So, let me tell you about this wild ride I embarked on with 639 Plymouth Rd. It's not your typical investment story, let me warn you. This 4,617 square foot beauty, sitting snug on a 0.26-acre lot with 6 bathrooms, seemed like a promising catch when I snagged it off-market back in September 2023 for $610,000. Little did I know, it came with a side of tenant drama that would test my limits.

Picture this: I step into my new property, all pumped up and ready to take charge. But instead of a warm welcome, I'm greeted by a bunch of angry tenants, fuming over the mess left behind by the previous management. Talk about a buzzkill!

Now, I'm no stranger to dealing with tenants, but this was on a whole other level. These folks had been through the wringer, mistreated and neglected by the previous owners. And here I am, trying to convince them that I'm not cut from the same cloth.

It was challenging, to say the least. I had to do some serious damage control, smoothing things over and assuring them that I had their backs. We had heart-to-heart chats, I listened to their grievances, and boy, did I learn a lot.

But let me tell you, it was overwhelming. I thought I had it all figured out with my other 12 rental units, but 639 Plymouth Rd threw me for a loop. There were so many issues to tackle, I felt like I was drowning in a sea of problems.

Eventually, I had to swallow my pride and admit that I needed help. So, I brought in a top-notch property management team to save the day. And you know what? It was the best decision I ever made.

With their expertise and my determination, we tackled those issues head-on. From fixing up neglected maintenance to improving communication with the tenants, we turned things around one step at a time. And let me tell you, seeing that transformation unfold was nothing short of magical.

Today, 639 Plymouth Rd is a shining example of resilience and triumph. Sure, it was a rocky road getting here, but every challenge we faced only made the victory sweeter. So, if you ever find yourself in a similar situation, just remember: with a little grit and a lot of perseverance, anything is possible.

What made you interested in investing in this type of deal?

It was the challenge and potential. Sure, 639 Plymouth Rd had its issues – angry tenants, neglected maintenance – but beneath that, I saw opportunity. I love projects where I can make a real difference, and this was it. Despite the hurdles, I thrive on challenges. Turning a rundown property into a profitable investment? That's what gets me going. And diving into Plymouth Rd? One of the best decisions I ever made.

How did you find this deal and how did you negotiate it?

I stumbled upon this deal thanks to a friend in real estate who gave me the heads up about this off-market gem. Negotiating wasn't smooth sailing, though. The owner had a price, but I knew there were issues. We had to chat back and forth until we found a price that worked for both of us. It was all about finding that sweet spot where we both felt like we came out on top.

How did you finance this deal?

I financed this deal through a hard money lender. They were willing to front the cash quickly, which was crucial for sealing the deal. It was a lifesaver, honestly.

How did you add value to the deal?

I added value to the deal by rolling up my sleeves and diving into the nitty-gritty. I tackled the tenant issues head-on, sorted out maintenance problems, and spruced up the property to make it more attractive. It was hands-on work, but it paid off big time.

What was the outcome?

Turns out, all the sweat and hustle paid off. With the tenant issues sorted and the property looking sharp, I attracted new tenants and boosted the property's value. It was a sweet victory, let me tell you.

Lessons learned? Challenges?

I learned the importance of being hands-on and proactive, especially when dealing with tenant issues. Challenges? Let's just say tackling those problems head-on was no walk in the park, but it was worth it in the end.