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An investment in Cardone Fund VI?
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
- Accountant
- San Diego, CA
- 537
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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!)