Brian Kochendorfer is the Managing Member of Arc Equity Group, a Chicago-based real estate investment firm specializing in acquiring and operating apartment properties in the Midwest. Brian is a general and limited partner in over 800 apartment units with a total value of approximately $60,000,000. He has 13 years of experience as a commercial real estate broker and has been involved in over $600M in real estate transactions throughout his career, primarily in multifamily. At Arc, Brian leverages his investment and brokerage experience to oversee the firm’s acquisition and operational strategy.
Address: 2909 E 78th St, Chicago, IL
Number of Units: 31
Value Add Deal? Yes
Purchase Price: $1,420,000
Estimated monthly increase projected? $200-250/unit
Anticipated value after value add: $2,600,000
Estimated Cash on Cash Return: 13%
Estimated Internal Rate of Return: 18%
I don’t have a coach but I am in touch with several warriors who I kick around ideas with and all support each other throughout the ups and downs of trying to put deals together.
The networking has been great, and since I joined I’ve made offers on deals with others in the group as well as started a local meetup through people I met in this program
My partner that I bought the 45 unit property in Melrose Park with found this one through a broker as he owned another property nearby
Friends and family
With the property being in a receivership the court process to several weeks longer than a typical deal, but it was worth it in the end
This is a heavy rehab project, and I wasn’t sure it would be worth it but will end up being one of our better properties. I learned not to take shortcuts with the rehab, our actual rents are significantly higher than our projections due to the quality of work being done.
* 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.