This content was created by Jonathan Cronin. This content was uploaded by Jonathan Cronin. This is a YouTube video titled "How We Turned $4.3M into $7.3M in 15 Months | Real Estate Success Story" created in December 2024. It features a single speaker sharing a detailed real estate investment success story about purchasing and improving a 96-unit apartment complex, explaining strategies for structuring syndication deals, finding off-market properties, and networking to scale real estate investments efficiently. The speaker also promotes a free training for faith-based investors interested in similar deals.
What's up guys? Right behind me is a 96 unit apartment complex that we purchased for $4.3 million. And then 15 months later it's under contract for $7.3 million. We only put about $373,000 in improvement costs and capex in it. So we're talking about an increase of $2.6 million in created added equity in 15 months. A lot of people ask us how do you get into deals like this? And I'll say this, the first time I ever saw something like this, I was partnering with my partner Larry on a another business venture. And I'm in single family, I'm doing Airbnb, I'm doing all kind of stuff, single family rentals and I'm doing great. I've replaced my income all within like two years. And then I'm watching him do these types of deals and in 15 months be able to do a million $2 million on not just this one, but six, several. And people come to and so I asked him, I said, what am I doing wrong? I'm in the wrong vehicle, right? I had this epiphany, I'm in the wrong vehicle. How are you doing these deals? How can I get into these deals as well? And if you are in real estate or you've been in real estate at all, you've had any kind of experience, I promise you you can do these deals as well. And I want to talk to you about it. And we created our YouTube channel and our platform to help people get into it, especially faith based investors. But whoever you are, if you are looking to up level your real estate game to get into bigger deals, if you want to go quicker, because here's the big deal guys, this is way more time efficient than for you to spend your time in single family smaller deals. The time it takes and the money, the risk involved to be able to do single family, to be able to replace your income through single family is going to be 10 times more than the time and energy and effort required to do a deal like this. So you may say, man, that looks complicated. It's a lot bigger, there's more paperwork. Due diligence alone is around 90 days typically sometimes we get an extension for a little longer. So it is, it's a lot more complicated. But it's just one deal compared to several single family homes, right? 5, 10, 15 single family homes to actually replace your income and see significant income increase. So here's three keys guys you need to know. One, you need to structure these things correctly, okay? Well, first off, you need to go find them, and I'll talk about that in a second. But big deal number one, you need to structure these things correctly. If you don't know what I'm talking about, typically what we do is we actually flip the syndication model. Okay? So a typical syndication, 70, 30 split with limited partners. And that syndication, if you don't know what that is, it's just a pool of money. We don't put any of our own cash out of our own pocket for this deal. We pool money together with people looking to make good returns, and we allow them to put the down payment up for this deal. So they put the down payment, we get the financing from the bank and we give them typically between 10 and 30% ownership of the deal. Okay? So then 15 months later, when we're refinancing or we're selling, which typically I lean towards the hold, buy and hold, so just refinance. They own 30% of the proceeds from that, they get that increase, right? And then the preferred returns, okay, so they have 10 to 30% equity, plus they get about 8 to 10. This particular deal is about 8 and a half percent preferred returns. Okay? Sometimes you may need to be 10, 12%, right? But day one, out of cash flow, they get preferred returns, or even out of the equity in the deal or out of the money that's brought to the table, they immediately get 8 to 10% preferred returns on their money that they have in play. Okay? So that's, number one, structure the deal correctly. Number two, you need to be going off market, guys. You got to get off market. You got to be putting in the reps. You don't just get into these deals like you do single family. There's less inventory on the market for deals like this. Okay? The inventory is much greater in single family homes. So you're going to be a lot faster getting into single family homes. So you need to understand all that time you would be spending getting your first deal in single family. It may take, you know, three, six months before you're able to find a deal like this. So that's number two. Get off market, go to brokers, go to dealfire, list source brokers, all these different things. There's tons of ways to find them. Number three, you need to level up your network. Whoever you're in the room with, whoever you're spending most of your time with every single day, that is your network and that is your net worth. That's how much money you're going to be bringing to the table. Hope that helps. Look forward to if you want to get into deals like this, you need to click the link below. Would love to help you. Would love to get into deals if you're a faith based investor. Would love to see you in there. In fact I'm going to drop a link for a free training just breaking down deals like this where you can see exactly how to do a deal just like this. All right. God bless you.
