I grew up in Maine with my single mother and three sisters. I worked as a dishwasher and now I run a construction company that has completed over 50M in projects and I am invested in over 100M of multi family real estate
Address: 3222 Kenelworth Dr, East Point, GA 30344 – Marketplace Square Apartment Homes
Number of Units: 152
Value Add Deal? Yes
Purchase Price: $9,000,000
Estimated monthly increase projected? $147/unit
Anticipated value after value add: $13,984,000
Estimated Cash on Cash Return: 12.22%
Estimated Internal Rate of Return: 12%
The engagement in the community was great and the people all looking to grow and do deals together!
My partners and I found the property through a Cushman Wakefield broker in Atlanta, GA
Bridge Loan for 3 year with 2 one year options. Interest only for 1 year and we brought equity on at a 25 GP / 75 LP split
Through friends and family
The raise was difficult because it was such a heavy value add.
* 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.