Large Multi Development

[Edward Gaeta]

Investment Info:

Large multi-family (5+ units) other investment in Boston.

Purchase price: $300,000
Cash invested: $300,000

10,000 sq ft Land development deal.
14-17 unit ground up construction.

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

The Boston market for retail is so over priced creating new product provides the best returns whether it be fix and flip or buy/hold

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

Direct to seller, drove by the land while completing a neighboring transaction and found owner's number in the whitepages, called and came to an agreement

How did you finance this deal?

Cash and Commercial financing

How did you add value to the deal?

Adding all the value, brought the deal and putting the necessary people in key roles to begin successfully.

What was the outcome?

Beginning stages

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Michael Mulcahy, Mulcahy Capital (previously Finance Boston). Lender
I am personally the broker on this deal and actively work for acquisitions