Follow up: Twitter spaces with Grant Cardone gone BAD!!!

Follow up: Twitter spaces with Grant Cardone gone BAD!!!

Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 664 votes

I don't ever talk bad about anybody but this was just a rather ugly experience I had. As most of you know, Grant Cardone is a mega real estate guru. He hosted a few twitter spaces the last couple nights to offer his input on other peoples lives and about their questions regarding REI. So, as someone just getting started (less than 2 years experience) - I'm excited, I'm ambitious, and I want to ask questions.

So I get called on finally after waiting for almost two hours between the two nights, we talk a little about his event he's trying to sell in Miami, I connect with him on that level - like, oh ya! I love Miami, lived there for years... blah blah just small talk. So I pose my question to him in front of maybe 500-600 people live on twitter spaces. Here it is:

"Grant, as someone who is just eager to get started in REI on my own, but I don't have a lot of capital what would you suggest? It sucks for me right now because as a Mortgage Loan Officer I wake up ever day and I help others pursue their REI missions - but none are my own. Don't get me wrong, I love my job - but 100% commission in an industry that's slow these days has me just getting by financially and I want to get started NOW. My girlfriend is in law school and our goal is to start REI by house hacking once she graduates and we have two streams of income (one more reliable of course)" - That was basically the gist of my question and remarks.

His answer... "Find a driver, if you don't have capital find someone who does and get in the car with them" I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.) 

He asks me "How much do you make a month?" 

Me - " Well, the last two months have been great, about 5 loans a month and maybe 10K before taxes" But prior to that I have be getting by with maybe 1/2 closing a month if that?"

GC - "Well keep grinding and save to start" (this is obvious, but not insightful)

Anyway, while his answers and feedback were unclear and provided little to no use for me, I was removed from being a speaker and immediately he said LIVE in front of this crowd "That kid is a bullsh***er, a bullsh***er, bullsh***er . He's got his head wrapped around a punanni and he's just such a bullsh***er. I don't believe anything he says."


First off, what did I say? I was appalled.  Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who promises he can change your life, my success stories will make you rich, my methods work guaranteed salesman just ripped into me for a reason I really have no idea why. It hurt for a second, I won't lie but I guess I'm writing about this because I felt the need to share the story with a community full of other investors on the feedback and utter disrespect on my personal experience from a billionaire RE investor talking down to someone whos at the bottom.

Moral for me and the take away is I still never let anyone affect my direction or course of action. And, I really don't care at all but as someone who carries knowledge and has that much monumental success that bashes another individual to get a few laughs on his twitter space is childish and embarrassing. I have my REI plan and although I want to take action right now, its tough with little to no capital. That's all I wanted to talk about. Either way, I continue to work with my investor clients, LLCs, and syndications on finding the best financing possible for their next transaction because I love to. I'm just super eager to start my own now!

Nothing more folks, thanks for reading my rant!



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Investor · Houston, TX · Member since 2021 · 56 posts · 22 votes
3y

Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.

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  • Investor · Houston, TX · Member since 2021 · 56 posts · 22 votes
    3y

    Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

    Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.

  • Specialist · Los Angeles, CA · Member since 2020 · 91 posts · 53 votes
    3y

    Although i'm sure he has some good info, something about GC has never made me want to get into his ecosystem. Especially after seeing clips of his interview with Jordan Belfort. 

    I think what GC was getting at with the whole "driver" thing is to essentially find a mentor. Find someone that's currently doing the REI stuff you want to do and help them do it by adding your own insight and/or skillset. That way you'll learn more detailed info in the process of working with them. The other way of looking at it is for you to become very knowledgeable in the operations and how to do things. "Prove" to others that you know what makes a good deal vs a bad deal and that you know how to take a REI project from A-Z. Then you just find the financial partner to help you carryout that process. Easier said than done, but that's the idea.

    There's GC's other idea of saving up for the deal too. Creating a good sized money pot to use for a downpayment on a property using an FHA loan. You could also go through forms of creative financing to get your first deal.

    One of the things I'm currently working on is to get into property management. My end goal is to have a good sized rental property portfolio. Managing the properties, at least for the first couple of deals, will be extremely important. Getting into property management will give me the important experience I need, connect me with many real estate professions, and give me salary to provide financial stability as I make REI risks. Always fun. Haha

  • Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Devin Peterson:

    I don't ever talk bad about anybody but this was just a rather ugly experience I had. As most of you know, Grant Cardone is a mega real estate guru. He hosted a few twitter spaces the last couple nights to offer his input on other peoples lives and about their questions regarding REI. So, as someone just getting started (less than 2 years experience) - I'm excited, I'm ambitious, and I want to ask questions.

