Warrior Win

Alekhya Mukherji

Alekhya is the co-founder of Evergreen Capital, and has been investing in real estate for over a decade. He moved to the US in 2015 and started investing in US real estate in 2017. He currently personally owns 10 units including a STR business and is an investor in multiple projects involving value-add and new construction multi-family (2000+ doors), Retail, Hotels and ATMs.
He currently lives in Austin, TX with his wife and two young kids.

Property Details

Address: Harvard House/ District 52
Number of Units: 52
Value Add Deal? Yes
Purchase Price: $2,650,000
Estimated monthly increase projected? $0 for Yr1
Anticipated value after value add: $4M-$5M
Estimated Cash on Cash Return: 6-8%
Estimated Internal Rate of Return: 14-16%

Warrior team
shout outs:

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

A fantastic group of people who are always willing to help and lend a hand for any questions.

How did you find this property?

On market listing with a major brokerage house. Part of a multi-property package seller was liquidating.

How did you structure the financing of this property?

Loan assumption with attractive interest rate and 7yrs of loan term left at acquisition.

Was this a joint venture or syndication?


How did you raise the equity?

GP team raised capital through LP partners.

What was the equity raise?


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

First MF acquisition and steep learning curve, putting together a winning team, lengthy negotiations with broker and seller on pricing, finding a good PM who knows the market, finding out about 4 down units during DD.

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

A good team who are on the same page in terms of execution, being able to rely on team members to execute their respective tasks, keeping everybody on track, raising capital in a tough market environment.

* 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.