25+ years in IT consulting and Program management. 10 Single Family homes. 1000+ doors in LP. 11 units in JV. Two more (68 units) properties under contract.
Address: 6400 Ezras Ct Fayetteville NC 28304
Number of Units: 11
Value Add Deal? Yes
Purchase Price: $685,000
Estimated monthly increase projected? $100-150/unit
Anticipated value after value add: $1 mil
Estimated Cash on Cash Return: 12-15%
Estimated Internal Rate of Return: 20%
Direct to Seller cold calling
Local lender – 20 year amortization 2.75% 513K loan amount
Negotiations with the seller
It takes time
* 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.