Warrior Win

Daniel Charles

Prior to becoming a full-time real estate investor, I was a CPA that concentrated in M&A. Now in the Real Rstate space, I’m the COO of a property management company and GP on deals with Jason Pero.




Property Details

Address: Kemper Ambassador
Number of Units: 186
Value Add Deal? Yes
Purchase Price: $9,675,000
Estimated monthly increase projected? $400/unit
Anticipated value after value add: $22,500,000
Estimated Cash on Cash Return: 5.4%
Estimated Internal Rate of Return: 16.3%

Warrior team
shout outs:

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

Best thing that has ever happened to me!

How did you find this property?

My partner, Jason Pero had the broker connection for the deal.

How did you structure the financing of this property?

Community bank debt (fixed rate recourse loan).

Was this a joint venture or syndication?


How did you raise the equity?

$1,800,000 from a TIC investor with the remainder from LP investors

What was the equity raise?


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

Insurance costs came in higher than expected and the overall timing was rough. From initial contact to closing was almost an entire year.

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

Make sure to get quotes on insurance prior to going under contract and stay away from chiller systems (unless the price is right).

* 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.