All Forum Posts by: Chad Delhotal

Just over 4 months.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $189,000

Purchased with the help of Norada Real Estate and a private lender loan (family member).

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

Started listening to Marco Santarelli's Passive Real Estate Investing Podcast

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

Melissa Nash of Norads Real Estate put me in contact with Tam Hofhines and Cash Flow Props in Kansas City.

How did you finance this deal?

A family member agreed to finance the down payment, but I ran into a snag obtaining conventional financing so I ended up borrowing the entire purchase price from the private lender.

How did you add value to the deal?

Didn't

What was the outcome?

Good cashflow and a desire to do it again.

Lessons learned? Challenges?

I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.

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

Melissa Nash and Norada are great and my experience with Tam Hofhines and Cash Flow Props in Kansas City has been excellent as well.

I live in Santa Barbara. Talk about difficult to find cashflow! Highly recommend investing out of state.  There are a few companies that will help connect you with out of state turnkey properties and management companies.  I have been working with Norada (https://www.noradarealestate.com/) and have been very happy so far!  Marco has a great podcast with tons of valuable info as well.