Big debt could be crushing Cardone Capital, forcing Grant Cardone to fire people. Learn the psychology of investing & making money, use code ⚠️MoneyFromHome⚠️ expires 4-31-2020 https://metkevin.com/program - ALSO Deposit $100, get💰2 Free Stocks 📈 https://metkevin.com/webull
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Yikes! Grant Cardone and Cardone Capital are feeling MASSIVE pressure from the latest panic. Numerous unconfirmed reports have come in about a mass layoff at Cardone's offices on Thursday March 19, 2020. Some employees reportedly received threatening letters from Cardone's staff attorney, prompting some employees to threaten to sue. A day later, Grant Cardone joked on a livestream that "no one is suing anyone right now" because courts are closed, in so many words. While 44% of his staff at Cardone Capital, Cardone University, Cardone Ventures, and Cardone Advertising appears to have been let go (allegedly and still unconfirmed), posts of fired employees are appearing on Facebook.
Also, Cardone Capital appears to be leveraging Cardone's social media to search for tenants, suggesting Cardone Capital is here to support those who need housing, but the posts appear to be a round-about method of finding tenants during a time vacancy is likely at an all-time high. Since real estate syndications generally prefer higher rent over stronger, more-qualified applicants, vacancies could quickly soar at Cardone Capital. Since Cardone Capital is known to maximize debt, especially through the use of interest-only loans, investors may be at a particular risk leaving their money with Cardone Capital during a downturn, though Cardone's operating agreements appear to make withdrawing money at any point, difficult at best.
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🚧🚧🚧🚧DISCLAIMER🚧🚧🚧🚧
❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
This is not an advertisement of property for sale and any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
Trademarked Slogans (NO use without written permission and license):
⛔️Meet Kevin ®
⛔️No-Pressure Agent ®
⛔️Providing More ®
⚠️Contact Kevin⚠️
Course Questions & Bundles ✉️ Email Kevin @MeetKevin.com
DAILY Livestreams 📺 https://metkevin.com/live
Kevin is here Regularly 📱https://metkevin.com/discord
Download Kevin’s Course 🧠 https://metkevin.com/program
#CardoneCapital #GrantCardone #MeetKevin
🦠🦠Get the Life Insurance Kevin Has in 5 Minutes: https://metkevin.com/ladder 🦠🦠
✅🗳️Learn from Kevin🗳️✅
🏡Real Estate Investing From $0 to Millionaire: https://metkevin.com/invest
🤵Real Estate Sales from $0 to $500k+ in Income: https://metkevin.com/Sales
💰Money, Stocks, Wealth, & Happiness: https://metkevin.com/money
🧰DIY Property Management, Rental Renovations, & Asset Protection: https://metkevin.com/DIY
🎥Livestreams: Every Morning 9am (when market is open). Join here: https://metkevin.com/live
📬 Discord📬 https://metkevin.com/discord
Yikes! Grant Cardone and Cardone Capital are feeling MASSIVE pressure from the latest panic. Numerous unconfirmed reports have come in about a mass layoff at Cardone's offices on Thursday March 19, 2020. Some employees reportedly received threatening letters from Cardone's staff attorney, prompting some employees to threaten to sue. A day later, Grant Cardone joked on a livestream that "no one is suing anyone right now" because courts are closed, in so many words. While 44% of his staff at Cardone Capital, Cardone University, Cardone Ventures, and Cardone Advertising appears to have been let go (allegedly and still unconfirmed), posts of fired employees are appearing on Facebook.
Also, Cardone Capital appears to be leveraging Cardone's social media to search for tenants, suggesting Cardone Capital is here to support those who need housing, but the posts appear to be a round-about method of finding tenants during a time vacancy is likely at an all-time high. Since real estate syndications generally prefer higher rent over stronger, more-qualified applicants, vacancies could quickly soar at Cardone Capital. Since Cardone Capital is known to maximize debt, especially through the use of interest-only loans, investors may be at a particular risk leaving their money with Cardone Capital during a downturn, though Cardone's operating agreements appear to make withdrawing money at any point, difficult at best.
