The Promote Podcast Mormon Money & Cardone Waterfalls
Sep 3, 2025
Dive into the Mormon Church's savvy real estate strategies that built an impressive property portfolio. Discover Grant Cardone's ambitious plan to rescue a rental property with a Bitcoin twist. The conversation also highlights the tension between retail and institutional investors in real estate markets, showcasing the growing influence of individual investors. Plus, explore how the principles of tithing enhance the financial success of the Church's investment arm. It's a mix of finance, faith, and unexpected investment insights!
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Cardone’s Boca Stalking-Horse Win
- Grant Cardone won a bankrupt 366-unit Boca rental by acting as a stalking horse and posting a large deposit to close quickly.
- He restructured ownership to hold 92% and planned to syndicate the deal to his retail investor base.
Bitcoin As A Deal Sweetener
- Cardone included $100M of Bitcoin in the reorganized JV as an asset alongside the multifamily property.
- He structured a call option that funnels potential BTC upside to himself while investors pay fees on the exposure.
Don’t Pay For Packaged Crypto Risk
- Be skeptical when sponsors bundle unrelated, volatile assets into real estate offerings and charge AUM fees for them.
- Prefer direct exposure to risky assets rather than paying a sponsor to package that exposure into your real estate investment.