In 2019, I sold a financial planning business that I had built for 15 years. I’m now focused solely on syndicating commercial real estate.
Address: Wilton Manors 73
Number of Units: 73
Value Add Deal? Yes
Purchase Price: $11,000,00
Estimated monthly increase projected? $13,200
Anticipated value after value add: $14,00,000
Estimated Cash on Cash Return: 9%
Estimated Internal Rate of Return: 16%
I like Rod’s material and signed up because I believe so much in the importance of mindset, which Rod speaks so much about.
Through a broker
Fannie Mae note at 70% LTV, planning a supplemental loan when rents are stabilized at market rates
$2.5mm from a family office, $1.8mm from my network
Getting initial funds together, negotiating a “COVID clause”
I’m still working on putting a great team into place. I had a partner disappear when it got down to go time and I think that planning for such an event is really important.
* 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.