Real Estate Investing, my story.
My name is Melissa Chinn. I have chosen to invest in real estate to support my future retirement, fund my son’s college education and continue the legacy of my late father, Ronald Chinn.
My father died of a massive heart attack when I was only 10 years old. He was only 42 years old. The sole provider for our family of 5 (Dad, Mom, 2 older sisters), so when he passed away it was very much a shock to our family.
Purchase History
In 2014, I sold my portion of our family farm in Salinas, California known as the Hettrick Ranch. I did a 1031-exchange, which allows you to avoid paying capital gains taxes selling an investment property and reinvesting the proceeds from the sale within certain time limits in properties of like-kind and equal or greater value.
Single Family Homes
Cities
Properties Sold
Currently Owned
My Portfolio
I currently own 9 investment properties and my personal home for a total of 10 properties.
Sioux Falls, South Dakota
The Beach House
Sioux Falls, South Dakota
The Tree House
Sioux Falls, South Dakota
The Klein Condo
Sioux Falls, South Dakota
The Connie Cottage
Hueytown, Alabama
29th Avenue
Gardendale, Alabama
Glenn Chapel
Birmingham, Alabama
Highland Avenue
Pinson, Alabama
Dug Hollow Road
Center Point, Alabama
Third Avenue
Rossville, Georgia
Cherokee Trail
The Cliff House
3 Bedrooms | 1 Bath | 1,174 sq ft
Sioux Falls, South Dakota
Purchased September 2014
Purchase Price $119,000
Rent $1,000/month for 38 months
Property Taxes $1,516
Insurance $674
Sold January 2018
Sold Price $120,000
The Blue House
3 Bedrooms | 2 Bath | 1,805 sq ft
Sioux Falls, South Dakota
Purchased August 2014
Purchase Price $114,500
Rent $1,260/month for 41 months
Renovation Expenses $30,000
(borrowed money)
Property Taxes $1,675
Insurance $670
Sold January 2018
Sold Price $165,000
The Drexel House
4 Bedrooms | 2 Bath | 1,792 sq ft
Sioux Falls, South Dakota
Purchased September 2014
Purchase Price $147,900
Rent $1,340/month for 39 months
Property Taxes $1,841
Insurance $706
Sold March 2018
Sold Price $174,900
Gwin Avenue
2 Bedrooms | 1 Bath | 1,080 sq ft
Bessimer, Alabama
Purchased October 2014
Purchase Price $75,000
Rent $775/month for 95 months
Property Taxes $472
Insurance $675
Sold September 2022
Sold Price $100,000
Barrington Lane
3 Bedrooms | 1 Bath | 920 sq ft
Birmingham, Alabama
Purchased October 2014
Purchase Price $75,000
Rent $750/month for 95 months
Property Taxes $780
Insurance $507
Sold September 2022
Sold Price $100,000
It’s about who you know.
Asset Preservation – 1031 Exchange
Asset Preservation is committed to providing investors the highest levels of experience, expertise, and security of funds in the 1031 exchange qualified intermediary industry
SPARTAN INVEST – Turnkey Investments
Spartan Invest is a full service turn-key investment company that makes being a real estate investor SIMPLE.
CAMBRIDGE COMPANIES – Investment Firm
An established leader in alternative asset management and a trusted partner to many of the world’s top institutional, corporate, family office and individual investors.
Sioux Falls Area Vendors
SV Electric 605-759-4451
Sioux Falls Plumbing 605-731-9019
Waterbury (HVAC) 605-277-7336
Lightning Exteriors (roofing) 605-496-9595
Buck Solutions (Lawn / Snow Removal) 605-310-4824
Champion Tree 605-496-2163
Midwest Blinds 605-261-4107
Memory Gallery
The 6 months surrouding the time doing my 1031 exchange was a whirlwind. From travelling to Las Vegas and Birmingham, to working a full time job, and rehabbing the homes.
