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User Stats

10
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0
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Andrew Seeker
  • Lender
  • Vancouver, WA
0
Votes |
10
Posts

An investment in Cardone Fund VI?

Andrew Seeker
  • Lender
  • Vancouver, WA
Posted

Hey Investors, 

I am in need of some cash and am offering my investment in Grant Cardone's Cardone Fund VI, LLC of $15,000 for $10,000, plus I'll cover the $750 transfer fee.

Got into the fund on August 22, 2022. Holding period is around 10 years. Current yield (paid monthly is 5%). On exit, there is an 80/20 split, with 80% going to the investors and 20% to Grant Cardone. 

Here is more about the fund: 

Cardone Equity Fund VI was opened to accredited and non-accredited investors who seek to capitalize on real estate investment opportunities with a focus on current yield and/or long-term capital appreciation. From February 2019 through January 2020, the fund purchased four apartment communities in conjunction with Cardone Equity Fund VIII - 10X Living at Addison Place, 10X Living at Panama City Beach, 10X Living at Columbia Town Center and 10X Living at Retreat at PCB. In total, the fund raised $29.5M of equity.

Thanks for your consideration, 

Andrew Seeker
 

User Stats

1,226
Posts
537
Votes
Zachary Jensen
Tax & Financial Services
#2 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
537
Votes |
1,226
Posts
Zachary Jensen
Tax & Financial Services
#2 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • San Diego, CA
Replied

Cardone is one of the biggest scammers in real estate. His funds have performed horribly. I strongly recommend you do not do this deal. (not investment advice!)