Today, we're likely to have a look at Cardone Capital. Could you generate income with this platform? Let's find out in this Cardone Capital review.
Real estate is regarded as being one of many most recommended assets to invest in. Whether it's an item of land title, a farm lot, especially a housing lot, it's already viable.
That's because no real matter what, the value of one's property investment is definitely expected to move up as time passes. While its appreciation timeframe is slow compared to others, you may be ensured that it is extremely stable, and rarely goes down.
Furthermore, there are plenty of ways in which one can earn a great deal of profit real estate. From buying a lot to add to their investment portfolio, to even “flipping” them.
Thus, it's no surprise that many people, particularly investors, find the real estate industry quite attractive.
Nevertheless, getting were only available in the real estate industry can pose quite difficult for many people. Just like any other investment method.
Cardone Capital , however, claims to be able to assist you with investing in property, even if you are low on funds.
What is Cardone Capital?
Cardone Capital offers property crowdfunding opportunities in multifamily residential properties for accredited and non-accredited investors. These investment properties are held by various investment funds. The funds for non-accredited and accredited investors are generally separate and the accredited funds tend to advertise slightly higher overall returns.
Cardone Capital is set up as a property syndication where investors receive a share in a LLC that owns a portfolio of investment properties. Proceeds and operating income from those properties are then distributed to the manager – Cardone Capital – and the investors at a split up of 65/35.This is just one of the ways where Cardone Capital actually makes money. If you'd like to see more in regards to the ways where Cardone Capital profits click here to browse the article I wrote a few months back.
Who Is Grant Cardone?
Grant grew up in Louisiana, in a middle-class family. I had working-class parents and was very much close to his father.
When Grant was only a little kid, his father died as a result of heart attack. He always says that his father was the provider for the household, and had a very good work ethic.
Down the road, his older brother died when he was only 20 years old.
Both of these deaths affected the household greatly. Grant keeps saying to this day, that he saw how scared his mother was of catching as much as the bills, and he adopts shameful details such as how she would clip coupons for the food store to truly save several bucks.
This is where Grant's life went south.
He started using drugs constantly, being unproductive in the home, and an encumbrance to the market, being unable to keep a constant job for significantly more than 3 months.
He explained his life was a wreck during the time, and he didn't find any meaning for his life, working dead-end jobs.
He has some heartbreaking interviews where you hear him saying with a shaking voice about simply how much he wanted to quit using drugs, swearing to prevent time after time, only to go back doing them 5 minutes after. He felt ashamed, worthless, and more or less a missing cause.
It got so bad, this one rainy night in Luisana, one of is own friends during the time set to rob him inside his house. If that's the kind of people and friends you spend time with, you know you screwed up.
Grant was lured to open the doorway, was beaten with a pistol to an inch of his life, and got his house robbed, and his dignity, or what left of it, stolen.
HOW DOES CARDONE CAPITAL WORK?
As mentioned before, Cardone Capital provides a platform wherein you are able to invest in property, and never having to buy any property for yourself.
To put it really, it's much like whenever you invest in the stock market. In that market, you're buying a share of a particular company, when it generates money, in addition, you generate income (based on how much you invested).
The actual estate crowdfunding system by Cardone Capital works much like that. In that, you're basically investing with cardone capital your hard earned money on an existing property property that Cardone Capital provides.
The funds that are still ready to accept investors mostly contain properties in the south and southeast of the United States. Grant Cardone has highlighted on several occasions that he believes the southern and southeastern US markets to be probably the most desirable property locations in the United States because of their steady population increase and job growth.
Conclusion
As we've observed in this Cardone Capital review there are many pros and cons. Overall, however, the good qualities appear to outweigh the cons by quite a bit.
The properties which can be being offered alongside the fairly low investment minimum make for a highly attractive deal to gain exposure to the multi-family asset class while remaining a passive investor.
Even a 65/35 profit split mightn't function as the worst of it all given that you literally do not have to do anything except clicking a button to become a member of the company. Cardone Capital provides a compelling platform and several features that make investing and tracking your investments progress over time a breeze. They certainly also be noticeable with great and sometimes over-the-top customer service.
Cardone Capital's commissions and fees do put a damper on the enthusiasm I feel for property syndications generally but do not compel me to dismiss Cardone Capital from the getgo.
Conclusively, Cardone Capital is a legit property syndication company that provides some exciting opportunities for retail investors. We will have if these types of investments will are more common as time goes on or if the SEC will tighten its ropes when it comes to the participation of non-accredited investors in real estate.
