Episode 031: Jack Aduwo-Quitting His W-2 Job Thanks To Passive Income From Apartments

Retiring from His W-2 Job to do real estate full time!

In the US for 20 years, from Kenya.

Dad passed away young, raised by single mom and village.

2001-came to US for college-computer  

Started buying single family houses in Boise.

The power of in-person conferences-Jack met his one of his partners at Michael Blank’s Deal Maker Live event

-ended up closing 3 deals (about 500 doors) with that partner!

Owns in AZ and TX

Jack is a General Partner / Sponsor for 950+ apartment units, and an equity partner in an additional 400+ units.

Wants to expand into FL and GA (would do smaller deals in SLC or Boise)

Team Sport-whatever you need to get a deal done is available in a partner!

Jack uses Dugan Kelley for his syndication attorney (https://kelleyclarkelaw.com/about/dugan-kelley/)

Jack uses CityGate for Property Management (https://citygatepropertygroup.com/en/)

Building relationships with the brokers.

“Deal First Approach”-Finding the deals is what’s most important right now-find a deal and take it to a team and take it down.

Do a deal with Jack! Deal Criteria:

1980’s built or newer

150 units (preferably 200) or more

May change criteria to 1990’s or newer.

The better/nicer the asset class, the lower the risk (and the lower the returns)

SE Markets Florida and Georgia

Connect with Jack! www.kendubayproperties.com

Schedule a meeting with Jack: https://kendubayproperties.com/index.php/contact

Cell phone: 818-635-4289

“Give in abundance and you’ll get in abundance”

Books: NOT going to talk about “Rich Dad, Poor Dad”

ABC’s of Multifamily Investing by Ken McElroy

Audiobooks-catch up on books and podcasts on road trips!

“Think and Grow Rich” by Napoleon Hill

Wants to squeeze the next 5 years into 2 years: 5,000 units (at 1,500)

Wants to diversify into international properties (South America).

Family time-is a HUGE part of his “Big Why”