Cardone Capital and all the U tubes

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Cardone Capital and all the U tubes

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

Wow I don't know if anyone is watching all these U tubes on Cardone.. I have no dog in the HUNT I dont know him never met him Never watched any of his stuff.  So when I start to see U tubes that are so negative I watched a few.

Just watched a few this morning and talk about the blind leading the blind then all the haters get on who are just keyboard cowboys.

so
1. As I said no dog in the hunt.
2. Full disclosure I have done one PPM  in the last 3 years so know a little bit about it.

So what I cant understand is from my vantage point.

Everyone is freaking out becasue of no distributions.. And that he fired staff etc etc..  Well I suspect there is going to be a lot of syndicators shoring up reserves right now.. there is absolutely NOTHING wrong with that in my mind.. Safety of the asset first.  

Next thing they are talking about is Grant is taking his fee's.. well do we all think that Grant is a sole proprietor who does all the work or do you think if U were owning funds with 8k doors you may have some staff?.. and that the management fee is going primarily to staff!  these guys were making a big deal that Grant is getting paid..  Whether he is taking personal comp who knows.. but to think he is pocketing all those fee's personally or to not clarify that is wrong.

Cardone like many found Paid training.. and I suspect he Makes MILLIONS in paid training.. just like those that came before him Montalongo
Fortune Builders  Zurrix etc etc.. its a HUGE money business.. why do you think the guys who sell paid training on how to be a syndicator popped up in the last few years.. Lots of money in it.

So I watched a few of Grants vids and yes he is out there.. and his language is kind of rough and crude but I can see him having a base much like Trump has his base..  And of course you have the JET  LOL..  :)  the guys at Zurrix have a 30 million dollar jet so its common.

It appears he has bought A class trophy type props and according to Meet Kevin paid top of the market for them..  But bottom line as long as there is no funny business behind the scenes I personally would rather have someone like him running the show than some syndicator that just started out and does not have any true personal net worth or balance sheet past the few deals they did..  IE the ones that have to bring in credit partners that have NO PG becasue they cant themselves qualify etc.

On one video the guy being interview said that Cardone takes 35% for himself and that included 35% of your investment. not just the upside and the dude interviewing him asked twice about it and he still said that was what he did..  I mean come on.. then he was whining becasue he is not accredited and apparently accreds get a 6% pref and non accreds 4.5%  and he was shocked after the fact and felt he was duped,  so he obviously did not read the offering Memo  LOL

Interested on anyone else's take on this.. like Grant dislike him.. But I would hope people would be more accurate in their reporting. And or know what the heck they are talking about



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Greg Dickerson
Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
6y
Originally posted by @Jay Hinrichs:

@Greg Dickerson  see above  :)

Jay - I will be doing an exclusive interview with Grant tomorrow to discuss exactly what's going on with Cardone Capital. I will get the real truth directly from Grant. Should be an interesting interview.

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  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y

    @Greg Dickerson  see above  :)

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  • Greg Dickerson
    Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @Jay Hinrichs:

    @Greg Dickerson  see above  :)

    Jay - I will be doing an exclusive interview with Grant tomorrow to discuss exactly what's going on with Cardone Capital. I will get the real truth directly from Grant. Should be an interesting interview.

    19Reply
  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Greg Dickerson:
    Originally posted by @Jay Hinrichs:

    @Greg Dickerson  see above  :)

    Jay - I will be doing an exclusive interview with Grant tomorrow to discuss exactly what's going on with Cardone Capital. I will get the real truth directly from Grant. Should be an interesting interview.

    Ya I put no credibility into all these U tubers that are using Grant I suspect to grow their channel.. I am new to U tube I just started watching it about 6 months ago or so.. Mainly for cooking recipes and aviation related topics..  

    I mean this is not rocket science.. as an operator your first and foremost job is to protect the asset.. And when revenue is going down you shore up reserves.. If your investors need to standby for a few months or a year then that is the prudent move.

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  • Brian Garrett
    Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
    6y

    Grant is great at marketing himself there’s no doubt about that but in my opinion he has yet to prove himself as an efficient and successful multifamily operator. This would be the chance for him to do that so only time will tell if he can withstand the heat and find a way to prevail.

    3Reply
  • Robert M.
    Investor · Dundee, OR · Member since 2016 · 104 posts · 162 votes
    6y

    I like Grant and have watched his channel, read his books, and enjoyed his lectures as I have learned from him. He is very motivating. Meet Kevin is a German immigrant that was bullied in school and has now become the bully. We were Kevin subscribers from the beginning. Wife an I are big You Tubers and have followed Kevin, Randy Patrick, (bubble kitty) and Graham Stephan just to name a few. We stopped watching Kevin due to all his profit from others demise. He is very smart but full of hate and anger, # dont sue me bro. I wish the best for Grant and his family, he isnt the first dreamer to have been hit with an unforeseen situation. The kick em when they're down mentality sucks!

