Landlording & Rental Properties

The Crazy Journey to My First 8 Rentals: Numbers, Pics & Lessons (All the Nitty Gritty!)

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I wrote my first BiggerPockets blog post not too long ago. It was hard to write, scary to publish, and an awesome learning experience. Writing is hard, y’all. Maybe the rest of you poop out words like a baby on prune juice, but for me, it’s a constant battle between daring to be who I am and trying to be who I think I should. And man, sometimes the battle is brutal. So thanks for standing by and staying tuned while I regrouped and patched up the troops.

Part of my why, and my driving force. Via: @fristromphoto

In my first article, I wrote about how I was able to buy seven rentals while jobless, pregnant, and new to the area. I chose to focus on mindset, as I strongly believe that regardless of our past, or social status, we all have one thing in common. We cannot control all that happens to us, but we can control our thoughts and actions. I got some awesome feedback from you wanting to hear more details, so that’s what I plan on sharing with this article. Concrete stuff, the nitty gritty.

But I just can’t do that without telling you shortly about my mom first.

To Get Where You Want to Go, You Must First Be Who You Need to Be

My mom was paralyzed when I was a toddler. I’m the third child of four, and we were all under the age of six when it happened. Long story short: She had neurosurgery that failed and led to her being bed-ridden for 14 years. She couldn’t sit or stand long even with support. On a good day, she could walk a couple hundred yards with a walker. She could basically only lie down on one side if the bed was completely still. Sometimes the ambulance took her to the hospital to give her stronger IV meds for the excruciating nerve pain.

My mom did pretty much everything lying down on her side. Here she is peeling carrots like a boss.

She couldn’t sit, so wheelchairs were kind of non-helpful. And normal car rides were out of the picture. She could have just stayed home—and rightfully so. But instead of saying, “I can’t,” she would try to think of ways to get around her disability by asking, “How can I?” So, for instance, she crawled up in the trunk of our Volvo 245 wagon and lied there on a mattress. That way, she could travel by car a few miles. Imagine the look on people’s faces when she crawled out of the trunk like a dog.

She also had my dad saw up a tiny mattress. It was thick enough that she could lie on it on the floor on her side without dying of pain, but small enough that she could haul it under her arm while walking with the walker. When the pain got too intense, she’d just lie down on the mattress on the floor wherever she was.

My mom has inspired and taught me shift my mindset from “I can’t ” to “how can I?” This was how she could travel by car a little bit.

I tell you all this because without seeing my mom overcome these experiences and challenges, I wouldn’t be who I am today. And who I am is what determines what I do. I’ve also realized that who I was got me where I am today, but it may not get me where I want to go in the future. That’s why self-development is one of my key focus areas in real estate investing and life.

My mom and her walker a.k.a. the brown stallion.

“If you want to have more success, you need to become more.” —Jim Rohn

The Warm Up

My first article actually didn’t account for my first real estate investing deal because it happened when I was still living the blissful DINK (Double Income, No Kids) life, bathing in champagne and sleeping on silk sheets until I was woken up by birds chirping Disney tunes after a well-rested night.

Not quite, but that’s what I imagine now when thinking back to the pre-kid glory days. I technically started real estate investing way before my first deal, about 12 years ago when I first started reading about it. I thought you should all know that.

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” —Abraham Lincoln

Rental #1: Popping the Cherry

Before we took a quantum leap of faith and moved for a slower-paced, family-focused life in Finland, I had a great job in Silicon Valley, California. My company offered new employees a free financial advisor consultation. He was (and is) what I like to call the bomb-diggity. He was a real estate investor himself and recommended it to us. So five minutes later, we bought our first deal in California and made a gazillion dollars. Not.

We had been working our buns off saving money for the past 10 years to buy our own home. But in Northern California, it would probably have taken us another 1,000 years or so to afford a closet to live in. So instead of buying ourselves a home, we rented a small apartment and focused on finding a rental property out-of-state. It took us about three years and five lost deals. But finally, thanks to trusting people who were smarter than us (and had results to show for it), we purchased a 3-bed/2-bath single family home in Fort Collins, Colorado.

