Address: Timberland Apartments – 10612 Abercorn Ext, Savannah, GA 31419
Number of Units: 176
Value Add Deal? Yes
Purchase Price: $27,000,000
Estimated monthly increase projected? $275/unit
Anticipated value after value add: $39,116,000 by year 2
Estimated Cash on Cash Return: 8.5%
Estimated Internal Rate of Return: 17-19%
I really like it and being able to access the knowledge and experience from all the Warriors has been a game changer for me.
Through Networking with warriors this deal was presented to me to underwrite to make sure it was a good deal, once I confirmed the underwriting was good and the returns aligned with what my investors are looking for, we joined the team to help on due diligence, capital raising, investor relations, presentations and ongoing support.
Assumed current loan at 4.64% interest rate, 9 years left on loan with term interest only.
506b through existing contacts family and friends.
Some investors did not come through with soft commitments, other GPs filled up those amounts with their investors.
People tend to inflate the amount of money they actually have available to invest.
* 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.