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: Sweet Redemption 1600 E Sanford Arlington TX 76011
Number of Units: 44
Value Add Deal? No
Purchase Price: $7,200,000
Estimated monthly increase projected? $150/unit
Anticipated value after value add: N/A
Estimated Cash on Cash Return: 7.5%
Estimated Internal Rate of Return: 16.97%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Absolutely BY FAR, the best program out there! The connections are real, the coaching is real, just a phenomenal program if you are wanting to learn and scale your MF REI experience.
How did you find this property?
Off market thru existing broker relationship
How did you structure the financing of this property?
Bridge Loan 24mo IO.
Was this a joint venture or syndication?
Syndication
How did you raise the equity?
Friends & Family.
What was the equity raise?
$3,800,000
What are some hurdles you had to overcome to get this deal done?
We closed this property in about 50 days in order to close by 12-31-2022.
What are some of the lessons you learned with this deal?
Start the LLC process EARLY!
* 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.