What is going on with grant cardone????

Buying & Selling Real Estate

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What is going on with grant cardone????

Will G.

Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes

Is this a joke?

bankruptcy vid

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Scott TrenchPro Member

Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes

I think folks should be careful about what they post here until more information develops...

Podcast Guest on Show #223

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Stone Saathoff
Investor · San Antonio, TX · Member since 2019 · 576 posts · 307 votes
6y
Looks like a joke but then again he did lay off quite a few people. You never know.
May be worse in his markets. In San Antonio, Texas things are still going alright!
1 Reply
Will G.
OP
Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes
6y
@Account Closed saw the removed bit..makes me wonder why the mods would care?
1 Reply
Tim Huffanaa
Virtual Assistant · LA · Member since 2020 · 2 posts · 1 vote
6y
Who is that guy ?

Grant Cardone

0 Reply
Mark Freeman
Real Estate Investor · Clovis, CA · Member since 2014 · 195 posts · 194 votes
6y
I loved Grants first podcast. He is such a motivator! I probably listened to it 15 times. I couldn’t listen to Dave Ramsey again after that. I loved how he talked about creating and expanding - not contracting or keeping things small. I guess he is using some smoke and mirrors to keep his name out there. He said in that podcast (paraphrase) If you can get half of the country to hate you, you could be president!
2 Reply
Taylor L.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
6y
Originally posted by @Tim Huffanaa:
Who is that guy ?

Grant Cardone

Sales trainer & real estate investor with a few funds, both accredited and non-accredited investors depending on the fund.

0 Reply
Dell J.
Member since 2010 · 210 posts · 158 votes
6y
you should be more responsible. Hes joking about bankruptcy when people are invested in his company
1 Reply
Emmanuel Soto
Arizona/SoCal · Member since 2019 · 12 posts · 2 votes
6y
@Will G.
Grant cardone knows what hes doing. Smartest man in real estate I've ever met. Growth conferences are frkn amazing!
2 Reply
Eric Bilderback
Real Estate Agent · Sisters, OR · Member since 2014 · 1k+ posts · 1k+ votes
6y
He is not my cup of tea but man he gets slammed. Are folks saying he takes naive investors money and basically doesn’t know what the hell he’s doing? Or is it that he is just brash as hell and seems to get away with it?
1 Reply
Account Closed
Investor · Singapore · Member since 2013 · 1k+ posts · 3k+ votes
6y
Originally posted by @Stephen Schott:
I will say his Cardone University stuff has been pretty awesome.

Care to elaborate? His tactics seem to be the bastard child of a used car and timeshare sales person. Do people in your world really respond to that? Do they list their properties based on a hard sell?

6 Reply
Will G.
OP
Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes
6y
@Dell J. pretty sure you meant "he should be more careful" right?
1 Reply
Dell J.
Member since 2010 · 210 posts · 158 votes
6y
Originally posted by @Will G.:
@Dell J. pretty sure you meant "he should be more careful" right?

Yes. You are right. “He”
1 Reply
Account Closed
Investor · Ormond Beach, FL · Member since 2019 · 78 posts · 73 votes
6y
Fake, real, somewhere in-between...those aren't the questions I would be asking.
Would you trust your hard earned money with this person or their company? This is the only pertinent question in my mind. To answer this, you need to be asking yourself what do these people/companies really do?
Today more than ever before, there are an expanding number of syndicators vying for your hard earned dollars. As passive investors, it is extremely important to recognize exactly who you are investing with. Many of the larger syndicators these days are NOT real estate companies or operators. They are MARKETING experts. They just use real estate as their vehicle. They could just as well be selling pizza chain franchises.
Were I placing my money with a syndicator, I would make sure they come from a real estate background. I would make sure they were busying their minds with operational challenges, not focusing on building a "platform".
6 Reply
Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
6y
Originally posted by @Account Closed:
Apparently you need to be careful about posting the truth here about Grant.
My response was removed, without explanation.

Sad that BP is hiding the truth from investors to protect GC.

Jeph, your post was not removed, the post above yours was removed. It was a spam comment that had nothing to do with Cardone.

[email protected]Podcast Guest on Show #261
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Account Closed
Flipper · Friendswood, TX · Member since 2017 · 401 posts · 368 votes
6y
@Mindy Jensen- Thank you for the clarification. It shows in the "block" on my comment that it had been removed. If it wasn't then I apologize.

