Warrior Win

Levi Weber

My wife and I are full-time real estate investors whose business has grown significantly over the last few years. We currently own 69 units comprised of 7 small multifamily properties and a single family house on the front range of Colorado and are about to close on another 49 units in early May. We generally purchase and operate value add apartment buildings that are distressed/mismanaged at acquisition. After we acquire the buildings, we add value to them through renovations and improve the management. We have taken several underperforming assets and turned them around improving them so that they are strong cash flowing properties.  


Property Details

Address: 59& 55 Corona st Denver
Number of Units: 13
Value Add Deal? Yes
Purchase Price: $300,000
Estimated monthly increase projected? $400/u/mo after reno and new leases in place.
Anticipated value after value add: We actually already have the property partially sold and the remainder under contract to sell at $3.9mm. We went uc to sell <1 month after buying.
Estimated Cash on Cash Return: $900k profit in 2 months.
Estimated Internal Rate of Return: originally it looked like it was going to be a 30% IRR deal but ended up vastly exceeding that.

Warrior team
shout outs:

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

The networking has been great to hear from other successful people in the program.

How did you find this property?

Broker relations.

How did you structure the financing of this property?

Local lender at approx 70% LTV. I paid the downpayment.

Was this a joint venture or syndication?

JV, just my wife and I.

How did you raise the equity?

I paid it partially out of pocket and partially from 1031 exchange proceeds from a different property.

What was the equity raise?


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

Getting it under contract quickly.

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

Further reiterated how important broker relations are. 

* 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.