Early years I was a Mechanic and Fabricator. Currently own and manage a used car lot for 11 years. Had no Real Estate experience before joining warrior program.
Address: Archway Apartments 685 Rountree Rd, Riverdale, GA 30274
Number of Units: 106
Value Add Deal? Yes
Purchase Price: $13,400,000
Estimated monthly increase projected? 151 by year 3
Anticipated value after value add: $20,261,905
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 15%
Love the ability to call anyone in the group and ask for advice or help. The network is unmatched compared to anything else out there.
Was found be other warriors
Assumable long term agency Debt
Lp investors and pref equity
Hard time raising enough to close and had to take short term loans and seller finance to close. Pref equity took forever to get approved and extending the capital raise after closing.
Make sure capital raisers on team are experienced and have the investors to back their commitment. Some new people are fine but not the majority.
* 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.