A few years back Adam sold his automoive business to focus solely on real estate. He wanted to ramp his learning curve so he bought several different types of units over a 2 year period to determine what he liked to invest in. After attending one of Rod’s bootcamps he and his wife decided to focus solely on large multi-family purchases. Since then they have closed on 2 complexes with 4 more under contract through partnering.
Address: Park Thirty99
Number of Units: 174
Value Add Deal? Yes
Purchase Price: $13,150,000
Estimated monthly increase projected? $100-150/unit
Anticipated value after value add: $17 mil
Estimated Cash on Cash Return: 11-13%
Estimated Internal Rate of Return: 19-21%
The connections I have made are unrivaled to anything else I have ever attended. The sheer willingness to help one another is outstanding.
One of our partners found this through a broker relationship.
Bridge loan to Agency debt
Contacting our investor list and marketing since this was a 506(c)
The seller stopped maintaining the property once it was under contract. We had to hold his feet to the fire in order to get the items taken care of.
Always have a bigger investor list than you think you should have.
* 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.