Grant Cardone is a billionaire entrepreneur and internet personality famous for his over-the-top sales pitches, wild ideas, and powerful personality which have attracted both a loyal following and plenty of criticism. He is also known for his expensive live sales training events where high-profile business personalities and celebrities have attended and for a high-profile defamation lawsuit. Grant was named one of the wealthiest real estate investors by the NASDAQ.
Grant Cardone has an overall positive review from students with a 4.0 rating on Trustpilot. He has received positive reviews from attendees of his yearly 10X Growth Conference. Grant has gained great renown working with Fortune 500 companies such as Google, Sprint, Aflac, Toyota, GM, Ford, and more. He is also known for being associated with media brands like Forbes and personal high-profile individuals, such as Donald Trump, Tom Brady, and Floyd Mayweather. Grant has also been involved in fraud allegations, a defamation lawsuit, and a class lawsuit.
So what does Grant Cardone teach and why is he so famous? In this Grant Cardone review, you will learn all about Grant Cardone, his net worth, Cardone Capital, Cardone University, his business programs, 10X Growth Conference, 10X Deal Finder, and his real estate mentorship and club.
Grant Cardone Review: Pros and Cons
Pros
Cardone Capital has higher ROI than most REITs. You also benefit from tax breaks.
Cardone Capital accepts uncredited investors.
Excellent mentorship. Grant often goes overtime just to answer more questions and give more advice.
Cons
Pushy sales team. Be prepared to be bombarded with constant upsells and follow-ups.
There is a lot of fluff in the content of Grant's courses.
Grant gives a lot of unorthodox strategies and advice that can prove very risky.
What Does Grant Cardone Teach?
Grant Cardone teaches sales scaling strategies and real estate investment. He teaches sales to beginners, small business, and multi-million companies, and real estate investment to both credited and non-accredited investors. He created 21 best-selling business training programs and founded Cardone University to teach all types of entrepreneurs and investors. Grant is infamous for teaching unorthodox strategies such as do not invest in liquid investments, do not do small investments like single-family homes, and do not diversify your investment portfolio.
Who Is Grant Cardone?
Grant Cardone is a world renowned speaker, private funds equity manager, internet sales coach, real estate investor and mentor from Miami, Florida. He is the creator and CEO of Grant Cardone Enterprises and Carone Capital. Grant owns over 6,000 multifamily units personally and manages over 12,000 other properties through Cardone Capital. He is a New York Times best-selling author and has written several best-selling books. Grant is featured in Discovery Channel’s Undercover Billionaire and The Rhonda Swan Show, and has a huge following online with 2.51M subscribers on YouTube. He is featured in publications like Forbes and the New York Times, and was interviewed by other real estate mentors like Pace Morby and Ryan Pineda.
Born in 1958 in Lake Charles, Louisiana, Grant was a drug addict from 15 to 25 years old. He even got pistol whipped at 23 by a drug dealer and has scars on his face because of stitches. 2 years after that incident, he finally got sober. Grant started his sales career as a car salesman before he started selling sales training to other car salespersons. He also earned an accounting degree from McNeese State University, Louisiana. Grant started investing in real estate in the early 90s and in multi-family homes in the mid-1990s. He started teaching sales in 1989 and real estate in 2000.
Personal Life
Grant married Spanish actress and entrepreneur Elena Lyons in 2004 and had 2 daughters, Sabrina and Scarlett. He has a twin brother, Gary Cardone, who does business in the energy industry, financial services, real estate, and web 3.0 technology. Grant has also landed his first acting role alongside A-list celebrities in the 2022 movie Savage Salvation. Grant is a dedicated Scientologist and says he owes 90% of his success to Scientology. He does not actively recruit people to Scientology but is active in the church.
Class Action Lawsuit Against Grant Cardone
A class lawsuit was filed against Grant Cardone in 2019 by Luis Pino, who invested $5,000 into Cardone Capital. The lawsuit asserted that Grant used false advertising by giving exaggerated investor returns and for failure to disclose the fees Cardone Capital collected. This case was dismissed in 2021 but reopened after Luis’ death and taken over by his daughter, Christine Pino. The case was dismissed with prejudice in 2023.
$1 Million Lawsuit Against John Legere
Grant Cardone filed a $100 million defamation lawsuit against the former CEO of T-Mobile John Legere. John slammed Cardone for being a con artist in the social audio app Clubhouse during a heated conversation between the two. Legere also attacked Grant on social media on subjects such as his background, religion, height, business practices, live events, and reputation. Cardone and Legere initially were on good terms, with Grant asking Legere several times if he could work on T-Mobile’s sales. Their relationship slowly deteriorated until a seemingly drunk Legere slammed Grant on the podcast. The lawsuit is currently ongoing.
