Monica as founder of Ascension Acquisitions has passively invested in 1,147 units and several commercial properties; owns a duplex, and now making the transition from a passive to a full-time active investor. With a 13-year background in Aerospace & Defense as a cost/financial analyst, extends into her conservative approach and analytical skills that enable her to clearly assess risk and invest wisely to maximize client returns while preserving their principal. As a philanthropist she is committed to giving back to various charities and organizations as a benefactor as well as in volunteering. She loves to motivate, uplift, inspire, and encourage others and loves spending time outdoors in nature and reading.
Address: 2149-2151 Carrollton Ave Indinanpolis, IN
Number of Units: 2
Value Add Deal? Yes
Purchase Price: $140,000
Estimated monthly increase projected? $850
Anticipated value after value add: $350,000
Estimated Cash on Cash Return: 12%
Estimated Internal Rate of Return: 19%
My experience has been good and I love our ecosystem that we have!
Through a wholesaler I met at real estate meetup.
We improved the foundation, the siding, flooring throughout the entire house (vinyl & carpet), paint (whole house inside and out), updated bathrooms, added half bathroom to each side, updated kitchen (including new cabinets & countertops), built a new porch, new windows and screens, new electrical, new havoc (one side)
he initial purchase was pretty simple, but we had some issues with the contractor going several months beyond completion date and scope increase. Eventually we had to fire the contractor and hire another to complete the job.
I’ve learned to be more diligent with partners that have different responsibilities to make sure they are on top of their role. I’ve also learned to get everything in writing and to keep clean records and organized from the very beginning.
* 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.