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.
506(b). Friends, and other Warriors met at the Orlando event.
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.