All Forum Posts by: Alex Cwiakala

Hey DJ, yes they have the opportunity for big returns. The market is very competitive and if they're on the market, they don't stay there long. As a baseline, we budget 135 a Sq Ft for renovation. Obviously if the home isn't an entire gut, that cost can fluctuate. When we go to P&S, we start having architectural plans drawn up. They generally take 30-45 days to get and then an additional 21+ days for review by the city. Architectural plans for a 3 family full gut renovation with condo docs have ran us 12k. Hope this helps!

Hi Matthew,

I would love to connect with you. I have a goal to try and meet 3 new people each week in the real estate industry. My team and I have been pretty successful over here around Boston and I'm looking to network. Let me know if you'd like to jump on a call or grab a coffee sometime in the future. I live in Quincy.

@Rocky V. It went well thank you! We had it under agreement the next day and made 28% at the end of the day. It was quite a great first win. 

Quick flip opportunity! We currently have 18 units working and would like to unload this one as we re-vamp some of our management systems. That's why we're wholesaling. 

We have a general contractor who we've signed contracts with, that meets our reno budget of $41k and he has agreed to start with no down payment.

Basic details looks like

Purchase is 175k

Reno is 41k

ARV is 300k

Profit is 50k with a hold time of 6 months if you fund the project yourself. 

We would like the list-back on the property and would be more than willing to discuss how we would market your property. 

Please message me with your email and I will send you more property information.

I have a great new project coming up in Brookline, MA scheduled to close at the end of the month.  We've raised private money in the past with BP members and I've found this website to be a great collaboration tool. If you're interested in building a relationship or potentially working together in some respect, feel free to reach out. 

@Engelo Rumora great read! Working to get the parcel next to you! Almost there! 

Great response @Roy N.! Learn something new everyday! 

@Michael S. welcome to the industry! @Neil Gulden is right, the market is super competitive so direct mail and bandit signs have historically worked. However we have an MLS acquisition team and have found 5 very lucrative projects in the last 3 months. To get traditional deals like that, you have to be very quick on the trigger though. We were writing 30 offers a week within 12 hours of a new house being listed. For the city, forcing appreciation i.e. condo conversions is a great way to make money. That's pretty much the route you have to go in the city. I'd be more than willing to sit down with you some time next week. Always love meeting investors. Neil and I had coffee actually last week!

Hey @Neal Murphy! Welcome to the industry! $2k-$4K isn't high enough in my opinion. We spent $50k on a wholesale fee and we're spending another $35k for a new project next week. But we don't mind; if the deal makes sense, buyers will pay whatever fee they need to. Anyone who thinks you're making too much isn't a real investor and probably someone you don't want to work with. We started wholesaling, out first deal we made $1700. It was cool because it proved we could do it, but the investor made $100k on that deal. On our next deal, we made $18k. That's more like it!