Multifamily investor with 25 years of experience. Full time investor for the past 16 years.
Address: The Hive at 1015 / 1015 21st St / Denver, CO 80205
Number of Units: 6
Value Add Deal? Yes
Purchase Price: $4,100,000
Estimated monthly increase projected? $1,200
Anticipated value after value add: $4,800,000
Estimated Cash on Cash Return: 20%
Estimated Internal Rate of Return: 20%
Awesome! It’s like McDonald’s . . . “I’m lovin’ it!”
A (residential) broker sent it to me
Local bank (Solara)
JV
I funded it myself – had $2 million sitting with a 1031 intermediary
Zoning. The city wanted us to install elevators in each unit to do short term rentals. We hired an architect and he walked us through the waiver process.
Banks can blow past the DSCR requirement if the LTV is low enough
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.