Address: Garden Villas – 8731 N 30th St Tampa, FL 33604
Number of Units: 40
Value Add Deal? Yes
Purchase Price: $6,854,999
Estimated monthly increase projected? $300/unit
Anticipated value after value add: $10,700,000
Estimated Cash on Cash Return: 12%
Estimated Internal Rate of Return: 18%
I enjoy the program and get the most value by the relationships I have been able to form with some of the its members
Relation with broker.
48% agency loan, 52% equity
Syndication
Through a 506(b) offering
$5,000,000
Raise all the required capital to close, secure loan approval from lender, renegotiate the purchase price in light of increasing 10-yr treasury rate.
Define GP roles and responsibilities earlier in the process, form operating agreements and secure qualified property manager earlier in the process to minimize last minute requests from lender.
* 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.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
242 S. Washington Blvd Suite 319 Sarasota, FL 34236
+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