0 Reply
Sam Josh
Sunnyvale , CA · Member since 2017 · 373 posts · 362 votes
6y
@Craig A. Schumacher
You said it right. They are marketing experts and RE is the best way for them to load up on capital and take a shot at higher net worth. Savvy and well heeled investors can see through these youtube gimmicks of flashy cars, rented jets etc. The wet behind the ears, lower income, 20 something however will bite into the marketing. What is being marketed or how it is being marketing is not illegal. The consumption of the marketing could appear foolish and misleading to the savvy educated investor. But remember that is not the target market for the marketer. He/she may rather stay the heck away from the more astute crowd.
4 Reply
Andrew HoganPro Member
Rental Property Investor · Indianapolis, IN · Member since 2016 · 560 posts · 463 votes
6y
Had Grant not invented bad news, this thread wouldn't exist which was the whole point... to break through the noise and get people talking even if it's negative... having said that, I personally wouldn't want to do anything that may hurt my network's trust in me.
1 Reply
Will G.
OP
Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes
6y
@Andrew Hogan, kinda my point, i don't see how this promotes trust? not really buying the "any publicity is good" if your business is built on reputation. He posted that video b.t.w., so what was the reason? scare his investors? recruit clients? NOT good timing!
3 Reply
Sam Josh
Sunnyvale , CA · Member since 2017 · 373 posts · 362 votes
6y
@Andrew Hogan
Indeed. It did get people talking. But inventing bad news in these times. Is it really a smart move and importantly an ethical one is the big question. Fact is negative events (cat fights, violence, conflicts, bad news etc) have been craftily used to drive up eyeballs and ratings for reality TV shows. Controversy sells, no doubt. Gossip is big business all over the world. But that’s reality TV and gossip magazines and this is real peoples real money. There is a big difference. So the jury is truly out on if the creator of the message is a genius as some posters suggest or outright dumb as some others suggest.
1 Reply
Brian Adams
Syndicator of Large Apartment Buildings · Glen Mills, PA · Member since 2009 · 1k+ posts · 1k+ votes
6y
I am done even thinking about Grant Cardone.
@grant cardone - I will buy your jet though...
2 Reply
Matt R.
Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
6y
Originally posted by @Sam Josh:
@Andrew Hogan
Indeed. It did get people talking. But inventing bad news in these times. Is it really a smart move and importantly an ethical one is the big question. Fact is negative events (cat fights, violence, conflicts, bad news etc) have been craftily used to drive up eyeballs and ratings for reality TV shows. Controversy sells, no doubt. Gossip is big business all over the world. But that’s reality TV and gossip magazines and this is real peoples real money. There is a big difference. So the jury is truly out on if the creator of the message is a genius as some posters suggest or outright dumb as some others suggest.

I get the marketing tactic. He deleted the video so I guess it was not the attention he was looking for. It was clearly a marketing mistake to many observers. Perhaps more marketing for tenants would suit his investors better considering they are getting nada at the moment. Marketing for more investors when the current investors are not getting paid seems a bit out of touch tbh.

3 Reply
Jasmine H.
Rental Property Investor · Houston, TX · Member since 2014 · 139 posts · 140 votes
6y
@Will G.grant just released a youtube video saying yesterday's Instagram post was not true. He was trying to prove the point of how bad news and bad media travels faster than good news.
1 Reply
Dan H.Pro Member
Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
6y
Originally posted by @Jasmine H.:
@Will G.grant just released a youtube video saying yesterday's Instagram post was not true. He was trying to prove the point of how bad news and bad media travels faster than good news.

From this thread, It seems like many BP Users would not consider it bad news.
2 Reply
Mayer M.
Investor · Cherry Hill, NJ · Member since 2016 · 860 posts · 324 votes
6y
Who fcking cares!!!
0 Reply
Eli Geneus
Member since 2020 · 15 posts · 8 votes
6y
They forget he says he never factors appreciation or rent increases in cash flow n when it comes to rent growth to always think that rents can go down. Cardone University is actually a good site.
1 Reply
John Collins
Investor · Tx, GA · Member since 2019 · 313 posts · 337 votes
6y
Originally posted by @Mark Freeman:
I loved Grants first podcast. He is such a motivator! I probably listened to it 15 times. I couldn’t listen to Dave Ramsey again after that. I loved how he talked about creating and expanding - not contracting or keeping things small. I guess he is using some smoke and mirrors to keep his name out there. He said in that podcast (paraphrase) If you can get half of the country to hate you, you could be president!

Originally posted by @Emmanuel Soto:
@Will G.
Grant cardone knows what hes doing. Smartest man in real estate I've ever met. Growth conferences are frkn amazing!

OK - but has he made you any money? What are the actual stats he has delivered other than hyping you up and making you chug some red bull?

2 Reply

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