Author Archive
THIS EVENING 1/31/2012 Staging, Bank Owned & Lending
Posted by: | Comments(Email and phone blast that just went out)
Good Morning [First Name],
This is our 2nd meeting of 2012, Happy New Year if we haven’t seen each other yet and THIS EVENING is one of our most important meetings of the year. I’ll be setting the stage with the DOM that’s Days On the Market for unsold property. What’s your “farm” area that we can cover at this meeting?
1. As you look around at our current Real Estate landscape, you’ll notice a lot of homes languishing on the market. In addition to price, there’s the “curb” or as Karen puts it 90% of Buyers will not even look at a house for sale if they do not like the On-Line pictures. It’s a new day now and instead of driving around all weekend in the hopes of catching something under the radar, people now look On-Line. She’ll be showing us how to maximize our opportunities. In other words there’s an Art Form she’s mastered just on how to take those “postage-stamp” sized pictures that are your 9 seconds of exposure to a Buyer.
Karen – “…. if you want to let members know that I will also be talking on “staging for investors” which is proven to sell properties faster and for more money. In addition there’s staging tips and tricks they can do themselves and most importantly when they would need to hire a professional stager.” Finally she’s got a Special Report on Staging – Tips, Tricks and the Most Effective Techniques ONLY for those attending TONIGHT.
Tuesday, January 31, 2012 6:30 – 9:00PM:
Karen will be showing us how to “Get it Sold before it’s Old” with her expert Staging Techniques. If you’ve got a house ready for the Spring market or one that’s been languishing for a while, here’s your chance to REALLY get it ready. We’ll also be covering Insulation and it’s payback although it’s been a mild Winter so far. Then reasonable HomeOwners and Fire Policies with Big savings, who couldn’t use a few bucks to put back into property upgrades? Or buy your spouse something nice!
2. Also Bank owned (big discounted) property. Incidentally if you’re looking at Jumbos (financing over $417k) you may want to give me a quick shout 781-248-6907 cell or email Mike.Hurney@gmacm.com we’re kicking it with the lowest Jumbo rates right now!
January 31, 2012 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership! Follow-up on Short-Sales, Foreclosures, Auctions and Karen has been buried with Staging work and will take most of the evening, which she really needs, to get us up to speed on “Get it Sold before it’s Old”. Insulation payback, reduced price Homeowners/fire policies and Bank Owned Real Estate. Buy/Sell, Networking and refreshments. Let’s start the year off right, see you there This Evening! Mike
Friday February 17, 2012 7-8:30pm for Movers and Shakers at Denny’s of Danvers.
See you soon, Mike!
www.MassRealEstate.net Massachusetts Real Estate Investors Association
PO Box 307
Marblehead, MA 01945
781-639-8616
MREIA@comcast.net
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Update and next Tuesday 1/31/2012
Posted by: | Comments1/27/12 3:57pm email that just went out:
Good afternoon Fellow Real Estate Investors,
1. Next Tuesday:
Karen will be showing us how to “Get it Sold before it’s Old” with her expert Staging Techniques. If you’ve got a house ready for the Spring market or one that’s been languishing for a while, here’s your chance to REALLY get it ready. We’ll also be covering Insulation and it’s payback although it’s been a mild Winter so far. Then reasonable HomeOwners and Fire Policies with Big savings, who couldn’t use a few bucks to put back into property upgrades? Or buy your spouse something nice!
2. Also Bank owned (big discounted) property. Incidentally if you’re looking at Jumbos (financing over $417k) you may want to give me a quick shout 781-248-6907 cell or email Mike.Hurney@gmacm.com we’re kicking it with the lowest rates right now!
3. I attended a Condominium Expo last year and there’s another upcoming on May 22, 2012 This is mainly for Boards, not necessarily individual buyers. I mention this because management, funding and maintenance topics have come up at our meetings. In the latest edition of their monthly, two articles that pertain to our discussion “Struggling Loan Programs Will Impact HOAs” and recent changes in the Mass Supreme court on “Dealing with Snow & Ice Accumulations” by Howard Goldman. Both excellent articles which I’ll bring copies of to the next meeting if you’d like?
4. I also heard Jennifer Athas speak on Barry Armstrongs 680 AM WRKO “Lunch Money” daily show 12-1PM. She’s also got an article in todays Boston Herald on pockets of Cape Cod – “Mild Winter heating up Cape Sales” very interesting!
