Jonathan Cronin compares building wealth through real estate: you'd need 20 single-family homes to hit $107k annual income, or one 45-unit apartment complex costing $2.4 million. His recent deal generates $254k yearly cash flow after paying investors and the mortgage.
So the average American today needs about $107,000 to comfortably live. To make $107,000, you need 20 of these single-family homes to actually achieve that. That's 20 different deals. That's 20 different locations. That's 20 different closings. That's 20 different times that you're finding a good deal. What if instead of doing 20 single-family homes or 20 units separately, you could do one deal, 40 units, right? This deal right here is a 45-unit apartment deal that we bought recently, and it was $2.4 million. We put $500,000 down. We raised the capital. All you need to figure out is how do I now go from funding it myself to raising the capital from investors? So let's break down the numbers. All right. So this deal, after debts paid, after investors pay, our cash flow that we're actually putting in our pocket is $254,000 per year.
NEVER Buy an Apartment Building Without Checking These 5 Things (I'm a Real Estate Attorney)
