All Forum Posts by: Chad Carroll

Hello All,

Im Chad and I have about 20 units I manage in West Ventura County. Id like to meet up with other who invest right here in our local area to share Contractors, Lenders, and Strategies. Let me know what you have going and how I can help make your problems go away.

We are in the middle of rehabbing 6 units in Santa Paula and looking to add a ground up ADU. Do you have experience with this? Lets talk!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $40,000

3 Bed / 2 Bath, 1250 sqft Remodeled in 2005

How did you finance this deal?

Owner Financing

How did you add value to the deal?

Complete Remodel in 2005

What was the outcome?

Home is paid off now and is my CashFlow Reserve for other Properties.

Lessons learned? Challenges?

I could sell or Refi and have a payment on this home but then hold a larger reserve in cash not making much. I hold this property paid off knowing it provides $2,400 a month in cash flow to cover any other property that may be vacant for the month.

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

Marissa Buss at Aviara Real Estate 818-515-7131