as their targets.
Grant Cardone is a widely respected real estate guru with many followers seeking to learn how to make money through real estate investments. He hosts the Real Estate Summit 2024 in Hallandale Beach, Florida as well as speaking at other real estate events and writing multiple books relating to this field. Furthermore, his podcast show entitled the Grant Cardone Show also is popular.
Real estate can be an effective way to grow wealth, but you should do your homework prior to investing in any property. Make sure that you fully comprehend all costs associated with owning one – maintenance fees, insurance premiums and mortgage interest should be carefully evaluated before purchasing a piece of real estate. Furthermore, look into its replacement cost; that amount represents what would be necessary to reconstruct it as new building.
If you’re considering investing in real estate, hiring a professional is recommended. An experienced realtor will have knowledge of the local market and can assist in finding you an appropriate property; additionally they can advise on which loan would work best with your situation.
The lawsuit filed against Cardone is yet another instance in an increasing trend of financial influencers seeking investments through pooled investment vehicles. While his rental housing strategy may appear harmless, his ability to attract gullible investors while portraying hyperaggressive rentierism as financial common sense speaks volumes about both real estate industry and his own skills.