Warrior Win

Tim Davis

I purchased my first rental property when I was 18. I have purchased many single family homes and small apartments over the last 40 years. I am currently a licensed building contractor and licensed broker in the state of Florida. I own a property management company that manages a little over 500 units in central Florida.




Property Details

Address: Hoosier Mobile Home Park 2735 W 10th Street, Lakeland, FL 33805.
Number of Units: 19
Value Add Deal? Yes….Rents were undermarked and there was some differed maintenance.
Purchase Price: $1,375,000
Estimated monthly increase projected? 30% first year. 10% next year. 3% after that.
Anticipated value after value add: $3,200,000
Estimated Cash on Cash Return: 8%
Estimated Internal Rate of Return: 15%

Warrior team
shout outs:

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

I believe it is the best program out there for apartment syndication.

How did you find this property?

I found it on the MLS.

How did you structure the financing of this property?

100% limited partner funding. No bank loan involved. LPs are receiving 7% preferred return from day 1.

Was this a joint venture or syndication?


How did you raise the equity?

506B. Friends and family.

What was the equity raise?


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

This was owned by a mom and pop and there record keeping was not real good. This made our due diligence process a little difficult.

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

Start raising money earlier. On closing day we did not have the full amount to close. We had to fund all but $175,000 on closing day. The final part came in a couple days later and everything worked out but it did take some negotiating to get it done.

* 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.