Jonathan Cronin argues 401(k)s and IRAs won't build real retirement wealth, offering low returns instead. He promotes multifamily real estate as the alternative, claiming his program delivers 18-22% annualized returns within two years, triple what traditional accounts typically offer.
So your 401, IRA, all the other things people are doing to supposedly build retirement-worthy money is just, my opinion, a lie. I don't think it's going to return much. People come to me because they don't have enough to really retire. If you don't have at least a few million dollars, you're going to be struggling whenever you're planning on retiring. I don't think that makes a whole lot of sense because your opportunity vehicle is so limited in your trap. Real estate is obviously something that you learn how to invest in larger deals. You're going to come out way faster, way safer even than a 401. The opportunity in multifamily or apartments, the ability to force appreciate, to invest in something that's a hard asset, that's in a good market, that's a, a good property. You're going to come out better. We typically give investors 18 to 22% annualized returns within 2 years. We're typically able to triple what they would be getting in the 401k or IRA.
NEVER Buy an Apartment Building Without Checking These 5 Things (I'm a Real Estate Attorney)