Those people were Josh, our financial advisor and Gregg, an amazing local Fort Collins real estate agent Josh recommended. (Hi, Gregg, we love you. If you read this, can you please move to Finland so we can hang?) We bought the house sight-unseen in 2015 and still own it today. It's managed by a great property management company recommended to us by Gregg.

Our first deal, a single family home in Fort Collins, Colorado. I dream about renovating it one day.

The Nitty Gritty

  • What: 3-bed/2-bath single family house in Fort Collins, Colorado
  • Purchase Price: $285K
  • Financing: Conventional 30-year fixed rate bank loan at 5.125%
  • Current Valuation: $375K
  • Rent: $1,850

I know this isn’t one of the “best deals” out there. But it got us started.

Death by Comparison

I realize I might lose some of you here thinking that this was easy for us. That you couldn’t do it because we had this or that and you don’t. I’ve noticed that comparing ourselves to others can make us not even try. And it’s such a shame, because chances are that the people you are comparing yourself to were in the same situation or worse than you a while back.

You should know that I didn’t always have a fancy-schmansy Silicon Valley job. In fact, my first full-time job was at a sewer plant. And my husband didn’t quite grow up with a silver spoon in his mouth as the fifth child in a family of 10 kids. For instance, he worked three jobs on the side of his studies.

Perhaps that gives you some perspective. But what I truly wish is that you find it irrelevant. Because I’m not running your race, you are. But maybe through telling how I have run mine, it can help you run yours, including whatever hurdles it may present. Don’t let your mindset be one of the hurdles.

“The only person you should try to be better than is the person you were yesterday” —Tony Robbins

Rental #2: First Deal in Finland

About a year after purchasing the Fort Collins rental, we moved to Finland. At this point, I was about four months pregnant and had a eight-month-old baby. And no job. But I had time. I spent the first three months studying the Finnish market and specifics because even though the principles are the same, there are some major differences, especially when it comes to laws, taxation, and financing. I also honed in on my strategy: why I do it, how I do it, and what I do. Beginning with figuring out why I do it led me to some serious soul-searching and self-development.

My first deal in Finland was a studio apartment in a satellite city of Helsinki, a one-hour drive from where we live. I knew it was a good deal because of the market knowledge I had gathered through studying and analyzing deals for three months. The only issue was financing. I didn’t have a job or the money to pay the down payment. But I had a husband and a brother with good jobs and some capital.

So I asked them for $20K, they gave it to me, and I skipped and hopped to the bank. Bollocks. Not quite that easy. You see, they’re both engineers. Practical, logical, pragmatic, analytical beings who both have worked hard for a long time for their jobs, income, and savings. So instead of just asking them for money, I created a business case. I hashed out the deal details in an Excel sheet and showed them what this deal would gain them and how it compared to the stock market.

There's a huge difference between asking for an investment in a specific deal with a great calculated return that beats the stock market and simply asking for money. That's how I got the down payment for my second deal. With the down payment, we got a conventional bank loan.

At this point, I was what people in San Francisco would call hella pregnant, with a one-year-old-toddler at home. And I had no idea how to renovate, so I did what no sane person would do: renovate it (mostly) myself. It just took a wee bit (“wee” means a crap ton, right?) longer and nightly YouTube how-to marathons. When I was done three months later, I got it appraised so that I could use the equity as security buying the next one.

The kitchen: Before renovation.

The kitchen: After renovation. I painted the inside of the kitchen cabinets, painted the tiles, painted the ceiling and walls, swapped out the cabinet doors, fan, and counter top. Put in new handles and a new sink and tap. My belly and I did most of the work. Just got help with the cabinet doors and counter top. And a plumber installed the new tap and sink.

The Nitty Gritty

  • What: Studio apartment in Järvenpää, Finland
  • Purchase Price: 110,000 Euro (approx. $125K USD)
  • Financing: Conventional bank loan, adjustable rate mortgage (ARM) interest rate 0.8% (money in Finland is incredibly cheap right now, but the market is also very hot)
  • Renovation Cost: 5,000 Euro (approx. $5,700 USD)
  • Renovation Duration: 3 months (I wasn’t the quickest as a total newbie, preggo renovator—limber like a walrus)
  • After Repair Value (ARV): 130,000 Euro (approx. $148K USD)
  • Equity Increase: 15,000 Euro (approx. $17K USD—not a bad pay for a stay-at-home-mom)
  • Rent: 690 Euro (approx. $785 USD)

Work in progress. Every morning I would get up at 6:00 a.m., drive my one-year-old to daycare, drive an hour to the apartment, renovate as long as I could before I had drive back to pick up Lucas.

