SW Engineer for 27 years, left W2 ~2.5 years ago to invest in Real Estate full time after building passive income using Syndications
Address: Queen City Ridge – OH Vista West – OH
Number of Units: 76
Value Add Deal? Yes
Purchase Price: $4,400,000
Estimated monthly increase projected? $30-$40 per year on 5 year hold
Anticipated value after value add: $2 mil
Estimated Cash on Cash Return: 6.9%
Estimated Internal Rate of Return: 16.5%
Awesome experience, everyone is very helpful
Brought onto the deal because of relationship with warrior Wakefield Li.
2 separate loans, 5.81% fixed 2 year IO, 7 yr term 30 yr amortized on Vista, 5.91% fixed 2 year IO, 10 yr term 30 yr amortized on Queen City.
Total of 6 gps did capital raise, each raised 200k-400k each
Some difficulties with capital raise, added 2 GPs to help. did short term bridge loan to get to close and continued raising after closing.
Networking is key, I was one of the GPs bright on to complete capital raise and now help with asset management and investor relations as well.
* 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.