Address: 7740 McCallum Communites
Number of Units: 419
Value Add Deal? Yes
Purchase Price: $54,000,000
Estimated monthly increase projected? about $125/unit
Anticipated value after value add: close to $70,000,000
Estimated Cash on Cash Return: 5.6% – 6.4%
Estimated Internal Rate of Return: 21.5% – 23.9%
For me, the network of amazing people has been instrumental in getting started in MF.
Through a broker who reached out to my partner.
We negotiated a loan assumption with the seller, used some private equity, and the rest capital we raised.
We raised equity through the personal networks of all the partners.
$20 Million PE, JV/LP 8.6 M and GP Equity $1.5 M
Working with individuals to get PE and trying to raise capital during a time of inflation has been pretty challenging.
Have a more robust and active investor list, especially for any deals in Q4 of a given year.
* 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.