Warrior Win
Candice Crawford
Self employeed Landscape contractor for 30 years and going. Build artificial trees and rocks for zoos that gave me construction experience to get my Unrestricted Contractors license. In 1997 physically build my own home. My passion for real estate began, with single-family fix and flips to note holding, then in 2021 finding multifamily the expressway to financial freedom and helping others at the same time. I joined Rod’s program and here I am in the first year, 134 doors. Passion is to helping others learn financial literacy, teaching women basic construction skills, and enjoying connecting with nature and creating my sculptures.
Property Details
Address: Cali Crossing Apartments 17610 Cali Dr, Houston, TX 77090
Number of Units: 132
Value Add Deal? Yes
Purchase Price: $12,250,000
Estimated monthly increase projected? $360/unit
Anticipated value after value add: $25,371,232
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 17.55%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
The depth of content is outstanding. The mindset with logistics of the industry is priceless. An amazing program and the networking environment is amazing as well.
How did you find this property?
By invitation to a synidcation at Dec 2021 Rod boot camp lunch table.
How did you structure the financing of this property?
63% LTV, remaining capital raise
Was this a joint venture or syndication?
Syndication
How did you raise the equity?
Friends and family.
What was the equity raise?
$6,200,000
What are some hurdles you had to overcome to get this deal done?
Raising capital during and after the holidays.
What are some of the lessons you learned with this deal?
Pushing a tiny bit further in uncomforable conversations to learn how team members handle themselves during times of stress. Do not have a sponsor on a deal also own the property management company running the deal. Clear communication when inviting individuals to on syndication team, to bring capital not cogps to bring capital. Making sure team members are not working on more than one syndication at a time. Clear communication after a deal closes of importance of communication response 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.