Me, a.k.a. the walrus, and the belly.

Time, Knowledge, or Money

There’s a common misconception that you need money to be able to begin investing in real estate. It’s true that at some point, money will be required to change hands for a deal to be made. And if you do have money, you can buy somebody’s time and knowledge. But that doesn’t mean that you can’t get started without it.

With time, you can gather knowledge, and with knowledge, you can attract money with a great deal, like I did. Some luck was involved in buying it, but I wouldn’t have been ready for the opportunity without the preparation of gathering the knowledge, running the numbers, and following the market like an obsessed hawk.

 “Luck is what happens when opportunity meets preparation” —Seneca

Rental #3: The Beauty of BRRRR (Buy, Rehab, Rent, Refinance, Repeat)

By doing the renovations mostly myself on our first rental in Finland, we were able to keep the cost down and free up a nice chunk of equity with the new appraisal. In Finland, the appraisal, taxation, and refinancing process and rules are a bit different, but the principle is the same. The gist of it, of course, being to renovate it to increase the market value with more than you put into it. Simple, but not always easy.

Instead of pulling the equity that freed up in the previous deal out, I used it as security to buy the next one. This way, the gain we made was tax deferred as opposed to needing to pay taxes on it right away had we sold it, for instance. This strategy also enabled me to buy the next one more quickly, as we didn’t need to have as much cash for the down payment.

The Nitty Gritty

  • What: Studio apartment in Turku, Finland
  • Purchase Price: 91,000 Euro (approx. $104K USD)
  • Financing: Conventional bank loan using the freed up equity from the previous deal as additional security to decrease the down payment amount
  • Renovation Cost: 2,500 Euro (approx. $2,800 USD)
  • Renovation Duration: One month (here we got some help from a contractor who knew what he was doing and had less baby in his belly)
  • After Repair Value (ARV): 130,000 Euro (approx. $148K USD)
  • Equity Increase: 36,500 Euro (approx. $42K USD)
  • Rent: 520 Euro (approx. $590 USD—the rents are lower in this city, but the equity increase made us a great return on our investment)

Do What Others Don’t

The market we’re in in Finland is pretty hot. Most deals are not found; they are made. What I mean by that is you need to do something different than others to get the deal.

When submitting an offer in Finland, you send a short email to the seller's agent (if buying from the open market, comparable to the MLS). Most offers, if not all, simply say the offered amount, a deadline, and potential contingencies. Instead of doing just that, which is totally fine of course, I add a bit more information.

I was buying it with my brother, who was on paternity leave with his baby at the time, and I was home with our babies. So I told them about us, and what we planned to do with the apartment. I shared our genuine love for the city we both were born in and how we wanted to bring the apartment back to its mid-century glory days and make it a great home for someone. Turned out it was a couple of siblings, a brother and a sister, who were selling the apartment. I’m pretty sure our bid was not the highest of the bunch, but our bid gave them something else they valued, and we got the deal. Behind all deals, in the end, are people.

After the 2,500 Euro (approx. $2,700 USD) renovation.

“I follow three rules: Do the right thing, do the best you can, and always show people you care.” —Lou Holtz

Rental #4 and #5: My Biggest Mistake

At this point, I had popped out the second baby (that’s how you do it, by the way—just pop it, like a Pringle), and our first born wild-ling went to kindergarten part-time. During this time, since I didn’t have a job, I started my own consulting service business (a.k.a. my “typing on the computer while nursing” business).

I didn't know how any of that worked in Finland. So, when our baby slept, I figured it out as I went, through reading and asking. I didn't have any clients when I set it up. But one day, out of the blue, I was contacted by a former boss of mine whom I worked with in Stockholm years ago. Her newly founded company needed some help in Finland, and she thought of me. And tada! I had my first client. That, plus the rental income (in Finland, the banks acknowledge all rental income as income right away), enabled me to get more conventional bank loan.

