I am a restauranteur by trade and am learning real estate. My passion included building businesses with successful implementation of systems.
Address: 4223 central ave ne
Number of Units: 11
Value Add Deal? Yes
Purchase Price: $515,000
Estimated monthly increase projected? 40-60% per unit
Anticipated value after value add: $750,000
Estimated Cash on Cash Return: 16%
Estimated Internal Rate of Return: 8%
The support and networking opportunities have been amazing. Although I haven’t needed to raise funds yet, I am confident when the opportunity arises the warrior group will help me reach the capital goal
Craigslist (after reviewing Rod’s material from online course)
The owner was willing to carry the note with a 20 year balloon and 30 year amortization s he dile at 5% interés.
Refinancing money out of primary and investment property
After walking away the first time I had the complex under contract because the numbers didn’t work, I waited a month and later found out their other buyer could not come up with the down payment. I reached out and negotiated the price down from $650K to $515K
Anything is negotiable in a seller financing deal. If you don’t ask you will never know.
* 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.