Warrior Win

Max Shah

Meet Max Shah, a highly accomplished real estate investor with an exceptional track record. With a career spanning since 2014, Max has amassed an impressive portfolio of over 1169 Units across various sectors. As the esteemed founder of ROS Capital, a distinguished real estate investment firm, Max specializes in multifamily properties, self-storage facilities, single-family rentals, short-term rentals, hotels, and gas stations. Driven by a deep passion for empowering others to achieve financial success through real estate investing, Max serves as a trusted advisor and partner. His unwavering commitment to delivering exceptional results for his clients has earned him a sterling reputation in the industry. With Priyank by their side, individuals can rest assured that they are in the capable hands of a seasoned professional who is dedicated to their prosperity.

Property Details

Address: Apartment Villages 2900 Ravenswood Dr, Evansville, IN 47714
Number of Units: 56
Value Add Deal? Yes
Purchase Price: $3,975,000
Estimated monthly increase projected? $250+/unit
Anticipated value after value add: $5,950,000
Estimated Cash on Cash Return: 6%
Estimated Internal Rate of Return: 18%

Warrior team
shout outs:

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

One word Awsome so many great people and all of them are welcoming and friendly.
Best program and upmost respect for Rod and his team! One day maybe I can coach and bread next generation of warriors!

How did you find this property?

Property was brought to me by another investor which I found through my networking. They failed to close. So I was being pulled in to help out.

How did you structure the financing of this property?

We had local bank fund property. 7% Interests only for 24 month’s 25 yr term.

Was this a joint venture or syndication?


How did you raise the equity?

506b So prior networking contacts and friends. 

What was the equity raise?


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

Bank rates spiked to 1.5% from first underwriting to closing, leading to multiple renegotiations. We couldn’t advertise due to 506b regulations. Closing in 3 weeks with $0 wired was a hurdle. Preparing the PPM and Operating Agreement took longer than expected. To save the deal, we creatively negotiated with the property manager, reducing fees from 7% to 1% for year 1 and 3% thereafter and brought them as GP wirh 10%, ensuring our returns met guidelines. And motivating them to perform!
Just days before closing, the bank’s term sheet added complications, but we navigated it successfully to avoid risking investor funds.

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

Lock in Rates and also keep your eyes open for mortgage documents.

* 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.