Im a District Manager for Speedway (Convenience Store) in Nashville TN. I manage 10 convenience stores throughout the Nashville, TN market. I started investing in RE 2 years ago with single family residential. I built up a little portfolio of SFR & condos in Memphis & Nashville. I then underwent some significant life altering events. I underwent major back surgery & my first daughter was born in the same month. I was recovering from surgery with the thought that if I ever physically can’t go into work how will I ever be able to provide for my daughter. That has been and still is my WHY. I needed to scale up faster to provide an income stream that will provide for my daughter long after im gone!
Address: 201-203 Bilbrey St Livingston, TN 38570
Number of Units: 8
Value Add Deal? Yes
Purchase Price: $410,000
Estimated monthly increase projected? $200-250/unit
Anticipated value after value add: $560,000
Estimated Cash on Cash Return: 12-14%
Estimated Internal Rate of Return: 18%
This has been one of the best decisions I have made! The initial investment to get into this program seemed like a lot of money (Which it still is) but its peanuts compared to the value this network of individuals already has brought me and the lifelong friendships I will have because of it. Couldn’t say enough about the program!
I skip traced owners in the area, got their contact info and reached out. This owner wasn’t willing to sell but I followed up with him for 4 months until he finally decided he was ready to sell.
Networking with Warriors. I had a previous relationship with them & when I found this deal they wanted to partner with me on it.
ALWAYS put in an extension into the contract, you never know when you will need it. This deal would have fell through if I didn’t include this in there.
Always have a bigger investor list than you think you should have.
* 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.