Good morning folks,
Recently we had Manolis Sfinarolakis with Patch of Land come to discuss Crowd Funding. Manolis mentioned a white paper that they were getting ready to release focused on Boston. There is a focus on a trend towards developments and condo conversions and the article shows the total cost of new housing developments has sky-rocketed in the last 5 years and the totel number of new housing units has followed suit. They also outline the average profit from flipping a home is higher in Boston than most areas in the country, I will say the average profit looks a little high, but, I don’t know everyone’s numbers. In any case, Boston is a great place to invest in real estate! To read the white paper, simply click here, it is a free download.
In connection with the release of their latest research white paper on the Boston Real Estate Market, Patch of Land is hosting a free event on September 9th from 6 – 9 P.M. in downtown Boston. Complimentary appetizers and drinks will be served and there will be a panel discussion on Crowd funding.
Event details & RSVP’s may be found / made here: https://www.eventbrite.com/e/
Almost as a testimonial to the report, Boston AREIA is hosting our latest rehab tour with Boston Property Development. This is a tour of a commercial building that had been sitting empty for some time and is now in the process of turning into a 23 unit luxury living community in Quincy. I was able to tour it the other day and said, “We need to do a rehab tour so our members can see a large scale development in process!” I asked, Matt from Boston Property said yes! For all the details check out our upcoming events page. Heck if you are looking or you know someone who’s looking to live in a luxury community in Quincy – check it out – http://10mquincy.com/
Have a great labor day weekend, get some rest and maybe we will bump into each other at one of the events next week.
Bernadette Trafton, Boston AREIA Chief Connector