But that wasn’t enough to cover the down payment for the next two apartments I wanted to buy—not even when using the freed up equity from the previous deal. My brother was out of the picture for these two new construction studio apartments, and my husband tapped out, so I needed to figure out another way. So I dipped into my 401K savings. Not the smart way.

The Nitty Gritty

  • What: Two new construction studio apartments in Järvenpää, Finland
  • Purchase Price: 154,400 Euro (approx. $175K USD) + 155,900 Euro (approx. $177K USD)
  • Financing: Typically when buying new construction co-op apartments in Finland, 70% of the loan stays with the co-op, and you only have to pay 30% of the purchase price up front (the co-op loan you pay off with a monthly fee as part of your HOA, which with some constraints is tax deductible). So that 70% co-op loan portion didn't, at the time, hit our overall debt-to-income ratio. That has now changed as the banks rightfully realized the risk in that. Utilizing some of the previous deals' equity increases as security, I was able to get some additional conventional bank loan to cover a part of my 30% portion of the price. The rest I got from an early 401K withdrawal.
  • Renovation Cost: 0 Euro
  • Current Evaluation: 154,400 euro (approx. $175K USD) + 155,900 euro (approx. $177K USD)
  • Equity Increase: 0 Euro
  • Rent: 645 Euro*2 (approx. $735 USD*2)

Make Mistakes and Learn From Them

I bought these apartments with a clear intention: to decrease my overall risk since all my other rentals were old. These brand new apartments would most likely be free of costly near-future repairs. I also bought them as a means of tax optimization. But my drive to meet my goal for the year (buying four apartments) made me jump into it without having all the information and understanding of what to look out for when buying new construction apartments.

So, even with my intentions fulfilled, I ended up paying too much for them. And once the building was finished, the market was flooded with rentals because a major institutional investor had bought a big portion of the building. I now know this is one of the major things to look out for when buying new construction co-op apartments.

I also made some constrained assumption about making an early 401K withdrawal without checking and confirming they were true. For instance, I thought I would be able to pay low or no taxes on it since we live in Finland and I barely have any income. Not true. Asking any CPA would have confirmed that.

But I was so driven to hit my goal and emotionally decisive on buying these apartments, all the information I found went straight into fueling my confirmation bias. It was a great time for self-reflection and growth. It made me revisit the way I think about, set, and chase goals. I love that I made these mistakes because of what they taught me, and had I not bought them, we wouldn’t have met the amazing tenants that live in them.

“I never lose. I either win or learn.” —Nelson Mandela

Rental #6: Be a Pleasure to Work With  

When this deal hit the market, I jumped. But so did a lot of other people. When I called the listing agent that Friday night, I could hear her stress over the phone. So I paused and asked her how she was doing. She was a bit surprised about the question, but gladly told me. She had gotten bids with ridiculously short deadlines (like two hours), sending her on a wild, unsuccessful goose chase to get ahold of the seller for a response. So I asked her how I could help. We talked about what might be a good deal for the seller, a good deal for me, and a good deal for her. Together, we found that. And I got the deal. People, people, people. Behind every deal are people.

The Nitty Gritty

  • What: A 1950 studio apartment in Porvoo, Finland
  • Purchase Price: 101,000 Euro (approx. $115K USD)
  • Financing: Conventional bank loan using the BRRRR strategy and the incoming cash flow from the previous deals; partnership with my brother
  • Renovation cost: 10,500 Euro (approx. $12K USD)
  • Renovation Duration: Two months (not preggo anymore, but nursing every six seconds or so)
  • After Repair Value (ARV): 128,000 Euro (approx. $145K USD)
  • Equity Increase: 16,500 Euro (approx. $19K USD)
  • Rent: 670 Euro (approx. $760 USD)

Before the renovation.

After renovation. We redid the entire kitchen and all surfaces except the bathroom.

 Things are different in Finland, but people are not. Well, we like to be naked here more. There’s that. But jokes aside, people like to work with people who are easy to work with. Those who bring them value and joy. And those who treat them with respect.

