Been in IT for 21 years. Real estate for 5 years. Have done some flipping on residential side. Love to automate stuff and systematize the process so it will be an easy rinse and repeat.
Address: 2301 and 2401 Vanstory St Greensboro, NC. The Apartments on Vanstory.
Number of Units: 42
Value Add Deal? Yes
Purchase Price: $3,150,000
Estimated monthly increase projected? $250+
Anticipated value after value add: $4,831,293
Estimated Cash on Cash Return: 7-8%
Estimated Internal Rate of Return: 16-17%
I love it! And you can learn from each other and if you have any questions, there is someone that you can rely on to answer within the program.
3 years Bridge Loan at 4.5% with Rate cap of 2.5 on Y1, 3 on Year 2 and Year 3. It is a 3+1+1.
* 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.