January 31, 2012 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership! Follow-up on Short-Sales, Foreclosures, Auctions and Karen has been buried with Staging work and will take most of the evening, which she really needs, to get us up to speed on “Get it Sold before it’s Old”. Insulation payback, reduced price Homeowners/fire policies and Bank Owned Real Estate. Buy/Sell, Networking and refreshments. See you there!
Friday February 17, 2012 7-8:30pm for Movers and Shakers at Denny’s of Danvers.
See you soon, Mike!
www.MassRealEstate.net Massachusetts Real Estate Investors Association
PO Box 307
Marblehead, MA 01945
781-639-8616
MREIA@comcast.net
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2011 year in review & 2012 will be even better w/your help!
Posted by: | CommentsHey Members, here’s a quick review of 2011 and with your help and suggestions 2012 should be even better! Mike
2011
December 27, 2011 Not what you make but what you keep. Odds of making $ in RealEstate
I’ll be speaking about the “odds” of making it in Real Estate. I believe it’s one in ten if you follow Lessons 1-12 which I’ll cover tonight. This versus the common misconception that you can do it in a one hit lottery style. Incidentally Quick Pic for tonight has $206M prize with odds something like 1 in 175,711,536 (based on their payout from David Baker at the Commission) want a chance? See you tonight. By the way National Institute of Lightning Safety estimates the chances of Lightning striking you are 1 in 280,000,000. I’ll take Real Estate and You’ll see how tonight. Also let’s get up to speed on the huge profitable field of Short Sales, REOs (Bank Owned Real Estate) and Auctions. Mike
Lessons 1-12* I spoke about the “odds” of making it in Real Estate. I believe it’s one in ten if you follow Lessons 1-12 (below) which I covered from my course “How to Become a Real Estate Investor in 12 Easy Lessons” which is only $599. for non Members and $499. for members ($99/year to join MassRealEstate.net)
Lesson 1. Stake out your Territory.
2. What’s the Traffic in that area?
3. Friends and Influences.
4. Make an Offer.
5. Qualify a Buyer.
6. “Comps”
7. CounterOffers.
8. Rehabbing and Estimating.
9. To Flip or Not to Flip.
10. The dirtest 11 letter word.
11. Networking.
12. Vision
2. Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands. There’s more to mileage expenses than you think, Steve will cover this simple chart.
Also borrowing against your home to convert nondeductible personal interest into deductible home equity interest. Tax Opportunities for “Real Estate Professionals” let’s you avoid “passive income” limits on Real Estate losses. Tax on most long-term capital gains is capped at 15% but that capital gains can cost you valuable deductions, credits, allowances and subject you to the Alternative Minimum Tax, Steve will make sure we understand this and more… Witholding and Estimated Tax payments, Repairs vs Improvements, Depreciating Real Estate for Maximum Savings when you “Cost Segregating” strategies….
November 29, Buy right, Housing Judge, Storm damage tonight
1. Know how to “Analyze” a property? After this meeting tonight, you will. That is How to “Buy right” and “make money going into the deal”. All 4 ways to analyze income property!
2. Before you jump into something it’s important to know the rules. In the Housing Business if you don’t know the simple Rules your cashflow, business and YOU will go down fast! You can learn those rules tonight with the Housing Judge who’s seen it all. What are the trends in Court and how are cases being handled?
3. Several years ago Harvard University issued a paper that concluded: We in the northeast had not been hit with a serious Hurricane that had caused significant damage and we may be due for one in the near future. (Duh…) All the insurance companies in the area took this opportunity to either discontinue Storm Damage clauses or restrict the payouts. Typically policy costs increased dramatically and most of Cape Cod had to be covered by an “assigned risk pool”. Lately Narragansett Bay has entered the arena with reduced cost policies. If you’re coverage has increased dramatically because of this study? You need to be here tonight and hear how to save money.
4. more on the Affordable Housing Lottery in Marblehead, MA
October 25, Options, How to avoid 7 Deadly mistakes, Tenant Check, SEO
1. Know how to “Option” a property? After this meeting tonight, you will. That is How to “Contract to Purchase a Property” in an Agreement that you can sell! And do it in an “iron-clad” document.
2. What pitfalls are out there for new investors that you can easily avoid? How about 1. Doing your Homework? I know you didn’t like it in school why would you like it now? Actually it’s easily done. And making improvements in the WRONG order? and Putting a “Team” of Partners together. and Setting up a Legal Entity? and Not Documenting agreements? We’ll show how to simply avoid these “mines in your field” and more, tonight!
