We removed all the old temporary walls, cleaned the floors and walls as best we could, added a new exterior steel door and added ample lighting. 

I’ve had a pretty good 2023. I’m closing on my 5th property this year within the next few weeks. This will give me 5 properties that cash flow anywhere between $150-$475 a month. I used all different types of financin...

I don't know Boston specifically, but Essex county MA (North Shore) has already dropped along with NH because the rates are so high buyers can't afford the prices from 6-9 months ago.

I'm also an agent in the area and slightly biased to the north shore 😂 but always happy to chat about this stuff or tell you more about my experience. 

Currently everyone is assuming higher borrowing rates are temporary and will revert to 2-3% and hence CAP rates will revert to 4-5%.

Honestly a 2-1 gut is probably in the 40-50k including materials, and tbh labor in dc isn’t even that expensive at least relative to the cost of the property’s I don’t think rehabs would be that much cheaper in Baltimore or say the eastern shore markets where housing is half of dc.

You could also ask some Realtors out to lunch and see if there is a way you can get involved with helping them out.By keeping your other job you can give yourself time to assess if this is something you want to commit to or whether its just a temporary motivation. 

My properties are within 50 miles of NYC near the shore and in Colorado within 1 hour of Boulder and Fort Collins, so I think 3% would be a safe estimate for appreciation.

That way if something breaks we can put in a temporary appliance and wait for the warranty repair or replacement or for the new appliance to become available if it’s not in stock.

The plan is to move to the new city, rent a temporary place, start the job, rent the old house and begin looking for a house to either build or buy.