You'll get to YOUR next level networking/masterminding at our next meeting!

We're connecting and serving Contractors, Real Estate Investors and Landlords.
Monthly Meetings, Networking and Quality Real Estate Investor Education!

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Next Meeting next Tuesday, 11/29/22 6:30-9pm!

Happy Thanksgiving, See you Tuesday 11/29/2022

Previous email that went out:

Miss something when you inspect? Flip Guidelines. Advanced Rehabbing

Good morning,

I look forward to see you Tuesday, November 29, 2022 6:30-9pm

1. Our Expert will go through EVERYTHING that you need to uncover, in a quick, personal, property Inspection. When you see a lot of houses like our advanced Investors see, it's easy to miss something that could ruin your deal$.

Also when you have an Expert put a report together for you, it's a powerful negotiating tool!

2. Case study of the Guidelines for a local "Flip". Knowing when to walk is crucial to your success! It's good, actually essential, to know your numbers before you knock on that door, send a letter or make that call.

3. How do you know what to work on with a Buy-FixUp-Sell? and the entirely different Buy-FixUp-Rent? I'm usually looking for 3X back but I see a lot of beginners improve things that don't make sen$e:-(

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Welcome all you New and Renewing members. Sorry I've missed reaching out to you, I've been busy, like everyone else, of course. I'm combining my Buying machine techniques with Tony's and Stephen's, gotta tack with the wind (market). I'll send a personal email out this week and again I look forward to see you 11/29!

 

 

 

 

Good morning,

Contractors - W2 vs 1099, we've got a checklist for you, you may be getting in trouble without it.

Investors - We've got an East Boston Multi family coming up, which we'll Underwrite for you.

Everyone - 9% Guaranteed Interest, you folks that have taken advantage of it, You are welcome! Deadline 10/28.

Investors - Cut your Mortgage Interest in half, with one hand tied behind your back.

Everyone - I look forward to see you, Tomorrow evening Tuesday 10/25/22 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945
DesignGroup47.com 47 Newbury Street (Route 1 North, just before Sonic Carhop)
No Charge for Members, Only $25 to attend & Only $99/year to join (Includes ALL 4 Home Depot Discounts and Benefits!) 
 
PS You may want to check that your Membership is CURRENT so you Do Not Lose any of your FOUR Home Depot Benefits!

You're welcome to Join or Renew your membership in MassRealEstate.net and/or NewHampshireREIA.org (Only $99/year) & Receive ALL 4 Home Depot Discounts & Bonuses

2% CashBack on ALL Purchases, 20% off ALL Liquid Paint, Special Appliance Catalog & Access to the Bid Room (usually 7-50% off) purchases of $1700. or more! ANY problems email me [email protected] or "Drift" me below.

***These Guys are where YOU want to be (Learn how 9/27 6:30pm)***

14 page Handout for tonight:

Massachusetts Real Estate Investors Association & New Hampshire Real Estate Investors Organization

MassRealEstate.net & NewHampshireREIA.org

Mike Hurney  [email protected]

PO Box 307 Marblehead, MA 01945 & PO Box 1560, Nashua, NH 03061

781-631-8018

Tuesday, September 27, 2022 6:30-9:00pm

WorldDepot.com #47 Newbury Street (Route 1 North just before Sonic Carhop) Peabody, MA 01960

1. New Member Orientation and Benefits. 6:00pm

2. Good evening, Marco’s Authentic Italian Restaurante’! 6:30pm

3. Taking better care of your Tenants:

*How to Apply for RAFT

*Need Help Paying Your Rent?

*NSCAP - Do you Need Help Paying your Heating Bills and Keeping your Home Warm this Winter?

4. Where Do People Pay the Most in Property Taxes in 20225. 

5. Building Materials Prices Up 14.3% Year-Over-Year

6. Two-Thirds of Millennials & Gen Z Who Moved Back Home Are Still There

7. Rising Inflation Causing Hardship for Majority of Households

8. New Single-Family Home Sales Down 12.6% in July

9. Most Americans Using Cash Less Often

10. Understanding Metaverse Real Estate

11.Record High Rents Coincide with Skyrocketing Mass Immigration

12. NOTES:

*Mark C

Built a Successful Auto Parts Supply business then Transitioned it into a highly successful Rental Real Estate business.

