All Forum Posts by: Adrian Moening

@Barb Miller that's great.  We do not have a speaker just open networking.  I hope to see you there!

If you are planning to attend leave a quick note or send a quick message.

Hello all and happy new year! It's time to regroup and refocus our game plans. And enjoy some good conversation about investing in real estate. Join us Friday 1/28 at 6:00 at Stolen Sun Brewery in Exton for the Chester County Real Estate Investors meetup.  The only thing you are required to bring is your 2022 investing game plan, but they do sell great food and drinks.  

Hope to see you there!

Investment Info:

Single-family residence other investment.

Purchase price: $172,000
Cash invested: $20,000

First vacation home and short term rental.

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

Wanted a vacation home but needed to offset the costs.

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

I am an agent. MLS

How did you finance this deal?

Traditional financing. Second property loan 10% down.

How did you add value to the deal?

Updated flooring and furnished it. Added some decorations and turned the workshop garage into a game room.

What was the outcome?

We love it and so do our guests.

Lessons learned? Challenges?

Wear and tear is real. Currently have a plumber replacing the well pump AND water heater.

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

Yes. Me, I'm happy to help you guys too.

Thanks to all who made it out last month for our first ever Chester County real estate investors meetup.  It was a great night with some great discussion.  It's about time to get together for the next one as November is already here.  This month's meeting will be at the same location and time on November 10th from 6:00 to 8:00.  I look forward to seeing everyone again and of course newcomers are welcome.  

Ok see you soon!

Thanks for your interest, I look forward to seeing everyone at the meetup this Wednesday 10/6 at 6:00.  There’s no need to bring anything. See you then! 

Join us for the inaugural Chester county real estate investors meetup.  There will be no pitching or sales just some casual conversation about all things real estate investing.   No fees no purchase necessary but they serve great food and beer.  From 6:00 to 8:00 starting on 10/6. If you plan to attend send me a quick message.  See you then! 

@Dana Winer thanks for a great response.  I am below market on these units, but they do need updating.  No one reached out with any events so I’m thinking business as usual.  Thanks. 

@Michael Noto thank you.  My rents are already low so that makes sense. If I have to find new tenants I’ll update the unit and bring the rent to current market rates.