From Class C to A- the turnaround of a 70 unit complex: Waltham MA Black Diamond Tuesday 9/23

[Ann Bellamy]

Renovating and stabilizing a 6 unit is one thing, but taking on a 70 unit project is in a whole other class, pun intended.  Dan Botwinik has been specializing in distressed multi-family acquisition and management, and has recently completed a major renovation and turnaround he is going to discuss.

Here are some of the points Dan will cover:

• Acquisition and negotiations
• Budgeting the renovations and the decision to significantly increase the scope and finish level to $2MM
• Permitting process, including engineering
• Locating the sweet spot of maximizing revenue and value, and minimizing construction costs
• The all important numbers
• Evictions and managing tenant expectations throughout the renovation
• Financing and refinancing
• Before and after photos

Dan’s company was awarded Outstanding Landlord Award by the Bridge of Central Massachusetts in 2012 and continues to grow, with over 400 units under management.  Questions are welcome, as he goes through this project, you are sure to have lots of them.

Who:  All are welcome, our events are free, and we have the highest attendance of seasoned investors in Massachusetts.

What:  Networking, information, cash bar, order dinner, and more networking!  Bring your deals to buy or sell.

Where:  Ristorante Marcellina, 11 Cooper St, Waltham, Mass

When:  Tues 9/23/14  6PM Networking, 6:30PM Program starts