Address: 630 S. Abbe Road, Elyria, OH 44035
Number of Units: 48
Value Add Deal? Yes
Purchase Price: $2,025,000
Estimated monthly increase projected? $146/unit
Anticipated value after value add: Value at sale will be $3.4M, although we’re planning on hanging on to this for lifetime cashflow and will refi to recoup initial capital
Estimated Cash on Cash Return: Cash on Cash return was projected at 11%, but with the lowered cap rates, we’re projecting 15%, but will likely be infinite return as we will get back all of our investor capital on this one.
Estimated Internal Rate of Return: 30%
The education and networking opportunities you receive in this program is unmatched. I am extremely introverted but to be able to partner with a person like Rasool (AKA networking King) is game changing.
This was a bridge loan with 80% LTC including rehab expenses
Bridge loan to Agency debt
Brought 8 capital partners together
Some hurdles were getting a good insurance quote because of the previous fire. Another was one of the investors on the deal backed out before closing which caused a scramble for more funds at the end, but we found the extra cash among our group and got it closed!
Networking is the key to doing more deals faster!
* 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.