Chester Rental Property

[Dan Powers]

Investment Info:

Single-family residence buy & hold investment in Chester.

Purchase price: $65,000
Cash invested: $5,000

This property was a cash flow landlord's dream. Now I won't sugar coat it, Chester is well Chester, there's not to much I have to say about it. But if your able to get past that then the numbers are incredible, 65k purchase, super minimual rehab maybe 5k, bringing in $1000 a month, with an ARV of 90k.

What made you interested in investing in this type of deal?

What made my investor interested in this deal was simple, with a purchase price of 65k, and bringing in $1000 monthly, you can't beat those numbers.

How did you find this deal and how did you negotiate it?

This deal was sourced through New Acquisitions, it was a first come first serve deal.

How did you finance this deal?

The property was purchased with cash.

How did you add value to the deal?

Our property was in great condition as is, with stainless steel apps in the kitchen, central air, and super clean overall. With an ARV of 90k, we were a paint job away from hitting that.

What was the outcome?

The outcome is a massive cash-flowing property in great condition with very little maintenance costs.

Lessons learned? Challenges?

The only challenge we encountered was initial access to the property due to the tenant being on vacation. Other then that closing was a breeze.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Dan Powers - New Western Acquisitions