Warrior Win

Lee Fjord

Property Manager 2012-2019
First investment property 4plex 2015
Marcus & Millichap broker – former
475 doors $25mil assets currently owned

Property Details

Address: 813 Falcon St Park Hills MO 63601
Number of Units: 272
Value Add Deal? Yes
Purchase Price: $16,000,000
Estimated monthly increase projected? $150/mo/door
Anticipated value after value add: $24,000,000
Estimated Cash on Cash Return: 11%
Estimated Internal Rate of Return: 21%

Warrior team
shout outs:

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

Having access to the Warrior network has changed my life.

How did you find this property?

Broker from Berkadia – relationship

How did you structure the financing of this property?

Fannie Mae Large Balance Loan

Was this a joint venture or syndication?


How did you raise the equity?

Great partners.

What was the equity raise?


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

Hard money day one.

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

Partner with great people.

* 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.