<p>Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. <strong>Ricky Beliveau</strong> makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.</p><p>In This Episode We Cover:</p><ul>
How Ricky started by borrowing money from his mom
Thoughts on buying an expensive property in an expensive market
How he got 4 signers and co-signers per unit
Tips for finding a property manager
The upsides to having a college rental
How he achieves next to zero vacancies
How he tenant-proofs his rentals
The value of his property today
The details of his next deals
How to find these gems of properties
What a condo conversion is
The average cost for condo conversion with an attorney
How he sets the HOA up
How to tell if a property is good for conversion
Thoughts on keeping a day job while investing
How to find reliable contractors
What’s next for Ricky
And SO much more!
Links from the Show
Books Mentioned in this Show
Tweetable Topics:
- “Let the experts do what they do well, and you can do what you do well.” (Tweet This!)
- “If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)
- “Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)
Connect with Ricky
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