Anyone interested in real estate investments has probably heard of Grant Cardone. Indeed, this dude already built his name very well in the business world.
He often shares his rags to riches stories during his conventions. And for the sake of this review, I’ll spill in-depth details about this guru.
You’ll learn if Grant Cardone is the best real estate mogul out there – and if he has the best real estate course to sign up for!
I’ll also examine if this business model can build you a substantial fortune.
I don’t want you to wait any longer, so we better kick this off…
Grant Cardone offers a course that teaches you about real estate investing.
If you’ve read my other articles on real estate investing, you’ll know there are 3 primary ways to invest:
Wholesaling buy-and-hold, and flipping.
While they each have their pros and cons, there is a ton of potential for success investing in real estate.
Real estate has created some of the largest fortunes in world history.
That being said, you should take some time to seriously think about something:
Is now the best time for YOU to get into real estate investing?
Because despite the potential upside, investing in properties or land takes a lot of capital, and is very labor-intensive.
That means if you:
- Have less than 3 hours per day, OR
- Aren’t sitting on $20K+ in disposable income
This may not be the best time for you to start investing in physical real estate.
Don’t get me wrong, real estate investing can be an amazing way to protect your assets while generating cash – but there’s a time and a place for it.
But there’s good news!
All you need is a system to generate you the cash (& free time) you need to be ready for real estate investing.
My preferred method of getting there is by becoming a Digital Landlord
It takes the benefits of real estate investing, but removes many of the barriers (& annoyances), like:
- Small cash flow on properties
- Having to take out debt
- Dealing with repairs and upkeep
- Dealing with tenants
The cool part is that the income is mostly recurring (AKA semi-passive).
You could make anywhere from $2,000-$10,000+ per month doing it.
You can build it as big (or small) as you feel like, without the annoyances I listed above.
If that sounds interesting, you might want to think about becoming a Digital Landlord.
Then, you can take the profits and start investing in physical real estate a year or two from now.
If you wanna see if Grant Cardone is the best guru, keep reading.
Who Is Grant Cardone?
Grant Cardone has achieved hundreds of millions from several business ventures. His journey begun during his 30s, and his wealth has gotten pretty evident now that he’s 60.
Today, he’s considered as one of the world’s most-followed real estate investors. He’s also a motivational speaker, a Youtuber, and of course, an online business coach.
Grant owns Cardone Capital, which allegedly teaches strategies on how to close a good real estate deal. He’s the man behind the 10x movement and has published several business books.
Other than that, I’m pretty sure you’ve already seen a glimpse of his luxurious lifestyle on the internet. You’ve seen him drive fancy cars, hop on a jet, and generally live the American dream.
Prior to his success, Grant Cardone actually struggled in day-to-day life with his mom, twin brother, and three other siblings back in Louisiana.
Who would have thought that this dude was once in dire straits?
His father died at such a young age, and because of that, Grant Cardone learned true hard work to support his family’s daily needs. That experience serves as his inspiration in building massive wealth.
His previous life was far from being glamorous. His college days were filled with delinquency, in fact, he often mentioned years of trying to steer away from drugs. It made him feel like a total failure and each attempt to fight life’s battles seemed more and more impossible.
Flash forward to now, and he managed to be at the top of the game. He’s living the best life with his family in Miami. Grant Cardone is married to Elena Lyons, a Hollywood actress who originated from Spain.
They have two daughters named Sabrina and Scarlett. These girls were born with silver spoons in their mouths. It’s pretty evident that Grant Cardone got his money from selling business training programs he set up before turning 40.
Grant sells his expertise; he’s a self-taught millionaire who managed to run a real estate empire. Aside from that, he has written 8 business books – the current one was published just this year.
One of Grant Cardone’s favorite lines is, “Cash flow is king.” I think we all know that he brandishes his wealth by showing it off online.
On the extreme part, he’s quite pessimistic about finishing a degree and getting a job, he didn’t like the thought that average jobs serve as people’s bread and butter. You’re supposed to aim higher than that, in Grant’s opinion.
