Business Breakdown: Grant Cardone on Bitcoin and Real Estate

The latest episode of the “Business Breakdown with Brian Bandell” podcast featured none other than financial influencer Grant Cardone, the CEO of Aventura-based Cardone Capital. In this engaging discussion, Cardone unveiled a significant aspect of his investment strategy that intertwines bitcoin and real estate. This episode is a must-listen for anyone interested in innovative investment strategies and the future of finance.

Inspired by Possibility

Cardone kicked off the conversation by expressing his ongoing desire for growth, despite his impressive financial achievements. He recounted a recent visit to Bank of America, where he reflected on his journey and the importance of continually striving for more. Cardone emphasized that he remains open to new opportunities and is committed to growing his wealth beyond its current state. His mindset serves as an inspiration for aspiring investors, highlighting that success is not just about reaching a financial milestone but about the relentless pursuit of improvement.

Taking His Company Public

One of the most intriguing points Cardone made was his ambition to take Cardone Capital public. He revealed plans to allocate approximately $100 million in bitcoin for investors, a move he believes will help secure significant deals, including a $230 million bid for an apartment building in Boca Raton, Florida. This strategy not only showcases Cardone’s innovative approach but also signals a shift in how traditional real estate investments can incorporate cryptocurrency.

Disrupting Real Estate

Cardone’s vision extends beyond mere investment; he aims to “disrupt real estate as we know it.” Currently, he boasts a robust network of 20,000 investors who support his real estate ventures, which primarily focus on apartments and condos. With over $1.6 billion raised to finance these properties, Cardone is positioning himself at the forefront of a transformative wave in real estate investment.

He pointed out a significant barrier for institutional investors—pension funds, charities, and governments cannot directly purchase bitcoin. However, Cardone sees an opportunity: “The moment I have a real estate fund that has bitcoin on its reserve, they can invest with me,” he explained. This dual exposure to both real estate and cryptocurrency could open new avenues for institutional investment.

Can You Use Cryptocurrency to Buy Real Estate?

The question of whether cryptocurrency can be used to purchase real estate is increasingly relevant. The short answer is “yes, but…” According to Zillow, it is indeed possible to buy property using cryptocurrency, either by converting it into cash or transferring crypto directly to the seller. Additionally, buyers can use crypto as collateral for a mortgage or even purchase a home using an NFT.

However, challenges remain. Many sellers are still hesitant to accept cryptocurrency as payment, and the regulatory landscape surrounding digital currencies can be complex. Moreover, the potential for hefty capital gains taxes and the volatility of cryptocurrencies make them a risky choice for real estate transactions. For those considering blending real estate with crypto, Cardone’s approach serves as a cautionary tale: proceed with extreme caution.

Conclusion

Grant Cardone’s appearance on the “Business Breakdown” podcast offers valuable insights into the evolving landscape of investment strategies. His innovative approach to combining bitcoin with real estate not only reflects a forward-thinking mindset but also challenges traditional investment norms. As the financial world continues to evolve, Cardone’s strategies may pave the way for new opportunities and inspire others to think outside the box.

For those eager to dive deeper into Cardone’s insights and strategies, the full podcast episode is available here.

Stay tuned for more updates and insights from the world of finance and investment!