Grant Cardone Scam: Introduction
In this review, you’ll learn about Grant Cardone to see if he really is the best Real Estate and business coach out there.
You will also see if real estate is the right business model for you.
His courses are one of many making money online programs that is centered around selling information that makes you money by renting out houses.
But hey, if you wanna jump into an EXPENSIVE market right before it crashes… that’s up to you.
So, don’t freak out if you lose THOUSANDS, and your parents give you a hard time about it.
It’s supposed to show you how to become a 6-figure real estate mogul… but it’s truly out of reach for most people like you, constrained by budgets and student loans.
That’s just the truth… you won’t get rich by purchasing one property that only profits a couple hundred a month with loads of liabilities and bad tenants.
But I want to be totally up front here, so…
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Flipping
- Wholesaling
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Grant Cardone review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- Mortgages
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
Discover Our #1 Way To Build Passive Income!
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Grant Cardone, keep reading…
Who Is Grant Cardone?
Grant Cardone, 64, is a self-made millionaire and one of America’s greatest sales coaches. He is the CEO of Cardone Capital and has closed real estate transactions totaling $350 million. You frequently see him in front of jet planes, driving luxurious cars, and surrounded by stunning women.
You’ll find images of him strewn about the internet.
His family was from Louisiana, and his mother raised him following the death of his father. He grew up alongside his twin brother Gary Cardone and three other siblings and learned early that money was earned through hard work.
He now resides in Miami with his family and actress wife, Elena, his 11-year-old daughter Sabrina, and his 9-year-old daughter Scarlett.
He made his money by growing a successful sales coaching business that he began at 29.
This business model has aided thousands of individuals and businesses of all sizes to streamline their sales processes and increase revenue.
As a professional sales trainer, he built a real estate empire and authored over six books and several courses, which earned him a fortune.
Grant has an enviable track record of success.
However, this was not always the case. His life was not always so opulent.
Grant’s history included substance abuse and failure. You can frequently hear him discuss this from his college days, filled with drugs and failure, but he eventually found his way to success.
“Cash flow is King,” is one of Grant Cardone’s favorite quotes.
He frequently asserts that college is a scam that most industry experts will oppose, that it is unnecessary and that it will bury you in debt.
Almost everyone would concur with him. The majority of people are conditioned to perform tasks in a particular order…
- Highschool Graduation
- Attend college
- Obtain employment
- Marry
- Have children
You can now achieve success without attending college.
You could repeat this to yourself twenty times per day, because it is true!
Author & Speaker
- The 10X Rule
- The 10X Rule Quotes
- Sell or Be Sold
- The Closer’s Survival Guide
- Sell to Survive
- Real Estate Investing Made Simple
- Be Obsessed or Be Average
- If You’re Not First, You’re Last
- The Millionaire Booklet
These books, as well as MP3s and apparel, are available on Amazon and his website.
Is Grant Cardone A Scam?
Grant Cardone is not a scam. He is an investor in real estate, a speaker, an author, and the founder and CEO of Cardone Enterprises.
He demonstrates how businesses can optimize their sales processes, avoid losses, and grow their bottom line. Moreover, he established Cardone University, Cardone Capital, and the Grant Cardone TV Network.
Also, You can make money with his programs, but it’s definitely not as easy as He makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Learn More About Digital Real Estate!
Can Cardone Capital Make You Money?
Cardone Capital has a sizable real estate portfolio.
It’s a straightforward crowdfunding business model that raises money from accredited and non-accredited investors for real estate investment opportunities.
And with a minimum investment of $5,000 for unaccredited investors and $100,000 for accredited investors, you’ve got yourself a great long-term investment plan.
Essentially, you become a partner in their real estate ventures and receive a portion of the rental payments and income.
In essence, you agree and become partners in income-producing properties.
That is fantastic!
They get you thinking that your investments will double or triple.
However, given the firm’s aggressive fee structure, this does not appear likely.
You will learn more about this later.
Oh, and Cardone Capital is currently the subject of a class-action lawsuit.
The suit alleges that they disregarded the SEC lawyer’s warnings and misled his investors.
What Are The Benefits Of Cardone Capital?
One of the primary benefits of investing in Cardone Capital is that you are purchasing pre-vetted properties.
You gain access to real estate investment opportunities that you would not have had otherwise. As a result, you’ll be able to begin receiving money each month as Cardone Capital collects rent through monthly cash distributions.
Additionally, because it is a real estate investment, you can deduct depreciation from your taxes.
What Are The Down Sides?
Cardone Capital is a relatively new company, having launched in 2017, so there is little information available about them, and they will not share financial information.
One of the most significant disadvantages is the fee structure. It’s aggressive and appears to be more in favor of Grant Cardone taking 35% of everything with a nearly 3% management fee.
Additionally, some unmentioned fees include a 1% annual fee and a 1% acquisition fee.
Cardone Capital And Their Class Action Lawsuit
He was accused of defrauding investors by promising them at least a 15% annual return that never materialized.
Cardone Capital was also charged with violating federal securities laws in a Los Angeles federal court lawsuit. They allegedly made false and misleading statements while omitting material facts about a $100 million deal.
