Work background is in mechanical engineering. Started in real estate about 8 months ago when I joined the warrior group. Passions are traveling, exercise (currently training for a marathon), and helping mentor others.
Address: 6416 Quinn Drive – Self Storage Facility
Number of Units: 152
Value Add Deal? Yes
Purchase Price: $620,000
Estimated monthly increase projected? Rents are about 25% behind market. Assuming we will maintain this while we improve occupancy.
Anticipated value after value add: $1,200,000
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 17%
Great experience with the program so far. Really enjoy the high performance coaching as well. Have taken much more action this year than in past several years in all aspects of my life (financial, relationship, health/wellness, friends, family)
Working with fellow warrior Powell Chee.
Private lender for about 50% LTV
Off market deal. not all due diligence docs buttoned up. needed to work with seller to identify required docs.
importance of proper lighting in self storage to make customers feel safe at all hours. quoting with vendors for improvements. reviewing inspection docs and prioritizing work once taking over facility. overlock process for non-paying customers.
* 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.