Fraud Allegations by Aaron Smith-Levin
Grant Cardone was accused of fraud by financial researcher Aaron Smith-Levin. Aaron is known for working with billionaire Bill Ackman in his battle against Herbalife. In his YouTube channel, Growing Up In Scientology, He posted videos that claimed Grant Cardone stole over $100 million from Cardone Capital Investors. Aaron is a former Scientologist who is active in investigations and protests against the church and their members. In January 2024, he was assaulted by an alleged scientologist member during a livestream and arrested by the LAPD before being released a few hours later without charges. Aaron is still currently investigating more into Grant Cardone’s alleged fraudulent business practices.
10 Rules To Get Your Money Right by Grant Cardone
What's not mentioned in the video: Grant makes it sound so easy, but in reality, investing in a new business doesn't guarantee financial success. Only 80% of startups survive their first year. This number decreases to 50% by the 5th year.
What Is Grant Cardone’s Net Worth?
According to NASDAQ, Grant Cardone’s individual net worth is about $600 million. His real estate investment firm manages over $4 billion worth of real estate. Grant’s income comes from his personal real estate properties, real estate syndication and management company, course and program sales, and mentorship.
What Is Cardone Capital?
Cardone Capital is a real estate acquisition and management company that allows non-accredited investors access to institutional-grade real estate deals through syndication. Founded in 2016, Cardone Capital has raised $1.1 billion across 22 funds from over 13,000 accredited and non-accredited investors and invested it into 12,466 residential units and over 500,000 square feet of commercial office space, with a total value of $4.3 billion. Cardone Capital is registered with the SEC as a Regulation A offering.
How Do You Make Money With Cardone Capital?
You make money with Cardone Capital by investing in any of their available syndication deals. How much money you make depends on several factors, including the cash-on-cash return, the internal rate of return (IRR), the equity multiple, how long before the exit, and how much capital you invested. Cardone Capital targets a 12%-15% return with their syndication investments.
How Much Can You Make With Cardone Capital?
Let’s say you invested $10,000 with Cardone Capital and for a property they hold for 10 years with a cash-on-cash return of 6%, an internal rate of return (IRR) of 15%, and an equity multiple of 2.5x. With the cash-on-cash return, you’ll earn $600 per year. The IRR would be more complicated to calculate as it considers the net present value of all cash flows. Assuming everything is stable, the future value of your investment is $40,455.58. The equity multiple means your total estimated profit in 10 years can amount to $25,000. How much net income you make is the sum of the cash-on-cash return and the IRR. In our example, you might earn $46,455.58 in 10 years from investing $10,000 with Cardone Capital. Of course, this is very unlikely as the rates won't stay consistent.
A real estate investor and YouTuber named Tyler Wehrung invested $5,000 into Cardone Capital and earned $801.10 in 4 years. The metrics also showed that the investment was not hitting the target goals. This is a good example of what to expect when investing in Cardone Capital.
How Does Cardone Capital Make Money?
Cardone Capital makes money by charging fees for brokering the deal and managing the property. There are 3 ways Cardone Capital earns from the syndication investments.
Cardone Capital Reviews
Cardone Capital has a 4.9/5 rating on Google with over 2,900 reviews. A large percentage of people who have invested with Cardone Capital have made profits. Positive reviews are from clients who are satisfied with the returns they receive from their investments. The few complaints from investors have been the lack of detailed information on the earnings, low returns, false advertising, and poor customer service.
Devon, who has been a client of Grant for over 2 years, expresses his happiness that his investment has yielded 4X returns. Another investor, Jayden Rose, explains that the tax benefits alone benefited his returns.
Jeff Perkins increased his rating of Cardone Capital to 4 stars after good experience with customer service. In his long review, he confirms that Cardone Capital gives high returns compared with other REITs. He also mentioned that their customer service and estimation of figures could be better.
Valentin Badea complained about the false advertising regarding the ROI based on his experience of investing with Cardone Capital. Grant advertises a 12%-15% return on Cardone Capital investments.
Lauren Hardy was a tenant in one property managed by Cardone Capital and complained about the quality of the apartment complex. Her complaints reported roach and spider infestations, multiple maintenance issues, mold infestation after the apartment flooded, and lack of security cameras. These kinds of tenant issue could lead to higher vacancy rates and depreciation of the property value.
What Is Cardone University?
Cardone University is a sales training platform where you can access over 800 video courses created by Grant Cardone. The lessons cover subjects like the fundamentals of sales, understanding psychology, mastering the close, cold calling, and more. You can sign up as an individual looking to increase your sales skills or as a team/business who wants to train as a company. The basic membership to Cardone University costs $97 a month and has a 14-day free trial. Cardone University is tax deductible, which allows you to deduct the course price from your taxes. Cardone University has almost 400,000 active users.
What Do You Get With Cardone University?
What Is 10X Kids University?
10X Kids University is an upcoming platform that offers the same content as Cardone University in a “kidified” version. The goal of this platform is to educate kids early on the topics of financial responsibility, sales and marketing, leadership, real estate investing, and more. Currently, the platform is holding casting for kids who will “kidify” the lessons.
