Menu
Address: Creekside Village Townhomes
Number of Units: 34
Value Add Deal? Yes
Purchase Price: $1,425,000
Estimated monthly increase projected? $150-200/unit
Anticipated value after value add: $2,500,000
Estimated Cash on Cash Return: 8.72%
Estimated Internal Rate of Return: 33.2%
The warrior program has really opened my eyes to the multi-family real estate business. I took my daughter and son to the event in Orlando, and plan to enroll them in the Warrior Program once they graduate from college.
I am teamed up with another Warrior Chris Moyer who found this asset.
We got local financing at 8.5%, with the plan to refinance to agency debt after a return of capital after 24 months.
Syndication.
506(b). Friends, and other Warriors met at the Orlando event.
$725,000
Every hurdle Rod mentions. Capital raising was the main one. I was surprised how difficult the capital raising process was. I learned to get 2-3 times the number of soft commits and needed to fully fund.
I learned the importance of truly putting into practice what Rod says about capital raising…if someone sits still long enough…tell them what you do.
* 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.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
242 S. Washington Blvd Suite 319 Sarasota, FL 34236
+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
K L Promotions, LLC
242 S. Washington Blvd Suite 319
Sarasota, FL 34236
