Cardone Capital and all the U tubes

[Jay Hinrichs]

Wow I don't know if anyone is watching all these U tubes on Cardone.. I have no dog in the HUNT I dont know him never met him Never watched any of his stuff.  So when I start to see U tubes that are so negative I watched a few.

Just watched a few this morning and talk about the blind leading the blind then all the haters get on who are just keyboard cowboys.

so
1. As I said no dog in the hunt.
2. Full disclosure I have done one PPM  in the last 3 years so know a little bit about it.

So what I cant understand is from my vantage point.

Everyone is freaking out becasue of no distributions.. And that he fired staff etc etc..  Well I suspect there is going to be a lot of syndicators shoring up reserves right now.. there is absolutely NOTHING wrong with that in my mind.. Safety of the asset first.  

Next thing they are talking about is Grant is taking his fee's.. well do we all think that Grant is a sole proprietor who does all the work or do you think if U were owning funds with 8k doors you may have some staff?.. and that the management fee is going primarily to staff!  these guys were making a big deal that Grant is getting paid..  Whether he is taking personal comp who knows.. but to think he is pocketing all those fee's personally or to not clarify that is wrong.

Cardone like many found Paid training.. and I suspect he Makes MILLIONS in paid training.. just like those that came before him Montalongo
Fortune Builders  Zurrix etc etc.. its a HUGE money business.. why do you think the guys who sell paid training on how to be a syndicator popped up in the last few years.. Lots of money in it.

So I watched a few of Grants vids and yes he is out there.. and his language is kind of rough and crude but I can see him having a base much like Trump has his base..  And of course you have the JET  LOL..  :)  the guys at Zurrix have a 30 million dollar jet so its common.

It appears he has bought A class trophy type props and according to Meet Kevin paid top of the market for them..  But bottom line as long as there is no funny business behind the scenes I personally would rather have someone like him running the show than some syndicator that just started out and does not have any true personal net worth or balance sheet past the few deals they did..  IE the ones that have to bring in credit partners that have NO PG becasue they cant themselves qualify etc.

On one video the guy being interview said that Cardone takes 35% for himself and that included 35% of your investment. not just the upside and the dude interviewing him asked twice about it and he still said that was what he did..  I mean come on.. then he was whining becasue he is not accredited and apparently accreds get a 6% pref and non accreds 4.5%  and he was shocked after the fact and felt he was duped,  so he obviously did not read the offering Memo  LOL

Interested on anyone else's take on this.. like Grant dislike him.. But I would hope people would be more accurate in their reporting. And or know what the heck they are talking about