Cardone Capital and your thoughts?

[Michael Wang]

Hi I'm currently looking to invest with Cardone Capital and I'm wondering if anyone here has ever invested with him or any other similar syndicators.  My ultimate goal is to build up my passive income to replace my job income, and when he (Also Origin Investments) talks about the stability of investing into large multifamily funds rather than individual deals, it makes sense.   

There are also a few others I've looked into such as Rod Khleiff's, Sunrise Capital Investors (Mobil Home Parks), Origin Investments, and Western Wealth Capital.  You are required to be an accredited investor with all of these vehicles. 

Thanks for everyone's insight 

[Brenda Wright]

Hi Michael, 

The 6% is actually 3% (minus 1% management fee annually, 1% disposition and 1% acquisition fee). 

So my opinion: $3,000 is so small when rehabbers (in your network) are searching for any kind of loan amount below 15% from hard money lenders. 

Plus you still own the property is something goes wrong (if you're in first position).

Invest in yourself and things you can control.