I have been in the technology field for the past 13 years. Started real estate journey in 2016 by single family flips and started MF in 2021.
Address: Sohana Apartments, Nashville, TN
Number of Units: 83
Value Add Deal? Yes
Purchase Price: $14,000,000
Estimated monthly increase projected? $150/unit
Anticipated value after value add: $19,000,000
Estimated Cash on Cash Return: 10%
Estimated Internal Rate of Return: 16%
Awesome group, learnt a lot from my coach Matt Picheny.
Lender backed out 1 week before closing, had to get an extension from the seller and find a new lender. Had to raise additional money as the lending terms changed.
Have backup lenders ready to finance your deal
* 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.