Warrior Win

Tarek Ahmed Eid and Roushel Eid

We started investing in SFR in 2019 and joined the Warriors on July 2022. Since joining we are fortunate to be co GPs in 4 deals.

 

 

 

Property Details

Address: Creekside at Chatham, 25 Creekside Cir, Pittsboro, NC 27312
Number of Units: 41
Value Add Deal? Yes
Purchase Price: $4.1M
Estimated monthly increase projected? $150-250/unit
Anticipated value after value add: $6.2 Million
Estimated Cash on Cash Return: 6-7%
Estimated Internal Rate of Return: 17-19%

Warrior team
shout outs:

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

The Warrior program had been a blessing. I could no have asked for more from a mentorship group. We want to thank Michael Bailey (who is also a Warrior) for helping us get started.

How did you find this property?

Our local partner found it through broker relationship.

How did you structure the financing of this property?

60% loan, 40% Equity raise.

Was this a joint venture or syndication?

Syndication.

How did you raise the equity?

We raised from 506B investors then switched to 506C Investor.

What was the equity raise?

$1.8Million.

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

We had a $1M 1031 exchange that fell through so we had to find investors to fill in that gap.

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

Investor funds are not final unless money is in the bank.

* 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.