3. Want to know how MaryAnn saved me tens of thousands in Tenant costs and how we met. I believe you can not be in the Income Property Business without her. Even if you hit Plan B (not being able to Sell and having to rent) her report is Critical to your Success. She’ll also share tips with us, that can save you thousands in Legal Fees and untold nights of aggravation.
4. Steve is THE expert on Social Media and how you can help hundreds of your potential Customers. He’ll speak about YOUR Funnel and Developing YOUR niche.
September 27 Evictions, Auctions, Get Started, Boilers Buy/Sell, Networking and Refreshments,
1. Part 2“Who Else Wants to have a Hassle-Free Landlording business?”
The Junkyard Dog of Eviction Attorneys will take us step by step through the entire Eviction process and how to avoid the many minefields in the Housing Court!
2. Garrett the Auctioneer will share his insight to Real Estate Auctions, Absolute-Auctions, Conditional, Short Sales, REOs, Foreclosure Auctions. Also what’s happening now, what are the trends that you need to know before attending an Auction?
3. Save money each month, Avoid a breakdown and increase the value of your property. Efficient Boilers and water heaters for our coming Winter with Tom.
4. Getting Started. Where can you begin in Real Estate today and start making money right now? It seems many of our members are eager to go ahead but the information is not conclusive:
So, Get it under agreement OPTION, finance it with someone else’s money OPM and sell it quickly to a retail buyer FLIP! These 3 simple steps are not that simple. Learn what they really are and how to use them tonight!
August 30, 1. “Who Else Wants to have a Hassle-Free Landlording business?”
Starting with Let your Tenants know you’re Serious, Serve ‘em with a Constable!
2. Meet ShortSale Brokers so successful they’ve run out of money. This may be a good networking connection If you’d like to help these three investors
3. Efficient Boilers and water heaters for our coming Winter.
4. Behavioral Styles Can Give You a Leg Up. Michael Sobus PhD
Learn The easiest way to sell more, manage better & lead more successfully is to understand the Operating Systems or Behavioral Styles of others. By adjusting your style to theirs you gain instant credibility, literally becoming a member of their tribe.
5. Guerrilla marketing for already busy Investors
July 26, 1. Rates, 2. Briefcase 3. How to Become a Real Estate Investor… 4. Update from the “Junk-Yard-Dog”
1. We’re in the Real Estate “doldrums” (Seasonal slow activity) for the next couple of weeks but our Financing programs are very Active and Competitive in fact our management says we’ve just hit an Historic all-time Lowest rate. So you may want to give me a call 781-248-6907 before something changes.
2. We have the “Briefcase of Consumer Credit Info” CD which I’ll handout at the Mover’s and Shakers on August 19. Good Resource to have!
or If you’re a current member you can send me a SASE (Self Addressed Stamped Envelope) and I’ll mail a copy to you ASAP.
3. I’ve updated my Course “How to Become a Real Estate Investor” with an Excel Estimating Offer Calculator (actually Allison did it;-) If you’ve taken the Course recently I’ll get it to you. If you’re thinking about joining us? Now’s a good time. Only $599. for non-members, $499 for current members.
4. Our Advisor and annual Speaker, Rick the Junk Yard Dog of Evictions had this to pass on: “If you’re not receiving timely Rental payments it’s unlikely that will get better. If someone is behind in paying, Why wait? You can always slow down the Eviction process but you can’t speed it up. 14 day notice, 3 weeks to get into Court (barring any of the mistakes Landlords usually make like Security Deposit infractions), two weeks for a decision and 2 months to clear out. Add that to some already behind rent and you’re talking serious money. Act now!”
This week I’m working on several Refinances with values that support the Loan to Value needed. Conforming rates are low enough for a lot of folks to refi. When you’re ready for money on that offer or to refi your current property? Mike.Hurney@gmacm.com 781-248-6907 cell NMLS#43341
July 25, Investing software, Green Bldg, Legal ed. & Hurricanes
Anyone need a Plumber? I’ve got Tom, who spoke to us several months ago, working for a couple of days for me with a water heater, faucet and sink upgrade? He’s at 617-697-7330
1. Buy, Sell and networking.
2. We’ve got Constant Contact Email.
3. There are over 100 members that have received the 360 Real Estate investing software by joining or renewing their membership in MassRealEstate.net We’ll have a segment to analyze Deal/No-Deal for several potential purchases (more if you bring them). You’ll learn how to utilize this powerful tool. Otherwise you may end up like the Prince with the glass slipper scouring the Countryside for Cinderella. After this you’ll know your numbers and whether to Jump or Pass on your next deal!!
