Warrior Wins – Bethany Smith

Warrior Win

Bethany
Smith

Nate and Bethany have had a longtime interest in Real Estate Investing, house hacking their first home 11 years ago with a VA loan. He and Bethany are currently building a World Financial Group financial services agency in Southern California and nationwide, helping their team and clients save, grow, and protect their wealth. Bethany has a background in residential real estate sales working as the Director of Operations for one of the top sales teams in Utah, where she developed a strong interest in and passion for Multi-Family real estate. She transitioned at the beginning of 2019 into Multi Family Investing full time. She is acting asset manager on several communities in Western markets (NV and AZ), most recently closing on a 36 unit C-class property and actively pursuing the next investment. She is passionate about transforming troubled apartment complexes into safe, stable communities for tenants and their families. She also serves on the leadership team for Multi Family Masters, an international meetup organization focused on Multifamily Real Estate Investing.

Property Details

Address: Monte Vista Commons
Number of Units: 36
Value Add Deal? Yes
Purchase Price: $1,800,000
Estimated monthly increase projected? $200
Anticipated value after value add: $3.5 mil
Estimated Cash on Cash Return: 20%

Warrior team
shout outs:

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

Great! Would love more networking events/zoom events for warriors

How did you find this property?

Direct to Seller

How did you structure the financing of this property?

Local lender

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

Word of Mouth

What was the equity raise?

$540,000

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

Mental Toughness

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

Focus on 1 market to get started, built relationships to ensure interests and goals align between partners

* 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.