When you are buying a home for investment purposes, overruns on budgets and time frame are the two most common ways that an investor can lose their shirt. Buying any home involves a certain amount of risk. However, when you are buying a property as-is for investment purposes and waiving inspections, things can get ugly fast.
Over the years, we have identified 5 simple ways to determine whether the home is a potential money pit. We've determined these 5 ways by making an enormous amount of mistakes ourselves. Our goal is to help you learn from our mistakes and ensure profitability on your own deals.
Tom is a principle of Ocean City Development and is head of acquisitions. Tom has been on the front lines of Ocean City Development's team, and has helped his team to acquire over 60 properties in the past 12 months including both fix and flip and buy and hold transactions.
Location: This Boston-North Meetup location will located at our latest renovation: 35 Quimby Road in Haverhill, MA. This is an open invitation with no fees, and all that we ask is that you rsvp on our page prior to the event.
Environment: We will have an informal environment, including food and refreshments fully catered by The Farmland in Wakefield . The educational portion of the event will begin at approximately 6:15pm. Please come ready to network and mingle with other individuals in the real estate industry.
Time and Structure of Event: the event starts at 5:00pm, but feel free to come anywhere between 5:00- 7:00pm. You will be able to go in and out at your convenience.
Attendees: typical attendees usually consist of other real estate investors, wholesalers, hard money lenders and brokers, real estate agents, real estate attorney's, real estate accountants, contractors and anyone looking to get into the real estate business.