50 Liberty - Ultra Luxury Condo Flip on Boston's Waterfront

[Chris Jennings]

Investment Info:

Single-family residence fix & flip investment in Boston.

Purchase price: $4,500,000
Cash invested: $1,150,000
Sale price: $5,500,000

This was a 4 month flip with excellent returns.

What made you interested in investing in this type of deal?

This is a unique property and all the metrics supported the buy and sell price.

How did you find this deal and how did you negotiate it?

This was an off market deal that I was informed of by my group of contacts.

How did you finance this deal?

I put down cash and then financed this through a private bank.

How did you add value to the deal?

The staging was key to this sale.

What was the outcome?

The outcome was incredible. In less than 5 months I was able to get an excellent return.

Lessons learned? Challenges?

Our original sell price that was suggested by our realtor was too high. We could have made 300k more and reduced our holding costs.