Warrior Win

David Morgia

Background in Asset Management in Commercial Power Generation ((Nuclear and Combined Cycle). Marathon athlete. Closed our first deal in Salisbury NC. 64 units. Already way over projections

Property Details

Address: Westside Manor Salisbury NC
Number of Units: 64
Value Add Deal? Yes
Purchase Price: $5,120,000
Estimated monthly increase projected? $150
Anticipated value after value add: $7.5 mm+
Estimated Cash on Cash Return: 8%
Estimated Internal Rate of Return: 18%

Warrior team
shout outs:

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

Been great to align ourselves with others moving in the same direction. It keeps you much more calibrated.

How did you find this property?

Sourced through warriors (Ed Modzel).

How did you structure the financing of this property?

Bridge 3+1+1 80 LTC.

Was this a joint venture or syndication?


How did you raise the equity?


What was the equity raise?

$1.5 mm.

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

Short turnaround to raise capital.

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

Network is everything. You can only be in so many markets but if you want access to more opportunities you need to tap into your network and be ready to execute when they need your help.

* 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.