*Jay T

One killer deal at a time but it’s nice to have residual income - Rentals! (How hard are they? Not very, if you do it right!)

*Mike D

Remember we had the event at his killer deal on Route 114 where he went from a dirt lot to over 20 quickly SOLD High-End Homes? You should see what he’s doing now!

*Mike H

Handouts!

13. Lawn Fertilization Tips for Fall

14. My Insurance comparison:-0

15. MEMBER BENEFITS!

Recap & Adjourn;-) 9:00pm

RULE #1 Please DO NOT speak about a specific Property that you are considering, UNLESS you have it Under Contract!!!

(I’m glad to show you how to get it Under Contract. Email or call [email protected] dot net)

Good morning

We’ve got the whole package Tomorrow evening!

Out of the many active Contractors, Investors and Landlords the MOST successful have volunteered their time tomorrow evening for our Annual Success Sharing meeting.

Mark C

Built a Successful Auto Parts Supply business then Transitioned it into a highly successful Rental Real Estate business.

Jay T

One killer deal at a time but it’s nice to have residual income - Rentals! (How hard are they? Not very, if you do it right!)

Mike D

Remember we had the event at his killer deal on Route 114 where he went from a dirt lot to over 20 quickly SOLD High-End Homes? You should see what he’s doing now!

Mike H

(There’s a lot to cover so I’ll have Handouts!)

*Update on our Tenants finding “Help” for their Rental payments.

& New Programs that also “Help” Tenants with their Upcoming HIGH heating bills!

*Success questions you never ask but Should, to be Successful.

*Contractors - The Easy way to avoid costly lawsuits.

Contractors - You may want to get into this Lucrative Real Estate Investing business, Starting it as a “Side Hustle”.

*Investors - Let’s “Streamline" your business to have more personal time!

Update on my Insurance “Shopping” and what YOU can expect with your policies. They’re not just Liability & Deductible any more:-(

Graphic - Imagine you could avoid those pitfalls like Lawsuits, Professional Tenants & especially Dead End time wasters

You could learn, How You could, be one of the most Successful speakers at our annual Success meeting???))

**You can “RSVP" (just type that in the Subject box of this email) add one sentence of what you’re looking for, as a Contractor, Investor or landlord) and receive an extra Door Prize ticket for our drawing at 9pm ($50 gift card to Marcos or Home Depot) (Andrea did last month and won the Home Depot $349 Gas Grill)

Once again,

RULE #1 Please DO NOT speak about a specific Property you are considering, UNLESS you have it Under Contract!!! (PS I’m glad to show you how to get it Under Contract! Email or call [email protected] dot net)

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

DesignGroup47.com 47 Newbury Street (Route 1 North, just before Sonic Carhop)

No Charge for Members, Only $25 to attend & Only $99/year to join (Includes ALL 4 Home Depot Discounts and Benefits!)

PS You may want to check that your Membership is CURRENT so you Do Not Lose your Home Depot Benefits!

Commercial Quota ended for September on 9/19/22
Let's catch up 9/27! Mike

 

Have You received Your 2% CashBack yet, for (Q1 & 2 2022) Spends?

 

Jenn & Artie prepare our new high end Grill for the August 30, 2022 Door Prize


Easily handle Permits & Variances, BBQ Grill & Insurance Claim$ 8/30
Contractors, interested? You need to respond Now. (we need your headcount for an August 30 presentation?) Just hit reply.

We've got enough folks attending! (If you haven't responded yet, you also can hit reply to this email.)

? Stephen owns a Construction Development company and we've asked him to show US how he Easily handles Permitting and Variances. He happens to be an Expert in both of those hard to address areas! Navigating these tough areas, he ends up with a project "Blessed" by neighbors and local government inspectors!