That’s one of my favorite things about real estate. It all comes down to people, encounters, and interactions. This includes interactions with the hardware store register, the bank customer service (I recently found out that the bank rates its customers too), the co-op janitor, and the neighbors (more on that below).

“Do unto others as you would have them do unto you.” —Matthew 7:42

Can you spot the baby?

Rental #7: Doing What It Takes

I’ve always loved the hustle and bustle of cities. The pulse of people nearby. The concrete jungle. So we’ve always lived downtown—until now. Moving from California to Finland enabled us to buy our first home. But buying something downtown would have put us up to our eyeballs in debt. So instead, we moved to the outskirts of the ‘burb of the ‘burb… of the ‘burb. I mean, we have rabbits and deer skipping by our backyard. This helped us keep our debt-to-income ratio in check. But it was a hard decision at the time. Without a clear, passionate “why,” I wouldn’t have been able or willing to do it. Had we bought something bigger or closer to the city, we wouldn’t have been able to invest in these real estate deals.

But we’ve also made smaller decisions to optimize our ability to invest. For instance, I buy all my and our kids clothes secondhand. Instead of buying a second car, I’ve borrowed one and use public transportation whenever I can (which is free here when traveling with a kid in a stroller). Thanks to all these decisions combined with the snowball effect of the previous deals, income from my consulting services, and a bonus, we were able to buy this deal faster than expected.

I have a good life, and I realize my decisions may not be as hard as somebody else’s. Not having a second car is such a first world problem. But my point is I had choices. Once I had a clear goal set, the question I had to ask myself was, “Am I’m willing to do what it takes?”

The Nitty Gritty

  • What: A 1934 studio apartment in Helsinki, Finland
  • Purchase Price: 143,000 Euro (approx. $163K USD)
  • Financing: Conventional bank loan using the BRRRR strategy and the incoming cash flow from the previous deals; partnership with my brother and husband.
  • Renovation Cost: None so far. We bought it with a tenant who we love, who likes the apartment as is so we’re holding on renovating it. That allowed us to roll in the renovation money into the next deal instead.
  • Current Evaluation: 143,000 Euro (approx. $163K USD)
  • Equity Increase: We haven’t reappraised it yet since we haven’t renovated it yet. Similar, but renovated apartments in the area sell for around 180,000-200,000 Euro (approx. $205K-228K USD)

“If you want something you’ve never had, you must be willing to do something you’ve never done” —Thomas Jeferson

Rental #8: The Abundance Mindset

One of the main things I learned about when living and working in Silicon Valley was the way people thought about others’ success. In the Nordics, people have a tendency to have a scarcity mindset. If somebody succeeds, that means less chance for you to find success.

In the U.S., and Silicon Valley in particular, it was the opposite. If somebody drove a nice car, people would ask them what they did and think, “If they they did it, so can I.” There was also a different level of openness and willingness to share one’s learnings with others—a mindset of abundance. Rarely do people here even tell others they are real estate investors because they fear those people will steal their deals, or God forbid, think they are successful or rich.

When I was renovating this last rental apartment with Stella, 12 months old at the time, I started talking to a neighbor at the local lunch restaurant. Channeling my inner Nor-Cal, I bravely told him I was a real estate investor currently renovating an apartment in the nearby building. Turned out he was one too, and he ended up helping me rip out one of the old kitchen cabinets I had been struggling with. He also gave me a ton of tips. And it doesn’t end there. His brother-in-law runs one of Finland’s best wholesaling companies that I now have the pleasure of knowing about thanks to that encounter over fish soup. People, people, people. Behind everything is people. Just people.

Before renovation. The balcony especially was in pretty bad, even dangerous, shape.

After renovation. The balcony transformation is pretty rad. We only put in about $500 to the balcony, plus sweat equity.

