Real Estate Investing Company

MULTIFAMILY INVESTMENT

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about

ABOUT US

Located in Cambridge, MA, ChadPADS, LLC is a real estate investment company that focuses on buying, holding and repositioning under performing multifamily properties for profit.

Fundamental Long-Term Investments

“Fundamental” investments serve as the cornerstone of the company’s strategy. Purchasing properties with the ability to generate consistently strong cash flow over the long-term allows the company to withstand large market fluctuations and will continue to receive passive income into perpetuity. Properties considered as fundamental investment are located in areas where long-term growth (population, job, income, etc) is expected to thrive.

Value Play Short-Term Investments

When available, the company makes “value play” investments to generate short-term (1-5 years) capital gains. The key to the value play is to purchase mismanaged properties in temporarily depressed areas at well below current market rates; the goal is to add short-term value and resell or refinance for large capital gains. These types of transactions provide the working capital needed to acquire additional longer-term “fundamental” investments. 

team

OUR TEAM

CHAD DUVAL

Founder/Chief Strategist – Click Here for more…

PHYLLIS JOHANSON

CPA

BRETT ALLERD

Attorney/Legal Counsel 

JOANNE GAGNON

Debt Analyst – Bank of New Hampshire

STEVE WALLS

Construction & Project Management

ERNEST (ERNIE) MILLETTE

Commercial Real Estate Broker

REAL PROPERTY MANAGEMENT

Property Management – Click Here for more…

KEN DUVAL

Physical Structure Analyst

JASON ANSTEY

Grounds Management

acquisition

ACQUISITION CRITERIA

Cap Rate

Property must have a capitalization rate of or greater than 8%

Cash-On-Cash

Property must have a year 1 cash-on-cash return greater than 8%, and subsequent year cash-on-cash returns greater than 12%

DSCR

Property must have a debt service coverage ratio (DSCR) of at least 125%

Number of Units

The company specializes in buildings with 10 to 50 units, where barriers of entry are too high for average investors and too small for institutional investors

Value Add

Property must have a value add component, such as able to raise low rents to market rate, fill low occupancy and able to recover expenses utilizing a utility bill back system

Total Return

Property must have a year 1 total return of at least 18% (assuming 0% appreciation). Total return consists of cash-flow, equity accrual, appreciation, and tax benefits 

scores

STATISTICS

389

Offers

26

Pads

3

Cities

4

Acquisitions

portfolio

PORTFOLIO SUMMARY

9 Unit – New Hampshire

 

 

Creative Financing & Negotiation

15% down payment
85% seller financing
3% broker fee contribution

Property Issues - Pre Acquisition

Interior and exterior deferred maintenance
High vacancy rate and poor utility management
Unit rentals were 8% below market rate

Implemented Solutions - Post Acquisition

Conducted necessary maintenance to all units, once vacant
Developed unit advertising and referral programs – resulted in 100% occupancy
Implemented Utility Bill Back System – yearly cost savings of $11,571
Implemented late and pet fee’s – $1,320 yearly income increase

2 Unit – Connecticut

 

Creative Financing & Negotiation

USDA loan with 0% down payment
Seller repaired $9,000 of chimney work prior to closing and paid all closing costs

Property Issues - Pre Acquisition

Extensive interior and exterior deferred maintenance
Unfinished walk out basement
Dismal landscape and lack of curb appeal

Implemented Solutions - Post Acquisition

 Used $9,000 chimney savings to immediately address deferred maintenance
Transformed unfinished basement into in-law apartment, yielding additional $300 in monthly rent
Re-landscaped property to increase curb appeal and rent-ability

 
get-connected

STAY CONNECTED

DAILY UPDATES ON TWITTER

@iamchadduval 

FACE-TO-FACE WITH SKYPE

@iamchadduval 

WEEKLY POSTS ON BIGGERPOCKETS

@iamchadduval 

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GET OUR COMPANY’S INFOGRAPHIC NOW!

We’ve designed this tool for Bankers, Brokers and Investors alike. Download to receive information on our team, buying track record, buying criteria and investment cycle, all packaged into a nice little infographic.

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contact

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