How to find buy+hold & development opportunities around Boston?

Boston, Massachusetts
Buying & Selling Real Estate
3yFollow

How to find buy+hold & development opportunities around Boston?

Tyler Theuer
Member since 2023 · 1 post · 0 votes

Hi everyone! My name is Tyler, I'm a huge fan of everything BP and this is my first post here on the BP forums.

I've been working for a small real estate developer in Boston for the past 4 months. Our company is only 4 employees but we have a good amount of projects underway considering our size. My job is to help increase our deal flow and find more development projects for my company to take on. We're also looking for BRRR properties to rehab and cash flow, but it's become increasingly difficult with the current interest rates.

My question for other developers + RE investors around the area, how do you go about finding new development opportunities? 

Any help would be appreciated!

0Reply
34 views

Most Popular Reply

Sean Kelly-Rand
Member since 2019 · 74 posts · 54 votes
3y

@Tyler Theuer I would just ask @Lien Vuong to find one for me (We've financed her clients and they crushed it on the projects she picked for them).  She found great deals in Roxbury on the JP border and Chelsea. 

Personally I had luck starting out picking a market that was one neighborhood over from where the action was - i.e. if you like Eastie, than look at Chelsea or Winthrop with the idea that the values spread out. 

Also there is a lot of permitted land for sale right now, so if you are willing to build ground up and take the time to go through the numbers you should be able to find value. 

If you need bridge/fixnflip or development financing feel free to reach out. 

1Reply
See this reply in the discussion

3 Replies

Jump to latestLatest
  • Kyle Spearin
    Real Estate Agent · Boston, MA · Member since 2016 · 450 posts · 214 votes
    3y

    Look for patterns in terms of population growth and trends around the city. I personally like Dorchester and East Boston as areas with tremendous opportunity for growth. 

    From there, you can drive neighborhoods and see which areas offer big upside. You can do mailers, billboards, talk to local agents, etc. to get your leads.

    0Reply
  • Lien VuongBusiness Member
    Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
    3y

    I would expand my search as far as your crew and resources will allow you to. You can certainly start new in a big market/state but expanding locally here first would give you advantage with your existing network and understand of the geographical area. 

    [email protected]
    The Elle Group5153 Reviews
    WebsiteView Page
    1Reply
  • Sean Kelly-Rand
    Member since 2019 · 74 posts · 54 votes
    3y

    @Tyler Theuer I would just ask @Lien Vuong to find one for me (We've financed her clients and they crushed it on the projects she picked for them).  She found great deals in Roxbury on the JP border and Chelsea. 

    Personally I had luck starting out picking a market that was one neighborhood over from where the action was - i.e. if you like Eastie, than look at Chelsea or Winthrop with the idea that the values spread out. 

    Also there is a lot of permitted land for sale right now, so if you are willing to build ground up and take the time to go through the numbers you should be able to find value. 

    If you need bridge/fixnflip or development financing feel free to reach out. 

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free