Sean is a passionate investor himself, thoughtfully building a real estate portfolio of solid rental properties. He enjoys advising his clients on how to find and fund great deals, whether it be short-term rentals, long-term rentals or fix and flips. Reach out today to learn more about investment opportunities in your area.

Sean’s Real Estate Investments

Purchase Price: $150,000

Average Annual Gross STR income (2022 & 2023): $36,525.15

Purchase Price: $349,933

Average Annual Gross STR income (2022 & 2023): $75,935.41

Purchase Price: $140,000

Average Annual Gross STR income (2022 & 2023): $23,947.18

Purchase Price: $183,000

Average Annual Gross STR income (2022 & 2023): $23,989.93

67-69 Railroad Ave, Salisbury, MA

2 units, 4 beds, 2 baths, 1,600 sqft

Purchased in September 2022 for $705,000 (fully furnished), used an investment loan (25% down) and bought 1 point to get a 5.625% 30-year interest rate. The property was appraised, prior to closing, at $750k which gave me “instant equity”. In year 1, I projected the property to gross about $100,000-$130,000 annually. With 2023 coming to an end, how did the property do?

Purchase Price: $705,000

Annual Gross STR income (2023): $102,439.31

Purchase Price: $260,000

Annual Gross STR income (2023): $33,555.50

Original plan: This was a new-construction investment, closed in December 2021. Our original plan was to earn a quick profit via a “build and flip” — Build & Purchased for $260,000, and sell at current market value (estimated at the time to be $360,000), resulting in a $100,000 profit (before carrying costs, fees, taxes etc)… We quickly realized that we loved the home, and the developing area. So we decided to rent it out long term with a 12-month tenant at $2,400/month, with the plan to Cash flow now and profit later. We refinanced at low rates to pull our invested cash out. Our monthly mortgage (plus taxes & insurance) is about $1,500/month. We rented out long term at $2,400/month to cash flow about $900/month (prior to capital expenditures), while the property (likely) continues to increase in value over the long term… Our tenant’s lease expired in January 2022, at which point we transitioned the long-term rental (LTR) into a furnished mid-term/short-term rental (STR).

2023 Update: In February of 2023 we fully transitioned our property from a LTR to a STR. We spent about $23,000 to design, furnish, install tech and hire labor to get the property in STR-ready condition. In 2022 as a LTR the property grossed $28,800.00. In 2023 as a STR the property grossed $33,555.50. As of December 2024 the property’s estimated value is $400,000.