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365: 220 Chevy Case Study: Increased Value from $11.65M to $18.4M in 18 Months!
In today’s episode, I wanted to jump on the mic and take you through a property we call 220 Chevy. I’ll walk you through everything we did, from the beginning to how we’re nearing the completion of a true value-add.
When we bought the Forest Ridge Apartments complex in April 2021, it was generating $115,000/month on 200 occupied units. Fast forward to 18 months later, we’re bringing in $184,000 a month and have raised its value from $11.65M to $18.4M.
You’ll learn how we successfully filled our vacancies, raised rents by an average of 70% across units, and created long-term wealth for our investors and forever passive income.
Key Takeaways with Josh Cantwell
- What made 220 Chevy such an appealing property and investment opportunity.
- The challenge of filling units during the winter in Ohio.
- How taking management quality from C- to A makes it easy to raise rents without dealing with evictions or move outs.
- How we structured the 220 Chevy deal to create substantial wealth for our investors.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/365
Rate & Review
If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Josh Cantwell
- YouTube
Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell
To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
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By Accelerated Real Estate Investor Podcast
4.9
230230 ratings
In today’s episode, I wanted to jump on the mic and take you through a property we call 220 Chevy. I’ll walk you through everything we did, from the beginning to how we’re nearing the completion of a true value-add.
When we bought the Forest Ridge Apartments complex in April 2021, it was generating $115,000/month on 200 occupied units. Fast forward to 18 months later, we’re bringing in $184,000 a month and have raised its value from $11.65M to $18.4M.
You’ll learn how we successfully filled our vacancies, raised rents by an average of 70% across units, and created long-term wealth for our investors and forever passive income.
Key Takeaways with Josh Cantwell
- What made 220 Chevy such an appealing property and investment opportunity.
- The challenge of filling units during the winter in Ohio.
- How taking management quality from C- to A makes it easy to raise rents without dealing with evictions or move outs.
- How we structured the 220 Chevy deal to create substantial wealth for our investors.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/365
Rate & Review
If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Josh Cantwell
- YouTube
Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell
To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com