Warrior Win
Doris Ng
Sisters, Alice & Doris Ng, are partners at 2SavvySisters, a real estate investment company. Their real estate journey in real estate started in 2012 in both residential and commercial multi-family. Their experience has led her to form partnerships with experienced real estate professionals and trusted advisors. Currently, 2SavvySisters Investments has been involved, owns and invests in over 350 units across multiple states.
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Property Details
Address: 2602 N Bennett St, Appleton WI 54911
Number of Units: 6
Value Add Deal? Yes
Purchase Price: $235,000
Estimated monthly increase projected? $250/unit
Anticipated value after value add: $380,000
Estimated Cash on Cash Return: 10.59%
Estimated Internal Rate of Return: 18.72%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
The quality has been amazing! I’ve had the opportunity to met so many like-minded folks in this space that makes me feel that I’m not alone.
How did you find this property?
Driving for dollars. Process took over 12 months to finalize and close.
How did you structure the financing of this property?
Used our own money and private money.
Was this a joint venture or syndication?
Bought it on our own
How did you raise the equity?
We raised 100% private money to help acquire the property via cash from the seller.
What are some hurdles you had to overcome to get this deal done?
The seller was very difficult to get a hold of since he doesn’t use technology much. We relied heavily on fax and calls to through to him. We had to adapt and work on his mode of communication in order to complete the deal. Additionally, the seller requested for an earlier close date and if we didn’t, he will retract the deal. We did anticipate to use private money, but had to resort to it just to close on time.
What are some of the lessons you learned with this deal?
Persistence! We kept in touch with the seller during this whole time and timing was everything. We continued to reach out until he was ready to sell and when the time came, he asked us. |
* 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.