Grant Cardone = Bankrupt (Dumb PR Stunt)

[Kevin88660]

Remind me of the 1980s Forbes list when the richest in the world were occupied by Japanese properties developer.

What followed were bankruptcies and even suicides.

 

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[Alleghenyman]

GC strikes me as someone who excels at selling an image that is relatable to people who are unhappy with themselves and looking for a buddy who just happens to be selling them something that they want anyway. Maybe that’s good salesmanship when you’re selling commodities like cars or real estate, I wouldn’t really know because I’m not a salesperson. I think his 10x method is banal and empty inspiration porn that has very little value for entrepreneurs who want to learn about persuasion, delegation, or strategy.

 

[raessssssss]

This was interesting between Jordan Belfort and Grant Cardone. Grant normally has a big personality but towards the end of this you notice his body language has shrunk a bit and Jordan has kept control of the conversation.

Lol that's because Belfort is an actual shark and Grant is not

 

[Lionhearted]

This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:

View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...

He just 10X'ed bankruptcy!! Ironic! Feel more sorry for the people who invested in him.

 

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[Lionhearted]

This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:

View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...

Says it was a stunt and guess what? IT WORKED! But he was laughing too much on the video which gave it away. Time will tell how it all shakes out for him but if I was one of his investors I would not have appreciated that "stunt".

 

[100ToOne]

He says this was a "marketing genius method"......

Doesn't he watch Youtubers? TV? lol....they've been doing this since ages.

thumbnail: "I QUIT! "
next video thumbnail: "Why I returned?"

;/

 

[Rinzler]

I've found these videos through the really entertaining Instagram page @BallerBusters (Might become your new favorite page as well)

The gentleman in these videos carefully shares his opinion on Grant's businesses and believes he really is going under. The first link he breaks down how Grant contradicts his own ROI structure.

View: https://www.youtube.com/watch?v=r3Guz5XDnx8

View: https://www.youtube.com/watch?v=KWzbp6PJbIk

 

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[Process]

His books and content are not bad. However the last 2 years he has been drinking his own Kool-aid and I stopped paying attention to him.

Doing a stunt like this when you've suspended payments to your investors and have allegedly laid off half your employees is the most immature stunt one can think of.

 

[Bigguns50]

He asked for a Bankruptcy lawyer to help keep him out of jail ?? The whole thing smells.

 

[angular]

This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:

View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...

(-10X?)
This looks like it was recorded live yesterday. I don't think he's going bankrupt now, but with all the rental units he owns there could be some belt-tightening in the GC household in the near future. He seems genuinely alarmed by what's happening with the economic reversals taking place.

https://www.facebook.com/video.php?v=252831222568106

View: https://www.facebook.com/grantcardonefan/videos/252831222568106/

 

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[Lionhearted]

(-10X?)
This looks like it was recorded live yesterday. I don't think he's going bankrupt now, but with all the rental units he owns there could be some belt-tightening in the GC household in the near future. He seems genuinely alarmed by what's happening with the economic reversals taking place.

https://www.facebook.com/video.php?v=252831222568106

View: https://www.facebook.com/grantcardonefan/videos/252831222568106/

At the 9:50 mark "You mention the word bankruptcy, you'll literally drive your entire google search up with that one word." Grant needed attention because the Rona was getting more attention than him so he made a video that went viral so everyone would share it where every second word he said was......... bankruptcy. You have to give him credit but now you know, from his own lips, why he did it. BTW Elana Cardone (his wife) returned the 10 carat diamond ring as it is not "essential" but the $50 million+ Gulf Stream private jet that's stays because as she said on London Real ,"Gulf Stream private jet is essential." LOL You have to love it!

 

[Player]

I mean i'd buy his apartments for 10 cents on the dollar....

In a heart beat.

