Address: Retreat at Stone Mountain
Number of Units: 212
Value Add Deal? Yes
Purchase Price: $1,420,000
Estimated monthly increase projected? $70
Anticipated value after value add: $11,810,000
Estimated Cash on Cash Return: 10.6%
Estimated Internal Rate of Return: 14.78%
Awesome. Love the people. Inspiring. So many are willing to help. Can’t wait to see them again soon.
I didn’t find it, I found partners with mutual alignment of the abundance mentality. I was able to bring value to the during the acquisition & raising of capital. Together we were able to acquire the property, raise the necessary capital, and operate the property according to plan.
Fannie Mae. 10 year term, 3 year IO, 4.8% Interest
Large capital raise, operational pressure, corona virus
Partnerships, the good/bad/uncomfortable
* 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.