All Forum Posts by: Alyson Anderson

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $610,000
Cash invested: $50,000

I bought it off-market in 2023, thinking it was a steal. But boy, was I in for a surprise. Angry tenants, neglected by the previous owner, greeted me. It was a mess. I had to reassure them, smooth things over, and learn on the fly. Eventually, I brought in pros to help. Together, we fixed issues and turned things around. Now, Plymouth Rd is a success story, teaching me that with perseverance, anything's 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.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $610,000
Cash invested: $50,000

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.

It previously was a 3 unit and still has the electrical meters. Please verify with the city. 

Are you an investor seeking a golden opportunity in the real estate market? Look no further than 1713 Linden Ave in Baltimore City, Maryland. This stunning property has been fully renovated and presents a unique chance to convert it into a lucrative 3-4 unit rental property. With its impressive features and prime location, it's an investment that promises both aesthetic appeal and financial rewards.

A Bright Beginning:

Step into 1713 Linden Ave and immerse yourself in a world of light and space. The high ceilings and abundant natural light create an open and inviting atmosphere, setting the stage for a captivating living experience. The spacious living area, adorned with its soaring ceilings, immediately showcases the attention to detail and meticulous craftsmanship that has gone into the renovation.

A Culinary Haven:

The heart of this residence lies in its brand-new kitchen, a masterpiece of modern design and functionality. Fitted with top-of-the-line appliances and sleek countertops, this kitchen is every chef's dream. The stylish cabinetry and stainless-steel appliances create a visually striking and highly functional space that will undoubtedly impress tenants seeking a contemporary living experience.

Luxurious Bathrooms:

The commitment to excellence extends to the renovated bathrooms as well. Each bathroom has been thoughtfully designed with elegant fixtures, designer tiles, and luxurious features that transform the space into a spa-like retreat. This level of attention to detail ensures that your future tenants will relish in the comfort and luxury of a high-end living experience.

Outdoor Oasis:

Beyond the captivating interiors, 1713 Linden Ave offers a private outdoor oasis. Whether your tenants are enjoying a peaceful morning or hosting guests, the high ceilings and natural light seamlessly transition to the backyard. The fenced yard not only ensures privacy but also provides the perfect setting for relaxation and outdoor activities.

Prime Location:

Situated in a sought-after neighborhood, 1713 Linden Ave offers easy access to a wide array of amenities. Local shops, restaurants, parks, and entertainment options are just a short distance away, ensuring that your future tenants will have everything they need within reach. Commuting is convenient with major highways and public transportation readily accessible, making this property even more appealing to potential renters.

Investment Opportunity:

Imagine the potential of transforming this remarkable property into a 3-4 unit rental property. With its bright living spaces, modern kitchen, luxurious bathrooms, and prime location, 1713 Linden Ave is primed for generating substantial rental income. The demand for quality housing in desirable neighborhoods is consistently high, making this investment opportunity all the more enticing.

Your Next Move:

Don't miss out on the chance to capitalize on the real estate market's potential. Schedule a private showing today and witness firsthand the charm of high ceilings, the allure of abundant natural light, and the allure of the newly renovated kitchen and bathrooms that make 1713 Linden Ave an exceptional investment. Secure your future in real estate by converting this property into a profitable rental venture. Your tenants will thank you for it, and your investment portfolio will flourish.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $440,000

It was a surreal moment. Our dream lake house in the NH Lakes Region was now ours. Standing on the porch, overlooking Locke Lake, it felt like a dream come true. The renovated house had an open-concept living space filled with natural light. Every detail made it a cozy retreat. Our dream had evolved into a cherished destination for travelers seeking solace and adventure.

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

I've always had a passion for real estate and the idea of creating unique experiences for people. When I came across this beautiful waterfront home in the NH Lakes Region, I saw the potential to turn it into something special. The combination of a fully furnished house, stunning location, and access to recreational amenities made it the perfect investment opportunity. Plus, the idea of sharing this dreamy lake house with others and making their vacations unforgettable was incredibly appealing to

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

Finding this deal was a stroke of luck, to be honest. I was actively searching for properties in the NH Lakes Region when I stumbled upon a listing for this waterfront home. It immediately caught my attention, and I knew I had to jump on it. As for negotiations, I worked closely with the seller and my real estate agent to come to a fair agreement. We discussed the terms, made some counteroffers, and ultimately reached a deal that worked for both parties. It was a collaborative process, and I'm g

How did you finance this deal?

I decided to finance this deal through PenFed Credit Union. They offered competitive rates and flexible financing options that aligned with my needs. With their support, I was able to secure the necessary funds to make my dream of owning this lake house a reality. PenFed Credit Union made the financing process smooth and straightforward, and I'm grateful for their assistance in making this investment possible.

