Warrior Win

Chris Moyer

In 2019, Chris and his wife Kristen decided to jump into real estate together less than a month after marriage. Through the pandemic, Chris earned his Contractors License in the State of Arkansas and continued to purchase properties. By the end of 2021, Chris and his wife owned six units.
After joining Rod Khleif’s Multifamily Real Estate mastermind in 2022, Chris accelerated his learning and took massive action towards real estate. Within 12 months, Chris 3x’d his holdings from 11 units to 33 units. Chris also started vertically integrating their business and now has three employees and handles all property management for their properties.
 
Today, Chris works for the largest bowling equipment manufacturer in the world by day and is a real estate entrepreneur by night and weekend. Chris and his wife solely own 33 units ranging from single family to commercial multi family.

Property Details

Address: Seneca Bowl & Derby Bowl, WIchita KS    Number of Units: 60
Value Add Deal? Yes
Purchase Price: $3,650,000
Estimated monthly increase projected? $0
Anticipated value after value add: $7,750,000    Estimated Cash on Cash Return: 100% Year 1      Estimated Internal Rate of Return: 50%

Warrior team
shout outs:

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

Amazing and Life Changing.

How did you find this property?

Direct to Seller (36 Bowling Lanes @ Seneca Bowl and 24 Lanes at Derby Bowl)

How did you structure the financing of this property?

SBA and Seller Financing

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

N/A

What was the equity raise?

0

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

Financing with SBA is very hard, had to keep the seller motivated to sell through all the hurdles. Went through multiple partners to find the right person since it’s a different kind of investment.

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

I know more about how the SBA works for future. Know what to look for with partners more.

* 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.