$3 MILLION in 16 months with $0 through real estate

Jonathan Cronin and Larry present the REI Accelerator Mastermind, a 12-month program teaching real estate investors to raise $3 million in 16 months with no personal cash by using partnerships and creative financing. Two case studies show how investors made 5x returns through multifamily syndications, with a money-back guarantee if members don't hit that target in year one.
Questions this video answers
15 people.
Start date: September 6 (year of video); enrollments end: August 29.
A 5x guarantee: if members follow the program and don't 5x their investment in the first year, they will receive a full refund.
Purchase price: $2.41 million; all-in cost (including capex): $2.615 million; loan amount: $2.1 million; limited partner investment: $500,000 with 10% preferred return and 10% equity; appraised value 15 months later: $3.83 million.
New loan amount: $2.489 million; refinance proceeds: $389,000; net cash flow: $90,000–$100,000 annually.
Hey everyone, it's Jonathan and Larry. We are so excited to announce and introduce to you the REI accelerator Mastermind. Let's dive in. So REI Accelerated Mastermind helps you start or scale real estate portfolios through large multi family syndications and real estate funds with little to no money out of pocket so you can skyrocket your income, impact and freedom. So this is ran by me, my wife Jessica and my partner Larry. Larry can explain why he's here.
Yeah, Jonathan brought me in to partner on this mastermind. I, I assume based on my real estate experience and what I've done, I run a house flipping, buy, sell business. We get about five to 10 contracts a week here locally and assign or either fix and flip those properties. Also invest, investing in commercial property. We have about 30 million assets under management, currently have partners under contract to buy apartments, under contract to sell and looking forward to scaling that more here in the next 12 months along with this group.
So this is a mastermind that focuses exclusively on helping real estate investors scale their passive income, their portfolio with no cash out of pocket. Okay, you can be in it if you have cash, but it's also for those who want to be general partners and maybe come to the table with experience rather than just cash. But there's also going to be a lot of limited partners if you, if that's you, you're totally welcome as well. And maybe you've been in real estate for a while or maybe you have are new and upcoming. This is for you. So using multifamily syndications and creative financing, so partnering together, like I mentioned, to buy apartments and using whatever works best in terms of financing to get the deal underway. All right, so next thing is we will walk you through finding off market deals, funding those deals, raising private funds and closing big deals. It'll bring together other real estate investors ready to help you and partner with you, whether on your deals or each other's deals. That's the point of a mastermind is coming together to help each other. Maybe it's something you found, maybe it's something somebody else, but it benefits the whole and it shows you how to find and structure the deals so good that investors beat down the door to get in your deal. And trust me from talking to people already joining in this thing, investors are beating down the door. They're ready to jump in deals. So, and of course that'll eliminate high marketing costs. It will help you get your loan sponsored if you get denied from the bank. It gives you automated operating systems that frees you from working in your business so you can start working on and ultimately above your business and where everyone is aligned towards the same goal. Impact Profit and Family is ran by leaders who have extensive experience in multiplying profits in diverse businesses and industries and growing large real estate portfolios. So Larry and I are actually partners in a whole nother separate industry on a, on a business that is also extremely profitable and we've actually been able to double sales within just a few months of taking it over. So it's also, it gives you direct access to everyone needed to create highly successful real estate syndications like attorneys, brokers, investors, lenders, admin, VAs, et cetera. All right, so here's how it works. The basically the directions for this whole mastermind is simply it is a 12 month membership and it gives you a six week training module for this beta. It'll be live, it'll be basically delivered week by week for the first six weeks to just get you rolling, get you started. But the six week training will then be recorded and be available throughout the 12 months. And then like I said, it's a year of collaborations with each other. There will be events, there will be one on one accountability and high level support from people from every side that you need doing these deals. So Larry's going to be providing the content for the weeks and providing his systems that he uses on his team to create off market deals and make this thing actually passive and extremely scalable.
Yep. So we got this thing split into six weeks as you see here. And we're not just trying, we're not wanting to just teach theory, we're wanting to show, you know, real world actual deals, how we do it. And hopefully we'll be working on deals, you know, in the group and going through actual case studies. We're going to cover marketing and finding the deals. That's the key thing. Now if you can find a good deal, you know, the rest of it sort of seems easy. So we're going to go over underwriting and making sure it is a deal and making the offers, getting it under contract. Then week three, figuring out how to fund it, obtain funding, raising funds, debt, whatever you need. Week four, that rolls into financing the deals, getting the debt. Week five, the operations, basically getting the property renovated, the value add, property management, cash flow and then week six, scalable operating and marketing systems so that you can grow this, grow your business, grow your portfolio.
