Warrior Win

Baran Menguloglu

I am buy and hold MF investors primarily in East TN
 
 
 
 
 
 
 
 
 
 

Property Details

Address:201 Ave B Knoxville TN 37920                      Number of Units: 12   Value Add Deal? Yes
Purchase Price: $1,380,000
Estimated monthly increase projected? $1,200/unit
Anticipated value after value add: $1,900,000 Estimated Cash on Cash Return: 6%
Estimated Internal Rate of Return: N/A

Warrior team
shout outs:

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

 
Fantastic collaboration and positive energy.
 

How did you find this property?

Crexi

How did you structure the financing of this property?

 
Local credit union: 80% LTV, 6.5% interest rate for 5 years over 25 years amortization.
 

Was this a joint venture or syndication?

JV.

How did you raise the equity?

N/A

What was the equity raise?

None.

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

 
Dealing with seller’s 1031 and collections of security deposits outside of closing.
 

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

 
Communication with seller and title company.
 

* 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.