All Forum Posts by: Chad Cluff

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $700,000
Cash invested: $170,000

1.25 acres with 3 properties, 4 unit, 3 unit and a 7 bedroom house. Updated and rented all units within 60 days of closing.

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

I had 1031 money and the owner was willing to carry the note for a few years with 20% down. It met most of my 1031 requirement and is in a major growth path. The plan is to cashflow for 3-5 years then develop it into 60+ apartments.

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

One of the properties was on the MLS.

How did you finance this deal?

20% down owner carry.

How did you add value to the deal?

I am a management genius.

What was the outcome?

Amazing cashflow, helping a lot of people find a place to live and a cool property.

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

I worked with myself and was completely satisfied.

Investment Info:

Retail commercial investment investment.

Purchase price: $420,000
Cash invested: $250,000

Single level building with cool interior and exterior. Two retail suites and one retail space with warehouse in the back. I own the building next to it and once the zoning is changed (next 2-5 years) I can build 20+ apartments on top.

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

I own the building next to it and it is in a high growth potential area.

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

Contacted the owner.

How did you finance this deal?

Half+ in cash and remaining portion with private lender. I will clean the space up, lease it and then refinance with a commercial bank to get most of my cash out.

How did you add value to the deal?

Clean it up and do a lot better job at marketing it than the previous owner.

What was the outcome?

TBD however it will be awesome.

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

I am a broker and I am incredible at what I do however I am not for hire....