? We also have a BBQ grill for the Door Prize, thanks to Home Depot!! Also Marco's Authentic Restaurante' Italian Pizza!

and

? 3 Most important "Things to Do" for a successful BRRRR business, that everyone seems to be missing.

and

? Who to call first, when:

"My Property Has Sustained Water Damage; Now What?"Len is an independent insurance Loss Adjuster, probably THE Best, and with a higher than normal "named Storm" (Hurricanes & Nor'easters) prediction for us, this will be critical information!

I look forward to see you Tuesday, August 30, 2022 6:30-9pm at WorldDepot.net #47 Newbury Street, (Route 1 just before Sonic carhop) Peabody, MA 01960

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org

No charge to Members, Only $25/Guests or Only $99/year to join (maintaining Membership Includes Huge Benefits and Discounts)

 

Housing Court handouts click here

Landlords, don't get to this stage & Contractors protect yourself-tomorrow 6:30pm

*** (below) By the way, Who we are and How we began??

1. https://abc7ny.com/ellen-wink-kurt-lametta-norwalk-landlord-kills-tenant/11495502/Fellow Landlords, you don't need to get to this point (Link above tells of Landlady Ellen allegedly shooting and killing her Tenant :-0

Tomorrow evening Tuesday 7/26/22 6:30pm The Chief Judge of our Massachusetts Housing Courts will tell Landlords and Future Landlords:

* What 5 Document you need for a legal Tenancy?

* When you need to take Legal action?

* Which steps to take so that your case does not get thrown out?

* What is the current timeline for adjudication?

2. Try to imagine going from a thriving Construction Contracting business to 7 years of expensive Legal battles to save your Home, Business, Licenses & Personal life.

One of our fellow Contractors just settled a suit he’s been plagued with for several years. This UNJUST Lawsuit started out amicably with the Client as a large renovation. After several months it went bad then ended up with suits and harassment of the Contractor.

This contractor stopped by my house last week to tell me his good news: He’s won or had dismissed ALL motions against him and is even being compensated for his extensive legal fees.

OK so What profit is in all that? Like Zero!!

Anyways he has agreed to tell us tomorrow Tuesday July 26, 2022 6:30-9pm

* What happened?

* What signs to look for that it is not going well or will end up bad??

* What to do then?

* What protection do you need?

In general How to conduct your Business Profitably and Safely!

We’ve got about 300 Active Members, mostly Contractors. I’ve scheduled this with short notice because it’s so important to the majority of our Members!
No recordings at this meeting and trust me, this is a DO Not Miss meeting for ALL contractors!

Of course networking and Marco’s famous Pizza in an air-conditioned friendly atmosphere. I look forward to see you there! No charge to Members, Only $25/guests & Only $99/year to join!

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS "The cheapest way to learn is from someone else's mistakes." Jane Gasek

*** By the way, Who we are and How we began?? I'm Mike Hurney, Contractor, Engineer, Landlord and Director MassRealEstate.net & NewHampshireREIA.org. In 1980 I had saved some money after working overseas in a 125F, high humidity country. I figured that if invested, I might be able to retire early and comfortably from this sacrifice. BUT the investments weren't that attractive because of their Downside. A friend had bought Gold at $1650 and it plummeted to $800 something the next week. Stocks can go to Zero and leave you with printed paper. Rental Real Estate could get you into court and you could lose everything "Massachusetts is a Tenant's State!" I was told often.

Back to me and my problem solving as an Engineer. Gold was influenced by it's scarcity and was considered a "Disaster Hedge". War and conflict raised it's value = Hard to Predict! Stocks once were influenced by a companies performance in their market but now seemed to change with Insider moves. If you were in the majority of stock holders "outsiders" you had no chance of predicting performance.

Around 1985 I attended an Investors meeting that eventually disbanded and I began the MassRealEstate.net I can't over emphasize the value of Networking. Every month since then I've learned something very useful to my business/life and I've also given back. Join us and you'll learn the value of that networking. In fact see me when you arrive and I'm glad to guide you to resources or members to help you!

