Grant Cardone's answers about the fees he charges investors do not match, which is bad news for anyone putting money into his real estate funds.

• In a public interview he described taking a 1% fee when he refinances a property and hands investors back their money.
• That fee would come on top of the roughly 35% cut of profits he already takes.
• Asked the same question under oath in a legal deposition, he said he was not sure whether he takes a refinancing fee at all.
• The gap matters because refinancing fees quietly reduce what investors get back, even when a deal looks like a win.

Outlook: Expect more scrutiny of how Cardone's funds charge fees, and pressure on him to explain the mismatch.