Jonathan Cronin walks through how he turned a 44-unit apartment complex into a $1.2 million profit in 15 months without using his own cash. The strategy shows how small investors can use property deals to build wealth.
Questions this video answers
$2.41 million
About $2.66 million
$500,000
10% preferred return
$3.83 million
We just turned this 44 unit apartment complex into a 1.2 million dollar profit within 15 months. And guess what? We use zero of our own cash. Let's break it down. How anyone can do this deal. Regardless of experience, cash or knowledge. We purchased this 44 unit apartment complex for $2.41 million with an all in cost of about 2.66 million. After renovations, we brought in a limited partner, a capital partner who invested $500,000 earning a 10% preferred return. Completely passive. After 15 months of purchase, the property was refinanced at an appraised value of 3.83 million, creating about $1.2 million in equity. And here's the kicker. We have a limited partner that owns 10% ownership, meaning we own 90% without spending any of our own cash. Now I'll add, if you do the math, it was a no brainer for the limited partner as well. But if you want to learn how to find, fund and manage properties just like this, even as a small investor, check out our training. Click the link below. And if you want to do these things time and time again and scale to create generational wealth, check out our training. Check out the link below. Click it. We'll see you there.
