Boston Real Estate Investors News
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NEXT MEETING Virtual Meeting Thursday, March 2nd 2023 at 7:00 PM EST Boston Specific - Specialized, C class
multifamily investment approach Featured Guest Speakers: Alex Cwiakala and Harrison Bonner of Wollaston Real Estate Investments will discuss their specialized, C-class multifamily investment approach, allowing them to scale from 0 to 155 apartment rentals in just 3 years by hyper-focusing and
specializing in a single market. They will present their investment modeling, successes, and failures, and discuss why they are bullish on C-class markets and other recession-proof businesses for 2023 and beyond.
Register in advance for this meeting: Register
Here
Should You Be Bullish On C-Class Apartments?
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C-Class Real Estate Is Important To Wollaston Real Estate Investments & Why Did They Target It? In March 2016, Wollaston purchased their first
single-family home renovation as budding real estate investors. They had quit their full-time jobs a couple of months prior, and we were betting 100% on themselves to make it work. Their first project they would consider, was “beginner’s luck”. Wollaston did so well, so fast they thought this business was “easy” and scaled incredibly quickly to six million dollars worth of development in our first 15 months.
And to their credit as good salesmen, they financed and scaled 100%
of these projects with OPM: other people’s money. It’s at this point the story turns. In their first two and a half years of real estate, we had more losers than winners. One very bad general contractor, partnered with naive investors, was a recipe for disaster. In the early months of 2018, they had loans they couldn’t pay back from failed investment projects. It was a stressful, high-pressure scenario to realize and live. However, it was a pivotal moment for Wollaston. Instead of claiming
bankruptcy, they restructured debt into new projects to uphold our promise to
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Quarterly Insert Q1 2023 - In this issue, we feature our Industry Partner Millennial Speciality Insurance, and preferred vendor, Equity Trust. Click here to download. Home Depot - Rebate time is here! All rebates less than $1,000 come in the form of a Home Depot Gift Card. If you have not received your rebate by March 3rd, please email Karen@nationalreia.org with your primary phone number on your ProXtra account. Karen will work with the National Rebate team to track down the rebate and get it reissued if needed. Rent Perfect - Click here to download the 2023 Rent Perfect pricing and benefits
summary.
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The National Association of Realtors is reporting that, in Q4 2022, seven of the 10 metro…
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According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide,…
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According to Black Knight’s “first look” report for December, 2022, the national…
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Currently, your feed might be exploding with terms like “Recession”, “Recession-Proof”,…
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FIND OUT HOW TO GET YOUR HOME DEPOT DISCOUNTS AND 2% CASH BACK! |
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