🔴🧲Kevin’s Recommendations🧲🔴
🤑2 Free Stocks up to $1,400 & Extended Hours Trading 🤑 https://metkevin.com/webull
🏦M1Finance for Checking & Simple Stocks 🏦 https://metkevin.com/m1
🖼️3D 360 Camera (Save Sales Tax) 🖼️ https://metkevin.com/360camera
⚙️My Gear & Cameras ⚙️ https://metkevin.com/Gear
🎁Books for Entrepreneurs 🎁 https://metkevin.com/books
📹Create Your Own Course with Teachable 📹 https://metkevin.com/create
🧧Health Savings Account🧧 https://metkevin.com/lively
💰Invest in Cashflow with Kevin 💰https://metkevin.com/cashflow
🖥️2 Weeks Free w/ Frame.io Team EDITING of Videos 🖥️ https://metkevin.com/frame
🎵Channel Music 🎵 https://metkevin.com/music
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🚧🚧🚧🚧DISCLAIMER🚧🚧🚧🚧
❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
This is not an advertisement of property for sale and any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
Trademarked Slogans (NO use without written permission and license):
⛔️Meet Kevin ®
⛔️No-Pressure Agent ®
⛔️Providing More ®
⚠️Contact Kevin⚠️
Course Questions & Bundles ✉️ Email Kevin @MeetKevin.com
DAILY Livestreams 📺 https://metkevin.com/live
Kevin is here Regularly 📱https://metkevin.com/discord
Download Kevin’s Course 🧠 https://metkevin.com/program
#CardoneCapital #GrantCardone #MeetKevin
Short bow?!?!? Arrows?!?!?!? These OSRS community fuming rn. Crossbow.. Bolts.. ah…
His going after with his course those down to their last 1k.
2 years ago and he is still going. you are full of shit spreading gossip
Ben can just sell some of it
Interest only debt is kinda smart if you want to move fast and reinvest as much money as possible into new deals.. not in a crash I guess
Funny how this guy keeps asking for $5000 investments for new properties on houston tx and wants to hire new people, maybe if he had not got rid of employees taking care of them he would not be asking for new hires.
Scientology cult
KEVIN ARE YOU KIDDING ME YOU CALLED THE FAMOUS DRAGON CROSSBOW OF THE MYSTICAL OLD SCHOOL RUNESCAPE A SHORTBOW HOW CRUDE!
I'm sorry you're a hater… Help people don't spread hate about other people. You're a hater. Please stop this.
He can't rent or collect rents if the bank takes over the properties. Are these Reit's?
I used to be subscribed to your channel, and enjoyed the useful advice. That was till I only saw your as-if-obsessed Cardone videos, whilst having your crazy color hair. Can't take your kind of attention seeker serious
Guy ought sell his $65 mil jet to generate cash to pay employees severance pay. Too big too fast, too much borrowed money. Pretty easy to see he was a banana peel away from slipping.
Meanwhile cardone capital just purchased 650m portfolio with 35% down…
Cardone the Con
“100 million dollars in debt is still 100 million dollars”
Will the IRS put this Cardone guy in prison already so we dont have to hear about this clown any longer. Damn Scheister.
He treats his family the same way.
Ponzi scheme 100%
Lol….Grant Cardone is such a scammer, like a mini-Trump!
Cardone Capital WILL FAIL – Firstly I take no pleasure in that statement or opinion, its just a purely Analytical view having looked into the Debt they have. Cardone Capital is Extremely Heavily weighted with Debt and with Occupancy's down severely and to be fare due to COVID, which was I guess an unexpected event and no ones fault, but due to occupancy's down I believe this will severely effect their ability to service the Debt. Now having said that there is a chance of possibly refinancing and Grant is correct when he has in the past said that the big Players do get preferential treatment as the Financiers never want the big players to go bust as they themselves may also loose out. Also important to note that all there Debt is "Interest Only" for about the first 5 years. As we are all aware his other problems are going to be with the SEC and IMPORTANTLY with the Investors. There are numerous issues in that regard but the BIG ONE is this, If it turns out that GC was buying property's and then selling them to the Funds at an inflated Price well there Goes CREDIBILTY, which is the corner Stone of investment and you can Expect his reputation ( which he relies heavily on as a Marketer ) will be SHOT. And that will be that, no one will invest with GC again. IF TRUE ?
Your videos are a gift good sir!
watching this in April 2021 …wow
You only saying one side of the story bro
youre a troll