Warrior Win

Dave Snehal

MF Investment Sales at EXP Commercial & Co-Founder of Synergy REI

Dave Snehal’s journey as an entrepreneur started in late 2002 when he was laid off from his position as a broadband provisioning engineer at MCI Worldcom.

Today, Dave represents real estate investors in the Chicago MSA as a multi-family commercial real estate investment sales consultant. Always holding client satisfaction as his highest priority, Dave works hard to make the acquisition or disposition experience as efficient, productive, and hassle-free as possible.


Property Details

Address: 7 property self storage portfolio
Number of Units: 2,634
Value Add Deal? Yes
Purchase Price: $16,685,000
Estimated monthly increase projected? none
Anticipated value after value add: $28,000,000
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 17.4%

Warrior team
shout outs:

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

I love the connections I’ve made in the group. It has been life-changing and fulfilling.

How did you find this property?

Powell Chee presented us with this opportunity.

How did you structure the financing of this property?

Seller financing – 7.25% fixed rate loan of 62% LTV and 1 year I/O
5-year term with 30 yr am and no Pre-payment penalty.

Was this a joint venture or syndication?


How did you raise the equity?

Friends and family.

What was the equity raise?


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

Working on getting seller financing as opposed to the original CMBS lender we had planned for debt. Raising equity in this environment was tough.

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

We learned how to evaluate self-storage.

* 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.