Any Central Mass flippers?

[David Barnett]

I was wondering if there were any active MetroWest/Central Mass flippers on the forums. Specifically, I was drawn to the older and outdated properties in the Worcester area (a lot of SFR's seem to be late 70's early 80's vintage). I was wondering if there were any active flippers and any insight into that market. From the preliminary research that I've done, purchase prices seem to be within $150k-$200k with ARV's of mid to high $200k's. Looking forward to connecting with any Central Mass flippers. Thanks in advance!

[Brian J Allen]

I think your purchase price may be a little low. Not much at all under $200k or even $250k. If you go North or west of Worcester maybe you get those numbers but there is not as much demand for the finished product. I think if you shoot for $250k purchase and $325k ARV you are more on target. Yes, these places are old. The key is to pull the appropriate permits from the cities as banks are now looking for those things. I'm out looking at these things every day in Worcester