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All posts in flips

Somerville Real Estate Developers Give Advice To Future Investors

Dan Rubin & Ray Hurteau, from HRV Homes, invited Boston Wealth Builders out to their latest rehab project this past weekend. They’ve recently taken on a 3 family building in Somerville which they plan to convert into 3 luxury condos. The project located at 36 Rossmore Street will consist of three 2 bedroom/2 bathroom units with floor plans of approximately 1075 square feet. The project is scheduled to be completed in the spring of 2016 and each unit will be listed at $475,000.

Dan & Ray spoke to the group (of new and experienced investors) about how they found the building, how they are financing the construction, and their detailed plans for each unit. Is was a great opportunity for some newer investors to see a project in the progress and get a real feel for the business.

If you’d like to learn more about Dan, Ray, HRV Homes, and see photos of their current and past projects, you can visit their facebook page at https://www.facebook.com/hrvhomes

Would you like to attend future site visits  and other investor meetings? If so, join Boston Wealth Builders at http://www.BostonWealthBuilders.com. All of the meeting are free to the public. 

 

Somerville Condos For Sale

 

 

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Come join us on September 19th (Quincy Marriott Hotel) for this year’s Real Estate Investor & Developer Trade Show. During the event we plan to have a great discussion on Hard Money Lending. Chris Tobin from Endeavor Capital will be joining us for the day to tell us about his business and to answer all your questions about funding deals through hard money.  Some of the points Chris will touch upon include:

• What is hard money and how does it work?

• What do lenders look for and how can I qualify for a loan?

• How do I get a proof of funds letter so I can make offers?

• What type of property will Endeavor will lend on?

• What if I have bad credit? Can I still get the loan? 

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of Boston Wealth Builders will be allowed to RSVP. To become a member, please visit the group website at http://www.BostonWealthBuilders.com. Membership is complete FREE and only takes a couple minutes.

Hope to see you there!

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Single Family Flip Opportunity – Norwood, MA

Are you looking for your next flip? This may be one you’ve been waiting for!

420 Prospect st Norwood, Ma – 

This is a single family condo attach.  The unit consist with 3 beds and 1.5 bath, living room and dinning room and a full enclosed attic that can be use as a bedroom, plus a basement. Wholesale price $ 280k … Comps in the area around $385k to $400k.. This property is located within minutes to Westwood neighborhood and major highways. Great location!!!

Photos can be seen with the following link

https://www.icloud.com/sharedalbum/#B0D59UlCqJsWVJp

For more information contact Julio Evangelista at 407-914-5344 or Julio@ComEquityFunding.com

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You hear people talk about flipping homes with no money out of pocket, but how exactly are they doing it? This FREE seminar is going to show you how to use private funds to buy, fix and sell property for a profit! The event topics will include:

· Private money – What it is, and why you need it to fund your deals

· How to find and sell yourself to private money lenders

· How to structure deals and make your private lenders feel comfortable

· Evaluating potential rehabs and crunching the numbers

· What to watch out for and trouble areas to avoid

This 1.5 hour seminar will be presented by Andrew Schena of Capital Equity Partners. Capital Equity has purchased and sold 10 of millions in Boston real estate since 2009 when established. https://www.facebook.com/CapitalEquityPartners

Saturday, September 19, 2015 – to Boston Marriott Quincy – 1000 Marriot Dr, Quincy, MA

Join Boston Wealth Builders and RSVP to the event! Membership is FREE  – www.BostonWealthBuilders.com

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of the group will be allowed to RSVP.    www.BostonWealthBuilders.com

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Attention Boston Real Estate Investors:

The Mandrell Co office has an off market FLIP opportunity in Weymouth, MA. It’s a 1450 square foot home with 3 bedrooms, 1.5 Bath home sitting on an 1 acre lot. The house is located at 641 Pleasant Street. The seller looking for cash offers and a quick closing. The home needs some work but has a ton of charm and character. Comparable sales in area say $400’s and none of the them are sitting on such a large lot.

Seller asking $259,000. Buyers to do own due diligence. Pending tax liens will be paid by seller at closing. Contact Willie Mandrell at 617-297-8641 or Willie@MandrellCo.com for more information and to schedule a showing.

Looking for other investment opportunities? Join Boston Wealth Builders! Membership is free and takes 2 mins to sign up. Join the group at http://www.BostonWealthBuilders.com

 

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Is your New Years resolution to get yourself more involved in the Boston real estate scene? Here are a few great events to get you headed in the right path.

Mutlifamily Investments 101 – Investing & Home Buying Seminar

Thursday, January 22, 2015  – 6:00 PM to

 This is a great event for first time landlords or if you’re thinking about getting into the business. The seminar will run you through all the basics of investing in Boston real estate including evaluating cash flow numbers and multifamily techniques. You can find further details and RSVP with the following link. http://www.meetup.com/Networth-Investors/events/219497293/

How To Get An 800+ Credit Score & Never Be Denied For Anything

Saturday, January 24, 2015  –  to

Are you or someone you know looking to buy a home or invest but a less than perfect credit score holding you back? This is the meeting for you! Learn the ins and outs of your personal credit and how to effectively increase your score!  For location and to RSVP click the attached link. http://www.meetup.com/Urban-Money-Matters/events/219296945/

Home Flippers Financing Summit

Saturday, January 31, 2015  –  9 to 5

Are you looking to flip houses in Mass but not sure how to get the financing? Have you heard about investors flipping property using private financing or “other peoples money”? Come learn how they’re doing from real Boston investors. This seminar will teach you how to find and recruit private money investors to fund your flips!  Seating is limited!
Purchase your tickets with the following link. http://www.eventbrite.com/e/house-flipping-finance-summit-tickets-14920536727?aff=WillieMandrell

 

 

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Do I need different insurance if I’m house flipping? What type of coverage do I need for vacant homes?

Make sure you are properly covered! Vacant homeowners insurance (vacant home insurance hereafter) is special insurance protection placed on a residence that is expected to be empty or unoccupied for over 60 to 90 days, or perhaps much longer. Every insurance policy offered by a property insurer is different and there are even variations from State to State, but no “regular” homeowners insurance policy is able to cover a house that is not being lived in.

In order to properly protect the home, the existing policy needs to be cancelled and a special vacant home or vacant building policy needs to be put in place. A new policy has to replace the old. The vacancy policy is not the same as the existing homeowners policy in most cases. The homeowner has to understand what the differences are, and also should expect to pay much more for a vacant homeowners policy.

Read more at http://www.articlealley.com/article_818308_33.html?ktrack=kcplink

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