Warrior Win

Michael Mannino II

I am 27 years old with 5 years of real estate experience In the Metro Detroit Market and we have focused on single family fix and flip properties. Now getting into multi-family properties. Love going on the boat during the summer!




Property Details

Address: 112 N Hazelton, 114 N Hazelton, 116 N Hazelton Flushing, MI 48433
Number of Units: 11
Value Add Deal? Yes
Purchase Price: $365,000
Estimated monthly increase projected? $5,000
Anticipated value after value add: $680,000
Estimated Cash on Cash Return: 15%
Estimated Internal Rate of Return: 15%

Warrior team
shout outs:

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

Thank you for the great content.

How did you find this property?

We found this from a wholesaler

How did you structure the financing of this property?

We have $150,000 in seller financing and took on a partner to finance the purchase price and rehab.

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

We have a partner for 40% of the deal to bring $365,000 for the purchase and rehab.

What was the equity raise?

We have a partner for 40% of the deal to bring $365,000 for the purchase and rehab.

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

Negotiating with the seller for a price reduction after inspection and negotiating a $150,000 Land Contract with the seller.

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

structuring a land contract with the seller

* 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.