Aaron brings 30 years of experience in healthcare business development and a year in property management to his multifamily investing journey. Transitioning into real estate, Aaron leveraged his business acumen and passion for value-add strategies to acquire and improve a 53-unit property. As a dedicated member of Rod Khleif’s Warrior Coaching Program, he utilized mentorship and a strong network to successfully syndicate and manage his deal, moving closer to his financial freedom goals.
Location: Lima 315 LLC.
Number of Units: 53
Deal Type: Value Add
Purchase Price: $5,000,000
Projected Monthly Rent Increase: 12%
Anticipated Value After Value Add: $6,000,000
Estimated Cash-on-Cash Return: 18%
Estimated Internal Rate of Return (IRR): 8%
Business Partner Found It: The property was sourced through a trusted business partner who identified the opportunity, enabling Aaron to act quickly on this value-add deal.
$1 Million Raised Through Word of Mouth: Aaron raised equity by leveraging personal relationships with friends and business colleagues, demonstrating the power of networking within the Warrior community.
Class A and Class B Shares Syndication: The financing was structured using Class A and Class B shares, facilitating a syndication model that allowed multiple investors to participate in the deal.
Major Renovations Completed: Aaron focused on critical improvements including roofs, siding, windows, bathrooms, and kitchens to increase property value and tenant satisfaction, driving the projected rent increase.
Ugly Looking Proposition Due to Rehab Needs: The deal presented significant hurdles with many units requiring extensive rehab, making it a challenging but ultimately rewarding investment.
Mark Blass is the Mastermind: Aaron credits fellow Warrior Mark Blass for invaluable guidance and support throughout the deal process, highlighting the strength of the Warrior network.
Rehab Costs a Ton: Aaron learned firsthand the high costs associated with property rehabilitation, emphasizing the importance of thorough budgeting and contingency planning.
This is lot of work--you almost have to make the decision to jump in full time if you really want to realize your dreams.
Aaron’s journey from healthcare to multifamily syndication proves that with the right mentorship, network, and commitment, you can overcome challenges and build a profitable real estate portfolio. Rod Khleif’s Warrior Coaching Program offers step-by-step guidance, expert mentorship, and a supportive community to help you close deals, raise capital, and grow your wealth. Ready to take control of your financial future? Apply for mentorship today and start your own Warrior Win.
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!
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