Passive Wealth Through Apartment Investing

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Justin Elliott - Founder

Justin graduated from Miami University with a degree in Finance. After college Justin spent 10 years working for a Fortune 500 service company where he became a General Manager with complete responsibility for growth and profit in Maple Grove, Minnesota. Since then Justin has been a top rep selling Medical Devices and has started two successful sports marketing companies.

Justin began investing in multifamily in 2016. In his first two deals Justin was able to increase the value of his assets by 40% providing a great transition into real estate. Today Justin focuses on real estate syndication finding high yield passive deals for people looking to diversify from typical Wall Street Investments.

3 Reasons to Invest in a Real Estate Syndication

We invest in multifamily real estate in specific markets that show growth in jobs and population. Webelieve in the power of real estate to help create financial freedom and the mission is to help others retire earlier! Here are some of the benefits to considering a passive investment with Elliott Multifamily:

  • Passive Investment - When I first started out in real estate investing in 2016 I thought that I was going to create passive cash flow. I began investing in 2 and 3 unit homes. I soon found out there was nothing passive about these investments. I had to deal with maintenance issues, evictions and leasing the units. Luckily I enjoy the work but it’s not for everyone. Conversely a real estate syndication is as passive of an investment as one can have. An investor will need to do their research on the front end and there will be some extra forms come tax season but other than that this really is a passive way to use your money and watch the checks come into the bank account quarterly!

  • Tax Benefits - Why is the “smart” money investing in real estate? Because of depreciation. The property you are investing in with a syndication will show a loss for tax purposes even though you are getting a distribution. This means you aren’t taxed on that $5, $10, $20k that you are making every year and you can reinvest that money or take the family on a nice vacation.

  • Forced Appreciation - This is the single reason why I am all in on real estate. The ability to buy right and make specific changes to the property that I know will make that building worth more money. You can’t do that on Wall Street. Ordinary people can’t buy some stock and go in and make some management changes then sell the stock at a higher price. You can do that with real estate. My first two properties that I bought I increased the value of them by an average of 40%. My net worth saw a bigger increase in that short time period than it had in the years prior. That’s when I was hooked. Today, Elliott Multifamily buys commercial real estate with upside potential. After purchase we make sure rents are at market price, we create efficiencies to lower expenses, we get the right management in place to make sure tenants are happy. All of this increases the value of the property.

A Typical Investment Minimum Standard

 
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8-10% Cash on Cash

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12% Annual Return

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15% Internal Rate of Return

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Find out more about how to make great passive real estate investment returns

Justin@ElliottMultifamily.com

Minneapolis, MN