Justin C.

Rental Property Investor

NW, PAMember since 2014

About myself

Buy and hold, value add investor $2M in assets owned and managed $1.5M in private money raised $300k in gross rents collected in 2020 Owner of Stonehouse Management Company a private property management company. www.Stonehouse.Management Looking for large multifamily value add properties. Experience: Bought and renovated 1st property with cash. 2nd property financed in exchange for liens on both properties and walked away with $18k cash at closing. Bought 3rd with 100% financing with private investor. Bought 4th for $25k + $35k in renovations off LOCs, then the classic cashout refinance and paid everything off. Bought 5 & 6 together for $95k + $25k in renovations with LOCs, then the cash refinance process again. Gross Annual Rents $76k. Portfolio CAP at 13.5% We have a solid team with a great mentor involved in every aspect of our business. Mentor, Attorney, Banker, Realtor, and a slew of great carpenters, plumbers, electricians, painters, and general laborers. Without them, the system could not function as clean as it does. Real Estate Goals: Substantial NOI Currently Seeking: Flips, buy & holds, and overall project and property management. Partnerships and creative entity development is very attractive. I love this aspect of the game.

Interests

RentalsShort-Term RentalsCommercialOther Strategies

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Active almost 5 years ago

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