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What is Cardone Capital and is it available in Canada?

This US-based company makes it easy to invest in real estate without REITs or stocks. But can you buy in from Canada?

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Please note: All information about Cardone Capital has been collected independently by Finder. This product is not available through this site.

Is Cardone Capital open to Canadian investors?

Cardone Capital accepts investors from outside the United States as long as they have the following:

  1. A US taxpayer ID number (TIN). For most people, this is their Social Security number (SSN), which is only issued to people who live and/or work in the US. You can get a taxpayer ID number if you’re a US employer or engage in US business. Cardone Capital does not accept Individual Taxpayer Identification Numbers (ITINs).
  2. A US bank account. It may be possible to open a US bank account without actually living in the US, but most banks will require you to have a US residential address.

Canadians living in the US may be able to meet these requirements. But it’ll be much harder if you reside in Canada.

Who is Cardone Capital best for?

Cardone Capital is best for the following investors:

  • Real estate investors. Appealing to those who want to invest in multifamily units and receive monthly payouts.
  • Accredited investors. Offerings for non-accredited investors are few and far between.
  • Experienced investors. Long holding terms and high investment minimums mean this is best for experienced investors. Beginner investors may want to look into user-friendly trading platforms in Canada like Wealthsimple or robo-advisors like Justwealth.

What are the benefits of Cardone Capital?

You’ll receive monthly payments as Cardone Capital collects rent from tenants, along with the following perks:

  • Multifamily investments only. Your money is invested into multifamily apartment complexes and condos.
  • Tax benefits. Because you invest in real estate instead of REITs or stocks, you can write depreciation off on your taxes.

What to watch out for

Some potential drawbacks of investing with Cardone Capital include:

  • New company. Cardone Capital has only been around since 2017, so there isn’t much information about it.
  • Illiquid. Real estate investments are highly illiquid and there’s a 10-year holding term, making it less convenient than a REIT or stock investment.
  • Hidden fees. Cardone Capital charges a 1% annual fee, plus a 1% acquisition fee and a 1% disposition fee — something that’s not clearly advertised on their site. We had to call to find out what those fees were.
  • Investment minimum. As of the time of writing, Cardone’s minimum investment amount is $5,000, which is higher than some of its competitors. If you don’t have that kind of money to invest, compare other options and consider investing in a real estate investment trust (REIT) instead.

Investing in real estate stocks

Cardone Capital reviews and complaints

Cardone Capital was founded in 2017 by Grant Cardone. As of January, 2021, Cardone Capital doesn’t have any reviews on TrustPilot or the BBB. The company has around 2,000 Google reviews with excellent ratings.

Many reviews praise Grant’s teaching style and his positive investing mindset, claiming he’s “amazing.” Those same reviews talk about the monthly cheques they’ve received from Cardone Capital since investing in the program.

How do I get started?

Set up your Cardone Capital account in 5 steps:

  1. Go to the Cardone Capital website and click Invest.
  2. Enter your name, email and password. Click Sign Up.
  3. Once your account is approved, click Access Investor Portal and begin reviewing Cardone Capital’s current offerings.
  4. Once you find an offering you want to invest in, click Invest Now.
  5. Submit an offer, sign your closing documents, show proof of accreditation, if needed, and follow your funding instructions.

Eligibility

You must meet the following requirements to invest with Cardone Capital:

  • At least 18 years old
  • Minimum $5,000 deposit (as of the time of writing)
  • US or international resident
  • US bank account
  • US taxpayer identification number (TIN)
  • Accredited investor (for specific investments)

Required information

Have the following information on hand when opening your account:

  • US Social Security number (SSN)
  • Physical address
  • Government-issued ID number

If you’re an accredited investor, have this additional information on hand:

  • W-2s
  • Tax returns
  • Investment account statements
  • A third-party confirmation from an accountant or broker

I’ve signed up with Cardone Capital. Now what?

Once you’ve signed up with Cardone Capital, make the most of it by:

  • Getting your questions answered. Schedule a 5-minute investment call with a representative.
  • Finding an investment to fund. Search the site’s current offerings until you find an investment you want to fund. New investments are added to the site as they become available.
  • Exploring the blog. Cardone Capital has tons of resources on its website covering equity funds, financing, real estate investments and general investing.

Cardone Capital customer service

Cardone Capital customer service can be contacted by phone, text, online contact form or by emailing invest@cardonecapital.com.

Compare online investment platforms in Canada

There are many ways to invest in real estate including funds, stocks, ETFs and REITs. Get exposure to the real estate sector and other markets with these popular online trading platforms. Check out our reviews of each to learn more.

Name Product Available asset types Stock Fee Option Fee Account Fee ETF Transaction Cost
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get a $25 bonus when you open a Wealthsimple Trade account and deposit and trade at least $100.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0 (if monthly commissions are greater than or equal to US$10.00)
Min. $1.00, Max. 0.5% of trade value
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Qtrade Investor
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, else $25/quarter
$0 - $8.75
Qtrade Investor offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Scotia iTRADE
Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
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Compare up to 4 providers

Bottom line

If you’re an experienced investor looking to invest in real estate instead of REITs or stock, Capital Cardone may be a good fit. But if you want to trade with a company that has more options for non-accredited investors, explore other ways to invest in real estate before you decide.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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