I am a devoted husband and father. My day job is being a dentist. When I entered dentistry I became interested in real estate, which is when I started educating myself and saving money to invest. This is how I found Rod. My wife and I started investing over the past year and half. We have an eight unit, two houses, and have invested passively in a few apartment syndications. I am passionate about reaching my potential as father, husband, businessman, man of faith, and a fanatic of all things health related.
Address: 146 Kentucky Avenue Lexington, KY
Number of Units: 9
Value Add Deal? Yes
Purchase Price: $565,000
Estimated monthly increase projected? $2,275
Anticipated value after value add: $875,000
Estimated Cash on Cash Return: 13%
Randomly reaching out to my broker friend and inviting him to lunch. The deal had just come across his desk.
Local bank; 20% down including additional 90k for capex 7 yr term, 25yr am, and 20k closing credit
Have better due-diligence procedures, work with a more professional company than lowes for delivery of all materials needed for reno (so I don’t have to run back and forth 100x). Have a better lease that spells out all possible scenarios.
* 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.