4. Our member Felecia Elias is a “Green” builder who will show us How to build green? What is Green Building? Why you have to build Green today? The advantage$? and How easy it is to work with her?
5. Ice cream at the door, air conditioned meeting room1.
6. New member benefit Legal Education, if you want it?
7. Hurricane prep. Forecasters predict 3-6 major (winds over 111mph) Hurricanes in the Atlantic this season (June1 – October), 6-10 less severe (winds at least 74mph) and 12-18 (at least 39mph) named storms. Are you ready? Want that Insurance company back to speak/prepare us?
8. This week I’m working on a money saving 2nd home refinance and a cross collateral loan of $900k. also Conforming rates are low enough for a lot of folks to refi. When you’re ready for money on that offer or to refi your current property? Mike.Hurney@gmacm.com 781-248-6907 cell NMLS#43341
June 30, You can join our buddy Denis Keohane (who spoke to us in May at our regular monthly meeting) at his Webinar
You can also join us at his “Real Estate Mastery 101 Course on Saturday, July 16th in Randolph. It will be an 8 hr course. We are charging $475/person and you can bring a family member for free.” I’ll be providing lunch and speaking briefly about GMAC mortgages. When you sign up for this event at MassRealEstate.net you’ll receive 3 bonuses, But only if you sign up with us! You can call my cell 781-248-6907 and I’ll email or fax the signup form. See you at 7! Mike Hurney
Last Tuesday
2. Isoteric discussion slowed us down on “Net” covering Rehabbing costs for Getting Started IV. I’ll have a filled out version available next weekend.
3. Promote your Business? If it’s Real Estate related, I’m glad to give you some time at upcoming meetings and a Banner for a month. Then if you find it’s worth it? You can Upgrade your membership to a Corporate membership. Then we’ll keep it there for 12 months, let you speak a second time during that year and place articles on our emails. You can see this month’s speakers; Rick, Kristin and Gary on the Home Page MassRealEstate.net this afternoon
4. Welcome New and Renewing Members; Margarita, Mark, Tim, Nicholas, Michael, Anthony, Patrick and Jeremy!
5. 360 Investor Software – I’ve sent ALL our recent members to Bob Beckman for their 360 Investor Software. I’m paying big bucks for this worthwhile package which should greatly enhance your business! If you haven’t received the link, you can email me and we’ll figure it out ASAP.
6. Independence Day is fast approaching. Celebrate the day by paying tribute to those who struggled and sacrificed to make our country great. Things may seem tough now but we’re Americans and we will get it right, despite these Politicians that always seem to have “Our Interests” at heart! We’re working Smart, Hard and networking, which will prevail!
7. Marilyn won the door prize “Something’s Gotta Give” dvd so she’ll know exactly how to upgrade her house for sale.
8. Rick wowed us with his knowledge of Kitchens. After doing over a thousand I guess he knows what’s going on. He also covered the Costs and where your usage would be whether it’s Rentals, Upgrade to Sell or High-end Selling.
9. Kristin had an unbelievably thorough study of Millennials (born between January 1, 1980 and December 31, 1989) it all makes sense when you figure they’re graduating with Huge debt, can’t qualify for a mortgage and want everything Now! She’ll also be doing an inexpensive Marketing Program for us, real soon.
10. Gary has an insurance product that has better returns than the Killer Deals and Real Estate Flips some of us have been doing.
The Real Estate business seems to be picking up some steam. Get in now or at least get on our Property notification List so you’ll understand the values.
When you’re ready for money on that offer or to refi your current property? Mike.Hurney@gmacm.com 781-248-6907 cell NMLS#43341
Have a Safe and Happy 4th and we’ll see you soon (tonight’s Webinar at 7pm? Movers and Shakers July 15? Denis’ Bootcamp July 16? or our monthly meeting July 26?) Mike
May 31, See you this evening at the Air Conditioned SpringHill Suites
Real Estate Investor Mike Dube
1. Who really knows What’s going on in Real Estate and the Economy? Every day we hear different messages about Sales and Values compared to last month or last year or 2002. There’s no disputing that Market Data but Mike Dube has some insight he’ll share with us on how we can BEST position ourselves for Succes$ against inflation! (back by popular demand!)
2 Patrick the Electrician will show us where NOT to cut corners with an Electrical Contractor. also How you can add Value and the highest ROI electrical Upgrades!
