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Murat Uzundag 12 Units Closed

Professional image of Murat Uzundag, a dedicated real estate warrior.

Murat Uzundag

From Banking Executive to Real Estate Investor

Murat Uzundag is a seasoned Product and Engineering Executive with extensive experience in managing technology strategy and business execution, particularly in the banking industry. Alongside his banking career, he has actively invested in real estate in New Jersey. Recently, he joined the Warrior Program to deepen his expertise in real estate, aiming to leverage his high-net-worth network and transition into real estate business management over the next five years, building a sustainable and impactful portfolio.

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Property Overview

Property Name: 201 Avenue B

Location: Knoxville, TN

Number of Units: 12

Value Add Deal: Yes

Purchase Price: $1,380,000

Projected Monthly Rent Increase: $200-$300

Anticipated Value After Value Add: $1,600,000

Estimated Cash-on-Cash Return: 10%

Estimated Internal Rate of Return (IRR): 16%

How This Deal Came Together

Deal Source

Broker Relationship: The property was sourced through a partnership with Baran Menguloglu, who provided local market insights and support.

Equity Raise2

Total Equity Raised: 20%

How It Was Raised: Personal funds were utilized for the equity raise.

Financing Structure

Loan-to-Value (LTV): 80%

Lender: Local bank

Syndication Type: Joint Venture (JV)

Value-Add Strategies​

Minor Renovations: Targeting light structural improvements in the basement and exterior updates.

Tenant Turnover: Implementing a strategy to turnover new tenants to increase rental income.

Challenges Faced

Proximity Issues: One of the main hurdles was closing a deal in a location Murat had never personally visited. Trusting his local partner Baran, whose experience and knowledge of the area provided peace of mind, was crucial in overcoming this challenge.

Warrior Program Support

Murat received invaluable support from the Warrior Program, particularly from Anchal Dwivedi, who provided insights and guidance throughout the process. The community’s encouragement helped him navigate the complexities of the deal.

Lessons Learned & Key Takeaways

Market Analysis is Key: Gained valuable insights into market and submarket analysis in the TN area.

Collaboration with Property Managers: Learned the importance of working closely with property managers for effective operations.

Financing Strategies: Securing financing through credit unions and planning CAPEX were critical components of the deal.

End-to-End Business Strategy: Developed a comprehensive business strategy that encompassed all aspects of the investment process.

My experience with the Warrior Program has been great so far. I’ve really enjoyed the learning process and the supportive community, both of which are helping shape my future in the real estate market.

Murat Uzundag

Be the Next Warrior Success Story

Murat’s journey exemplifies how the right mentorship, strategic networking, and community support can lead to success in real estate investing. If you’re ready to transform your future and achieve financial independence, consider joining Rod Khleif’s Warrior Coaching Program. With expert guidance and a powerful network, you can close more deals, raise capital, and grow your wealth faster. Apply for mentorship today!

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