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  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Brian Garrett:

    Grant is great at marketing himself there’s no doubt about that but in my opinion he has yet to prove himself as an efficient and successful multifamily operator. This would be the chance for him to do that so only time will tell if he can withstand the heat and find a way to prevail.

    Brian,

    well cutting staff and stopping distributions and stacking cash seems to be a no brainier prudent move..  I wonder though how much of the staff that was let go was actually in his ancillary companies.  Not in his Cardone Capital  /  management of the real estate .

    I just hearken back to the GFC  there was a great development company out of Minneapolis  Opus development  they build the mall nearest my home in Lake Oswego  and they ended up BK  I had a friend that worked there  300 employees..  Billions in developments all over the US.. Not sure if they had any MF though mainly retail and office from what I remember.  

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  • Jay HinrichsBusiness Member
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    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Robert M.:

    I like Grant and have watched his channel, read his books, and enjoyed his lectures as I have learned from him. He is very motivating. Meet Kevin is a German immigrant that was bullied in school and has now become the bully. We were Kevin subscribers from the beginning. Wife an I are big You Tubers and have followed Kevin, Randy Patrick, (bubble kitty) and Graham Stephan just to name a few. We stopped watching Kevin due to all his profit from others demise. He is very smart but full of hate and anger, # dont sue me bro. I wish the best for Grant and his family, he isnt the first dreamer to have been hit with an unforeseen situation. The kick em when they're down mentality sucks!

    ya i just started watching U tube winter and also just realized that these folks are trying to build a for profit channel. 

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  • Michael King
    Rental Property Investor · Navarre, FL · Member since 2019 · 913 posts · 640 votes
    6y

    I like Grant. I don't know him, have no skin in it, but what value he's given me is drive and motivation simply through watching one of his interviews on BP's youtube channel, and listening to the other. The end result is I had my first MF under contract about 4 weeks after listening to him. I have respect for the guy.

    8Reply
  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Michael King:

    I like Grant. I don't know him, have no skin in it, but what value he's given me is drive and motivation simply through watching one of his interviews on BP's youtube channel, and listening to the other. The end result is I had my first MF under contract about 4 weeks after listening to him. I have respect for the guy.

    motivation in a positive light is good no matter where it comes from..  many ways to skin the real estate game  MF is just one of them. 

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  • Matt R.
    Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
    6y

     I think it is 60/40 and 4%. It is not hidden as you said. As one bper once said he is a stone cold hustler. Youtube is a whole other animal. They might make more from YouTube than anything else so they tend to do what gets most views. It is a great resource still especially if you need to fix something. 

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  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Matt R.:

     I think it is 60/40 and 4%. It is not hidden as you said. As one bper once said he is a stone cold hustler. Youtube is a whole other animal. They might make more from YouTube than anything else so they tend to do what gets most views. It is a great resource still especially if you need to fix something.

    Or for me not leaving home and doing all the cooking  LOL.  

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  • Jay HinrichsBusiness Member
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    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Account Closed:

    Exclusive interview?   O Reilly had the exclusive interview with Obama.

    Who would have thunk O Reilly would have caved to the President of the USA.

    Aint no way Greg  D.  going to get anything out of Grant Cardone.   Grant isnt going to agree to do a Youtube interview to be humiliated.

    More of the usual . Im the Man. Everythings fine.  The layoffs were just deadwood anyways, etc.

    You then add if Greg did go after Grant no one else would go on his podcast.

    You do the math.

    Lanny thank you for responding..  I just dont think its that complicated as it relates to MF syndication.

    when you get in situation were revenue is going to, or might be,  projected to be below proforma.. there are only a few steps you can take to shore up the MF asset..  cut costs  No capital improvements just maintain stop distributions only pay fixed debt.. in other words get lean and mean.. and ride through the heavy seas.. In some case's and I am in no way inferring this is the situation at CC is revenue is too low for to long of a period of time there is nothing you can do short of massive cash calls.

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  • Matt R.
    Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
    6y
    Originally posted by @Jay Hinrichs:
    Originally posted by @Matt R.:

     I think it is 60/40 and 4%. It is not hidden as you said. As one bper once said he is a stone cold hustler. Youtube is a whole other animal. They might make more from YouTube than anything else so they tend to do what gets most views. It is a great resource still especially if you need to fix something.

    Or for me not leaving home and doing all the cooking  LOL.  

    It may be one of man's greatest inventions. 

    0Reply
  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Matt R.:
    Originally posted by @Jay Hinrichs:
    Originally posted by @Matt R.:

     I think it is 60/40 and 4%. It is not hidden as you said. As one bper once said he is a stone cold hustler. Youtube is a whole other animal. They might make more from YouTube than anything else so they tend to do what gets most views. It is a great resource still especially if you need to fix something.

