Warrior Win

Trevor and Shannon Sherman

Shannon is a retired Physician Assistant and Trevor is an active airline pilot. We started our real estate journey 17 years ago with our first single family rental and have since acquired 9 single family rentals. We joined the Warrior program in August of 2022 looking to go bigger. We have since invested as LPs in properties in Texas and Nashville and are GPs on 4 deals in Florida, Georgia, and North Carolina.

Property Details

Address: Elon Place Industrial Complex
Number of Units: 1
Value Add Deal? Yes
Purchase Price: $2,200,000
Estimated monthly increase projected? $436,000
Anticipated value after value add: $5,000,000
Estimated Cash on Cash Return: 4.4%
Estimated Internal Rate of Return: 20%

Warrior team
shout outs:

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

We have very much enjoyed the program. We are amazed at all the great people we have met and worked with. It has been life changing for us and we are very grateful to be where we are today.

How did you find this property?

The leader of our team found this property and brought us on board as GPs.

How did you structure the financing of this property?

Investor money is used for a $500,000 down payment and the rest is a 6.5% fixed rate loan.

Was this a joint venture or syndication?


How did you raise the equity?

Still raising but using webinars, emails and known investors. This is a 506b.

What was the equity raise?


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

The purchase was for the industrial property and the lot next door from the same owner. The original value add plan was for a much larger indutrial building to be developed. However, once the environmental study was done, it was determined there was wetland with a stream in the middle of the property and we could not build on a large portion of the lot. We were able to retrade the cost of the lot to a significant amount and redesign the new building to fit the allowable space.

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

Doing the due dilligence and having a backup plan is very important. This is the first development deal we have done and the whole process of the planning and permitting was very interesting and educational.

* 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.