81 Arcadia St

We’ve been looking for an opportunity to scoop up a Revere rental property, and came across this duplex through a contact. After some TLC, these units are rented up and will provide strong cash flow over a projected 3-5 year hold period. This building was sold in November, 2020.

406 Belmont

Our first multi-family building, a 6-unit in Manchester, NH. Purchased fully occupied with rents significantly under market. We’ve since rehabbed 5/6 units, re-sided the building, separated out the electric and reconstructed some of the decks and porches.

4 Northey St.

This condo was bought out of foreclosure and is another unit we watched continue to go down in price over ~60 days (started at $270 and purchased for $205k). One risk in any condo situation are the other owners / tenants. In this case we had to deal with both. There was a family living in the unit directly above the unit with kids who ran around all night like there was a 24 hour game of tag going on.  The 3rd floor unit was owned and occupied by the HOA trustee. To say she was displeased with the tenant activity in unit #2 was an understatement. It was almost daily that she would send emails / call to myself and the other owner about noise coming from that unit. She also was firmly against improving the exterior of the building, despite desperately needing painting / carpentry work on the siding.  Eventually she caved, but it took almost 4 months of begging.

22 Grove st

This project started out as a single condo rental (unit #1) that was purchased out of REO. At around the 6 month mark, the upstairs unit (unit #2) went into foreclosure. My thought process was that it would be great to control the whole building and make exterior improvements without needing to go through another party for approvals / assessments (#condolife). I knew the unit would need substantial work (the door had been busted in so I could clearly see the condition), but at the right price it was worth the headache.

At the time, this was the most extensive rehab project I had taken on. To date, most of my rentals had been nothing more than tiling, painting, and minor repairs. For this project, we:

  • Added a brand new en-suite master bathroom
  • Opened wall leading from dining room to upstairs
  • Rehabbed 1.5 additional bathrooms, including the smallest full bathroom possible
  • New kitchen counters / appliances (cabinets were in good shape so left as-is)
  • Paint, trim, molding throughout