Warrior Win

Marvin McGuire

Marv served 25 years in the Navy followed by 10 years in Federal IT sales. Victoria has been a residential real estate agent for more than 18 years. We started with a portfolio of SFR and STRs and now scaling using MFR. Joined Warrior program in early March 2023 and now in 376 doors. Victoria loves running and Marv loves hiking and golf…we BOTH are die-hard Georgia Bulldawgs, Tampa Bay Buccaneers and Dallas Cowboys fans!

Property Details

Address: Savannah Abercorn 160 portfolio
Number of Units: 160
Value Add Deal? Yes
Purchase Price: $22,750,000
Estimated monthly increase projected? $100-175/unit
Anticipated value after value add: $30,000,000
Estimated Cash on Cash Return: 11-13%
Estimated Internal Rate of Return: 7.1-7.5%

Warrior team
shout outs:

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

We love being Warriors and have recommended it to numerous people!!!

How did you find this property?

off-market deal

How did you structure the financing of this property?

FIXED RATE DEBT FOR 5YRS. 3yr I/O period

Was this a joint venture or syndication?

Syndication

How did you raise the equity?

worked the phones for 60 days

What was the equity raise?

$11,100,000

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

Getting investors to actually wire the funds
obtaining full disclosure from seller regarding several plumbing challenges

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

Phone calls and follow-up are the most effective way to raise capital. Good property management relationship can stall or significantly accelerate closing deals

* 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.