Grant views getting a college degree as a pointless track. And while he’s not against it, he still imposes that you can go through life without wasting away years on a path that couldn’t make you rich no matter how hard you try. Worst thing is, you might just be saddled with student loans that may soon put you heavily in debt.
Hold on a second!
That could be true, but that belief won’t fit for everyone. Grant’s background and experience is different from yours. After all, we’re still programmed to do life with the right order, and finishing college is still crucial in building your desired income – you might still want to do it, one step at a time.
Then afterward find ways to get sustainable passive income.
Being surefooted is the best thing to do, now that economic recessions are felt in most parts of the world.
Grant Cardone’s Books
I’ve listed the books you can find on Amazon:
- The 10X Rule Quotes
- The 10X Rule
- The Closer’s Survival Guide
- How to Create Wealth in Real Estate
- Sell to Survive
- Dominate Your Market
- Sell or Be Sold
- If You’re Not First, You’re Last
- Real Estate Investing Made Simple
- Be Obsessed or Be Average
- The Millionaire Booklet
Nowadays, Grant’s pretty active with Facebook live streams. That’s where he discussed topics that you can also find in his books.
So if you don’t want to pay for those books or don’t have time to read them, you might consider following his socials to get indirect coaching.
Can Cardone Capital Make You Money?
Cardone Capital’s real estate holdings are quite impressive. Non-accredited and accredited investors can both participate in this crowdsourcing business model.
Grant only requires a minimum of $5,000 for non-accredited investors while at least $100,000 for accredited ones. This dude creates a long-term real estate investment plan for both.
With this arrangement, you can co-own real estate properties and receive a portion of the rent. In other words, you sign a contract to become joint owners of income-producing properties.
The company claims to more than double your investments! However, this isn’t always the real case. Given the maintenance costs and deduction fees of joint real estate properties, it may not be a lot!
And in case you haven’t heard before… a class-action lawsuit has actually been filed against Cardone Capital. According to the petition, the defendants disregarded the SEC lawyer’s warnings and misled their investors as a result.
What Is Cardone University?
Cardone University covers a sales training course that newbies and veterans can sign up for. Every aspect of running a successful business is laid bare by Grant himself.
The price starts at $97 (monthly fee). That’s a great deal, as the item has a lot of worth – and if you can easily pick up topics about sales.
Though Grant offers this for everyone, it wouldn’t be so simple for newbies.
His sales tactics have allegedly reached a lot of people in the business – both small and large firms. They rely on his sales process to get high-paying clients.
However, most success stories are only related to big businesses. I couldn’t even find legit proof of average marketers making up their investments.
I believe that the first steps are probably the hardest. So you have to keep seeking knowledge to fill the gaps.
As a result, you’ll pay for another month to continue taking classes, watching more videos, and seeking more guidance. Time is money, and I’m worried this course can sometimes waste your time.
If you’re looking forward to creating passive income and being your own boss through the help of this training program, think twice. But along the way, you’ll realize you never landed on anything. You spend time learning but never actualize things.
He really makes everything so simple, doesn’t he? But if that’s the case, then why do his followers and subscribers never share wealthy stories?
They’re hooked with Gardone’s wealth and inspiring messages, and don’t get me wrong, it’s good to be inspired! But one way or another, you gotta be willing to just kick it off and knuckle down.
Grant Cardone Review: Is He Legit Or Scam?
So, time for the $1,000,000 question – is Grant Cardone a scam?
No, not technically. You can 100% make money with his program, though it’s not nearly as simple as they make it seem.
As with most businesses, there is A LOT of work to be done upfront & no guarantee of you being successful.
Not to mention the profit margins are typically pretty small.
Don’t get me wrong; I’m a big proponent of front-loading work now so that you can reap the rewards later.
But if I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike physical real estate, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper-van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is Grant Cardone’s Net Worth?
To be honest, estimating his net worth isn’t simple.
