20 year career owning health clubs, franchise wellness brands, and rental properties. Got started in multi-family in 2019 and have 72 units today via JV deals.
Address: 377 Adams/30 & 40 W. Cook Manteno, IL
Number of Units: 16
Value Add Deal? Yes
Purchase Price: $1,090,000
Estimated monthly increase projected? $100-150/unit
Anticipated value after value add: $17 mil
Estimated Cash on Cash Return: 11-13%
Estimated Internal Rate of Return: 19-21%
It’s been great. Love the people, networking, and relationships
Broker relationship- off market
Conventional through a regional bank 25% down, 4% over 25 year AM- 5 year
My partner and I
Broker relationships matter!
* 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.