I served 12 years in the U.S. Army with a focus on economic development, civil infrastructure, and crime reduction in Central and South America. This background translated fairly well for entering the multifamily industry. I now work full-time in real estate as an Asset Manager and General Partner.
Address: Fountain Terrace
Number of Units: 57
Value Add Deal? Yes
Purchase Price: $8,260,000
Estimated monthly increase projected? $300-350/unit
Anticipated value after value add: $12.2mm
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 18%
Great program for both experienced investors and new investors alike. Very well-rounded program with great networking opportunities.
Broker Relationship.
5.6% 10 year term, 30 year amortized, IO 12 months
Syndication.
Investor Network between our GP team.
$3,100,000
Close in under 60 days and raise $3.1mm the week before Christmas. Close in under 60 days and raise $3.1mm the week before Christmas.
Raising capital around Christmas proved to be less than ideal. Raising capital is a constant and does not only apply when you have a deal under contract.
* 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.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
242 S. Washington Blvd Suite 319 Sarasota, FL 34236
+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