4. I’ll be doing the Getting Started segment, taking a deal from Start to Finish with the big picture. A lot of investors think they’ve covered all their costs until ….. then they realize that $10,000 profit is actually -$1,500! Hey that’s like going to school, paying for education! Let’s put our monthly education to work and have a net PROFIT.
I look forward to seeing you at the Air Conditioned SpringHill Suites in Peabody in a couple of hours, Mike Hurney.
April 26, 1. (New event Part II – 5:30 – 6:30 How to Get Started)
Confucius said “A journey of a thousand miles begins with the first step.”
but he forgot to say, that’s often the hardest.
Many of our members have a lot of Books and Tapes which can be overwhelming, especially if you don’t want to make a big mistake.
When you show up at 5:30 pm We’ll continue to review the Underlying Principles of Real Estate success which are common to all programs!
2. Short Sales Update – How many? How long are they on the market? and Sold to List ratios?
3. 7:00 pm Contractors Panel Discussion
Electrician, Plumber and General Contractor. How to make things go right! This will be a candid and frank discussion on how to work with the experts that make your Real Estate success possible.
4. 7:30/8:00 – 9:00 our MAIN EVENT
Successful, Real Estate Investor Denis Keohane shares his “Secrets of Success” Ever hear? Hang with Successful people and something will rub off on you. This is it! See you there, Mike
March 29, Tomorrow evening our regular monthly meeting at the SpringHill Suites Hotel, 43 Newbury Street (Route 1 North), Peabody, MA 01960 978-535-5000 5:30 – 9:00 pm
but
A. a new event – Getting started (5:30 – 6:30pm) details on MassRealEstate.net regular event starts at 6:30
B. Next we have How to Setup your Deal Analyzer with the 360 RE Software, so don’t forget your Laptop, we DO have WiFi in the room.
The Owner Bob Beckman, in person, will also help you setup a website.
C. Asset Protection with the Latest Changes in the Massachusetts Homestead Act! Attorney Robert
D. A couple of new Videos on the MassRealEstate.net home page (you can hit refresh on your browser to see all 5).
Don’t forget
1. Meet successful fellow Real Estate Investors and see what they’re up to. 2. Find out how to Analyze that deal you’ve been looking at. 3. Learn how to find “Creative Financing”. 4. I’ve got an interesting door prize the “Kill-A-Watt” an Electricity Usage Monitor. 5. Refreshments. So don’t forget your Business cards and a new notebook! See you tomorrow evening Tuesday March 29 at 5:30pm! Mike
E. I’m spending more time on Facebook with good results and I’ll be inviting you to join me. I’m also updating our MassRealEstate.net/blog/
February 22, FLEX YOUR REAL ESTATE MUSCLE WITH SHORT SALES
Size yourself up. Ask yourself if you are satisfied with your real estate results.
Are you stuck in Real Estate Rut wearing the same ole same ole traditional real estate portfolio?
I’ve got news for you, it shows.
Listen up Agents: over 50% of your potential closings will likely include a short sale transaction in 2011.
Agents and Investors: learn how to work the hottest income stream, short sales! Achieve massive financial results over the next 2 years
Flex Your Real Estate Muscle with Short Sales. Get with the program NOW!
January 25, not Tonight! We’ve moved our regular monthly meeting to Tuesday, February 1, 2011, 6:30 pm to accommodate our Speaker, Barton! Any time we change dates someone inadvertently shows up, so I’ll do my usual and be there with a Pizza to talk Real Estate tonight just in case someone forgets.
Next Tuesday we’ve got a lot to cover in How to Setup a Short Sale business to: Buy your next home at a deep discount, Flip property to another Wholesaler for a chunk of ca$h or Purchase Rentals for monthly POSITVE cash flow.
The next weekend February 5 & 6, 2011 we’ll cover all the details for you to setup this lucrative business for yourself. Barton has cautioned me on the amount of time she needs to show you how easy it is, to do it right, the first time:
New house of the Week. Dec 19 House below is gone (I qualified the Buyer last night)
Posted by: | CommentsRoberta R. Hurney
The Lincoln Group
1 West Orchard Street Suite 116
(781) 639-8616 office/fax
(781) 248-6907 cell
| Remarks |
| Beautiful 1 bed. penthouse loft in South-End style brownstone. A mix of modern style & new renovation with a wide open floor plan that allows great flow for entertaining. Light pours through 3 walls of windows & 4 skylights. Enter the kitchen to granite counters, stainless appliances, W/D and fabulous attached island. Owners converted study or 2nd bed into huge walk in closet! With a large marble bath and jacuzzi tub, off street parking as well as a shared back yard this modern condo is perfect! |
| Property Information |
| Approx. Living Area: 916 sq. ft. ($326.42/sq. ft.) | Approx. Acres: | Garage Spaces: 0 – |
| Living Area Includes: | Heat Zones: 2 Forced Air, Gas | Parking Spaces: 1 Off-Street, Deeded |
| Living Area Source: Owner | Cool Zones: 1 Central Air | Levels in Unit: 2 |
| Living Area Disclosures: | ||
| Complex & Association Information | ||
| Complex Name: | Units in Complex: 3 Complete: Yes | Units Owner Occupied: 3 Source: |
| Association: Yes Fee: $300 Monthly | Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance | |
| Room Levels, Dimensions and Features |
| Room | Level | Size | Features |
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Last Tuesday and Weekly List of Short-Sale Lender-Owned properties.