    Or for me not leaving home and doing all the cooking  LOL.  

    It may be one of man's greatest inventions. 

    Along with the DRY Vodka Martini :)

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  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    6y

    @Jay Hinrichs Grant's most - shall I say - interesting interview is with Jordan Belfort (the Wolf of Wall Street guy). If you haven't already watched it, it's worth the watch and then some. 

    I watch Grant Cardone from time to time in small doses. I watch some Meet Kevin as well (though he tends to add as many Youtube commercials in his videos as possible which is maddening). 

    I like Ben Mallah; mainly his open-call videos where he's answering caller questions as his regular videos are feeling very reality TV staged as of late - but his open call videos tend to have good information.

    Though my favorite are the BP podcasts - thank goodness for them. The model of 'we're going to give you information and not try and sell you something' is the best model - probably why I like Ben Mallah - he's not trying to sell any programs though as mentioned I do believe someone in his family wants them to have a reality TV show.  

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  • Ramon Flores
    Rental Property Investor · Los Angeles, CA · Member since 2016 · 172 posts · 122 votes
    6y

    I like listening to Grant, I don't believe in everything he says. To me he is very motivational and I like his attitude. After listening to lots of his shows though, I realize that he contradicts himself a lot. He's a very good salesman, and just for that it is fun watching him. As far as his YT goes, he talks about real estate in an entertaining way. I have learned a lot from him even though I currently prefer SFH.

    1Reply
  • Matt R.
    Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
    6y
    Originally posted by @Karl B.:

    @Jay Hinrichs Grant's most - shall I say - interesting interview is with Jordan Belfort (the Wolf of Wall Street guy). If you haven't already watched it, it's worth the watch and then some. 

    I watch Grant Cardone from time to time in small doses. I watch some Meet Kevin as well (though he tends to add as many Youtube commercials in his videos as possible which is maddening). 

    I like Ben Mallah; mainly his open-call videos where he's answering caller questions as his regular videos are feeling very reality TV staged as of late - but his open call videos tend to have good information.

    Though my favorite are the BP podcasts - thank goodness for them. The model of 'we're going to give you information and not try and sell you something' is the best model - probably why I like Ben Mallah - he's not trying to sell any programs though as mentioned I do believe someone in his family wants them to have a reality TV show.  

    Ben is great. He gives solid advice. The difference between these two is one is giving real honest advice and the other is marketing 24/7 for his 60/40 syndication. Ben would never say don't buy SFR or Plexes as this is where many can get best financing and get the ball rolling. Where the other guy will spend much effort with red herring scare tactics regarding sfr/plexes. Both fly jets is about all they have in common.

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    6y
    Originally posted by @Karl B.:

    @Jay Hinrichs Grant's most - shall I say - interesting interview is with Jordan Belfort (the Wolf of Wall Street guy). If you haven't already watched it, it's worth the watch and then some. 

    I watch Grant Cardone from time to time in small doses. I watch some Meet Kevin as well (though he tends to add as many Youtube commercials in his videos as possible which is maddening). 

    I like Ben Mallah; mainly his open-call videos where he's answering caller questions as his regular videos are feeling very reality TV staged as of late - but his open call videos tend to have good information.

    Though my favorite are the BP podcasts - thank goodness for them. The model of 'we're going to give you information and not try and sell you something' is the best model - probably why I like Ben Mallah - he's not trying to sell any programs though as mentioned I do believe someone in his family wants them to have a reality TV show.  

     Since that interview Jordan Belfort has been hinting that Grant Cardone is essentially a con artist....An interesting thing to do, given that Jordan is one of the most well documented con artists out there. Grant's done some great things and I've gained some pretty serious value watching his content. All of Grant's content isn't for me, but it doesn't appear to me that he's anything other than a hard working legitimate businessman.

    2Reply
  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    6y
    Originally posted by @James Wise:
    Originally posted by @Karl B.:

    @Jay Hinrichs Grant's most - shall I say - interesting interview is with Jordan Belfort (the Wolf of Wall Street guy). If you haven't already watched it, it's worth the watch and then some. 

    I watch Grant Cardone from time to time in small doses. I watch some Meet Kevin as well (though he tends to add as many Youtube commercials in his videos as possible which is maddening). 

    I like Ben Mallah; mainly his open-call videos where he's answering caller questions as his regular videos are feeling very reality TV staged as of late - but his open call videos tend to have good information.

    Though my favorite are the BP podcasts - thank goodness for them. The model of 'we're going to give you information and not try and sell you something' is the best model - probably why I like Ben Mallah - he's not trying to sell any programs though as mentioned I do believe someone in his family wants them to have a reality TV show.  

