I have been in the construction and development industry for 25 years. I started in the residential flipping houses 20 years ago and now develop and build apartments and commercial buildings.
Address: 617 S. Kerr Ave Wilmington NC
Number of Units: 24
Value Add Deal? Partially. We will installing new flooring and some other misc. capex improvements.
Purchase Price: $5,200,000
Estimated monthly increase projected? $75/unit
Anticipated value after value add: $11,000,000
Estimated Cash on Cash Return: 11-21%
Estimated Internal Rate of Return: Phase 1 = 16.05 Phase 2 = 28.59
I have toughly enjoyed my experience with the Warrior program. I have met many great contacts and would not be progressing as I am with out the support of the Warriors.
I built the property for the original developer.
Each partner reached out to friends and family.
It was a lengthy process to get under contract due to some of the parcels did not have clear title. We had to switch bank midstream.
Always have more that one bank and Raise more money than you need sooner than later.
* 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.