I am currently a pro basketball player in my 4th year playing professionally. I originally got into and found real estate by looking for other ways to invest and grow my money outside of the stock market. Long story short I first learned about the real estate investing by coming across Grant Cardone and started watching and following him closely. Then took it upon myself to learn the game. Fast forward some more and I am at full swing now due to ROD KHLEIF. I am invested in 405 units total, at this point I am always learning but know enough to only invest in my own deals. 197 of these units I am an actual GP in these deals with my partners. As of 4.6.2020 we have 3 deals under contract, a 68, 22 and 130 all within a years worth of time after taking Rod’s course and learning from him.
Address: 917 Apollo Beach Blvd, Tampa FL 33572
Number of Units: 56
Value Add Deal? Yes
Purchase Price: $6,800,00
Estimated monthly increase projected? $138
Estimated Cash on Cash Return: 7-9%
Estimated Internal Rate of Return: 15-17%
Vehano Joseph, Nick Contessa, Brian Murphey, Steeve Breton, Robinson Law and many others
Best program out there! We can all make any of our dreams or wildest imaginations happen through hard work, not giving up and massive action everyday!
Our property management company that manages our apartments in Tampa gave us this deal. At the time they were managing Pilar’s and knew it was going to sell, so they first offered it to us. They manage 4,500 units, with that said it shows you they trusted us to get the deal done and believed in what we are doing.
70% LTV agency, non recourse, fixed interest rate for 12 years
Day of rate lock our interest rate increased due to 30 day LIBOR
Bonus for us was when 3rd party personal visited and when bank underwrote the deal, they valued the property at $7.2 million and we bought it for $6.8million
Light renovations such as updating. Modern cabinets, backsplash, light fixtures, usb outlets and flooring. $8k per unit. Also kitchen upgrades, technology pack, screened patio, outdoor kitchen and exterior work.
* 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.