The Nitty Gritty:

  • What? A 1970 top floor studio apartment in Espoo, Finland
  • Purchase Price: 134,000 Euro (approx. $152K USD)
  • Financing: Conventional bank loan using the BRRRR strategy and the incoming cash flow from the previous deals; partnership with my brother and husband.
  • Renovation Cost: 7,000 Euro (approx. $8K USD—the first time we rebuilt the entire kitchen. Some major, costly, learnings that chipped away at the budget, and taught us so many valuable lessons. Totally worth it.)
  • Renovation Duration: Three months
  • After Repair Value (ARV): 155,000 Euro (approx. $176K USD)
  • Equity Increase: 14,000 Euro (approx. $16K USD)

My little helper.

“If you approach the ocean with a cup, you can only take away a cupful. If you approach it with a bucket, you can take a way a bucketful.” —Ramana Raharshi

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Summary

On the BiggerPockets Podcast, Brandon Turner asks the guests what sets apart successful real estate investors from those who fail or never get started. I think it’s different things at different times. But first, I’d like to take a second and define success. For me, it goes beyond money or number of doors. At my death bed, I would count my life successful if I’ve led a life true to myself, done meaningful work where I’ve been able to help others, had interactions I’m proud of, been brave doing things despite being scared, and ultimately, been a person my kids are proud of.

Through real estate investing, I’m able to work on realizing all those things, and that gives me an incredible sense of purpose. That purpose is what fuels me. An engine needs different parts to work, and in my real estate investing machine, those parts are things such as grit, consistency and focus, loving the process, willingness to learn, accountability, vulnerability, having a great team and support at home and from friends, asking for help, and spending time with people smarter than me to get challenged and questioned. But even with all these parts, the engine wouldn’t work without the fuel.

I love how real estate investing has helped me teach my kids how to work hard, make meaningful progress, proceed despite fear, and to have interactions to be proud of.

Call to Action

Who do you need to be to get where you want to go? What are the different parts of your engine that can help you get there, and do you have enough and the right kind of fuel to keep the machine going? If there’s a hiccup in your engine, could you fix it? And are you willing to do what it takes to fix it?

What’s one thing you can do today to get closer to the life you want?

Leave all your questions and comments below!

In search of balance, and financial freedom, Maria left a life of eating out, catwalks, fancy brand name shoes and a killer job in Silicon Valley for a life of Dickies and tool belts; diy-rehabbing and renting apartments in Helsinki, Finland. And she loves it. When she’s not busy keeping her two toddlers from eating paint, or piercing each other with power tools, she loves running and laughing and teaching others about real estate investing.

