Warrior Win
Josh Whitinger
Josh Whitinger currently resides in Waverly, IA with his beautiful wife and their four amazing children. Josh is currently the President of Peoples Insurance Agency. During Josh’s tenure at Peoples Insurance Agency, he has grown the agency revenues of the company from $100,000 in 2000 to $20,000,000 in 2020. Josh has also acquired, leveraged, and went full-cycle on a number of multi-family apartment complexes in the last 15 years.
Josh currently is a partner in over 6000 multi-family doors producing positive cash flow.
Lastly and maybe most importantly, Josh has a passion for personal development. He is an advocate for developing a positive mindset and an optimistic outlook on life. You need to be grateful for every good thing that comes to you. This gratitude has lead Josh to a new devotion – to give back by helping individuals within his areas of expertise.
Property Details
Property name: Sunset Terrace
Number of Units: 207
Value Add Deal? Yes
Purchase Price: $16,500,000
Estimated monthly increase projected? $150
Anticipated value after value add: $23 mil
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 17%
Warrior team
shout outs:
Which Warriors helped you with this deal, and how?
Rod Khleif, Drew Doran
Any comments about your experience so far in the Warrior Program?
How did you find this property?
How did you structure the financing of this property?
Agency debt through Hunt.
Was this a joint venture or syndication?
Syndication
How did you raise the equity?
Raised the equity through family, friends, podcast, webinar, and through a very experienced operator
What was the equity raise?
8.5 mil
What are some hurdles you had to overcome to get this deal done?
The city of Dallas and obtaining the COO as they seller marketed the asset as 208 units but it was actually 207.
What are some of the lessons you learned with this deal?
The success of the capex business plan goes very smooth with the right property management company
* 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.