Cardone University Reviews
Cardone University reviews are mixed. Students who have a positive experience with Cardone University praise the wealth of information and the wide range of topics that you get access to. However, complaints also point out that there is simply too much information, of which only a small percent is of actual value.
This student explained how much he learned from Cardone University and how it helped him become a better salesperson. He acknowledges that Grant’s sales style and teaching method is not for everyone.
In contrast, this 1 star review on Trustpilot complained about the pay wall barrier within the courses. He says that the contents of the courses are designed to lead you to the upsells.
What Are Grant Cardone’s Business Programs?
Grant Cardone’s Business Programs are 21 individual courses in sales and real estate. The sales programs teach you to become an expert salesperson, which you also use to grow any type of business. The real estate program teaches you the A-Zs of real estate investment and how to scale fast while minimizing costly mistakes. Some sales programs are accessible for 12-months only and there are no refunds offered for any purchases.
What Is the 10X Growth Conference?
10X Growth Conference is a yearly live 3-day event where Grant Cardone and over 100 other world-class speakers talk about the best sales, marketing, and business scaling strategies. Tickets cost as low as $2,000 to as high as $35,000. Previous attendees included high-profile celebrities like Tom Brady, John Travolta, Kevin Hart, and Donald Trump.
What Is 10X Deal Finder?
The 10X Deal Finder is Grant Cardone’s proprietary real estate tool that gives you access to over 27 million off-market commercial properties. The advanced search tool allows you to access all deeds, mortgage, and legal information on any property. You can filter search by property types, number of units/stories, and search by owner. 10X Deal Finder has a built-in “Automated Valuation Modeling” to get accurate property values for buying and selling. It features a Dynamic List Stacking, which layers multiple real estate lead types to create endless custom “Superlists.” 10X Deal Finder also comes with marketing tools that include skip tracing and direct mail. The 10X Deal Finder costs $97 a month with a one-time setup fee of $997, or $1,500 a year with no setup fee.
What Is Grant Cardone’s Real Estate Mentorship Program?
Grant Cardone’s Real Estate Mentoring Program is a 12-month coaching package that provides all the tools you’ll need to master at real estate investment. The program was created in January 2024 after multiple requests from the community for a mentorship program with Grant. Being part of the program qualifies you for the real estate professional status recognized by the IRS, which would give you significant tax advantages. Grant Cardone’s Real Estate Mentoring Program costs $4,997, or 3 monthly payments of $997 with a $2,500 down payment. If you could not invest in a deal within your 12 months membership, you get another year for free.
What Do You Get With Grant Cardone’s Real Estate Mentorship Program?
What Is Grant Cardone’s Real Estate Investors Club?
Grant Cardone’s Real Estate Club is the exclusive group for experienced investors. Members get the best mentorship and networking access to help them scale their real estate investments and fast track into becoming a millionaire. Beginners are advised to join the mentorship program and make deals before joining the real estate club. Grant Cardone’s Real Estate Club costs $25,000 per year or 6 monthly payments of $5,000.
What Do You Get With Grant Cardone’s Real Estate Mentorship Program?
Conclusion - Are Grant Cardone’s Programs Worth It?
Cardone University is worth it if you are looking for an extensive library that tackles hundreds of topics on sales. If you are looking for specific sales training that focuses on a strategy, you’re better with other, more specialized courses and mentorship. Investing in Cardone Capital is worth it if you have a large capital to invest in a long-term and safe investment. Cardone capital has one of the highest return rates compared with other REITs. However, investing in Cardone Capital is illiquid, meaning that you cannot take out the money you invested until they exit the investment, which can happen around 5-10 years. You need tens of thousands to make any real money with REITs. This is why Grant only recommends investing in large multi-million dollar properties. If you do not have the large capital to feel a difference in investing in REITs, consider looking for alternative investments that offer quicker and bigger returns.
Is Investing in Real Estate Investment Trust (REIT) Worth It?
Investing in a REIT is always worth it as it provides a recession proof investment that gives better returns than keeping money in banks. The average annualized 10-year return was 5.46%. This means a $10,000 investment would total $17,016.79 after 10 years, assuming the annual return rate was consistent at 5.46%. That said, it's only really worth it if you have a large capital to invest long-term.
Create High-Return Passive Income With Local Lead Generation
Local lead generation is a low-cost business model that creates passive income quicker and with higher returns compared to investing in REITs. You can start with as low as $500 in initial investment and earn up to $2,000 a month in stable income in just a few weeks to a couple of months. You do not have to hire a property manager and it costs as little as $30 a month to maintain while you keep all of the profits.
As a type of digital real estate, you create and rank a site on Google, then rent it out to local businesses. As there is no physical property, you do not have to worry about maintenance, insurance, occupancy rates, tenants, and other problems that come with real estate investment. Scaling a local lead generation is as simple as repeating the rank and rent process. There is no limit to how much you can scale with each site earning you $500 to $2,000 a month in predictable income. This makes local lead generation the best sustainable low-cost and low-risk business model to create time and financial freedom.
