Warrior Win

Bobby & Desiree D'Alessio

My wife and I are both elementary school teachers in NYC. We had limited real estate experience our own primary residence and 6 duplexes that we owned coming into the program.
We are passionate about spending time with our daughter, helping others, and traveling.
 
 
 

Property Details

Address: Shakertowne
Number of Units: 31
Value Add Deal? Yes
Purchase Price: $1,400,000
Estimated monthly increase projected? $250-350/unit
Anticipated value after value add: $2,929,000
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 12-16%

Warrior team
shout outs:

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

We have met several great people in this program and we look forward to doing deals with all of them. It has been an eye opening experience to see things being accomplished that we would have never thought possible.

How did you find this property?

We found this through some friends.

How did you structure the financing of this property?

Bridge to Bank.

Was this a joint venture or syndication?

Syndication

How did you raise the equity?

Friends and Family.

What was the equity raise?

$1,220,000

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

Rising interest rates, capital raising, little cooperation from the seller.

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

We learned that persistence is key. Having a strong team that can help support you is vital.

* 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.