Dorchester Center Land Deal
Investment Info:
Other fix & flip investment.
Purchase price: $900,000
Cash invested: $1,000,000
Land Deal with the intention of building 12+ residential units with Passive House construction guidelines
What made you interested in investing in this type of deal?
The quality of housing available in the city is deteriorating and changing smaller scale development through incorporating new building techniques is at the forefront of our company.
How did you find this deal and how did you negotiate it?
Cold call and negotiate directly with seller.
How did you finance this deal?
private money after zba approvals
How did you add value to the deal?
complete redevelopment
What was the outcome?
TBD
Lessons learned? Challenges?
learning something new everyday and interacting with different city offices related to energy initiatives
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mulcahy Capital, Thoughtcraft Architects, and I brokered the deal myself and will sell the residential units myself when completed.