Warrior Win
Enrique Ortega
I am an Investment Advisor and Investor, whose passion is not only invest for myself but also guide people in the investments world in order to achieve their goals. My expertise is in investing such us stocks, bonds, funds and single family real estate. However, since becoming a warrior it has changed and now I added Multifamily Investing on my list of skills. Since becoming a warrior in the third quarter of 2020, my real estate portfolio has grown from a single family condo (1 unit) to 50 units, owned by myself and my wife as single partners. After acquiring a fourplex in June 2021, my latest acquisition is a 35 unit apartment portfolio located in Holly Hill FL ( part of Daytona Beach, FL).
Property Details
Address: 1202 Ridgewood Ave, Holly Hill, FL 32117
Number of Units: 35
Value Add Deal? Yes
Purchase Price: $1,925,000
Estimated monthly increase projected? $200/unit on half of the units and $100/unit on another quarter.
Anticipated value after value add: $3,225,000
Estimated Cash on Cash Return: 11.5%
Estimated Internal Rate of Return: 21.3%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
The Warrior Program not only has improved my financial life by increasing my passive income from $250/month to $8,500/month in less than two years but also has improved significantly my mindset in all aspects of my life. It has show me that your wildest dreams can really become a reality.
How did you find this property?
Through a Commercial Real Estate Broker.
How did you structure the financing of this property?
Seller Financing.
Was this a joint venture or syndication?
Joint Venture with my Wife.
How did you raise the equity?
Mainly Savings and then some HELOCs on other properties.
What was the equity raise?
My own equity $500,000
What are some hurdles you had to overcome to get this deal done?
Finding the deal, negotiating the seller finance, negotiating price.
What are some of the lessons you learned with this deal?
Always throw the seller finance option. Have a good property manager.
* 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.