Posted by: | CommentsGood Afternoon Fellow Investors,
Interesting meeting Tuesday. I demonstrated the favorable odds of making it in Real Estate and
* Steve the CFP covered: Instant Tax Relief –
10 Biggest Mistakes of Real Estate Investors
how to break down our expenses and a lot of time on how to categorize Repairs vs Improvements which makes a huge difference on our tax Return$. He also offered his Presentation and a reduced rate to everyone who attended.
* I spoke about the “odds” of making it in Real Estate. I believe it’s one in ten if you follow Lessons 1-12 (below) which I covered from my course “How to Become a Real Estate Investor in 12 Easy Lessons” which is only $599. for non Members and $499. for members ($99/year to join MassRealEstate.net)
Lesson 1. Stake out your Territory.
2. What’s the Traffic in that area?
3. Friends and Influences.
4. Make an Offer.
5. Qualify a Buyer.
6. “Comps”
7. CounterOffers.
8. Rehabbing and Estimating.
9. To Flip or Not to Flip.
10. The dirtest 11 letter word.
11. Networking.
12. Vision
At our meeting we handed out a Massachusetts Mega Million Lottery ticket to everyone who attended (75 Total). The prize $206M with odds something like 1 in 175,711,536 (based on their payout from David Baker at the Commission). The numbers drawn Tuesday at 11pm were 23-32-33-39-43 (08) Unfortunately there were No winners out of the 75. Incidentally before our meeting Allison said “Oh my goodness what if someone actually wins?” Then I’ll probably be considered the largest benefactor ($206M) in the History of Massachusetts;-) I believe many folks think Real Estate is a quick-hit way to make money then you can relax, like the Lottery leads us to believe. My point The Lottery is NOT easy to make money on, as we saw Tuesday and if you follow a plan with consistency and effort you’ll do very well in Real Estate.
Right now my Course is available, just email me Mike@MassRealEstate.net
I’m starting a series with everyone who belongs to or attends our meetings. First on Tuesday’s I’ll send your ” Weekly List of Short-Sale, Lender Owned properties” Please select the City/Town you’d like? Today I’m sending Malden to everyone as an example. Then on Friday’s I’ll select the Best Buy of the week and arrange a Private Showing for you on (example Saturday at 11am) and let you know why it’s the Best Buy. My Goal for 2012 is to have everyone in the Association be educated in the Short-Sale, Foreclosure, Auction process and know how to take advantage of these opportunities.
Roberta R. Hurney, Broker
The Lincoln Group
1 West Orchard Street Suite 116
Marblehead, MA. 01945
(781) 639-8616 office/fax
(781) 258-5216 cell
Mike@MassRealEstate.net
January 31, 2012 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership! Follow-up on Short-Sales, Lender Owned properties and Karen has been buried with Staging work and will take most of the evening, which she really needs, to get us up to speed on “Get it Sold before it’s Old”.
Friday January 13, 2012 7-8:30pm for Movers and Shakers? See you soon, Mike
What’s your City/Town for Short Sales, Lender Owned properties? You can email us ASAP and get ready for the Tuesday lists and Friday Best Buys.
Tonight: Not what you make but what you KEEP. Odds of making Money in real Estate?
Posted by: | CommentsEmail that went out today:
Hello Fellow Real Estate Investors,
Tonight – Year end planning, Odds of making money in Real Estate? Short-sales, REOs and Foreclosures, Buy/Sell Networking, Refreshments and YOU.
1. I’ve received 5 offers for the “Complimentary” PT Barnum 42 page booklet on “How to Make money.” which I’ll gladly forward to you if you ‘d like. However the message is: It’s not what you make but what you keep. and Who better to help us with this than Steve the CFP, tonight!
