Warrior Win

Chris
Hernandez

I am a 20 year entrepreneur.
I’ve been a business owner of a graphics & screen printing company, a freelance graphic designer, a real estate professional and a couple other side gigs. I have real estate experience as and agent, flipper and landlord of 6 units (3 duplexes). I also managed my current acquired asset for a year prior to purchasing it.
Passion: This business fits me like a glove. It hits on so many levels such as:
a) Keeping my interest
b) It’s Challenging
c) I can use different types of Creativity within the business
d) This WILL help me reach financial freedom
e) Wow! I feel like I’ve finally chosen the right path that achieves everything my life desires

Property Details

Address: 38 East Willow, Monroe MI
Number of Units: 10
Value Add Deal? Yes
Purchase Price: $500,000
Estimated monthly increase projected? $2475
Anticipated value after value add: $807,000
Estimated Cash on Cash Return: 21%
Estimated Internal Rate of Return: 39%

Warrior team
shout outs:

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

It’s truly the best decision I have ever made! There is so much more support than I could have ever imagined having. The training and the materials are phenomenal. The staff is phenomenal. This Warrior Program is exactly what I needed to help propel me toward success.

How did you find this property?

I had done some work for the seller when I had my shop and kept in touch with him over the years and then one day he mentioned he had this property and then I persisted I was interested in purchasing his property even when he wasn’t remotely interested in selling.

How did you structure the financing of this property?

Seller financing. 20% down, 10 yrs, amortized at 30 yrs, 3% interest.

Was this a joint venture or syndication?

Joint venture with Arlene Winfield

How did you raise the equity?

Each partner had capital

What was the equity raise?

$110,000

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

Realizing that I didn’t have to do this on my own, that someone will be there to help advise me when I need it. Understanding to put sympathies aside
it’s a business and if I don’t do what needs to be done then someone else will do it anyway.

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

Patience! Something I don’t normally have
Persistence. I kept top of mind letting the seller know I was seriously interested
Negotiating. Really trying to get what would work best for me but also trying to truly understand his thought process and what he wanted. He was a bit of an odd duck

* 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.