He doesn’t release financial statements, the only way to know the dude’s net worth is by calculating his several income sources – which is quite impossible.
When covid took place, research says that Cardone’s net worth has declined to $300 Million, well that’s still a lot of money!
It’s notable that his real estate success happened in a pre-pandemic market.
Has Cardone Capital Been Sued?
As I mentioned earlier, yes!
Basically, he was accused of deceiving investors by promising them a 15% yearly return that never materialized.
Los Angeles federal court also charged Cardone Capital for breaching court orders. They allegedly gave false and deceptive statements, eventually, they refused to be questioned over a $100 million business deal transaction.
In the end, the judge vacated the decision, Cardone didn’t mislead anyone, and eventually, the lawsuit was dismissed.
What Separates Grant Cardone From Tai Lopez And Dan Lok?
To be honest, they all endorse the same things.
They’re selling training courses so you can build and run your own business, they allegedly exist to increase your profit margin, reduce your losses, and live a worry-free life.
They solely write curriculum guides and strategies based on experience. Plus, these gurus aren’t confined to the online world. They run their business on several platforms.
Now, what separates Grant from the two other business gurus?
Grant knows the importance of hard work to achieve your goal. This belief is shared by Russell Brunson, Grant Cardone’s friend – even his books are funneled with such tips.
I can say that Grant Cardone provides a valuable service compared to Tai Lopez and Dan Lok. The only downside is that real estate has been greatly affected by the current global crisis.
Even if you go beyond fair-wage effort, that doesn’t guarantee that you’ll see good cash flow.
Is Grant Cardone The Best Real Estate Investor?
There are so many emerging online business gurus claiming success in building wealth to finally arrive at the dream life. But is Grant Cardone the best among the others?
Though Grant started in auto sales, he’s able to adapt that skill in the real estate world – versatility is a definitely a plus.
This real estate investor includes the following techniques in his curriculum:
- improve your sales process
- reduce your losses
- boost your bottom line
- spot the best opportunity
He’s able to partner with several entrepreneurs to invest in real estate, making him way richer. I honestly applaud that tactic!
As mentioned, he’s an author, speaker, and head of Cardone Enterprises. He runs several business ventures like Cardone University, Cardone TV Network, and Cardone Capital.
With that long list of achievements, I can say that, if not the best, he’s probably enthroned on one of the top spots of real estate investment.
Can I Make Money In Real Estate?
Yes, you can!
Real estate is a lucrative business model. Everyone agrees that there’s money in it. It’s one of the reasons Cardone Capital and business alike are appealing to the market.
It’s possible to start producing money without any effort on your part. But that benefit is a long way grind. Real estate doesn’t operate in quick returns.
After all, if you do it alone, you’re gonna need tons of funds. To be honest, most investors borrow money to buy the space. In the end, you’ll have to pay a high-interest rate if your credit isn’t already stellar.
In other words, if you couldn’t find a buyer or a lessee any time soon, you’d be stuck paying your loans by yourself. That’s pretty risky if you ask me!
You either have to be backed up with business partners or already have tons of money in your account.
What Are The Pros And Cons Of Cardone Capital?
When you join Cardone Capital, you’re investing in properties that are already verified.
You can access real estate investment opportunities you wouldn’t normally have without Cardone’s help. As a result, you’ll be receiving cash on a monthly basis after Cardone Capital collects rental payments.
And since it’s a real estate investment, you can write off income tax depreciation.
You get to partner with other investors, which just means you can kick off with less capital.
I personally don’t like when a business doesn’t provide in-depth details. Likewise, there isn’t much information available regarding Cardone Capital.
It’s almost 5 years since they started, but they still won’t divulge any financial details aside from the aforementioned topics.
Their pricing structure is one of the most irritating aspects. In my opinion, it’s heavy and looks to be more in favor of Grant Cardone than anything. The company takes 35% out of everything plus 3% management charge.
Added to that, there are a couple of unmentioned fees like annual cost and acquisition costs.
