Condo Conversion in Dorchester (Boston), MA

[Ray Hurteau]

Hi All,

We are wrapping up a 3-family condo conversion in Dorchester, MA (near JFK/UMass) and will be hosting an open house on Saturday, December 13 for anyone local who wants to see our work, network, etc.  We will have light refreshments served and the meeting is being hosted through the Boston Wealth Builders.  The meetup details can be found here: http://www.meetup.com/Networth-Investors/events/21...

For those on BP who are looking for the details of the project and photos not from the area or unable to make it, we will post those towards the end of the year once everything is complete.  We will be staging 2 of the 3 units.

Condo conversions are tricky and we've taken a more active role in this one, acting as the GC.  To summarize some of the challenges: three carpentry crews had to be fired at various times, the city stopped the project once, a dumpster delivery/removal damaged our house and our neighbor's house as well as destroyed the driveway, we almost had a ridiculous roof leak after the board and plaster was installed, the project went over budget both in terms of dollars and timing (although we probably made the mistake of under-budgeting the rehab to begin with), and we learned that even recommended trades from other investors can still not work out, such as an architect who does all his drawings by hand!

I promise I will update this thread with more details once we complete everything and if there are any questions, feel free to queue them up now!

You can also follow our progress on this project and other projects via Facebook (https://www.facebook.com/pages/HRV-Homes/176829259192011) and Twitter @HRVHomes (https://twitter.com/HRVHomes).

Happy Holidays to all!

-Ray

[Maureen F.]

@Fabricio Bohrer, I don't have the answer but wanted to check and see what happened in your situation.  Also, there's a Boston Wealth Builders event tomorrow featuring this development company (that started this thread) about a condo conversion; these sessions are always very informative.  May 20, 11 AM, 22 Roseclair Street, Dorchester.