Caroline O’Connell Rental Property Deal

 

Caroline O’Connell Rental Property Deal

MCW Property Solutions, LLC. in Ceres, CA
Caroline O’Connell with Mark Winchester and Carol O\'Connell

We purchased a total of 4 Rental properties from Quad Cities in Illinois for $339000.00 in Sept. 2017. The 4 properties have a COCR of $1047.00 per month, the ROI is 14.82%.

Rental Property Details

Property City: Moline
Property State: IL

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Case Study

How did you find and structure the financing of this deal?

We worked with the Passive Income club who put us in touch with Quad Cities. We had Quad Cities work up a package deal that yielded a good return. For financing we worked with Supreme Lending putting 25% down on the properties and financed the remainder of the deal.


Provide a summary of the repairs and improvements you made to the property.

The properties were already rehabbed/renovated by Quad Cities. There were no repairs or improvements for us to make. Three of the properties were already rented and the tenants moved into the fourth property on Nov. 1st.


What are some of the major lessons learned that you would like to share with other students that they can learn from?

We learned a lot about putting package deals together when purchasing properties. We learned how to look at all the numbers to ensure the deal meet our requirements. We are currently in the process of buying 2 more rental properties from Quad Cities.


Shout Outs & Testimonials

John Blackburn did an amazing job in pairing us up with the Quad Cities team and ensuring a great deal was put together for us.




Before & After Photos