Address: 2223-2255 E Cactus Road, Phoenix, AZ 85022 (Cactus Road Apartments)
Number of Units: 24
Value Add Deal? Yes
Purchase Price: $2,500,000
Estimated monthly increase projected? $300/unit
Anticipated value after value add: $$4,130,632
Estimated Cash on Cash Return: 8%+
Estimated Internal Rate of Return: 15.84%+
We love the community and network within the Warriors program. Rod is ALWAYS adding more content and value to the group.
It was part of a direct to seller campaign.
506(b) Close friends and family.
Since this was direct to seller it was a “mom & pop” operation. They had less than desirable book keeping, their PM was actually just a residential broker, competing offer came in after signed LOI, re-trading after inspection, intensive lender requirements since this was our first deal, executing the syndication process without a team member who has done one before.
We learned so much from actually taking the deal from LOI to closing. Work on getting soft commitments from your network prior to having a deal. Be very solid on the team you will be using and the abilities / time each of them can commit.
* 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.