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I have been in the real estate industry my entire career. after a short stint with a mutual fund firm out of college i was offered an opportunity to help Vail Resort Development Launch a ground up for sale condo project in Breckenridge. 22 years later my self and my family brokerage have sold almost $3billion in resort real estate homes and project, developed almost $45million in for sale luxurey resort homes and fix and flipped close to $25 million in resort propeties. i love living in the mountains of Colorado where i am an avid fly fisher, hunter and skier. My wife and i have 3 daughters and have ventured into Multifamily to build a new business with investments that provide cashflow no matter where we are! Since then they have closed on 2 complexes with 4 more under contract through partnering.
Address: Traditions at Slate Ridge, Columbus OH
Number of Units: 94
Value Add Deal? Yes
Purchase Price: $18,500,000
Estimated monthly increase projected?$250/unit/month on average
Anticipated value after value add: $27,556,000
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 18-22%
Excellent, everyone is ready to jump and help in anyway. The content of the education is beyond thorough, and it keeps growing! Everything someon needs to be successful is there, you just need to take daily and consistant action, network with great people and believe inyourself.
Through networking with some mutual friends and family i was introduced to the group who had the deal under contract. After applying all that i had learned in Lifetime cashflow academy, it was apparent it fit my buy box and they envited me on to the GP team to bring some capital and help with ongoing management.
Agency Loan at 5.6%, Interest Only for 5 years, fixed for 10 years.
Syndication.
I launched my syndication firm and took it to my existing real estate client database and reached out to all my High networth clients and discussed what i was doing and they were very excited to be a part of it and invested with me through my firm.
$9,500,000.
Capital raising was difficult. We launched this deal right at the same moment banks were failing and many people were fearful. But through the power of well managed debt and long term need for housing many investors felt it was the safer option.
How to better interact and reach more investors, the power of trust and telling your personal story.
* 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!
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+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
