Grant Cardone and his investment firm Cardone Capital have come under serious scrutiny this year following revelations about his business model that may lead to losses in Cardone’s real estate “empire” and leaving investors with substantial losses.
Cardone Capital, launched in 2017, markets its business model as follows: first, Cardone Capital finds real estate opportunities and negotiates and closes their purchase and financing, second, investors become partners in the real estate projects, third, the properties generate rent, and fourth, the Cardone funds pay cash distributions to investors (see the “How it works?” section of Cardone Capital’s website). Cardone Capital’s website boasts a portfolio of multi-tenant properties across the United States. Continue reading ›