Market report by Kevin Vandenboss - Cardone Capital CEO, Grant Cardone, gets $8.5 million in commitments from investors during a live stream on the new social media app, Clubhouse.
Grant Cardone
Cardone Capital CEO, Grant Cardone, gets $8.5 million in commitments from investors during a live stream on the new social media app, Clubhouse.
Miami, FL, Jan. 24, 2021 (GLOBE NEWSWIRE) -- Social media influencer, real estate investor and Discovery Channel’s Undercover Billionaire, Grant Cardone, got commitments for $8.5 million for his real estate fund, Cardone Equity Fund 11, using Clubhouse, the newest social media app that’s quickly gaining popularity.
Cardone hosted a live event on the app on January 18, 2021, which was a Q&A for accredited investors interested in real estate investing. The number of attendees were in the thousands within the first minute of going live.
Cardone spent two and a half hours on the new social media app discussing the benefits of investing in real estate, and shared his own investing philosophies with the audience.
Cardone’s main talking points were what he says are “the five advantages of real estate over other investments,” which are:
1. Capital protection
2. Cash flow
3. Leverage
4. Tax advantages
5. Appreciation.
In addition to the five advantages, Cardone added “cash is trash and real estate is real. It has proven to appreciate in value over the last 2,000 years, not just the last twenty.”
For anyone who was interested in investing in Cardone’s fund, he directed his audience to a cell phone number, where his team fielded investors.
The company said the phones lit up with investors committing to over $8M while the event was live. The average accredited investor committed to $250,000, which is the current minimum investment for the fund unless you’re an existing customer of any of Cardone’s seven other companies.
Ryan Tseko, vice president of Cardone Capital, was also heard on the call sharing how he moved from managing small two-unit residential properties to managing a $2.3 billion multifamily real estate portfolio.
Tseko was a pilot for United airlines & small real estate investor. He sold his twenty one units and put the entire profits into one of Cardone’s funds, where he claims he tripled his investment in only 37 months. At that point, Tseko quit his job with the airlines and went to work with Cardone, who now owns 9,000 units.
The event had several notable attendees listening in. Several celebrities, including Tony Robbins, Tyrese, Glenn Stearns and John Lee joined the live Clubhouse event, as well as social media influencers like Tai Lopez, Dan Fleyshman, Frank Kern, Billy Gene, Cody Sperber, and social media wizard Alan Lazar. Several of Cardone Capital investors also joined in and shared stories of the success they’ve had with their investments with the real estate firm.