BUT rental Real Estate seemed to have some rules and guidelines and whoever knew them  (Tenants or Landlords) seemed to have the advantage. Like in a Baseball, Football, Soccer, Basketball games, etc Once you start "Playing" you cannot change the rules or referees/Judges.

So how to find these Rules and Guidelines? I began with the 3Day Basic Practice course that MCLE (Mass Continuing Legal Eduction) offered. They'd have the top Practitioners in every field of Law. They'd speak in person. e.g. Volume III Ch 11 Residential Landlord/Tenant Law. Ch 12 Drafting and Negotiating Contracts. Ch 13 Successfully Defending an OUI Case. Ch 14 Demystifying Divorce. Ch 15 Preparing and Trying a Civil Case. Ch 16 Introduction to the Practice of Employment Law. and 10 other Chapters/fields (that was from the 2000 version of Basic Practice).

However something was missing, What happens in reality? Another friend told me of the Dreaded Housing Court. I found the schedule and attended several sessions in Lawrence, Lowell and Salem.

However after those sessions the Clerk of Courts came to see me:

The Judge is wondering what's your case?

I'm just here to observe because I'm thinking of buying Rental property and folks tell me this Housing Court is a Nightmare but it doesn't seem so bad.

The Clerk spoke to the Judge and returned. He wants to see you int he Chamber after this session!

Gulp...

Judge David Kerman (who also set up a website/page to list ALL the Housing Court activity = Priceless to any Landlord) asked me in the chamber to sit and he only had 20 minutes!

90 minutes later we parted amicably and he agreed to speak at our Investor meeting.

Since then, in addition to the Timely topics we offer Contractors, Landlords and Investors we have representation from the Housing Courts each year. This seems to give members more understanding of the Housing Court System in an Non-Adversarial Format - Essential to anyone needing the Rules/Guidelines of Rental Real Estate.

 

 

 

Hey Guys who attended the last meeting June 28, 2022

Good to see you!

2 links I mentioned:

1. iBonds at our US Treasury, Guaranteed by our Taxes and their Printing press. 9.62 beats the 0.5-1.0 CD rates banks are "giving" us). Some restrictions $10k Max per SS, changes to Prime+ after 6 months, 1-30 yrs, etc.

*Links for Members & Attendees email [email protected]

2. Housing Court Look ups, (It's in YOUR best interest to run ANYONE you're renting to, through this Complimentary site)

*Links for Members & Attendees email [email protected]

Important:

At the meeting, you heard me call the Head Judge of our Housing Courts and leave a message. He returned my call the next day and is eager to speak (& listen to us) about our concerns with the Housing Court: July 26, 2022 6:30pm at WorldDepot.com 47 Newbury Street (Route 1 North) Peabody, MA 01960

If there is One meeting that every Landlord with property in Massachusetts must attend, this is it 7/26/22.

Meet the Head of our Massachusetts Housing Courts at a "Non-Adversarial" event.

Learn the Procedures for Successful Housing Court Appearances, the current Disposition of Housing Court Adjudication and Alternatives (Also "self-help" measures that are not only illegal but that could land you in jail and result in forfeiture of your property).

Remember many folks think Mass is a "Tenant Friendly" state BUT that's only if us Landlords don't know the Rules and Procedures!

Attendees will also receive all 5 Documents that are necessary for a Legal tenancy!

