Turnkey condo in Dorchester questions
Hi all- we have recently completely a flip in Dorchester Center. Two units of a three unit building, fully renovated with parking which are listed under 400k each, 3 bed, 1 bath. In three weeks on the market We have received excellent feedback on the units and price but the neighborhood is proving to be a challenge. The area is still being developed and a good amount of buyers in this price range seem apprehensive about buying there. It would also be a fantastic house hack opportunity. We were even featured in Boston Magazine as a top place in Boston under 500k! Two big questions I hope to get some advice on-
1-what strategies have helped you work around a neighborhood that is still being developed? How do you help buyer see the future appreciation value?
2- we have a HML and would consider refinancing out some money sooner rather than later as our holding costs are very high. Has anyone been able to successfully refi without renters in place? Although we would consider renting if needed, ideally these units have been renovated to flip.
Any thoughts are welcome. I am attaching the links to the listing if it is helpful. Thanks!!
https://www.trulia.com/p/ma/boston/9-whitfield-st-2-boston-ma-02124--2001497223
https://www.zillow.com/homedetails/9-Whitfield-St-3-Boston-MA-02124/81856253_zpid/