    So I get called on finally after waiting for almost two hours between the two nights, we talk a little about his event he's trying to sell in Miami, I connect with him on that level - like, oh ya! I love Miami, lived there for years... blah blah just small talk. So I pose my question to him in front of maybe 500-600 people live on twitter spaces. Here it is:

    "Grant, as someone who is just eager to get started in REI on my own, but I don't have a lot of capital what would you suggest? It sucks for me right now because as a Mortgage Loan Officer I wake up ever day and I help others pursue their REI missions - but none are my own. Don't get me wrong, I love my job - but 100% commission in an industry that's slow these days has me just getting by financially and I want to get started NOW. My girlfriend is in law school and our goal is to start REI by house hacking once she graduates and we have two streams of income (one more reliable of course)" - That was basically the gist of my question and remarks.

    His answer... "Find a driver, if you don't have capital find someone who does and get in the car with them" I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.) 

    He asks me "How much do you make a month?" 

    Me - " Well, the last two months have been great, about 5 loans a month and maybe 10K before taxes" But prior to that I have be getting by with maybe 1/2 closing a month if that?"

    GC - "Well keep grinding and save to start" (this is obvious, but not insightful)

    Anyway, while his answers and feedback were unclear and provided little to no use for me, I was removed from being a speaker and immediately he said LIVE in front of this crowd "That kid is a bullsh***er, a bullsh***er, bullsh***er . He's got his head wrapped around a punanni and he's just such a bullsh***er. I don't believe anything he says."


    First off, what did I say? I was appalled.  Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who promises he can change your life, my success stories will make you rich, my methods work guaranteed salesman just ripped into me for a reason I really have no idea why. It hurt for a second, I won't lie but I guess I'm writing about this because I felt the need to share the story with a community full of other investors on the feedback and utter disrespect on my personal experience from a billionaire RE investor talking down to someone whos at the bottom.

    Moral for me and the take away is I still never let anyone affect my direction or course of action. And, I really don't care at all but as someone who carries knowledge and has that much monumental success that bashes another individual to get a few laughs on his twitter space is childish and embarrassing. I have my REI plan and although I want to take action right now, its tough with little to no capital. That's all I wanted to talk about. Either way, I continue to work with my investor clients, LLCs, and syndications on finding the best financing possible for their next transaction because I love to. I'm just super eager to start my own now!

    Nothing more folks, thanks for reading my rant!



    Here is my suggestion, put this bad experience behind you. What you need to do (exactly how I started)i is connect with someone doing deals. They will show you how to find them, you will be paid a fee for each you find.  Walk through the Propeties with them, learn, save then apply what you learn,

    I wish you luck  

  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    3y
    Quote from @Devin Peterson:

    His answer... " if you don't have capital find someone who does and get in the car with them" 

    I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.) 

    GC - "Well keep grinding and save to start" (this is obvious, but not insightful)

    I have my REI plan and although I want to take action right now, its tough with little to no capital.

    You asked he answered.

    "Well keep grinding and save to start" then if you don't have a lot of money (but have a respectable amount after saving) "find someone who does and get in the car with them".

    There is no secret key to this..either do number one, or do number one plus number two.

    ============

    And Re:

    First off, what did I say? I was appalled. Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who (((promises))):

    [1]  (((he))) can change your life, 

    [2]  (((my))) success (((stories))) will make you rich, 

    [3]  (((my))) methods work guaranteed.

    --------------------
    Does he really say this? [OR] is this what you think he is saying?

    Let's look at this strategically--(he) can never change your life only (YOU) can change your life.

    And some Football Locker Room style Motivation to explain it further:  https://www.youtube.com/watch?v=7Oxz060iedY

    =======================

    So get a 2nd job, or a temp job and save the money 100%.

    Or sell more loans--are you the number one loan seller in your company? Someone is, be that person.

    ======================

    https://www.youtube.com/watch?v=HveMAHf2UBg

    Good Luck!

  • Crystal SmithPro Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
    3y
    Quote from @Devin Peterson:

    I don't ever talk bad about anybody but this was just a rather ugly experience I had. As most of you know, Grant Cardone is a mega real estate guru. He hosted a few twitter spaces the last couple nights to offer his input on other peoples lives and about their questions regarding REI. So, as someone just getting started (less than 2 years experience) - I'm excited, I'm ambitious, and I want to ask questions.

    So I get called on finally after waiting for almost two hours between the two nights, we talk a little about his event he's trying to sell in Miami, I connect with him on that level - like, oh ya! I love Miami, lived there for years... blah blah just small talk. So I pose my question to him in front of maybe 500-600 people live on twitter spaces. Here it is:

    "Grant, as someone who is just eager to get started in REI on my own, but I don't have a lot of capital what would you suggest? It sucks for me right now because as a Mortgage Loan Officer I wake up ever day and I help others pursue their REI missions - but none are my own. Don't get me wrong, I love my job - but 100% commission in an industry that's slow these days has me just getting by financially and I want to get started NOW. My girlfriend is in law school and our goal is to start REI by house hacking once she graduates and we have two streams of income (one more reliable of course)" - That was basically the gist of my question and remarks.

