Are you addicted to television shows that feature individuals that buy Back Bay condos for the purpose of flipping? If your favorite show is based upon the premise that we buy ugly houses, maybe it is time to dip your own feet into this kind of Boston real estate investment. Here are some things to consider before you take the leap.

Definition of Boston Condo Flipping

Basically, Boston real estate flipping is when you buy a property below market value, rehabilitate the home, and sell it. Often, the condominium is in poor or unlivable condition, thus giving the buyer the ability to purchase it well below the prices of neighboring homes. After renovation and resale, the investor usually stands to make a good profit.

Pros of Boston Condo Flipping

When done correctly, and with a bit of luck, Back Bay condo flippers are able to recoup their initial investment easily. This is especially true when renovation costs are kept down and stay true to estimate, and the property being flipped is in a desirable neighborhood with good property values. The benefits of house flipping are:

  • Individuals that buy Beacon Hill condos for sale have the potential to make a strong profit.
  • It can often be done rapidly, allowing the buyer to reinvest quickly in a new Back Bay condo for sale.
  • It increases the value of neighboring properties.
  • Investors establish relationships with contractors, thus benefiting them in future investments.

Cons of Boston Condo Flipping

Unfortunately, flipping Boston condos for sale may not always go smoothly. Investors should be prepared for and anticipate the chance that this may happen. The drawbacks of house flipping are:

  • Investors may encounter delays with renovations.
  • Flippers of Beacon Hill condos for sale sometimes have issues getting necessary permits for certain alterations.
  • You may have trouble selling the completed property.
  • There is a chance that the investor could lose money in the end.

Contact us to learn more about Boston real estate for sale or condos for sale in Beacon Hill. And, if you think you are interested in flipping homes, be sure to contact us at 617-595-3712 or via email realtyford@yahoo.com

Back Bay condos for sale


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Author Profile

John Ford
John Ford
EXPERIENCE

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.



HISTORY

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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
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.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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