Grant Cardone FULL Deposition PART 2 – MORE TO COME
Cardone DEFENDS his position claiming the suit is frivolous – Cardone demanded depositions be made public. “who makes a deposition public?”
IN PART 2 Cardone discloses THE BUSINESS OF CLASS ACTION LAW SUITS & how law firms makes millions TARGETING HIGH PROFILE BUSINESS OWNERS. “The BIG FIRMS SMOTHER the little guy WITH EXPENSIVE legal fees, endless paperwork, but mostly the threat of public embarrassment & REPUTATIONAL damage.
CARDONE says, “I have SPENT $6M ON THIS SUIT AND WILL SPEND MY LAST DOLLAR IF NECESSARY TO DEFEND MY REPUTATION AND OUR INVESTORS.”
Cardone Capital distributed $22 million to investors on the dayS BEFORE THIS deposition and says in this clip if the plaintiff wins the investor loses everything.
Chapters
00:00 Cardone Capital’s property selection strategy
04:15 “Everybody was wrong”
04:50 Can a Class A property guarantee 15%?
06:45 Acquisition cap rate versus pro forma cap rate
10:30 Cash flow, management, inflation, and projections
12:37 Grant accepts responsibility for underwriting
14:36 “I am the fund”
16:34 The seven to ten year exit strategy
19:15 The 15% target and no guarantee disclosure
23:03 The SEC letter enters the deposition
24:18 SEC asks Cardone Capital to revise the disclosure
26:30 The “Call the court” confrontation
27:11 Grant says the 15% target had a basis
34:30 Did the SEC have Grant’s track record?
41:42 Cardone Capital removes the 15% references
44:46 “The SEC made a mistake”
51:31 The time traveler question
55:07 96 months of investor distributions
56:54 $22 million sent to investors
59:51 The reported Fund 5 and Fund 6 IRRs
1:03:07 Who audited the IRR calculations?
1:06:57 How the 65/35 split works
1:10:31 “People call me Robin Hood”
1:12:32 Will Grant give up his 35%?
1:12:59 “I’m going to take my promote”
1:15:24 Why IRR requires an exit or refinance
1:16:50 “We’re still pregnant with the asset”
1:21:15 Independent property appraisals
1:26:49 How Cardone Capital uses non-recourse debt
1:34:39 Five year interest-only mortgages
#GrantCardone #CardoneCapital #RealEstateInvesting #deposition
Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
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Worst deposition attorney 🙄😒😑
This is the best free marketing ever for Grant 😂 like a boss!
Grant didn’t prove anything
@Tom10183he doesn’t have to it’s a disposition and he’s defendant. Get educated partner. While ur at it try to make money instead of hating.
Keep going Grant ❤️
Damn! Uncle G got caught up in some bull. You gonna beat the rap, in fact, you already won!
This is insanely interesting
“It was very responsive” gotta be my favorite line 😂
Grant im ready to invest in your fund whats the minimum entry?
Shes asking questions for her personal knowledge LOL
Morgan will be on a boat with Uncle G when this all over.
homie’s a badass
Haha! Maybe he did or didn’t….. but watching this makes me like him. 😂
Honestly, I’m not a huge fan of Grant, but this is 10/10. Fair play, Grant.
Thanks! Hello Grant, package this up offer this as another master class because it was a great viewing.
We’re all going to the south of France on cardones yacht when this is over 💪
Phenomenal legal sparring and argument ❤
Always Always Always Agree First
High capability to stay calm in threat presence!! Bravo Mr Cardone!!!!
Good guys are in was legendary 😂
G and Morgan tanning together in the south of france!! 😂😂😂😂
Grant Cardone is helping so many people and I want to thank him. Thank you Grant Cardone.