    His answer... "Find a driver, if you don't have capital find someone who does and get in the car with them" I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.) 

    He asks me "How much do you make a month?" 

    Me - " Well, the last two months have been great, about 5 loans a month and maybe 10K before taxes" But prior to that I have be getting by with maybe 1/2 closing a month if that?"

    GC - "Well keep grinding and save to start" (this is obvious, but not insightful)

    Anyway, while his answers and feedback were unclear and provided little to no use for me, I was removed from being a speaker and immediately he said LIVE in front of this crowd "That kid is a bullsh***er, a bullsh***er, bullsh***er . He's got his head wrapped around a punanni and he's just such a bullsh***er. I don't believe anything he says."


    First off, what did I say? I was appalled.  Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who promises he can change your life, my success stories will make you rich, my methods work guaranteed salesman just ripped into me for a reason I really have no idea why. It hurt for a second, I won't lie but I guess I'm writing about this because I felt the need to share the story with a community full of other investors on the feedback and utter disrespect on my personal experience from a billionaire RE investor talking down to someone whos at the bottom.

    Moral for me and the take away is I still never let anyone affect my direction or course of action. And, I really don't care at all but as someone who carries knowledge and has that much monumental success that bashes another individual to get a few laughs on his twitter space is childish and embarrassing. I have my REI plan and although I want to take action right now, its tough with little to no capital. That's all I wanted to talk about. Either way, I continue to work with my investor clients, LLCs, and syndications on finding the best financing possible for their next transaction because I love to. I'm just super eager to start my own now!

    Nothing more folks, thanks for reading my rant!





    Devin:  Thanks for your rant. Believe it or not he did give you a piece of advice when he sarcastically said "Find a Driver".  And you may have some drivers, your clients.  Consider partnering with one or more of your clients on a deal. 
  • I​nvestor & Agent · Tulsa, OK · Member since 2016 · 1k+ posts · 1k+ votes
    3y

    Hey, sorry this happened.  GC is a chew the meat, spit the bone sort of dude.  98% of his crap is bone but he does have good takeaways.

  • Specialist · Strongsville, OH · Member since 2016 · 303 posts · 217 votes
    3y

    Find the local REIA's, join, and don't miss a meeting. This is where you'll find a mentor (be careful), financing (doubly careful), and get the boots on the ground advice you are seeking.

  • Real Estate Agent · St Petersburg, FL · Member since 2019 · 320 posts · 182 votes
    3y

    The experience didn't go as planned, but one key thing that stood out in your post is that you realized that you do bring something to table.

    Focus on your energy on what you do bring to the table and use that as your competitive advantage to grow.

  • Commercial Real Estate Broker · Saint Paul, MN · Member since 2010 · 11 posts · 8 votes
    3y

    His advice sounds solid to me. His critique of you...unnecessary. Maybe he was trying to say you are ********ting yourself. Who knows. Anyway, pat yourself on the back for getting live with Grant Cardone and having the balls to ask the questions. Keep it up, you'll get where you want to go.

  • Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 726 votes
    3y
    Quote from @Jose Antonio Flores:

    Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

    Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.


     Truth. He is a promoter just like Zirrus and Nudge. 

  • REALTOR, Investor, and Rehab Expert · Miami Beach, FL · Member since 2015 · 196 posts · 74 votes
    3y

    @Devin Peterson I follow grant very closely and have been to bootcamps and growth cons. I've gone through his sales universities and still pay $500 for cardone U for my team. It is valuable. I've heard his RE content and can tell you the man is where he is at because he has been investing his whole life. I have not invested in cardone capital and doubt i will as i find, broker, and acquire, and renovate my own deals and have investors. 

    My interpretation of yours and GC interaction: "PROVE THEM WRONG." Use any negative doubter or people how place hindrance as fuel to drive you forward. While something was off about the interaction because if you make $10k per month you should be able to finance something or just have some patience to build your client base and be able to bring in more per month. Persevere  - several of my friends who are lenders have 8+ units.

  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    3y

    On BP I’ve seen his name maybe two or three times.  Don’t know if he owns a Taco Stand or a place at Mar Largo with  a big C at the top or not.  

    I don’t know you but the situation you stated.  

    I like the guy.  Agree with him.

    Don’t have time to go into my background but I love an AH who gives me a hard NO.  

    So he burned you.  That’s worth a lot to the other 200 people.  

    You were a competitive golfer. Your next tee shot in REI is in 3 minutes after he answered you. What do you do?

    With your day job you're ahead of 90% of all new investors. Forget that guy. You need to ask yourself why you don't have your first REI.

    Now move forward. Whatever I say adapt it to your situation since I don’t know your Risk/Reward/Resources/Life.  

