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I left my full time job in 2007 at the age of 22 to become a full real estate investor and contractor. I started out attempting to do flips but quickly learned that in my market it is all about cashflow. I purchased several properties over the years including a couple multifamily properties. I really started honing my skills with multifamily investing after attending Rod Khleif’s first bootcamp and joining the warrior program. My passions include business, real estate, finance, my church, and anything to do with boating and/or being around water. I have been blessed to spend some time the past several winters in the Florida Keys and I look forward to the day that my real estate career will allow me to purchase a home in the Florida Keys
Address: 500 W Elm/222-232 S McDonel Street
Number of Units: 16
Value Add Deal? Yes
Purchase Price: $92,500
Estimated monthly increase projected? $10,0000
Anticipated value after value add: $910,000.00
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 20%
It is refreshing that EVERYONE wants to help and approaches all aspects of this business as a team effort. The amount of value that is added through the warrior program exceed expectations. The accomplishments that not only I have achieved but that I have witnessed other Warrior’s achieve is hard to comprehend at times. Its been fun to be a part of this group and I look forward to helping others along their journey with real estate.
500 West Elm was a bank owned 10 unit apartment building that my broker brought to my attention.
Traditional financing – 75% LTV
Once we moved forward with the construction of the triplexes we contributed the existing 10 unit building as equity to a new JV entity.
Partnered with a realtor and and employee of the broker who brought me the deal.
$140,000.00
Zoning, building and local municipality red tape. This has turned into a process to identify obstacles that both the City of Lima and my team can overcome to make development easier and more inviting, especially to outside firms who may not have the knowledge and relationships on the local level. We are trying to set a precedent for other investors, developers and contractors to follow so growth and gentrification in our local market will take place.
Get commitments from local government including building authorities in writing.
* 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.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
242 S. Washington Blvd Suite 319 Sarasota, FL 34236
+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
