Warrior Win
Jonathan Russell
Full time in real estate. Have my Realtor’s License as well as have a couple new construction spec houses going for income generating. Puts my current rentals at 62 doors. I’ve done 71 doors total when including flips and new builds
Property Details
Address: 310 Charlotte, Charleston, MO
Number of Units: 4
Value Add Deal? Yes
Purchase Price: $120,000
Estimated monthly increase projected? $75/unit
Anticipated value after value add: $150,000
Estimated Cash on Cash Return: infinite – no cash in
Estimated Internal Rate of Return: infinite – no cash in
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Love the community of everyone willing to help each other
How did you find this property?
My joint venture partner on this found on Facebook through a friend.
How did you structure the financing of this property?
100% purchase price financing through local lender I have relationship with. Seller covered closing cost. $0 out of pocket upfront
Was this a joint venture or syndication?
Joint Venture
How did you raise the equity?
$0 out of pocket upfront
What was the equity raise?
$0 out of pocket upfront
What are some hurdles you had to overcome to get this deal done?
My first purchase out of my home state. Had to bust out of my comfort zone
What are some of the lessons you learned with this deal?
Good deals are anywhere if you know how and what to look for.
* 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.