But first I’ll be speaking about the “odds” of making it in Real Estate. I believe it’s one in ten if you follow Lessons 1-12 which I’ll cover tonight. This versus the common misconception that you can do it in a one hit lottery style. Incidentally Quick Pic for tonight has $206M prize with odds something like 1 in 175,711,536 (based on their payout from David Baker at the Commission) want a chance? See you tonight. By the way National Institute of Lightning Safety estimates the chances of Lightning striking you are 1 in 280,000,000. I’ll take Real Estate and You’ll see how tonight. Also let’s get up to speed on the huge profitable field of Short Sales, REOs (Bank Owned Real Estate) and Auctions. Mike
2. Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands. There’s more to mileage expenses than you think, Steve will cover this simple chart.
Also borrowing against your home to convert nondeductible personal interest into deductible home equity interest. Tax Opportunities for “Real Estate Professionals” let’s you avoid “passive income” limits on Real Estate losses. Tax on most long-term capital gains is capped at 15% but that capital gains can cost you valuable deductions, credits, allowances and subject you to the Alternative Minimum Tax, Steve will make sure we understand this and more… Witholding and Estimated Tax payments, Repairs vs Improvements, Depreciating Real Estate for Maximum Savings when you “Cost Segregating” strategies….
Tonight December 27, 2010 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership!
3. Staging is POSTPONED until January 31, Karen is buried with Staging work so we’ll have a short preview 12/27 then the whole evening 1/31/2012, which she really needs, to get us up to speed on “Get it Sold before it’s Old”.
4. GOALS – most of my Real Estate and Mortgage work concerns folks Qualifying and Buying Foreclosed property at a Discount. My goal for 2012 is to make sure our several hundred MassRealEstate.net members and guests Know: How the process works, How to qualify, Who sells these properties, How to receive notice of these opportunities. and most important How to Buy! I’ll start this series December 27th for you at our meeting.
How to “Hit-it” in Real Estate. Short Sales, REOs and Auctions. Tax Strategies, Staging PREVIEW, Short Sales, Refreshments, Networking and YOU December 27, 2011! Friday January 13, 2012 7-8:30pm for Movers and Shakers? Mike
MREIA www.MassRealEstate.net
Massachusetts Real Estate Investors Association
PO Box 307
Marblehead, MA 01945
781-639-8616
MREIA@comcast.net
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Mele Kalikimaka me ka Hau’oli Makahiki Hou!
Posted by: | CommentsMele Kalikimaka me ka Hau’oli Makahiki Hou!
Hey Fellow Real Estate Investors, See you Tuesday! Mike, Robbie, Lincoln, Allison and Victoria
Merry Christmas, See you December 27th and My Goals
Posted by: | CommentsEmail that just went out:
Good Morning Fellow Real Estate Investors,
Merry Christmas to all, next Tuesday 12/27 Year end planning, Short-sales, REOs and Foreclosures.
1. Tuesday December 27, 2010 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership!
Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands. There’s more to mileage expenses than you think, Steve will cover this simple chart.
Also borrowing against your home to convert nondeductible personal interest into deductible home equity interest. Tax Opportunities for “Real Estate Professionals” let’s you avoid “passive income” limits on Real Estate losses. Tax on most long-term capital gains is capped at 15% but that capital gains can cost you valuable deductions, credits, allowances and subject you to the Alternative Minimum Tax, Steve will make sure we understand this and more… Witholding and Estimated Tax payments, Repairs vs Improvements, Depreciating Real Estate for Maximum Savings when you “Cost Segregating” strategies….
Staging is POSTPONED until January 31, Karen is buried with Staging work so we’ll have a short preview 12/27 then the whole evening 1/31/2012, which she really needs, to get us up to speed on “Get it Sold before it’s Old”. Staging for a quick sale or rental. Karen THE staging Expert will cover: What’s the least expensive technique with the biggest impact on your home? Where do buyers and renters look first? and how to pleasantly surprise them. Staging mistakes that will cost you needless money and time? 7 most important Staging techniques that work wonders for a quick sale. We’ll have Presentation boards, a Slide show and Handouts.
GOALS – most of my Real Estate and Mortgage work concerns folks Qualifying and Buying Foreclosed property at a Discount. My goal for 2012 is to make sure our several hundred MassRealEstate.net members and guests Know: How the process works, How to qualify, Who sells these properties, How to receive notice of these opportunities. and most important How to Buy! I’ll start this series December 27th for you at our meeting.