This is a stunt but I can't imagine that the banks aren't breathing down Cardone Capital's neck. He may have exceeded mortgage covenants. I looked at this product some years ago and it was tempting to participate as these MFH assets aren't available in Australia. The dollar exchange also stopped me even though it was a bit better than currently. They were quoting a leverage range of 65-80 % LVR's. Even if the loan to value ratio was at the lower end of 65 % as he will be forgiving/deferring rents through this Covid 19 crisis, it would affect valuations as rents will have fallen. I can't imagine the banks do not undertake valuations quarterly if not monthly. I cannot recall the management fees but they weren't nominal. It was too much risk for me.

BTW if bankruptcy is declared and filed it probably will affect his entity. I doubt he or his wife have any assets to their name. Plane, cars, watches and the like are probably owned by by various corps or LLC's and that he personally or another entity pay fees for their use. The lack of liquidity of unlisted REIT's or syndicates escalates the risk.

He has smarts and hustle and I watch his content occasionally however sometimes he can be a bit much.

 

[MHolland]

This was interesting between Jordan Belfort and Grant Cardone. Grant normally has a big personality but towards the end of this you notice his body language has shrunk a bit and Jordan has kept control of the conversation.

Cardone's not a sales guy. He's a pest. He pesters and bullies as a strategy to get a 'yes'. Although a brilliant marketer, no doubt, he couldn't sell his way out of a decaying paper bag to save his life.

 

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[Lionhearted]

Cardone's not a sales guy. He's a pest. He pesters and bullies as a strategy to get a 'yes'. Although a brilliant marketer, no doubt, he couldn't sell his way out of a decaying paper bag to save his life.

Jordan Belfort exposes Grant Cardone (very classy)
Grant looks like an amateur in comparison.

 

[James Teka]

This is someone who has been the topic of a few threads here, so I thought I'd post this up.
.
Seems like he's broke:

View: https://youtu.be/u9_5223XaDY

.
I don't know why I never really followed this guy much, but I I guess his personality didn't sit entirely right with me or something
.
Great motivational speaker, but...

I still feel like this guy wants to surprise haters at end... He's playing rules of power games based on deception... Time will tell.

 

[cjh382]

I think there is a silver lining to everyone and everything and the lesson learned with GC is.....

he's an absolute F*cking master at using OPM. He has several hundred million AUM where it's over 90% OPM, pays 5-8% annual distributions on the money and keeps the absolute lion's share of the profits for himself....and his jets, houses, cars, etc. His personality is definitely off putting, but the underlying magnitude, math and method to his madness is off the charts.

 

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[cjh382]

Thanks for schooling me up on the details JScott. For "educational purposes" I did invest a small amount of capital into one of his properties several years ago and went back and dove into the legal docs. You're right about all of the ongoing fees although they are actually 1% of capital raise (approx $50m for the fund I'm in) and not gross revenue on the properties within the fund which was just over $20m in 2019.

You're right about the 65/35 split, although there is no hurdle nor preferred return to investors--all distributable cash follows this split each month and even proceeds following an exit event.

 

[PizzaOnTheRoof]

I've found these videos through the really entertaining Instagram page @BallerBusters (Might become your new favorite page as well)

The gentleman in these videos carefully shares his opinion on Grant's businesses and believes he really is going under. The first link he breaks down how Grant contradicts his own ROI structure.

View: https://www.youtube.com/watch?v=r3Guz5XDnx8

View: https://www.youtube.com/watch?v=KWzbp6PJbIk

Maybe he's actually on the borderline and just trying to control the narrative before someone else spills the beans.

6 months from now he can just say "We'll I was kinda joking in that video."

 

[Sid23]

A few years ago when I was running acquisitions for a large apartment fund I used to compete with Grant for certain properties. He won every time.

Brokers used to call me once the deal was awarded and say, "Well, Grant offered 15% more than you did so we gave him the deal." Was never surprised

 

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[spinventing]

I'm glad you all are not Grant worshipers... I simply just don't like the guy and he is like the definition of preaching "scripted" and not living it, but that is just from the couple minutes I actually listened to him lol. Definitely a "motivational speaker" though

 

[valuecreator]

In my household, the words "Grant cardone" are an insult...

As in, "hey, don't be such a Grant Cardone, bud!"

ususally meant to mean fake or a**hole.