Built and sold houses for 15 years. Help run family business for 15. In 2018 separate from family business to do real estate investing full time. In March of 2020 mother was diagnosed with pancreatic cancer. Father had three choices to either sale, shut down, or asked me to come run it. So I went back to manage family business. My wife and I passions are to help with orphanages in Africa. Right now we can only donate our money one day goal is to help build and maintain a orphanage in Uganda.
Address: Cider point apartments
Number of Units: 26
Value Add Deal? Yes
Purchase Price: $1,200,000
Estimated monthly increase projected? $100/unit
Anticipated value after value add: $1,800,000
Estimated Cash on Cash Return: 12%
Estimated Internal Rate of Return: 22%
Leverage my single family units
Mind set, how to show the banker we could manage the apartment
* 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.