Are There Alternatives For Real Estate Investing?
Yes, there is!
You can check out digital real estate.
If you’re really eager to have extra cash, you could try online selling, affiliate marketing, stock market, cryptocurrency, and such.
But in my honest opinion, digital real estate is worth considering above it all.
A brick-and-mortar property and other ventures normally require heavy investment or down payments. Digital real estate investments are a fraction of what you’d invest in traditional real estate.
Google FAQs: Grant Cardone
Was Grant Cardone Born Rich?
Cardone was raised in a less-than-ideal atmosphere. This self-made millionaire literally started below the poverty line. His family’s inability to provide basic needs made him poor for quite some time.
Due to some pressures and grief, he began to spiral downward before he discovered his wealth potential.
Does Grant Cardone Own A Jet?
You can see him flexing a private jet on the internet.
It’s his newly bought Gulfstream G550 Interior 10x Airlines Private Jet Aircraft, which costs 50 million dollars.
Two years ago, he released a private jet tour on Facebook. You can watch it here.
Is Grant Cardone Still Married?
Grant and Elena are considered to have a fairly sweet love story.
Sixteen years down the line, and they’re still together. The couple’s blessed with two daughters, they all reside in a stately home in Miami.
Grant takes a lot of inspiration from his married life. He’s fond of using real-life metaphors to close real estate deals.
Plus, he involves his wife to co-host in” ‘The G&E Show.” Despite having different fortes, they still manage to work together really well.
Final Thoughts: Grant Cardone Review
Despite Grant Cardone’s scam accusations, it’s a relief to know that none have been proven true.
Nevertheless, should you avoid this real estate guru?
The truth is simple…
In order to make money, one must have a good work ethic coupled with both marketing and management skills.
But if you don’t know where to start, you need step-by-step guidance. That’s where Grant or other gurus come into play.
But to give you my two cents, don’t fall for becoming a CEO yourself in a short span – or worse, earn your millions effortlessly… that’s honestly foolish!
Grant can undoubtedly go on vacation anywhere in the world and work only a few hours a week. But buying his programs doesn’t mean you’ll end up having the same life.
Too often, online gurus seduced aspiring marketers with too good to be true tactics. Almost denying their restless beginnings where they had to work really hard!
I’m not against hard work because it’ll surely pay off. If Grant and his fellow investors have made a fortune, you too can!
Things always have a way of working out. If those self-proclaimed gurus started without a guru, don’t you think you can? If you could work smart, why not discover and show off your gotten skill?
I honestly think it’s way too risky to try money-making programs like Grant’s. It may mean nothing to you now, but it’ll eventually affect you in the long run.
The pressure’s real when gurus consistently eyeing on your progress like slowing down a bit is a crime. Along the way, you have to assess the truth, is your income increasing or just declining?
The point is, income streams are never guaranteed.
It’s the same thing with Cardone University and his 10x growth conference. Taking his course or attending his conference doesn’t leave you with the same cash flow and financial resources.
To me, it’s not going to happen in a year or so…
But is it possible? Sure it is, the sky is the limit, after all.
So if you’re willing to put thousands of dollars in properties you’ll never see again, then try Cardone’s course!
Taking high-interest loans in the pursuit of doubling your income is something only you can decide to do. You won’t see me recommending it, though.
What Is The #1 Way For Making Money Online In 2023?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet-bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
It’s worth noting that I FULLY endorse real estate investment as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.
That being said, my #1 recommendation for making real money online as a beginner is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
1.Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Real estate investing is a FULL TIME JOB. If you stop finding deals, your money dries up.
2.Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.
If you miss a single payment, the property can be taken from you.
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
3.Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets, and owning A LOT of them.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
4. It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with real estate, you would need twice as many properties, or double your profit margins on each property. And I can guarantee you , that’s a lot harder than a few clicks & a phone call.
5.Make Money Helping Real People: When you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other opportunities like Grant Cardone’s, which might make you money.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it. If this sounds like you, click here to see how it all works.