Cardone Ventures
Cardone Ventures crowdfunding is shady and mysterious
Grant Cardone has posted almost every video about his Cardone Ventures. There are always the basics that he discusses, but there are also some nitty-gritty topics like retail dying.
We attended 10X360 was not what we thought we were purchasing. Many ideas were discovered, but it was not a 360 of Your business.
This isn’t the end of my research. One troubling thing in my videos was that one person was accused of not having paid $1500 for an online course.
He was asked not to use marijuana by Cardone in another video. This person could have been either a hired actor or paid the crew to shoot with him. It is still a questionable marketing strategy.
I signed up later, but I ran into many issues. It was hard to find the link, and every attempt to sign up was rejected. To get it done, I had to use their website form.
Grant Cardone’s reputation for hard selling was too strong, so I assumed I would be added to the mailing list. That is precisely what happened.
My inbox began to fill up with promotional emails and other newsletters that were not requested. The emails were also sent to multiple people because they used CC instead of BCC for all addresses.
Later, the team apologized and said that it was a technical problem. After two days, the team apologized. His claims on Monday’s program claim that he has not spent anything once his entire investment is completed.
He had 833000,000,000 shares, which is the entire amount he owned. I also looked through the SEC filings. It appears that the company is relatively new, with a minimum investment of $10,000.
Grant Cardone holds all investment decisions rights according to the company policy. When it comes time to see where your money has been spent, you will no longer be in the picture once you have invested in his plans.
The company invests money from investors in multi-family homes and has the right to support it in other real estate investments without your consent. This is at the manager’s discretion.
The rules state that the company will sell within ten years. However, you will remain an investor for the entire period.
You will receive your share of the profit if the sale is made with profit. The company can obtain credit lines or increase interest rates to finance properties.
These situations can cause a significant drop in your investment value. Many other loopholes can make this investment extremely risky.
You’ll be investing in properties that don’t allow you to vote. You will also be unable to convert it into liquidity within ten years of investment. Worst of all, your investment will not be protected if the company goes under.
If you believe Grant Cardone is investing his own money, as he claims to on Mondays on real estate, I suppose you might be wrong.
Let’s suppose he buys a property for $10M. He decides to increase the investment and tell investors that it will cost $18M.
He got his money back, and he was still the largest owner of the property. He also receives a syndicate fee. He can make 80% on his investments and long-term ownership and management fees.
The company is so suspicious that investors do not receive a statement about their investment.
They receive a check every month. That’s it. Investors don’t know what they’re investing in, and the company doesn’t take responsibility for sharing this information.
You don’t have the right to inquire about the investments made and where the money went. You know the company will share the percentage after ten years. What if the company goes bankrupt?
I’ve been trying to be removed from their mailing list for a long time. These guys never fail to find a way into my inbox. Cardone Ventures uses deceitful marketing techniques.
Most deals make it seem like they are making great success, while others are doing well. Cardone Ventures is the only beneficiary of the values that the company is built on. Crowdfunding multi-family homes could be on the rise today.
But what if the crowdfunding backfires? What is the proper strategy? The company is trying to convince people that they will benefit from joining it.
The truth is that Grant Cardone, the company manager, is only interested in making a lot of money. It is hard to top his celebrity status.
But, I believe there are many crowdfunding companies with better propositions than Cardone. This man is a fraudster and a dishonest marketer. This is who he is.
He is a clever, wise prick who can find his way out of any mess. You will learn a lot from his videos. He is a comedian and not an investor.
He is also a colossal fraud.
I got scammed 40k from Grant Cardone & Cardone Ventures…
I go over all the details of the 10×360 scam that cost $40, 000 in this in depth video of what happens behind the scenes at Cardone Ventures: https://youtu.be/2wcnsNHqSzU
I simply give the data, you can decide for yourself.
So I read through a portion of the SEC filings that Cardone Ventures has submitted since building up their organization.
It’s a genuinely new organization with the reason that you become a “Class An Interest” with base speculation of $10,000.
All fundamental leadership influence with the speculation capital created by “Class A Interests” is ultimately saved via Cardone Ventures, implying that after you cut the check, you won’t have any further talk into how the cash will at that point be contributed.
The capital delivered from financial specialists will be utilized to back and buy numerous multi-family homes (yet, in addition, maintain whatever authority is needed to put resources into another land at the director’s prudence) and after that intended to be sold in 10 years.
You are relied upon to stay as a financial specialist and can’t get any arrival on your cash during that time.
On the off chance that the properties demonstrated a benefit after the development and deal after the ten years, you would get your arrival on speculation by then.
Be that as it may, they likewise maintained whatever authority is needed to acquire credit extensions, get against different resources, or cause higher loan fees to get financing for properties, and along these lines, could contract the estimation of your inevitable return.
I’ll interface the Filing that I got this data from. If it demonstrates productivity on the opposite end in 10 years, you will arrive by then. Yet, you’re essentially giving Grant Cardone (supervisor of the organization) cash to put resources into properties under his caution.
They are additionally documenting not the same as a conventional land speculation organization (see Page 17), including an expanded introduction to you as a financial specialist, which could even mean you are not guaranteed if this organization fails or self-destructs.
With no casting ballot rights or control on your venture throughout its development, powerlessness to liquefy the speculation until the multi-year length is finished makes it high hazard speculation.
Be that as it may, I give the data. You can decide for yourself.
I have finally "given up on" Grant Cardone
I have finally “given up on” Grant Cardone and his firm Cardone Ventures because of two things:
The first and utmost because THE Grant Cardone “Scientology connection” are enough to fool you.
I watched approximately 16 hours of his videos (on YouTube) as well as 3 hours within his “Cardone University” (which my company paid for and paid me to watch on the job).
There is a video where Mr.Cardone allegedly has a job interviewee who owes him $1500 for not paying for an online course.
The same “job interviewee” is seen in another video where Grant Cardone tells him not to smoke marijuana.
So the interviewee is either an actor or a paid member of Grant Cardone’s staff. His “real-life sales call,” I deduce, are essential “set-ups.”
My tingly spidery senses went off the first second I saw Grant, but my boss loves the man.
Grant Cardone’s rule of “no negativity” is a fantastic piece of advice — unfortunately for his marks (e.g., my boss), it also prevents concerned advice from being relayed 🙁
Can't Opt Out of Their Emails
I’m an accredited investor and signed up to get more Cardone Ventures info b email. That was a mistake. I get a ridiculous amount of emails, and I can’t t out.
I’ve clicked the link at the bottom of the emails in several emails they’ve sent me, but the connection never works, so there is no way to opt-out of their many emails.
If they can’t do that honestly, I don’t trust them in general, so that I won’t do business with them.