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.
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%
I love the connections I’ve made in the group. It has been life-changing and fulfilling.
Powell Chee presented us with this opportunity.
Friends and family.
Working on getting seller financing as opposed to the original CMBS lender we had planned for debt. Raising equity in this environment was tough.
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.