How did you add value to the deal?

I added value to the deal by hiring StaySpace, a trusted short-term rental property management company. Their expertise and dedication in providing a "5-star" rental experience aligned perfectly with my goals. With their help, I was able to convert my investment property into a world-class short-term rental, ensuring that guests receive exceptional service and satisfaction. By entrusting StaySpace with managing the property, I gained more time for myself, maximized profits, and had peace of mind

What was the outcome?

The outcome was incredible. Our dream lake house turned Airbnb exceeded all expectations. Guests fell in love with the property and left glowing reviews, praising the beautiful location, thoughtful amenities, and exceptional service provided by StaySpace. The positive feedback translated into high occupancy rates and repeat bookings, maximizing our profits. Not only did we successfully share our dream with others, but we also achieved financial success and fulfillment. It was truly a win-win out

Lessons learned? Challenges?

I realized the benefits of entrusting property management to experts who specialize in short-term rentals. They handled the day-to-day operations allowing me to focus on other aspects of my life and investments. Overall, the experience taught me the importance of finding reliable partners and leveraging their expertise to overcome challenges. It provided me with a valuable lesson in effective delegation and the benefits it can bring to both property management and my own personal responsibilitie

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $440,000

It was a surreal moment, one that I had dreamt of for years. This beautiful, fully furnished waterfront home in the heart of the NH Lakes Region was now ours, and it felt like a dream come true. As I stood on the porch of our dream lake house, overlooking the serene waters of Locke Lake, I couldn't help but pinch myself. The lake house had undergone a meticulous renovation. The moment I stepped inside, I was greeted by an open-concept living, dining, and kitchen area. The space was filled with natural light streaming in through the windows, casting a warm glow on the tastefully decorated interior. Every detail had been carefully considered, making it feel like a cozy and inviting retreat. Our dream had become a reality, but it had also evolved into something beyond our imagination. Our lake house on Varney Road was no longer just our private sanctuary; it had become a cherished destination for travelers seeking solace, adventure, and a little slice of paradise.

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

I've always had a passion for real estate and the idea of creating unique experiences for people. When I came across this beautiful waterfront home in the NH Lakes Region, I saw the potential to turn it into something special. The combination of a fully furnished house, stunning location, and access to recreational amenities made it the perfect investment opportunity. Plus, the idea of sharing this dreamy lake house with others and making their vacations unforgettable was incredibly appealing to

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

Finding this deal was a stroke of luck, to be honest. I was actively searching for properties in the NH Lakes Region when I stumbled upon a listing for this waterfront home. It immediately caught my attention, and I knew I had to jump on it. As for negotiations, I worked closely with the seller and my real estate agent to come to a fair agreement. We discussed the terms, made some counteroffers, and ultimately reached a deal that worked for both parties. It was a collaborative process, and I'm g

How did you finance this deal?

I decided to finance this deal through PenFed Credit Union. They offered competitive rates and flexible financing options that aligned with my needs. With their support, I was able to secure the necessary funds to make my dream of owning this lake house a reality. PenFed Credit Union made the financing process smooth and straightforward, and I'm grateful for their assistance in making this investment possible.

How did you add value to the deal?

I added value to the deal by hiring StaySpace, a trusted short-term rental property management company. Their expertise and dedication in providing a "5-star" rental experience aligned perfectly with my goals. With their help, I was able to convert my investment property into a world-class short-term rental, ensuring that guests receive exceptional service and satisfaction. By entrusting StaySpace with managing the property, I gained more time for myself, maximized profits, and had peace of mind

What was the outcome?

The outcome was incredible. Our dream lake house turned Airbnb exceeded all expectations. Guests fell in love with the property and left glowing reviews, praising the beautiful location, thoughtful amenities, and exceptional service provided by StaySpace. The positive feedback translated into high occupancy rates and repeat bookings, maximizing our profits. Not only did we successfully share our dream with others, but we also achieved financial success and fulfillment. It was truly a win-win out

Lessons learned? Challenges?

I realized the benefits of entrusting property management to experts who specialize in short-term rentals. They handled the day-to-day operations allowing me to focus on other aspects of my life and investments. Overall, the experience taught me the importance of finding reliable partners and leveraging their expertise to overcome challenges. It provided me with a valuable lesson in effective delegation and the benefits it can bring to both property management and my own personal responsibilitie

Investment Info:

Small multi-family (2-4 units) buy & hold investment in North East.

