Warrior Win

Adam Beckstedt

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.

Property Details

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%

Warrior team
shout outs:

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

Awesome program

How did you find this property?

Pocket listening

How did you structure the financing of this property?

Leverage my single family units

Was this a joint venture or syndication?

Joint Venture

How did you raise the equity?

Leverage

What was the equity raise?

Leverage

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

Mind set, how to show the banker we could manage the apartment

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

My wife and I can do anything that we set our minds to
 

* 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.