Address: The Terrace, San Antonio, TX
Number of Units: 130
Value Add Deal? Yes
Purchase Price: $5,250,000
Estimated monthly increase projected? Avg of $90/unit
Anticipated value after value add: $9 mil
Estimated Cash on Cash Return: 10.9%
Estimated Internal Rate of Return: 17%
This was early in the Warrior days. I had encouraging discussions with Powell Chee and Jens Nielsen but at the time we were all in the same Newbee boat
I had already done a fair amount in real estate, including trying to syndicate a deal, before signing up. Prior to June 2017 I had plateaued. I signed up for the knowledge, encouragement and the network. I received an abundance of each and that has made the program priceless for me.
I’d had several conversations with a potential partner in the market. They had good local broker contacts. When they were presented with this property we jumped on it.
Freddie 10 years with 2 years I/O
* 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.