I’ve been investing in Real Estate for three years. I started with a house hack than a duplex, and a BRRRR deal, then another with a partner. In my day job, I research and teach about the ancient Greek and Roman worlds. I have two young daughters who I devote a lot of my time to. In my spare time, I like to play classical guitar.
Address: Waterman Portfolio, Waterman and High Streets, Lockport NY
Number of Units: 28
Value Add Deal? Yes
Purchase Price: $730,000
Estimated monthly increase projected? $175/unit
Anticipated value after value add: $1,200,000
Estimated Cash on Cash Return: 18%
Estimated Internal Rate of Return: 20%
So far so good. It’s been busy!
Met off market seller through word of mouth.
Seller finance, 10% down, 15 year no balloon.
Seller had to get out of previous contract.
Networking is important. So is patience.
* 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.