Warrior Win

AJ Simeone

I live in Pittsburgh, PA with my wife Sara, 13 year old son Cayden, and 5 month old son Rocco.
I’ve invested in Real Estate since 2016, I’ve bought and rehabbed SFH, Duplexes, and flipped a few SFH’s. I’m excited to continue purchasing larger buildings!

Property Details

Address: Regency Square Apartments
Number of Units: 84
Value Add Deal? Yes
Purchase Price: $1,450,000
Estimated monthly increase projected? $100 mo /unit
Anticipated value after value add: $Appraisal came back at $2,340,000 with rent increases and other updates by year 5 $3.5m                                  Estimated Cash on Cash Return: 9.8%
Estimated Internal Rate of Return: 23.05%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?

Everyone is so eager to help!

How did you find this property?

We were brought the property off market.

How did you structure the financing of this property?

Bank debit24 mo Interest only, $721,515 construction loan.

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

We have a few other active investors in on the deal.

What was the equity raise?


What are some hurdles you had to overcome to get this deal done?

We ran into issues with 48 units missing an occupancy permit, and had to have the township sign a letter they would not require an occupancy permit unless there was a change of use or major reno.

What are some of the lessons you learned with this deal?

We had some issues with slow legal counsel, slow title, lenders counsel was slow to respond. To keep in mind some of the vendors you deal with won’t be quick to keep in communication.

* 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.