Warrior Win
Travis
Property Details
Address: Westside Manor, Salisbury NC
Number of Units: 64
Value Add Deal? Yes
Purchase Price: $512,000
Estimated monthly increase projected? $150/unit
Anticipated value after value add: 8 MM
Estimated Cash on Cash Return: 9.5%
Estimated Internal Rate of Return: 25%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Networking is amazing
How did you find this property?
Ed Modzel.
How did you structure the financing of this property?
Was this a joint venture or syndication?
Syndication
How did you raise the equity?
Proceeds from a previous exit.
What was the equity raise?
1.5 MM
What are some hurdles you had to overcome to get this deal done?
Quick close so we had to mobilize cash in a relatively short period.
What are some of the lessons you learned with this deal?
TEAM!!!
* 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.