This project represents the future of our company! As we are closing out our single family properties, we are turning our focus on properties just like Paris street, 1-5 Unit condos in and around great Boston! Harrison Bonner found this property through a fellow fortune builder member. Our renovation budget did go up a bit from the original estimate as we added roof top decks and had to sister all of the floor joists through the house. But, our ARV has been bumped up due to r
We just couldn't resist renovating another single family! We are dwindling down the amount of single families we renovate as we are moving to focus on condo conversions in and around Boston, but this one we couldn't pass up. Our hardworking Acquisition Specialist, Greg Cammarata, found this gem through MLS and jumped on it. His initial numbers (renovation and ARV) were almost 100% spot on; we actually were under our renovation budget. This project went under contract in less
What happens when you jump into a condo conversion on a property built in 1825 that has $350,000 in renovations without ever doing one before? You learn a lot! We decided to jump into this deal with no real experience in the condo conversion world and we definitely learned a ton through the fire. After almost a year, (and 3 contractors) this beautiful project is finally finished and on the market! One of the two units is already under contract and we expect the other one to g
Just this week, I learned that putting a skyscraper into the air is slightly more attainable than I thought. If that isn't a crazy sentence I don't know what is. Hear me out... I've always dreamed of putting a big building in the air... in a way I think we all have. It would be pretty cool right. Let me give you a glimpse into what I learned about this week while meeting a new mentor. What I am about to tell you would be considered a stepping stone to putting up the next luxu
Ahhh! Another week, another blog post. Writing this blog has become a highlight for my week. Definitely the best part of Monday. Today, I want to talk about my favorite part of the business: Raising Money. This is undoubtedly one of the biggest hurdles new real estate investors face. I won't say we have it all figured out, but we are in a much better position then we were just 3 short months ago. How can you possibly afford a million dollar property at 25? It's simple really.
Let me take this moment to introduce myself and thank you for taking the time to visit our blog. The last 10 months have been a culmination of grit, drive and team development. In October of 2015, Christian Chasmer and myself quit our full-time time jobs to pursue a full-time career in real estate investing. The same week we closed on a 3-family rental property. Most would consider that backwards thinking. As we have grown, people ask what would make us do something like this