Purchase price: $250,000
Cash invested: $80,000

I took on the challenge of buying a multi-family building at 111 E Cecil Ave, North East, MD 21901, and turning it into a rental with four units. The 2,506 square foot home on a 5,800 square foot lot needed a ton of work, including renovating the roof. With determination and a skilled team, we transformed the property into a beautiful rental. Now, it stands as a welcoming home for tenants to enjoy.

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

I was interested in investing in this type of deal because of the potential for generating multiple rental incomes from a single property, the promising location, the opportunity for renovations and improvements, and the expected returns on investment.

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

When it came to negotiation, I approached the seller with a fair offer based on market value, considering the property's condition and the scope of renovations required. I engaged in open and honest communication, discussing my plans for the property and emphasizing my commitment to revitalizing it. Ultimately, we reached a mutually beneficial agreement that allowed me to acquire the property and begin the transformation process.

How did you finance this deal?

By carefully assessing my financial situation and exploring various financing options, I was able to secure the necessary funds to acquire and renovate the multi-family building. The goal was to find a financing strategy that aligned with my long-term investment objectives while ensuring the project's financial feasibility.

How did you add value to the deal?

I invested in extensive renovations throughout the property. This included upgrading the roof, which was a critical component of ensuring the building's structural integrity. I also improved the plumbing and electrical systems, updated fixtures and finishes, and incorporated energy-efficient features to enhance the property's appeal and functionality.

What was the outcome?

After completing the renovations and listing the property for rent, I quickly attracted a pool of interested tenants. The demand for the newly renovated units exceeded my expectations, and I was able to secure reliable and responsible tenants for each of the four units.

Lessons learned? Challenges?

I learned the value of patience and perseverance throughout the entire investment journey. Renovations often encountered unexpected obstacles, and finding suitable tenants took time. However, staying focused, adaptable, and committed to the project's success helped me overcome these challenges and achieve favorable outcomes.

Investment Info:

Single-family residence buy & hold investment in Aberdeen.

Purchase price: $65,000
Cash invested: $55,000

At 18 Aberdeen Ave, a frozen-in-time townhome, our renovation adventure began with the bathroom—a sight to behold with mismatched tiles and a worn-out bathtub. With professional help, weeks turned into an eternity of sawdust and paint cans. Finally, our journey ended with a sense of accomplishment and a perfect tenant who embraced the house's unique story. The potential renters couldn't help but love the house along with us, realizing that this home had more to offer than just a place to live.

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

Investing in a frozen-in-time townhome like 18 Aberdeen Ave was an irresistible opportunity. The potential to breathe new life into a property with so much character and potential fueled my excitement. I saw it as a chance to combine my passion for renovation and storytelling, creating a unique rental experience for future tenants.

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

Finding this deal was a stroke of luck mixed with a healthy dose of curiosity. While exploring the charming town of Aberdeen, I stumbled upon 18 Aberdeen Ave and immediately saw its hidden potential. Intrigued, I reached out to the seller and began negotiations.

How did you finance this deal?

To finance this deal, I opted for conventional financing. I worked closely with a mortgage lender, providing them with all the necessary documentation and financial information. With their assistance, I secured a loan that covered the purchase price of $75,000. This financing option allowed me to proceed with the renovation and turn this property into a gem worth every penny.

How did you add value to the deal?

Investing my time, effort, and expertise into renovating and transforming the property. Through careful planning and execution, I enhanced its appeal and functionality. Upgrades such as updating the bathroom, refreshing the interior with vibrant colors, and improving the overall condition of the house significantly increased its value. The goal was to create a desirable rental property that would attract tenants and provide them with a comfortable and enjoyable living experience.

What was the outcome?

The outcome of the renovation exceeded my expectations. The property underwent a remarkable transformation, from a frozen-in-time townhome to a vibrant and inviting rental. With the improvements made, we were able to attract a perfect tenant who appreciated the house's unique charm and embraced its story. Not only did the investment prove financially rewarding, but it also brought a sense of fulfillment and accomplishment. The outcome was a successful venture that left a lasting positive impact

Lessons learned? Challenges?

Speaking of challenges, there were plenty along the way. The bathroom renovation proved to be a major undertaking, requiring professional assistance. Additionally, unexpected surprises and setbacks, such as the paint incident, taught me the importance of flexibility and adaptability when faced with unexpected circumstances.

Investment Info:

Single-family residence buy & hold investment in Queenstown.

