Flipping Boston condos for sale is a big business for some people, and a few of these entrepreneurs prefer to focus on flipping condos rather than single-family homes. Here are a few tips to help you start your new flipping career off on the right foot.
1. Put Together a Reliable Team
Find a Boston condo agents you can trust, a general contractor who does great work, a designer to help with ideas, a CPA, an insurance agent familiar with this type of work, and a real estate attorney. A solid team is crucial to your success because every member needs to be thoroughly acquainted with the business and be there when you need them.
2. Plan for Potential Problems
There are going to be unforeseen circumstances at some point during the flipping process, whether it’s a surprise repair, an increase in monthly fees, or just an accident that turns out to be a little costly. You’re going to want to have the staff and the cash available to address these problems if and when they arise.
3. Look for Undervalued Properties
Though it may seem harder to find great deals on houses with foreclosure rates on the downswing, utilizing bandit signs can be a big asset. You have probably seen bandit signs in or around downtown San Diego. They often state “We Buy Ugly Properties” or something similar. Having someone sell his or her home to you directly can save you a lot of money on a great flipper condo, and a trusted team can ensure the flip is worth the investment.
4. Don’t Forget the Finishing Touches
After you’re done with the main steps of the flip, you’ll also want to invoke positive feelings of ownership as soon as someone walks through the door. Adding furniture and decorations can really help potential buyers envision themselves living or vacationing in your condo.
If you’re a new flipper looking for Boston condos for sale in the downtown area get in touch with us today at 617-721-9504. We can help you find the properties with the best flip potential, which isn’t limited to just condos. We can also show you a variety of downtown Boston condos, lofts and penthouses. Give us a call today to schedule an appointment.
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Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs
In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.
For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.
Charles River Park
Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.
Ford Realty Inc
137 Charles Street
Boston, Ma 02114
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