     Since that interview Jordan Belfort has been hinting that Grant Cardone is essentially a con artist....An interesting thing to do, given that Jordan is one of the most well documented con artists out there. Grant's done some great things and I've gained some pretty serious value watching his content. All of Grant's content isn't for me, but it doesn't appear to me that he's anything other than a hard working legitimate businessman.

    Yeah. Grant and Jordan don't like one another, which is a shame. I was hoping for a lot of value in that interview. The interview was must-see though IMO. As we all know, Jordan is definitely a former swindler - though I think he's a good salesman and leader in that he knows how to motivate (yeah - most successful swindlers/former swindlers likely are, of course). 

    From what I saw from Jordan (a Meet Kevin interview) I never felt like Jordan was calling Cardone a con-artist but I do feel like he was questioning whether he's a good salesman who should be teaching people sales. 

    I think Cardone is 100% legitimate as far as he owns what he says he owns. He's not selling D-class junk to unsuspecting investors like that one guy we like to meme but IMO he's too sale-sy and often bases his teachings around what he wants one to do (buy his programs and invest in his company), which tends to happen when someone has programs or something else they want to sell. 

    ---

    @Matt R Yeah - I think a lot of people can relate to Ben. He's like that relative we all know. And he seems very genuine. When he says he's here to help others I feel like it's true; he's not looking to sell anything. 

    2Reply
  • Robert M.
    Investor · Dundee, OR · Member since 2016 · 104 posts · 162 votes
    6y
    1Reply
  • Account Closed
    Investor · Singapore · Member since 2013 · 1k+ posts · 3k+ votes
    6y

    Maybe its just a cultural thing and even after living the vast majority of my life in the US I just don't understand Americans attraction to brash loudmouths and their propensity to be taken in by them. Most of the time really competent people are quiet. There are also thousands of successful investors making millions and billions who you rarely hear from and they certainly don't need your money. Try approaching some successful hedge fund guy with a $10K "investment" and see what he says. Hell try to even get @Jay Hinrichs to take your money. He won't.  Everything about Cardone smells of a con.  If Cardone was one tenth as good as he claims to be institutional investors and family offices would line up to give him money. There is no shortage of capital that needs a home. Why target the average sucker for $10K at a time? 

    12Reply
  • Jay HinrichsBusiness Member
    OP
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Account Closed:

    Maybe its just a cultural thing and even after living the vast majority of my life in the US I just don't understand Americans attraction to brash loudmouths and their propensity to be taken in by them. Most of the time really competent people are quiet. There are also thousands of successful investors making millions and billions who you rarely hear from and they certainly don't need your money. Try approaching some successful hedge fund guy with a $10K "investment" and see what he says. Hell try to even get @Jay Hinrichs to take your money. He won't.  Everything about Cardone smells of a con.  If Cardone was one tenth as good as he claims to be institutional investors and family offices would line up to give him money. There is no shortage of capital that needs a home. Why target the average sucker for $10K at a time? 

    Couple of those quiet successful types come to mind Brian Burke and Ivan Barrett  

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  • Nicole Heasley Beitenman
    Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
    6y

    @Anish Tolia I'm American, and I agree with you 100%. I think Grant Cardone is an arrogant ***. Can't stand him.

    2Reply
  • Matt R.
    Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
    6y

     If this was a regular public company, Grant would have been fired 100% for releasing a fake bankruptcy video. They would have had an emergency meeting and in 24 hours he would be gone. I expect more of 10X fun coming soon. Stay tuned. If a quiet type had the same amount of marketing, I think that fund would have had 10X more in it. 

    0Reply
  • Sam Josh
    Sunnyvale , CA · Member since 2017 · 373 posts · 362 votes
    6y

    @Anish Tolia

    Guys like Cardone typically don’t appeal to the savvy, well heeled and the wealthy because his “advice” adds nothing incremental and is actually quite misleading.

    The big game for these “gurus” is in the young 20 some low income wet behind the ears who think Cardone has a magical key to wealth and success. Cardone does a masterful job of “talking” to them aka “motivating” them. He spews advice like cash is thrash, college is a waste, 401k is like burning money, buying your own home is a cardinal sin etc and in every message all he is asking is to take your money and invest in his syndicate. Heck in some of the messages he is even telling people to kill their 401ks and sell their homes and invest that money in his fund.

    The wise and the savvy will find that either disgusting or amusing but certainly not something worth following!! Plus almost every video shows his car, watch collection and the jet. The tone is arrogant, authoritative and very brash.

    To the naive investor, the cars represent the “success”, the brashness represents “confidence”. They are not asking the tough questions like how is this all funded, what debt is being carried on the balance sheet, what’s the track record of his investments, why are other fund managers not asking for money on YouTube or why someone like Cardone is not paying his investors.

    That job is being left to the other you-tubers like Kevin or others. To me Cardone puts himself out there like a know it all celebrity and then gets the scrutiny a celebrity will get.

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