Purchase price: $95,000
Cash invested: $54,000

I found the perfect house in a quaint neighborhood, but it didn't quite fit our two big dogs. Determined to make it work, I discovered 203k financing. After getting approved, we dove into renovations, creating a doggy haven and enjoying the nearby golf course and waterfront. The location was convenient, with quick-stop stations nearby and a peaceful atmosphere. It was close to major highways, great schools, and government buildings. When a job opportunity came up, we turned the house into a rent

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

I was immediately drawn to this investment opportunity for several reasons. Firstly, the potential for increased property value through renovations funded by 203k financing was enticing. It allowed me to customize the house to my preferences, creating a personalized sanctuary. The location was undeniably appealing, with a quiet neighborhood. The convenience of major highways reduced commuting times, and the area's excellent schools and proximity to community college and government buildings made

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

I found this incredible deal through diligent research and assistance from real estate professionals. Online platforms like Zillow and Realtor.com helped me filter properties based on my criteria. Local real estate agents specializing in the area provided access to a wider range of options through MLS.

How did you finance this deal?

Financing this deal was crucial to realizing my real estate dream. After thorough research, I opted for the 203k financing program. This loan allowed me to acquire and renovate the property by providing the necessary funds for both the purchase and subsequent improvements. It was the perfect solution that made my investment aspirations a reality.

How did you add value to the deal?

I paid attention to the details, ensuring that the finishes and fixtures were of high quality and aligned with modern trends. By making thoughtful design choices, I aimed to create a space that would appeal to potential tenants or future buyers, ultimately maximizing the property's attractiveness and marketability.

What was the outcome?

The strategic improvements and attention to detail paid off as the property quickly attracted interested tenants. Its desirable location, proximity to amenities, and the added value I incorporated, such as the dedicated doggy haven, set it apart from other rental options in the area.

Lessons learned? Challenges?

One of the key lessons I learned was the importance of thorough research and due diligence. Before making any decisions, I realized the significance of analyzing market trends, property values, and comparable sales. This knowledge allowed me to make informed choices and negotiate effectively during the acquisition process.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Throughout my real estate investment journey, I had the pleasure of working with a fantastic real estate agent who played a pivotal role in the success of the deal. Their expertise, dedication, and understanding of my goals were invaluable.

In fact, my positive experience working with this agent inspired me to pursue a career in real estate myself. I became a licensed real estate agent, driven by the desire to provide the same level of exceptional service and guidance to others.

Investment Info:

Single-family residence buy & hold investment in Queenstown.

Purchase price: $95,000
Cash invested: $54,000

I found the perfect house in a quaint neighborhood, but it didn't quite fit our two big dogs. Determined to make it work, I discovered 203k financing. After getting approved, we dove into renovations, creating a doggy haven and enjoying the nearby golf course and waterfront. The location was convenient, with quick-stop stations nearby and a peaceful atmosphere. It was close to major highways, great schools, and government buildings. When a job opportunity came up, we turned the house into a rent

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

I was immediately drawn to this investment opportunity for several reasons. Firstly, the potential for increased property value through renovations funded by 203k financing was enticing. It allowed me to customize the house to my preferences, creating a personalized sanctuary. The location was undeniably appealing, with a quiet neighborhood. The convenience of major highways reduced commuting times, and the area's excellent schools and proximity to community college and government buildings made

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

I found this incredible deal through diligent research and assistance from real estate professionals. Online platforms like Zillow and Realtor.com helped me filter properties based on my criteria. Local real estate agents specializing in the area provided access to a wider range of options through MLS.

How did you finance this deal?

Financing this deal was a crucial step in making my real estate dream a reality. After extensive research and exploring various options, I decided to utilize the 203k financing program.

To finance the purchase and renovations, I applied for the 203k loan, which is specifically designed to help homeowners finance both the acquisition and improvement of a property. This loan program provided the perfect solution for me, as it allowed me to secure the necessary funds for the purchase and subsequen

How did you add value to the deal?

I paid attention to the details, ensuring that the finishes and fixtures were of high quality and aligned with modern trends. By making thoughtful design choices, I aimed to create a space that would appeal to potential tenants or future buyers, ultimately maximizing the property's attractiveness and marketability.

What was the outcome?

The strategic improvements and attention to detail paid off as the property quickly attracted interested tenants. Its desirable location, proximity to amenities, and the added value I incorporated, such as the dedicated doggy haven, set it apart from other rental options in the area.

Lessons learned? Challenges?

One of the key lessons I learned was the importance of thorough research and due diligence. Before making any decisions, I realized the significance of analyzing market trends, property values, and comparable sales. This knowledge allowed me to make informed choices and negotiate effectively during the acquisition process.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Throughout my real estate investment journey, I had the pleasure of working with a fantastic real estate agent who played a pivotal role in the success of the deal. Their expertise, dedication, and understanding of my goals were invaluable.

In fact, my positive experience working with this agent inspired me to pursue a career in real estate myself. I became a licensed real estate agent, driven by the desire to provide the same level of exceptional service and guidance to others.