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Andrew and Diana are husband and wife and longtime entrepreneurs and investors in residential real estate. Andrew is an attorney with his own practice specializing in commercial litigation and commercial real estate syndications. Diana is the founder of her own executive recruiting firm. Andrew and Diana decided to take Massive Action and made the leap to becoming GPs on a commercial real estate project in 2023, raising the funds necessary to close within a week of joining the team.
Address: 6004 Commerce Blvd., Garden City, GA 31408
Number of Units: 18
Value Add Deal? Yes
Purchase Price: $1,75M
Estimated monthly increase projected? $4,000
Anticipated value after value add: $2,85 million
Estimated Cash on Cash Return: 9,59%
Estimated Internal Rate of Return: 20,26%
We worked with our fellow Warrior, Jon Sidoti.
Borrowing $1,05 million at an 8% interest rate.
Syndication.
Equity was raised by tapping into the personal of the GPs to find LPs.
$900,000
This deal had to close before the end of 2023, and the equity raise only began in early December, so equity raising had to be accomplished in a couple weeks, during the holidays. It was difficult to get the deal funded, but we did it.
We learned that a determined team can close a deal in a short period of time, but that you are much better off giving yourself time for the equity raise. We were also pleasantly surprised how many of our friends were interesting in learning about commercial real estate and investing.
* 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.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
