Warrior Win
Alex Zahn
Property Details
Address: 3630 Ranch Rd. Columbia, SC 29206
Number of Units: 66
Value Add Deal? Yes
Purchase Price: $4,500,000
Estimated monthly increase projected? $200/unit
Anticipated value after value add: $7,000,000
Estimated Cash on Cash Return: 8.64%
Estimated Internal Rate of Return: 21.47%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
It’s been great!
How did you find this property?
Off market.
How did you structure the financing of this property?
Seller financed 50%
Was this a joint venture or syndication?
Syndication
How did you raise the equity?
From family and friends.
What was the equity raise?
2.25 Million
What are some hurdles you had to overcome to get this deal done?
We were anticipating the seller financing 60% of the deal but he changed his mind last minute due to the loan paydown that he still had to make.
What are some of the lessons you learned with this deal?
Make sure to inspect every unit before you buy.
* 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.