Address: Lakemore and Moreland – 2666 & 2680 N Moreland Boulevard Shaker Heights, OH 44120
Number of Units: 66
Value Add Deal? Yes
Purchase Price: $3,680,000
Estimated monthly increase projected? $250/unit
Anticipated value after value add: $7,000,000
Estimated Cash on Cash Return: 7.52%
Estimated Internal Rate of Return: 17.83%
it’s been great, I love that it has speed up my learning curve.
fellow Warrior brought the deal.
Bank debt at 63% LTV.
From our network of investors.
Slower capital raise than expected/hoped, bank increased the reserves required just 2 days before closing so we had to wire additional personal funds to get through closing.
More capital is better than less! also lender requirements are tightening so plan accordingly.
* 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.