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Condo Conversions: Do the numbers work?

During the peak of the real estate market in 2005/6, condo conversions were sizzling hot. Then, when the bottom fell out in the real estate crash, almost no one would touch them. Why create more units when you couldn’t sell the ones you had? Now, with the marketing heating up again, especially this spring, we’re profiling two case studies of current condo conversions.

14 Farquhar St, Roslindale, MA: This 3 unit was converted to 2 three-bedroom units and a 3rd 2 level 4 bedroom unit, with sophisticated touches such as Nest thermostats. Each unit went under agreement within about a week after it hit the market.

21 Emerton St, Salem, MA: this 2 unit in Salem is currently under construction, and Salem has it’s own set of challenges with it’s very narrow streets and a few other interesting quirks.

Join us as White Picket Fence and AA Real Estate review the ups and downs on both projects, look at some numbers analysis and discuss their approach, with plenty of time for questions and discussion.

Who: All are welcome, free to attend

What: The best real estate investing networking in Massachusetts, no selling speakers, no multi-level marketing, no memberships, no fees

Condo Conversions: Do the numbers work? Black Diamond Waltham MA tonight 5/26

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