2. Still available: 9 Autumn Street, Lynn, MA. 2 Family $219,900. GMAC PurchasePower financing seems like a great deal to me! Mike.Hurney@gmacm.com Should have the DeLead Certificates this week for Section 8.
3. Located in Lawrence , Ma…6 family all rented , 3-3bed…3-4 bed…income $ 6k/month…all new plumbing , electrical , new rubber roof , utilities paid by tenants , class 2 fire alarm system w/ sprinklers…$ 375,000 with some owner financing help … owned for 31years , 2nd owner… 603 898 3377 Mr. Patti
Tax Strategies, Staging PREVIEW, Short Sales, Refreshments, Networking and YOU December 27, 2011! Friday January 13, 2012 7-8:30pm for Movers and Shakers? Mike
Last Friday and house of the week.
Posted by: | CommentsGood Morning [First Name],
1. Last Friday (Movers and Shakers) we spent a lot of time with Ron, who’s getting back into the business. Mainly we focused on THE essential path to take while getting property Under Agreement otherwise you have NO claim to it, as you try to market and sell the deal. Next a fair amount of time on Rehabbing Costs vs Tear downs and finally How to get Attention. As in you’ve scoured the market, found a deal, run your numbers, submitted an offer and ….. Nothing, no response back. (that had the easiest solution.)
2. REO property of the week (make an offer!) See picture and information below:
3. Appliances: Repairs and Upgrades, any tips from you Landlords and Investors for this Blog?
4. Still available: 9 Autumn Street, Lynn, MA. 2 Family $219,900. GMAC PurchasePower financing seems like a great deal to me! Mike.Hurney@gmacm.com Should have the DeLead Certificates this week for Section 8.
5. Tuesday December 27, 2010 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership!
Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands. There’s more to mileage expenses than you think Steve will cover this simple chart.
Staging for a quick sale or rental. Karen THE staging Expert will cover: What’s the least expensive technique with the biggest impact on your home? Where do buyers and renters look first? and how to pleasantly surprise them. Staging mistakes that will cost you needless money and time? 7 most important Staging techniques that work wonders for a quick sale. We’ll have Presentation boards, a Slide show and Handouts.
Tax Strategies, Staging, Refreshments, Miami, Networking and YOU December 27, 2011! Friday January 13, 2012 7-8:30pm for Movers and Shakers? Mike
REO house of the week.
Posted by: | CommentsREO house of the week. You can call Roberta:
Roberta R. Hurney
The Lincoln Group
1 West Orchard Street Suite 116
(781) 639-8616 office/fax
(781) 248-6907 cell
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| Remarks |
| Price to Move for the Holidays. Come experience this luxurious Colonial/contemporary located in the Pristine area of Swampscott. This home has endless features. Master bedroom suite with marble bath, Open kitchen with gas fireplace, living rm, dining rm, The 2nd flr includes 3 bedrooms, 2 bathes. Unlimited storage and closet space. Financing incentives available through GMAC Mortgage for borrowers purchasing this property. Please speak with the Listing Realtor for details. |
| Property Information |
| Approx. Living Area: 3665 sq. ft. | Approx. Acres: 0.46 (20048 sq. ft.) | Garage Spaces: 2 Attached, Garage Door Opener |
| Living Area Includes: | Heat Zones: 6 Forced Air, Gas | Parking Spaces: 4 Off-Street, Improved Driveway |
| Living Area Source: Public Record | Cool Zones: 2 Central Air | Approx. Street Frontage: |
| Living Area Disclosures: | ||
| Room Levels, Dimensions and Features |
| Room | Level | Size | Features |
| Living Room: | 1 | 21×15 | Fireplace, Flooring – Hardwood |
| Dining Room: | 1 | 12×14 | Flooring – Hardwood |
| Family Room: | 1 | Fireplace, Flooring – Hardwood | |
| Kitchen: | 1 | Countertops – Stone/Granite/Solid | |
| Master Bedroom: | 1 | 17×13 | Bathroom – Full, Closet – Walk-in, Flooring – Hardwood |
| Bedroom 2: | 2 | 32×12 | Bathroom – Full |
| Bedroom 3: | 2 | 16×14 | – |
| Bedroom 4: | 2 | 18×16 | – |
| Bath 1: | 1 | Bathroom – Half | |
| Bath 2: | 1 | Bathroom – Full | |
| Bath 3: | 2 | Bathroom – Full | |
| Bathroom: | 2 | Bathroom – Full | |
| Sitting Room: | 1 | – |
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