Massive Debt is Crushing Grant Cardone & Cardone Capital.

Big debt could be crushing Cardone Capital, forcing Grant Cardone to fire people. 🍀SaintPatricksDay🍀 for **30% OFF** code EXTENDED BRIEFLY - price goes up MONDAY - Includes private livestreams 5-times.

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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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