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Address: 2465 Harvard Ave, San Angelo, TX 76904
Number of Units: 52
Value Add Deal? Yes
Purchase Price: $2,650,000
Estimated monthly increase projected? $100/unit
Anticipated value after value add: $4-5M
Estimated Cash on Cash Return: 6-8%
Estimated Internal Rate of Return: 14-16%
Excellent network with like-minded people.
On market listing with a major brokerage house. Part of a multi-property package seller was liquidating.
Assuming the existing loan from the seller at 3.48% fixed interested rate through 2030 at 75% LTV.
Syndication.
Friends, colleagues, general investors, and patterning with other warriors.
$1,750,000.
First MF acquisition and steep learning curve, putting together a winning team, lengthy negotiations with broker and seller on pricing, finding a good PM who knows the market, finding out about 4 down units during DD.
Understand the reason behind a distressed property, and be confident on the ability to turnaround the property with detailed business plan and strong property management.
* 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.
If you hold interest in multifamily property investing, then we have numerous multi-family real estate investing courses for you under which we offer the best multifamily investing coaching. All you need to do is to enroll yourself in one or more programs and we will provide the best apartment investing coaching as we connect you with apartment investors network. So, what are you waiting for? Enroll today!
242 S. Washington Blvd Suite 319 Sarasota, FL 34236
+1-941-225-8477
As one of America’s top real estate professionals Rod mentors business leaders and entrepreneurs through world-class speaking events, books, and training courses online and around the world.
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242 S. Washington Blvd Suite 319
Sarasota, FL 34236
