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S2-Jon De Los Reyes: Team + Retirement Money=Growth!

Name: S2-Jon De Los Reyes: Team + Retirement Money=Growth!
Uploaded: 2023-02-28T19:00:20+00:00
Duration: 47 s
Channel: Ginny Bolling
Description: Jon De Los Reyes explains how passive investors can fund apartment deals using retirement accounts like 401(k)s without large upfront capital. He walks…

28 Feb 2023 · 1 min

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0:47

Jon De Los Reyes explains how passive investors can fund apartment deals using retirement accounts like 401(k)s without large upfront capital. He walks through three questions he asked before investing: capital requirements, whether a 401(k) could be used, and if he could live in one of the units.

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You have the team that's managing the property. You have the passive team. You work together to acquire this asset and then split the profits at the end. And I thought that I needed half a million or a million dollars to be a part owner of an apartment building. I thought it was outside of my grasp. But when I looked into it more, I fell in love with it. And the first three questions that I asked like, okay, so can I use my 401k to invest? So absolutely, because I don't have a lot of cash sitting in the background. Can I use my 401? Yes, absolutely. Second is like, are you sure that I don't need half a million dollars to be a part owner? He's absolutely. And are you also saying that I can stay in one of the units there and live for free.