I found an off market deal in a growing town outside of Boston and was able to go view the property. The property is very narrow and needs a lot of work but has a massive yard compared to the rest of the area and has gorgeous views of Boston on the third floor. Originally I was hoping to purchase this property as a house hack but each unit is only 1 bedroom so I struggle to make the numbers work. If I did a bigger rehab, I could enclose some porches and potentially form a second bedroom in 2 of the units but I'm a bit out of my depths when it comes to this.
In an effort to get creative, I'm wondering if there is a way I could act as a wholesaler to help the seller move on to something new. Or, I also wonder if purchasing it but instead converting it into condos might be a worthwhile avenue. Both of these processes are entirely new to me so I'm wondering what you would do if you were in my position? Would you go one of these routes or would you recommend something entirely different? Thanks in advance for your feedback!
[wholesaling] [condo conversion] [boston] [multifamily]
