Warrior Win

Joe Weldon

I have worked in the manufacturing industry as a continuous improvement engineer, factory manager, and a cost accountant. I had no real estate experience before the warrior program, the warrior program helped me learn multifamily real estate investing and close two deals. I enjoy learning about personal development, reading, exercising, and traveling.



Property Details

Address: 1601 Aber Ave Iowa City, IA
Number of Units: 12
Value Add Deal? Yes
Purchase Price: $1,012,500
Estimated monthly increase projected? $113/unit
Anticipated value after value add: $1,200,000
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 23%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?

The warrior program has been great, it has strengthened my real estate knowledge and connected me with so many great individuals. The network is amazing.

How did you find this property?

James Hughes found this deal off market by emailing the owner. James and I met at a Rod Khleif event, after the event James and I decided we were going to reach out to owners in the Iowa City market.

How did you structure the financing of this property?

Primary mortgage through local bank and a seller carry back note of $112,500.

Was this a joint venture or syndication?

Joint Venture.

How did you raise the equity?

Contacting our investor list and Joint venture partners.

What was the equity raise?


What are some hurdles you had to overcome to get this deal done?

Finding the deal.

What are some of the lessons you learned with this deal?

Strategically managing expenses.

* 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.