    In the next two months buy a trailer with the lot. I don't care about all of the no's. It will be your favorite investment of your entire REI life.

    You need to snowball “up” the hill.  

    Start small and Make Your Big Mistakes Early.  

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Jose Antonio Flores:

    Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

    Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.


    he has a nice jet though !
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Nate Marshall:
    Quote from @Jose Antonio Flores:

    Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

    Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.


     Truth. He is a promoter just like Zirrus and Nudge. 


    are you thinking Zurick ??  nudge I know of course.
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Devin Peterson:

    I don't ever talk bad about anybody but this was just a rather ugly experience I had. As most of you know, Grant Cardone is a mega real estate guru. He hosted a few twitter spaces the last couple nights to offer his input on other peoples lives and about their questions regarding REI. So, as someone just getting started (less than 2 years experience) - I'm excited, I'm ambitious, and I want to ask questions.

    So I get called on finally after waiting for almost two hours between the two nights, we talk a little about his event he's trying to sell in Miami, I connect with him on that level - like, oh ya! I love Miami, lived there for years... blah blah just small talk. So I pose my question to him in front of maybe 500-600 people live on twitter spaces. Here it is:

    "Grant, as someone who is just eager to get started in REI on my own, but I don't have a lot of capital what would you suggest? It sucks for me right now because as a Mortgage Loan Officer I wake up ever day and I help others pursue their REI missions - but none are my own. Don't get me wrong, I love my job - but 100% commission in an industry that's slow these days has me just getting by financially and I want to get started NOW. My girlfriend is in law school and our goal is to start REI by house hacking once she graduates and we have two streams of income (one more reliable of course)" - That was basically the gist of my question and remarks.

    His answer... "Find a driver, if you don't have capital find someone who does and get in the car with them" I thought to myself, okay? but I can essentially ask anyone with money if they want to invest but I would almost feel as if I don't bring anything to the table (as I'm writing this I realize I do.) 

    He asks me "How much do you make a month?" 

    Me - " Well, the last two months have been great, about 5 loans a month and maybe 10K before taxes" But prior to that I have be getting by with maybe 1/2 closing a month if that?"

    GC - "Well keep grinding and save to start" (this is obvious, but not insightful)

    Anyway, while his answers and feedback were unclear and provided little to no use for me, I was removed from being a speaker and immediately he said LIVE in front of this crowd "That kid is a bullsh***er, a bullsh***er, bullsh***er . He's got his head wrapped around a punanni and he's just such a bullsh***er. I don't believe anything he says."


    First off, what did I say? I was appalled.  Like utterly, and disgustingly appalled. An expert and massive RE investor who promotes himself to the world as someone who promises he can change your life, my success stories will make you rich, my methods work guaranteed salesman just ripped into me for a reason I really have no idea why. It hurt for a second, I won't lie but I guess I'm writing about this because I felt the need to share the story with a community full of other investors on the feedback and utter disrespect on my personal experience from a billionaire RE investor talking down to someone whos at the bottom.

    Moral for me and the take away is I still never let anyone affect my direction or course of action. And, I really don't care at all but as someone who carries knowledge and has that much monumental success that bashes another individual to get a few laughs on his twitter space is childish and embarrassing. I have my REI plan and although I want to take action right now, its tough with little to no capital. That's all I wanted to talk about. Either way, I continue to work with my investor clients, LLCs, and syndications on finding the best financing possible for their next transaction because I love to. I'm just super eager to start my own now!

    Nothing more folks, thanks for reading my rant!




    well when your in sales it is harder to get started unless they are paying you a W 2.. I just look back on my personal journey and i started at 18 selling real estate .  it was very tough being that young and green and commissions were 500 to 1000 maybe 2k per deal.. but then again a great hourly wage was 10 bucks in those days.. But it took me two years I saved 9k to buy a house in Milpitas to live in 80k home.. got a HML second ( which is how we did it in those days) and probably did not buy my first investment property for another few years..  takes some time. grow your capital grow your business if you can real estate is not going anywhere and what I learned is its a capital intensive business no getting around it.. so I think the point he was making is if you dont have your own capital and you want to start NOW then get a partner. 
  • Rental Property Investor · San Jose, CA · Member since 2023 · 31 posts · 18 votes
    3y
    Quote from @Jose Antonio Flores:

    Grant Cardone does not know what he is talking about. Mostly, he is where he is at because of the power of marketing. He does not have clue about Real Estate nor sales!

    Please watch the interview with Jordan Belfort in Youtube and would love to know your comments. You will be shocked when you this interview/podcast.




    I would not go so far as to say the man "does not know what he is talking about" because one does not become a billionaire by accident. However, I will say he may not have as much empathy for those just entering the real estate market considering he started out like you and I. Nevertheless, I cannot deny that Grant was unkind to Devin.



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