I’ve been in a real estate investor for 18 years. I’ve done almost everything in Single-Family Home, from flipping to full builds to airbnbs.
Address: 520 Baxter Ave, Macon GA 31201, Vineville Townhomes
Number of Units: 174
Value Add Deal? Yes
Purchase Price: $11,650,000
Estimated monthly increase projected? $150/unit
Anticipated value after value add: $18,000,000
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 16%
The people I have met are all fantastic and have been extremely generous with their time. The coaching with Matt has been amazing. Rod is also so generous with his time especially making an appearance on my Monday night zoom call.
We partnered with “think multifamily” and was brought into the deal.
My network, I personally raised $1.5m.
Interest rate rising, lender extending closing date, lender taking longer to underwrite TIC, communications between 3 GP teams.
How to work with lender at this level. How to negotiate GP table terms, how to leverage this deal to gain new opportunities and deals from brokers.
* 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.