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Updated over 8 years ago on . Most recent reply

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31
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4
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Jonathan Z.
  • Investor
  • Jamaica Plain, MA
4
Votes |
31
Posts

Construction choices: Rental Vs Flip

Jonathan Z.
  • Investor
  • Jamaica Plain, MA
Posted

My partner and I have recently decided to hold a new build that we were originally planning on flipping. Our plan is to refinance the property once complete and leverage the equity (and also take out an equity line incase we may need it at some point) to fund future investments.

Are there any changes in the construction itself that someone who has done this before could recommend we make to make it better for rentals? It is a two Family 3bed/2bath + 2bed/1bath split in an up in coming suburb of Boston, MA.

Thanks!

Most Popular Reply

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3,269
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2,367
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,367
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3,269
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

I suggest making all utilities separate, if you haven't already done so, including Water and Sewer. check both the state laws and the municipal laws and regulations regarding charging tenants for separately metered utilities.

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