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.
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%
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.
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.
Primary mortgage through local bank and a seller carry back note of $112,500.
Contacting our investor list and Joint venture partners.
Finding the 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.