Address: The Apartments on Vanstory
Number of Units: 42
Value Add Deal? Yes
Purchase Price: $3,150,000
Estimated monthly increase projected? $250+
Anticipated value after value add: $4,900,000
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 16.59%
The Warrior Program has greatly accelerated the rate at which I would have accomplished a deal and allowed tremendous networking and relationship building. It has encouraged me to stay motivated and surround myself with like minded individuals with similar goals.
Local Warrior Teammate (Anchal and Dinesh) brought me in on the deal.
Bridge Debt, 70% LTV and 100% cap-ex, 3+1+1, I/O 3 yrs.
Rapid increased costs with Rate Cap purchase (more than doubled from the time LOI was sent), higher than expected Lender Fees with closing.
Plan for increased unexpected closing costs and costs outside of your control.
* 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.