Warrior Win

Kevin Easterly

I had an apartment building I was in contract when I started as a warrior. Being in the program as I closed my deal saved me a bunch of time and money from everyones expertise

 

 

 

 

Property Details

Address: Merlayne Villas
Number of Units: 32
Value Add Deal? Yes
Purchase Price: $3,200,000
Estimated monthly increase projected? $6,400
Anticipated value after value add: $4,200,000
Estimated Cash on Cash Return: 12%
Estimated Internal Rate of Return: 15%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?

I love the program its great and you need to have a team doing this profession.

How did you find this property?

Found it through a realtor

How did you structure the financing of this property?

I did 10 year fixed 30 year am. through a bank.

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

Friends

What are some hurdles you had to overcome to get this deal done?

needed to get alternate proof of funds as I went. needed to switch up my appraiser as I went through it. first one was too busy

What are some of the lessons you learned with this deal?

always hire a coach through a deal if you can and have a mentor

* 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.