    Zach Dorworth from Scottsdale, Arizona
    Replied 11 months ago
    Maria, this is a very well written post! Loads of humor and packed with great information. Not only is your story/journey inspiring, but also your mothers. Can’t wait to have my wife read this as well. Thank you.
    Janeile Cudjoe-Myers from Toledo, OH
    Replied 11 months ago
    Ditto what Zach said – especially about your mom. It helps to put things in perspective when we’re complaining about stupid stuff and letting littler things stop us from moving forward.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    Thank you Janeile <3 I agree 🙂
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 11 months ago
    Thank you Zach <3 This means so much to me. Thank you for reading the article, it was a beast 😉 I'll tell my mom you said that. Much love and success to you and your wife.
    Nurzhan Abenov rental_property_investor from Herndon, VA
    Replied 11 months ago
    Great story. Thanks for sharing.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 11 months ago
    Thank you Nurzhan <3
    Lana Lee from Philadelphia, pa
    Replied 11 months ago
    Thank you so much! You are the inspiration!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 11 months ago
    <3 Thanks Lana. This warms my heart.
    Dustin Little investor from Fayetteville, NC
    Replied 11 months ago
    Maria, As others have mentioned great blog post. I have been thinking of beginning to write now that I have completed my degree and have more time. Your introduction inspired me to move forward on this goal. I also strongly agree with your line “been brave doing things despite being scared”. I sometimes find myself in a situation where the only thing holding me back is fear, if I am lucky enough recognize this I immediately move forward.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    That’s so awesome Dustin! <3 I've found that a lot of times fear means exactly that, that we're on to something worth pursuing. Also instead of fighting fear, thanking it, inviting it along, just not in the driver seat. Not fearless, often scared, just doing it anyways. 🙂 Good luck and have fun!
    Katherine Williams from Falls Church, Virginia
    Replied 11 months ago
    This is a great post. I really like reading how you incrementally built your portfolio and how you made the decision to buy each property. I also appreciate you sharing the numbers and photos for each. Last, each if the inspiration quotes are great bonuses to the article. What is your end goal? It would be great to hear if you have goal of a certain number of properties you want to own, or income generation to replace a job, or if you plan to do buy properties indefinitely (singles or will you consider multi-unit). Thanks.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    Thank you Katherine <3 This gives my inner impostor syndrome a needed kick in the butt 🙂 My end goal has shifted a couple times already. Started with a number: 42 doors. Then to financial freedom. Now it's more about how I want to feel, the impact I can have on people's lives and even the rental market, and how and who I can help. Open to multi-unit for sure. 🙂
    Adam Lee
    Replied 11 months ago
    great story! thanks for writing.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    Thanks Adam <3 Thanks for reading it (a.k.a. the beast) 😉
    Sarah Schneider
    Replied 11 months ago
    Love, love, love this article! Especially the picture and numbers detail which helped me relate to the emotion in each deal. The quotes are inspiring as is your willingness to tackle this while being a mom to young kids! Keep up the great work…Sarah
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    Sarah, ah. Giving you a cyber hug right now. <3 Thank you for these super sweet, encouraging words.
    Marcus Jaeger investor from Wisconsin Dells, Wisconsin
    Replied 11 months ago
    Finest article I have ever read on Bigger Pockets. Thank you for taking the time to write it.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Marcus, it looks like I never responded to this—the sweetest message I've ever gotten. Thanks for making a girl cry happy tears. <3
    Paul Merriwether investor from Oakland, California
    Replied 11 months ago
    CONGRATULATIONS!!!!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 8 months ago
    :-)) Thank you!! <3
    Willie Bunche from NYC
    Replied 11 months ago
    Awesome article!! I love your sense of humor and spirit. Truly inspiring. Kudos to your mother for her great attitude and perspective. You inherited great genes! Keep up the great work!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Willie <3 Thank you for these kind words. Means a lot.
    Rachel Cleverley real_estate_agent from Alexandria, VA
    Replied 11 months ago
    Maria!! Once again, you crushed it my friend. Dang girl, is English your first language?!? Cuz no one’s going to believe that it’s your third! Such a meaningful article. You are full of warmth and care and it shows in every word you write and action you take. What a special mother you have. Keep on crushing it!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Rachel you sweetheart <3 I miss you, lady!!
    Nalo Coban real_estate_broker from Charlotte, NC
    Replied 11 months ago
    this was an awesome story and the information shared is priceless and inspiring. I am constantly thinking of way to invest. currently with no 9-5 income, I may need to turn to family members to get this dream of mine going. I have no problem doing renovations myself. thanks for getting me motivated again. anything is possible.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Nalo <3 Hang in there and keep chasing that dream! You got this!
    Debbie Reeves from Daleville, AL
    Replied 11 months ago
    One word: inspiring! Thank you so much for sharing.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thank you Debbie <3 Much love.
    Drew Solidum
    Replied 11 months ago
    Great article, very inspiring! Thanks for sharing & congrats on your success!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks Drew! <3 Thanks for the love!