Well. So key deliverables are collaboration with high level real estate investors, basically an extension of your advisory team and continue to support six week step by step training every system needed to find and secure multifamily deals. Set up your syndication properly, manage the deals on autopilot and scale. There's going to be a 21 hour weekly collaboration calls and as needed. And again, this is not about giving a bunch of content. So if you're wanting to binge watch a bunch of content, this is not the place. This is about putting action, actually going out, finding deals, acquiring those deals, managing them on autopilot and doing that again so that you can create actual wealth and not another job. And so quarterly one on ones or as needed virtual in person events. Those are to be announced, trains your COO or key player. So if there's somebody on your team you want to put in this mastermind, that's fine as well, community help, sponsor loans if, if you need different things along those lines. So templated PPM and LPA docs, it normally costs around 20k. Hopefully we can just give you something that only needs minor tweaks that you go to attorney and have them tweak and then underwriting and deal analysis, spreadsheets, scalable operating systems, direct access to everyone needed. All right, so the beta, this, this first group, the cap is 15 people. Okay. We have just launched it. Our wait list is very long. We probably have around 30 people on there. And then we also already have several that are in the program already. So that number is going to be reached pretty quickly. So I would basically go and apply. Schedule a call with us as soon as you possibly can. The start date will be September 6th this year and enrollments will end August 29th. So we won't be taken any more after August 29th. So go in, schedule your appointment. There's also, I want to just make Note there's a 5x guarantee that we have an uncompromisable belief that every person in this mastermind should at least 5x your investment in the first year or it wasn't worth your time, nor our time. Okay. So if you do exactly what the teachings and collaborations suggest and don't 5x your investment, we will give a full refund. Okay, so just going to show you a few case studies that will give you an idea of what it looks like and who has worked for.
All right, I'll run through this real quick. So yeah, this is Cove apartments we purchased December 2019 for 2.41 million. I had some closing cost and then capex improvement cost of 180,000. So we had an all in cost of 2.615 million and obtained a loan, local bank financing of 2.1 million. So South Point Capital is my company, acting as general partner. We found the deal, negotiated the deal, guaranteed the bank loan, operated the property, the value add plan, obtained a refinance loan and then we're handling the ongoing asset management. In this case, we're actually handling the property management as well because it's a local property and we retained 90% ownership. We had one limited partner on this deal. They invested $500,000. They earned a preferred return of 10% with equity in the property, ownership in the property of 10% that they retained until, in perpetuity, until the property sold. They're completely passive. They weren't required to sign any of the loan documents. So they earned a 10% return while, while they're on any of their own return capital. So the goal is to return their initial capital investment of 500,000, but then they keep the 10% equity in the, in the property. So 15 months after purchase, the property was refinanced, had an appraised value of $3.83 million. So that's 1.215 million in equity created in that 15 months. So the new loan amount was 2.489 million, providing refinance proceeds of 389,000. And with a net cash flow of 90 to $100,000 annually. And that was March of 21, the property today is worth easily 4.5 million, so almost double. The limited partner did not get all of their capital back with refinance because there were some reserves that were required to be held due to the type loan. But they continue to get 10% preferred return on the, on the amount of capital that they still have out. And they will be paid back all of their capital in an 18 month time period after that refinance out of those reserves and the, in the cash flow of the property. So they will continue to earn 10% of the depreciation on the property. The appreciation and the cash flow, which is again 10% of that is about 10,000 per year. If we sold the property today, they would have an equity share, they would get about $200,000. And since they have, they'll have all their capital back. Their, their return is really infinite because they continue their money, they can take that money, put in it, put it into another deal. So we have another one here. Westbrook Apartments, 95 unit apartment complex, was acquired at 68% occupancy in June 21st for a purchase price of 4.36 million with a capex improvement budget of 373,000. Acquisition cost of 207,000 for a total all in cost of 4.94 million. Again, local, you know, regional bank loan on that property of 3.84 million. So that required equity of 1.1 million from the limited partners. That property is currently under contract to sell for 7.37 million. So that is equity of 2.4 million created on that property in, you know, about 15 months. 14, 15 months. Same same responsibilities of the general partner. South Point Capital is the other one. And limited partners on this deal for the 1.1 million also paid 10% preferred return for a 16.5% ownership interest in the property. So in 15 months they would have been paid $137,500 preferred return, which is the 10%. And when the property sales with the proceeds of the property after the loan's paid off, the 16.5% share of the equity is $376,200. So that's whatever that math is. Over 500,000 over on a 1.1 investment provides about a 37% annualized return on that deal.
So one one case study of no money in being able to cash flow 90 to 100,000 a year and 1 37% annualized return. So there's awesome potential here. The possibilities in apartments are pretty phenomenal. So if you want to be a part of this, we just explained how it all works. And if you are wanting to join, like I said, we have 15 slots. Half about is gone and we're going to be opening it up to more people. So all you have to do is go on. There should be a button below this video or somewhere around it. Just go in, fill out the application and schedule an appointment with us. And we'd love to talk with you. All right, we look forward to seeing you there. Bye.
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