Warrior Win

Eric Williams

Created EST EQUITY with my business partner Steven Wright few months ago, where we raise capital. We both have our real estate license on the side. Real Estate is main passion.

 

 

 

Property Details

Address: District 52 Apartments!!!
Number of Units: 52
Value Add Deal? Yes
Purchase Price: $2,650,000
Estimated monthly increase projected? 7.5%
Anticipated value after value add: $4,100,000
Estimated Cash on Cash Return: 8%
Estimated Internal Rate of Return: 16%

Warrior team
shout outs:

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

Best Move I ever made. It’s one big team with all the same goals. We help fill in our weaknesses to close the deal.

How did you find this property?

Networking with many Warriors before we were full time with EST EQUITY.

How did you structure the financing of this property?

We obtained an assumable loan of 3,48 until 2031.

Was this a joint venture or syndication?

Syndication.

How did you raise the equity?

Networking, reaching out to our investors that we have past experience with.

What was the equity raise?

$1,700,000

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

Many investors turned us down the first time so they can see what work we do first so we could gain their trust.

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

Joining the Warriors Group is the best decision Steven and I made. We are all on one team. Investors side, and different questions I never heard of in the beginning.

* 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.