As it turned out, the judge found that Plaintiff had failed to establish that Cardone lied to anyone and dismissed the case.
What Is Cardone University?
Grant Cardone University is without a doubt one of the best sales training courses available.
Grant lays out everything you need to do to grow your business in detail.
And it costs just $97 per month. That is a good deal, as there is a lot of value in this!
However, if you’re like the majority of people, putting it all together isn’t as straightforward.
Thus, you continue to seek additional knowledge in the hope of eventually figuring it all out.
And pay for an additional month to attend another class, watch different videos, seek additional advice, and stalk his social media accounts and YouTube videos.
I’m hoping that this guy can assist you in becoming your own boss and earning a boatload of money.
However, you never get started.
All things he says make perfect sense, and he makes it appear so easy, doesn’t he?
Then why is it so difficult? And the word “scam” immediately comes to mind.
There is a legitimate reason for this!
You were sold a dream – promises that aren’t necessarily false but are simply unattainable for most people.
However, this is not always a scam. After all, he is providing you with helpful information that you can use to increase your revenue, correct?
He painted a picture of the kind of life you could have by enrolling in his courses, watching his YouTube videos, and purchasing his books.
His business model is to offer you a fantasy, a fantasy that the majority of people desire.
All you need is to purchase his program.
Genius!
However, this does not constitute a scam.
Scams are considered dishonest.
It is a fact that anyone can earn money online.
And he’s providing you with the means to do so, despite the fact that he’s painting an image that isn’t entirely attainable.
You enroll in these classes and are then left to your own devices to decipher the information you just read.
What Separates Grant Cardone From Tai Lopez And Dan Lok
At first look, they all appear to be quite similar.
They are selling knowledge for you to one day become the CEO of your own business, maximize your profits, minimize your losses, and live your life in the manner in which you desire to be free.
Thus, they are attempting to sell you some knowledge that will enable you to begin earning money online or offline.
They provide you with something valuable.
Regrettably, their business model is based on selling you information, not necessarily on making money.
You are receiving something in exchange for your money, but this does not always imply that there will be cash flow.
The primary distinction is that Grant advocates for working diligently to obtain the things you desire.
Also, Grant is a friend of Russell Brunson, who shares Grant’s belief in working hard to build something you can be proud of without attending college. Grant even sells his books using Brunson’s funnel techniques.
There’s Money In Real Estate
That is true! Real estate business is a lucrative industry. Everyone is aware that there is money involved. This is one of the reasons why Cardone Capital is so appealing.
You have the capability of doing nothing more than investing money and earning money.
After all, if you attempted this on your own, you would require funding.
That is, you are financing the purchase of a home. If your credit score is low, you will pay a high interest rate.
You may very well be obligated to repay this loan until the home is sold.
It’s a risky business if you don’t have investor backing or a large sum of money to risk.
This is another reason why investing in Cardone Capital appears to be a good deal. You only require a small amount of capital to invest in a market that you are confident will generate high returns.
However, you have no say in purchasing the home, its sale, or how much of the proceeds you will receive.
Ensure that you thoroughly examine the fee structure. 35% + 3% + 1% + 1% = not much on your return.
This information will not be readily available on their website.
However, you receive monthly cash distributions, indicating that it must be a good deal.
The Bottom Line: Grant Cardone Review – Conclusion
While Grant has a lengthy history of alleged scams and controversy, none are credible.
Therefore, should you avoid Cardone Capital, 10x Rule, and Cardone University?
The facts are straightforward… Individuals must work to earn money. They must be taken by the hand and demonstrated how to do it.
Many people are seduced by the fantasy of becoming CEO without having to work for it. They live a life in which they have the freedom to do whatever they please, whenever they please.
They don’t want to work more than a few hours per week and spend time with their family in Miami.
Simply read the comments to the post and videos. People aspire to live their way!
After all, why would you want to?
But, if something looks to be too good to be true, it almost always is.
He is living the life you desire!
You’ll incur debt attempting to achieve this type of life by purchasing one program after another and investing in anything that might assist you in accomplishing your goal based on a dream.
Everyone has friends who will try any program out there, putting themselves into debt in the process.
That is not to say that you cannot profit alongside Grant Cardone and his fellow investors.
However, how much money are you earning, and how much money are you losing?
As with any investment opportunity, no guarantees can be made. And, given that this is a long-term investment with a company that will not disclose its financial information, you cannot anticipate becoming debt-free anytime soon.
Now, the same holds true for subscribing to Cardone University on a monthly basis or attending his 10x growth conference and events.
Will you have the same capital and cash flow and as he does due to attending his class or conferences?
Most likely not.
However, is this even possible? True, anything is possible.
Are you serious about investing $5,000 in properties you’ll never see?
Do you want to take out high-interest loans in the hope that you’re getting a good deal?
Almost universally, the answer to both of those questions would be “No.”
To be clear, you do not need to attend college to be the CEO of your own business, build a successful website, write your book, or even be president.
All you require is a realistic plan. You can write your own story!
Are There Alternatives To Real Estate?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is The #1 Way For Making Money Online In 2023?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like [insert program name] which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.
