Address: Creekside Village Townhomes
Number of Units: 34
Value Add Deal? Yes
Purchase Price: $1,425,000
Estimated monthly increase projected? $175/unit
Anticipated value after value add: $2,750,000
Estimated Cash on Cash Return: 8% Year 1 & 2, Infinite after
Estimated Internal Rate of Return: 33% over 5 Year Hold
Local In-house bank loan.
Friends, Family and Warriors.
Financing, Partnership, Seller was a Lawyer.
Need to get better at raising capital. Learned a few extra systems and check lists to have in place. Learned to work multiple angles on the financing versus thinking just one person is going to come through.
* 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.