Address: Thomas Portfolio
Number of Units: 31
Value Add Deal? Yes
Purchase Price: $1,385,000
Estimated monthly increase projected? $500
Anticipated value after value add: $6,000,000
Estimated Cash on Cash Return: 40.86%
Estimated Internal Rate of Return: 30.96%
Been great so far. The educational resources and network are phenomenal. I would not have been as confident going into multifamily prior to joining, even though I had read a couple of books and joined a small coaching program, it wasn’t enough for me to go out and take action.
Saw the property while driving. Skip traced the owner. Midnight cold call. Tired landlord of over 20 yrs. Hadn’t raised rents in nearly 10 yrs.
Purchased the SFR homes all cash $400K. The 16 unit we were able to get long term fixed debt at 4% through local bank
Family and friends. 506b offering.
New market, newer team, not much experience. The shift in the economy and interest rate hikes caused Majority of my investors to hold onto their cash.
Perseverance. Non-negotiable no quit attitude is required to make it work.
* 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.