I am a buy & hold investor. I’ve been buying deeply discounted properties & rehabbing them for the past 10 years. I’ve added a couple of properties to my portfolio every year. I became a Warrior in October (2019). I truly enjoy investing in real estate as well as enjoying all the added benefits it brings along.
Address: 5768 – 5774 Aftonshire Drive, Fayetteville, N.C. 28304
Number of Units: 4
Value Add Deal? Yes
Purchase Price: $37,000
Estimated monthly increase projected? $550/unit
Anticipated value after value add: $140,000- $170,000
Estimated Cash on Cash Return: 33%
A wholesaler contacted me to see if I was interested in selling one of my properties. I said absolutely no. I informed him that I am in the market of finding deals just like him & to let me know of any deals he come across that fit my criteria.
Savings & credit cards
Pulling capital together for the purchase and rehab. Finding trustworthy contractors who would adhere to a timeline.
How important it is to get multiple bids. Although you may have an established relationship with an existing contractor, you should still get bids from others. Another plumbing company outbid my plumber not only by price but completion time.
* 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.