Warrior Win

Edward Lowell

Edward is a native of North Carolina and holds an MBA from Queens University-Charlotte. He has over 25 years of leadership and management experience in supply chain and operational functions. Edward’s current portfolio consists of a total of 49 doors, two 16 units and a 13 unit. We are actively searching the NC and SC markets for value-add properties ensuring efficient management and operations for superior profitability.

Property Details

Address: Riverwatch Wilmington NC
Number of Units: 13
Value Add Deal? Yes
Purchase Price: $1,380,000
Estimated monthly increase projected? $100/unit
Anticipated value after value add: $1.5 mil
Estimated Cash on Cash Return: 11%
Estimated Internal Rate of Return: 18%

Warrior team
shout outs:

Which Warriors helped you with this deal, and how?

Andrew Vaughn is my partner on this deal

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

great community and always willing to help, someone has done whatever you are going through and they can help answer your questions

How did you find this property?

Broker Relationship 

How did you structure the financing of this property?

local bank

Was this a joint venture or syndication?

Syndication

How did you raise the equity?

1031 exchange and investor/partner

What was the equity raise?

$300,000

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

 
long price negotiation process, 6 months
 

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

be patient offer better terms than the competition, in this case ability to close in 45 days

* 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.