All Forum Posts by: Brandon Allenczy
Brandon Allenczy has started 48 posts and replied 146 times.
Post: Hagerstown Home For Sale (Large Home or Fantastic Househack)
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Hey everyone!
We are selling our primary home in Hagerstown! This is a gorgeous home, and a great opportunity to rent out extra space, or have some extra space as a playroom, in-law suite, etc.
We've used it as a househack for the past 2 years. We had some drywall/insulation put between the primary suite and the main level then used that as 1 Airbnb. Then we rented the basement to travel nurses. The property performed great and we never really had a vacancy. This home is perfect for someone looking to househack, or someone looking for a large home, as all the space is opened up and can be used either way.
Have your agent schedule a showing or reach out to me and I'll be happy to show it!
Post: Looking For Single Family Rehab Deals In Hagerstown Maryland
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Quote from @Steve Moskowitz:
Quote from @Brandon Allenczy:
Quote from @Emin Okic:
Hey I am looking to get single families with rehab opportunity in Hagerstown Maryland. I live in Chicago currently so I’d love to start building a network here to start getting these seller leads.
If you know anyone who has single families in Hagerstown Maryland, or is an agent specializing in SFRs in Hagerstown, then message me on Upwork so we can connect quick!
Brandon, would love to connect with you as well. I am a hard money lender but we are also one of the bigger tax lien purchasers in MD
@Steve Moskowitz Absolutely! You can reach me at 240-849-9180. Would love to connect and hear about your business!
Post: Looking For Single Family Rehab Deals In Hagerstown Maryland
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Quote from @Emin Okic:
Hey I am looking to get single families with rehab opportunity in Hagerstown Maryland. I live in Chicago currently so I’d love to start building a network here to start getting these seller leads.
If you know anyone who has single families in Hagerstown Maryland, or is an agent specializing in SFRs in Hagerstown, then message me on Upwork so we can connect quick!
Post: Househacking /cohousing in Hagerstown vs Pittsburgh
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
I think this is awesome! I am a licensed agent and I currently househack in Hagerstown. My wife and I have been househacking in Hagerstown (also North End) for about 3 years now and we've loved it. We started out in a duplex and rented the upstairs apartment. Now, we live in a SFH and rent out separate parts of the house to travel nurses.
Interestingly enough, even though Hagerstown isn't a vacation destination, our STR and MTRs get a ton of traffic.
If you'd like to talk more feel free to reach me. Thanks!
Post: Considering Out of State Investing in Huntsville - Interested in Networking
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
I agree with everything @Nicholas L. mentioned. Picking an area that is more accessible but you don’t have to be in everyday is great. I live in Hagerstown and own a couple properties here because we got started by househacking. Hagerstown is a fantastic growing market; the long term rental game is great if you screen tenants well, but mid term rentals with travel nurses are pretty lucrative here.
I’m a full time agent licensed in MD and PA, let me know if you want to chat any more about markets!
Post: Mid Term Rental Demand
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
There’s not really a big attraction or anything, we’re just a very high traffic area between DC and Baltimore. We have a couple of hospitals that are smaller, but have a large # of travel professionals and we also have a lot of construction projects, manufacturing plants, etc for temporary workers. There are a couple universities within about 20-30 minutes but none in our city.
I spoke with someone who is using MTR’s in our market and she said she really only works with travel nurses and she’s had practically 0 vacancy.
Post: STR/Medium Term Rental
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Good job Winston! I just closed on a property on Friday that I hope to make our first MTR, so I definitely understand the pain of furnishing right now.
Post: Medium-Term Rental Project
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Hey Jason! Was this for you or for a client? Also, what rental rate do you expect from this?
I’m starting a few mid-terms myself so I’m really into this strategy right now.
Thanks!
Post: Mid Term Rental Demand
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Quote from @Rick Wiedenhoeft:
Sounds like you're on your way Brandon! If I might make a suggestion; furnish and rent one at a time, building up to your full quota, unless you have significant funds for all the little details that come up when starting with a new property. Otherwise, enjoy and happy investing! Sounds like a great property!
Thanks Rick! That’s what I plan on doing; the private room is the lowest hanging fruit so we’ll start there, get some bookings rolling, then move into our unit and do the other 2 larger ones
Post: An Investor Killed!!!!!!!!
- Real Estate Agent
- Hagerstown, MD
- Posts 160
- Votes 121
Quote from @Mark Cruse:
Quote from @Crystal Smith:
Quote from @Mark Cruse:
I recently decided to sell off portions of my portfolio but I've been in the class d arena my entire time in the business. There was a young investor killed in Baltimore not long ago and it still bothers me. Yea, people die daily in major cities but this one really hit home. He was simply renovating a property and was shot dead outside of it. Man, I can write a book on my in the hood stories and had my share of chaos but I was able to always mitigate stuff. However, this could have been anyone. I just sold my south Baltimore properties and that was the same area which had 28 shot a few weeks back. How frequent is it for investors to face violence? I dont hear about much but it could just be the circle I'm in. What are your horror stories?
I was hesitant to jump into this thread but.... One horror story in 20+ years- I was standing inside a property in a Class D area with one of my contractors after completing a renovation & bullets whizzed by our heads from a drive-by shooting. That incident put the kind of scare in me that my partner & I almost quit. We didn't quit because many of the so-called Class A & B areas that we know today were Class C& D years ago. This includes many areas on Chicago's Northside, West Loop,.... Brooklyn New York, Harlem...... It's amazing how many stories I hear from people who say- "I wish I would have invested there". But now they can't afford it. Those areas changed because of investors and the path to progress.
So strategy wise we will still invest in Class D areas if our analysis supports that the area is prime to gentrify.
I purchased a small apartment building in downtown Hagerstown for about 130k 5 years ago. Appreciation has went up for sure. However, this place is opposite of most. The downtown is ghetto but the suburbs are cool. Its a lot of crime but small town stuff. If that ever gentrifies and the downtown turns into what most are, I will be sitting very pretty. Its neighboring town is called Fredrick. If Hagerstown just went to something like that, my equity would way more than triple.
It's on it's way in my opinion! I live in and invest in Hagerstown. Downtown has come a long way in the past year as far as businesses moving in and home prices (and equity as a result) is holding steady. I'm closing on our 3rd property there this Friday (just outside of city limits).