Airline Pilot, I own a single family and a duplex.
Address: 2234/2236 Hanser Dr, Covington, KY 41011
Number of Units: 12
Value Add Deal? Yes
Purchase Price: $528,000
Estimated monthly increase projected? $200/unit
Anticipated value after value add: $650,000
Estimated Cash on Cash Return: Initially 7% but average over 10 years 24%
Estimated Internal Rate of Return: 21%
It’s been great! As I write this I’m tracking to close on a 18 unit and have another LOI out. This would have never happened if I did not join the warrior program. I’m supper excited about my progress not only in real estate but as a person as well!
Direct mail by my partner
Brought in one more warrior
Financing since it was my first deal. My net worth is low so brought in another warrior and reached out to a mortgage broker to get it done. We got financing with a credit union.
As we took over the property we had 4 tenants not paying rent. 2 of them have now paid but we should have verified with the sellers bank account that rents were actually being payed.
* 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.