Tuesday, July 25, 6:30 - 9pm Any idea how to file an insurance claim on a Loss? I've heard you should call a Public Adjuster before you call the Police or Fire Department then eventually call your Insurance company. That's not exactly the right order. Any idea whether you're coverage is "Co Insured" which can lead to a 50% reduction in your loss settlement. How's an "Agreed Value" work to change that. You'll be an expert on Losses, especially Contractors who really need that knowledge, after our Speaker on Public Adjusters.
How about Locks, Quick change, Master keying, what's really secure, what you need to provide your Tenants with The Top Locksmith in our area will cover those topics and more.
Getting Offers accepted, is a lot easier than you thought, we'll review the successful techniques our Investors are using. A successful Broker I know was arguing with her father (who's not in the Business) at the Beach. "No Dad, it's not Location, Location, Location, it's price Price, Price." To which I countered it's actually providing for a Seller's needs and we'll cover what they can be.
How do Contractors Estimate their Prices? Once you know you'll be able to see what to avoid to get the right price for your project with a Win-Win between you and your Contractor or Customer. We'll continue with the start we had with Julie's painting and Shawn's fencing.
Tuesday, July, 25, 2017 6:30 - 9pm - Main Meeting - Buy/Sell/Networking, Marco's Pizza, Insurance Losses, Locks & Security, Accepted offers, Estimating. No Sales, No Network (M L M) Marketing. No charge to Members, Only $25 for Guests and Only $99/year to join. We meet at DesignGroup47.com 47 Newbury Street (Route 1 North just before Sonic carhop) Peabody, MA 01960
See you soon, Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945
PS Don't forget to check your Home Depot account, One of the many great benefits of being a MassRealEstate dot net or NewHampshireREIA dot org member is that you get a 2% cash back bonus from Home Depot twice a year.
2% adds up quickly, especially if you are doing rehabs or major renovations.
And even a smaller amount still easily more than pays for your annual MassRealEstate dot net or NewHampshireREIA dot org membership.
It works at any Home Depot nationwide.
So it's a no-brainer.
To take advantage of this great benefit, you need to be sure you are registered CORRECTLY.
This means that you have all forms of payment (credit, debit cards and checks) registered in your profile and that the Rebate code shows correctly in your account.
Simply REPLY to this email and I'll help you.
It's important to do it ASAP so you get full credit for all your purchases going forward.
Remember, your MassRealEstate dot net or NewHampshireREIA dot org membership must be active with current membership dues, in order to be eligible for the rebate.
we get together and see what’s going on, share our latest successes and see if there are any partnering/services others can use.
1. Update on where the market is headed and more importantly
what I do to avoid getting stuck in a "Musical Chairs” situation
(that’s the game where each time the music stops there is one less chair - no place to sit, you’re out. The equivalent in Real Estate would be - I’ve got to buy a house because I need a place to live, 1031 exchange limits are coming up fast or I’ve got to have a rental right away. But the market is so hot that properties coming on the market are bid up, way over asking price (way over actual value too) so it doesn’t make sense even if there was the “musical chair” to sit on.Case in point - one of our speakers last month had “luckily” gotten an
offer accepted on a 2 family in Lowell that was listed for $428,000. (Tax assessed $295,000) accepted offer for $499,000:-(
I know rents are high because of availability but how could this 2 family ever “Cash Flow” (positive)? So, only a Retail buyer could do this who would live there and count on long term appreciation, also it might not go through unless the Financing company has it Appraised high enough to do the purchase loan.Good article that gives a little insight to the current Hot market: Boston Globe July 2, 2017 “
MASS. HOME PRICES REACH RECORD HIGHS” KATHLEEN CONTI
basically “… selling might be easy but buying a new place to live in a market with overcrowded open houses and bidding wars is discouraging.”This evening we'll have the local market update and
if you’d like a quick analysis of your “farm”
(area where you’re working your Real Estate) send me a quick email. At least before 6:00pm today for our meeting tonight at 7pm;-)
2. Round Robin where everyone has a minute to let us know
what you have and need.
3. Estimating Rehab/Construction Time/Costs.
How have you been estimating and which Software/Apps are you using?
4. I’m starting a lot of kitchen work with Peter THE kitchen Design/Build guy who hosts our meetings. I’ll have an update how you can Fast-Track your projects in the area that has the most potential payback, the kitchen! Also a
“small bite” technique
where you can work in phases towards completion which are independent. In other words, gutting an entire house leaves you at the mercy of the smallest segment of the work.e.g.
One of our Contractors had a shipment of custom windows come in that were frosted (for a kitchen
with a landscaped yard to look upon). Mistake in ordering between the supplier and manufacturer which they’ll eat. However it takes 6 weeks even when fast tracked! So the walls can’t be roughed, plumbing stops, electrical stops, wall cabinets wait, base cabinets and appliances are delayed or stored (hopefully not dented or scratched) the owner is ticked off and the subs can’t sit around so they're not available at a moments notice. Maybe “small bite” technique could’ve helped. Incidentally I offered him 25 cents on the dollar for those windows being returned...
More tonight Friday, July 7, 2017 7-8:30pm, I look forward to see you at Kelly’s Roast Beef for Networking, Updates, soft drinks, wraps and YOU!165 Endicott Street, Danvers, MA 02123 7-8:30pmNo charge to Members, Only $5. for Guests (tip for our waitstaff) or Only $99./year to join.