Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago, 01/23/2023
Grant Cardone / "Front Running" his investors / Evaluating Syndication GPs
I am interested in how to vet/evaluate syndication opportunities. For this question, I'm interested in Grant Cardone. I have been studying him for the last month...
Someone I was talking to, pointed to this ^ video where this guy suggests that Grant has bought the property himself, and then turns around and sells it at a marked up value to Cardone Capital ("frontrunning" his investors). I'm not assuming the accusation is true, I'm curious to know how more experienced investors sort thru these kinds of situations?
There is a separate video where Grant seems to be talking about the accusation above, and Grant says it would be too hard, and would create too much tax consequence. Hmm. He also says that he would take an interview on the topic, that he'd address the accusations directly (which I believe he would, that seems within his character).
https://youtu.be/YPBbqmoXptA?t=714
It has been interesting to research him this last month or so. I was on a group call. I read his 10X book (which is not about real estate, but was interesting). I'm not sure what I think of him, at this point. I respect his work ethic (certainly), but he is a little wild (for sure). Would I give him my money...
I would take any advice about how to see this situation and/or how to choose good syndication opportunities. I'd like to learn more about this topic. I just happened to start with Grant. I am in a deal with another GP, and looking for an additional place to invest now.
Thank you.