Address: 280 E Plant St, Winter Garden, FL 34787
Number of Units: 11
Value Add Deal? Yes
Purchase Price: $1,200,000
Estimated monthly increase projected? $8,800
Anticipated value after value add: $2,800,000
Estimated Cash on Cash Return: 9%
Estimated Internal Rate of Return: 47%
I couldn’t have done it without being in the program.
It was across the street from my duplex. It was on the market, it didn’t sell, so I called the owner directly. He agreed to a price and to seller finance.
Seller financing, 7% IO, 3 years, option to amortize after IO period.
I put in $150,000 and the rest came from partners.
Putting together a JV team that could bring the money to close.
Be prepared with cash in case anything goes wrong.
* 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.