Jonathan Cronin says what if you could replace your entire income with just one real estate deal?
And you’d only hafta work three to five hours per week. And you could do it in 14 months or less. No cash or credit needed.
I’m a jumpy first grader lined up to go to lunch, Jonathan, tell me more.
Most real estate investors, he says, think too small. This causes ’em to take the wrong approach.
They end up wasting their time, draining their savings, hardly ever doing a deal. If they do, it doesn’t amount to much.
The solution?
Buy large scale apartments using syndications and creative financing, Jonathan says.
To do this, you’ll need to create streams of off-market deal flow… so you can have your pick of the litter.
Then leverage other people’s money, credit, and time to take it down.
That’s what Jonathan and his business partner, Larry Kite, did to 10x their income in about a year’s time.
For example, they bought a 95-unit apartment complex in Macon, Georgia for $4.3 million. After closing costs and improvements, they were all-in for about $5 million… which they got full funding for.
Three years later, that same building is worth roughly $7.4 million.
Of course, their limited partners earn a 10% preferred return (paid quarterly), plus they get 16.5% of the equity.
But still. Not too shabby.
Jonathan’s a minister who loves seeing Christians maximize their impact and income through apartment syndication.
Larry Kite’s the CEO of River South Properties, an REI company that’s transitioning from single family flips to commercial assets. They’re approaching $30 million AUM.
There’s a huge demand for apartments in the U.S., Larry says.
In fact, the National Multifamily Housing Association estimates we need 4.3 million additional units by 2035 to address demand, deficit, and affordability.
While new construction struggles to keep up, this creates a massive opportunity for bringing older apartments up to higher rent standards.
Plus, with apartments:
- There’s so much more potential.
- You can rapidly grow your net worth.
- They’re professionally managed, so no middle-of-the-night calls.
- You don’t need to come out of pocket at all.
- And there’s less risk since occupancy is higher than with single family.
Anyone else feel like a wet piece of clay… being spun on a wheel and shaped into a believer?
Let’s talk money though.
How do you get paid on these kinda deals? Especially when it seems like you’re not bringing much to the table, right?
What’s cool about apartment syndication, Larry says, is there’s a lotta ways to slice up the pie. There’s so many different ways to contribute – and earn yourself a delicious sliver of equity.
For example, you could:
- Find the deal and take 5% equity.
- Sponsor the loan for 20% equity.
- Be an onsite partner for 10% equity.
- Be in charge of raising the capital for 10% equity.
- Manage the capital for 5% equity.
- Be a limited (passive) partner (if you do have money to invest) for 20% equity.
- Be a project manager (overseeing value add, construction, etc.) for 10% equity.
- Be in charge of asset management (managing the manager, basically) for 15% eqity.
- Or any combination of the above.
Okay, but how do ya do this in a down market?
Simple, Jonathan says. Get cheaper money and learn creative financing strategies.
They’ll cover all that and much more inside their REI Accelerator Mastermind.
“We literally give everybody every single tool, resource, and the network needed to immediately jump into apartments and guarantee 12 to 14 months from now you can replace your income,” Jonathan pitches.
“And you can do this passively,” he adds, “and create a life of purpose, fun, and impact.”
“Apply to Kingdom Accelerator today.”
Cost is apparently $9,800 plus whatever you pay your cold callers and virtual assistant.
On that note, I’m out.
I can spend $9.80 on a domain… and keep 100% of what my website generates.