Warrior Wins – Lizzy Neutz

Warrior Win

Lizzy Neutz

Lizzy has co-created 2 businesses and 2 different meetup groups at just 22 years old.. Her main focus is multifamily real estate investing, primarily focusing on syndication and target markets close to her home- Louisville, KY, as well as Indiana, Tennessee & Alabama. Lizzy brings her youthful energy (and love for talking!) to build the necessary connections to make their business work.

Her first local meetup group, a women’s entrepreneur group, has well over 300 women and is constantly adding massive value at her events. She thinks BIG, loves building relationships & being an inspiration to those around her.

Property Details

Address: 2234-2236 Hanser Drive, Covington, KY 41011
Number of Units: 12
Value Add Deal? Yes
Purchase Price: $528,000
Estimated monthly increase projected? 35-45% increase. Avg Rents in place – $566, our new average rents will be $775-800/unit.
Anticipated value after value add: $750,000
Estimated Cash on Cash Return: 14-18%
Estimated Internal Rate of Return: 20% plus

Warrior team
shout outs:

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

AMAZING! Love the culture and everyones’ willingness to be there and learn.

How did you find this property?

Direct-to-seller

How did you structure the financing of this property?

75% LTV traditional financing, 3.75 interest rate. Plan to refinance in 18 months

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

Warrior group after private investors backed out due to fear of eviction moratorium.

What was the equity raise?

$225,000

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

Having investors back out early on and having to get a big extension of 60 days on the contract. We did not have enough “pre-committed” capital to get it done on our own.

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

Talk to investors before you get under contract on a deal. Build relationships and teams early!

* 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.