Warrior Win
Troy Trecroce
Property Details
Address: Merrill Oaks Apartments
Number of Units: 17
Value Add Deal? Yes
Purchase Price: $1,176,000
Estimated monthly increase projected? $275-$500
Anticipated value after value add: $2,000,000
Estimated Cash on Cash Return: 9%
Estimated Internal Rate of Return: 14%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Amazing experience. The mindset shift and relationships built within this community have completely altered my outlook and trajectory in work/life in such a positive way.
How did you find this property?
Brought to me by another Warrior with whom I had a pre-existing relationship.
How did you structure the financing of this property?
Private lender – 5-yr ARM, 75% LTV, 4.35%
Was this a joint venture or syndication?
Joint Venture.
How did you raise the equity?
JV partners.
What was the equity raise?
$400k
What are some hurdles you had to overcome to get this deal done?
Anticipated financing fell through at the 11th hour.
What are some of the lessons you learned with this deal?
Stay on top of all parties involved during due diligence period through closing.
* 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.