Warrior Win

Todd Grunow

Todd Grunow brings 7 years of real estate investing experience through the purchasing and managing of multiple properties.
Since 2015, he has been involved with many fix/flips along with buy and hold single family homes in Washington State. He is taking his passion of real estate and is now focusing and progressing from single family units into Multifamily assets across the country. His greatest attributes are highlighted through managing the operations and renovations with contractors.

Property Details

Address: Broadway Palms
Number of Units: 12
Value Add Deal? Yes
Purchase Price: $1,278,500
Estimated monthly increase projected? $400
Anticipated value after value add: $2,150,000
Estimated Cash on Cash Return: 7.44%
Estimated Internal Rate of Return: 34.2%

Warrior team
shout outs:

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

The warrior group is one of a kind and I’m so grateful for this group.

How did you find this property?

Off Market deal.

How did you structure the financing of this property?

12 month bridge loan at 80% LTV at 8.79% interest (lastminute financing change) with refi Y2 to traditional 30 yr term at 75% LTV at 6.0% interest. CapEx is a draw.

Was this a joint venture or syndication?


How did you raise the equity?

Friends & Family.

What was the equity raise?


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

With rates changing, our initial lender couldn’t meet his quote and went dark, unable to reach him and he didn’t return calls/emails. With no initial extension built in, we were able to extend our closing date and scrambled to get a new lender on board with inspections, appraisals, etc. completed before the new closing date. Our bridge loan rate wasn’t ideal but we were able to get it done and have enough equity in the deal to overcome the initial rate.

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

Moving forward we will ensure at least one extension is baked into the PSA. We’ll also work with lenders who are worked with from within the warrior group and build a strong lender relationship.

* 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.