Warrior Win

Shawn Ricehouse

Been in RE for several years, MF for one year. Have several SF homes after transitioning to MF in Feb 2022. Construction is my background for over 25+ years. Married for 18 years and blessed with 4 children. Love to BBQ, travel and watch my kids soccer games!



Property Details

Address: The Maverick Apartments
Number of Units: 120
Value Add Deal? No
Purchase Price: $13,300,000
Estimated monthly increase projected? $200/unit
Anticipated value after value add: $9,000,000
Estimated Cash on Cash Return: 7.82%
Estimated Internal Rate of Return: 24.5%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?


How did you find this property?

Thru a RE Meetup

How did you structure the financing of this property?

Bank Loan 

Was this a joint venture or syndication?


How did you raise the equity?

Family and friends.

What was the equity raise?


What are some hurdles you had to overcome to get this deal done?

Location, Debt, KP’s, ALOT!! LOL!

What are some of the lessons you learned with this deal?

MOU’s are 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.