    Jon Davison from Greenwood, IN.
    Replied 11 months ago
    Terrific post Maria, very informative read. I’m curious what you had to put down on these loans starting out. Was it the standard 20% for conventional? I’m just starting out and this is a huge stumbling block for me. Thank you.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Hey Jon <3 Thank you. Yes, it was the standard 20% for a conventional bank loan. I understand it can be a big hurdle. Not everyone has the same starting point as I do, but I encourage people to think of creative ways to go about doing it. Have you read the book about real estate investing with low or no money down? There are some great ideas in there. <3
    Eli Rollins new_to_real_estate from Fort Worth, TX
    Replied 11 months ago
    literally did a kitchen rehab using youtube haha!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Ha ha, way to go Eli! You and me both! Lol <3
    Corey Ricks from Darby, Pennsylvania
    Replied 11 months ago
    Loved the article, thanks for the inspiration Maria!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks for the love Corey <3
    Frank White
    Replied 11 months ago
    Do you keep the apartments furnished after the sale? I love how you staged them, just curious if you take out the furniture / accessories after the sale of the home.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Hey Frank, I typically take the furniture out. But I'm also open to renting them furnished if that's of interest to the tenant. :-)
    Peter Sun realtor from Temple City, CA
    Replied 11 months ago
    WOW! LOVE THE STORY! Hadn’t thought about investing overseas before, now I have. Great pics and the nitty gritty. Would love to learn more about overseas markets!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks Peter! <3
    Bernard Antwi from Limerick , Pennsylvania
    Replied 11 months ago
    Such a beautiful story. Now I’m inspired to move ahead with my second and third deals.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Yeah Bernard, GO GO GO! <3
    Frankie Woods investor from Albuquerque, NM
    Replied 11 months ago
    Wonderful story! Thanks for sharing your journey! Hope the success continues!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks so much Frankie <3 Just closed on property #10 Feeling thankful!
    Ivory MacGregor
    Replied 11 months ago
    Thank you so much for all the detail in your post! Sometimes the hype of real estate makes it seem out of reach, but including your numbers and photos and experiences makes it much more realistic and attainable. I love the people component too, which I have also found to be true in my life. I look forward to reading more from you! Both you and your mom are hardcore inspirations, so amazing!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks Ivory <3 This means a lot to me. I got a bit of a vulnerability hangover from writing and took a pause, but getting back in the saddle again. :-) Your kind words help.
    Yalis A. real_estate_agent from Delaware
    Replied 11 months ago
    Breastfeeding every 6 seconds! Love it. This post is so raw, and inspiring. I’m working on our next deal now – with my 3 kids!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Yalis <3 Yeah mama! You know what it's like, lol. Get it girl, congrats on your deal. And thanks for your love!!
    Gavin G.
    Replied 10 months ago
    I don’t know about you (repliers), but I’m more interested in finding a wife like that—smart, beautiful, and an ambitious calculated risk-taker. YESSSS!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Gavin, LOL! You cracked me up. Thank you for the pick me up. I needed it. <3
    Thomas Magill investor from Charlotte, NC
    Replied 10 months ago
    One of the best posts, I’ve read. (This is the first time i’ve commented on a post) This post has equal parts back story, practical knowledge, and inspiration. TPP (The perfect post) Thank you!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thomas <3 You just made me cry. I've had such vulnerability hangover from writing and haven't written in a long time because of it. You just helped me get back in the saddle. Thanks for the love man.
    Chand Ramlakhan
    Replied 8 months ago
    Awesome success!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 13 days ago
    Thanks Chand! <3
    Brian Kertscher investor from Cudahy, WI
    Replied 11 days ago
    Outstanding! and a true inspiration!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 5 days ago
    Thanks Brian <3 Your kind words mean a lot!
    Travis Henry rental_property_investor from Honolulu, HI
    Replied 11 days ago
    Loved this post, Maria! Especially the way you went about acquiring Deal #6 - couldn't agree more! :)
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 5 days ago
    Thanks so much Travis <3
    Leah Ratnofsky realtor from Boston, MA
    Replied 11 days ago
    Loved reading your story. As someone new to investing, I've been reading and researching a lot, and often times you don't hear the mistakes investors make, you just hear about their success. I appreciated how relateable your story was - being pregnant and unemployed, and still able to make it happen. I'm impressed! Thank you so much for sharing your pitfalls as well as your successes!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 5 days ago
    Oh Leah, this means so much to me. <3 Thank you. Trying to keep it real. And as scary as that is, comments like this makes it all worth it. <3
    Bernadette Ohms
    Replied 6 days ago
    Hi Maria thank you for this awesome and inspiring article. Wish you continued success and I hope your mom is doing better.
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 5 days ago
    Thanks so much Bernadette! <3 My mom continues to be a fighter, thank you for asking. XOXO
    Bernadette Ohms
    Replied 6 days ago
    Congrats on #10 by the way!
    Maria Friström rental_property_investor from Helsinki, Finland
    Replied 5 days ago
    Oh thanks so much! I'm SO excited. And thankful. I'm home with a sick kid today and can't wait to get back at it. :-) XOXO