We bought a 3-family vacant shell in Hartford, CT for $26k cash. There was no electricity, boarded up windows, stolen copper and $8k in back taxes. Of course, we also didn’t have a decent plan (but everything is 20/20 in hindsight). We did, however, have the drive and determination to find a way to create 3 homes out of an eyesore in a neighborhood with a troubled past. So we did just that.
Almost 3 years, 7 homes and several tenants later – we still find ourselves questioning our plan, our progress and what the heck we’re thinking. It’s at those times that we remind ourselves of a Facebook post from one of our first tenants saying she “never thought she would ever have the opportunity to live in a place like this”.
Our mission for buying and holding real estate (rentals) is to provide quality housing in “forgotten” neighborhoods – usually plagued with vacant houses and crime. Although that mission can come with a unique set of challenges, we take pride in providing quality housing. Quality housing is an integral part of the health of a community.
We hope to share our stories to inspire, motivate and inform. Investing in real estate is a fantastic vehicle to earn wealth, impact lives and communities and a great way to get a headache. We hope to share the good, bad and the ugly as we continue to learn new things each day.