Warrior Win

Brent Bardales

Entrepreneur. Bought, built, and sold companies in my past. Join warrior group last may (2020), and just closed on my first syndication recently.

 

 

 

 

Property Details

Address: Tribble Gap Apartments
Number of Units: 20
Value Add Deal? Yes
Purchase Price: $13,00,000
Estimated monthly increase projected? $450
Anticipated value after value add: $25 mil
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 18%

Warrior team
shout outs:

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

The connections I have made are unrivaled to anything else I have ever attended. The sheer willingness to help one another is outstanding.

How did you find this property?

Off market. Direct to seller

How did you structure the financing of this property?

Bridge loan 

Was this a joint venture or syndication?

Syndication

What was the equity raise?

$550,000

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

Seller didn’t disclose a lot of the issues when we did inspections and had to re-trade. A lot of lender issues at the 11th hour.

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

The importance of a team, and having the right people in place. Also, to get a formal loan commitment from lender early on.

* 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.