Warrior Win

David Morgia

Background in Asset Management in Commercial Power Generation (Nuclear and Combined Cycle Gas)
Principal at David & Travis Capital Group
$46MM in assets under management.
Host of Making Money in Multifamily Real Estate Show.

Property Details

Address: Esplanade Apartment Homes
Number of Units: 186
Value Add Deal? Yes
Purchase Price: $41,000,000
Estimated monthly increase projected? $500+
Anticipated value after value add: $69mm
Estimated Cash on Cash Return: 7-8%
Estimated Internal Rate of Return: 16-18%

Warrior team
shout outs:

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

If you want to go fast, go alone. If you want to go far, go together. You need a network to get any traction in RE so joining a great group like the Warriors is essential.

How did you find this property?

Through broker relationships. It also turns out I had a relationship with the seller as he has been a guest on my podcast.

How did you structure the financing of this property?

Bridge debt.

Was this a joint venture or syndication?


How did you raise the equity?

LP investors, TIC structures.

What was the equity raise?


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

Crazy interest rate environment during close, so working with the lender to get the deal finalized was key.

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

Good partnerships will move you farther than figuring everything out yourself. Who not how, as they say.

* 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.