See you there, Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

 

Tuesday, June 28, 2022 6:30-9:00pm

WorldDepot.com #47 Newbury Street (Route 1 North just before Sonic Carhop) Peabody, MA 01960

  1. New Member Orientation and Benefits. 6:00pm
  2. Good evening, Marco’s Authentic Italian Restaurante’! 6:30pm
  3. Demand for Construction Appears to be Outpacing Availability of Workers & Materials.
  4. Our bids for Closed Cell: emails, show online!
  5. Five Requirements for Identification of Replacement Property in a 1031 Exchange.
  6. Yardi Says Multifamily Rents Continue to Defy Gravity.
  7. Our Rents: show online!
  8. Life Happens, How You Deal With It Is What Counts.
  9. Redfin Says Homebuyer Migration is at an All-Time High.
  10. For 9 years in a Row Americans Choose Real Estate as Best Investment.
  11. Mortgage Applications Falls to Lowest Level in 22 Years.
  12. Ratios???
  13. Home Prices up 2.6% in April - Top Markets at Risk of Home Price Decline!
  14. Top 10 Zip Codes with Highest Zombie Foreclosures.
  15. America’s Aging Housing Stock.
  16. Inflation Hits New 40-Year High in May.
  17. Insurance costs???
  18. Legislative Update.
  19. The Ultimate Steak Doneness Guide.
  20. MEMBER BENEFITS!
  21. Recap & Adjourn;-) 9:00pm

Freedom isn't Free. Click link below for an appropriate short video for this Memorial Day Weekend May 30, 2022

Freedom isn't Free.

Combating "Transitory" inflation & 5/20 Update

Good morning,

Besides Maxing out Insulation to contain Energy costs and Pressing our material Suppliers, when they say they'll beat a competitors prices, What else are YOU doing?

How you can Max out Insulation, from A-Z! 5/31 meeting.

Pressing Suppliers to beat their competition.

Example, last month:

1/2" Advantex T&G $105 plus tax, Home Depot Salem, MA

$85 Jackson Lumber, Manchester.

Home Depot Manchester beat it at $80 so we purchased $2k worth (of this and competitive CDX sheathing)!

What else are you guys doing to Combat inflation?

Let's network to find out, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com

Weekly update (for more on these articles, you can go to Click here to read more.):

Inflation Up 8.3% Year-Over-Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.3% in April, 2022.

Yardi Says Multifamily Performance Continues to be Stellar

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in April increased $15 to an all-time high of $1,659 (up 14.3% year-over-year).

Housing’s Share of GDP Starts Off Strong in 2022

New data is showing that housing’s share of the U.S. GDP edged higher in Q1, 2022, while overall GDP growth declined at a 1.4% annual rate. The NAHB’s Eye on Housing is reporting that housing’s share of GDP increased to 16.7%, coming off of a 14-year high of 17.8% during Q2, 2020.

FHA Gives Nonprofits & Owner-Occupant Buyers Priority Over Investors

HousingWire is reporting that the FHA is giving nonprofit organizations and owner-occupant buyers first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

Where Homebuyers Want to Live

We’ve had a lot of posts about where people are moving to and from, as well as the reasons why. A recent report at Realtor dot com took a look at search traffic to figure out where people wanted to move to and where they most wanted to leave.

Protecting Yourself from Fraud is This Easy

On a recent episode of the Rent Perfect podcast David Pickron says statistically, fraud is on the rise and landlords, whose information is all over the web and on legal documents, are not immune from its effects. He points out that it’s important to know ways to protect yourself and your information.

Apartment List’s Renter Migration Report for Q1 2022

The other day we saw a report about where homebuyers want to live. Now, we’re looking at where renters are moving to & from. According to Apartment List’s latest Migration Report, migration of renters was impacted by one of the most significant societal shifts brought about by the COVID-19 pandemic – the widespread adoption of remote work that allowed some workers to pursue longer-distance moves.

Always Be on The Lookout for Property

Full-time real estate investors are always looking at any and all possibilities no matter where they go. Keep in mind that you will never go anywhere in the world that real estate is not the biggest product for investment you will find. Done properly, every trip you take is a potential deal just waiting to happen.

U.S. Consumer Debt Approaches $16 Trillion

Infographic: A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $16 trillion. In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007.

I look forward to see you soon!

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Heading deeper into this Recession, what to do? (email that just went out)

Good morning,

As you know Energy prices have increased dramatically with No One making any effort to lower or even stop them.

Problem:

93 octane gasoline was about $2./gallon January 2021, now $4.51 after 5 increases, just in the past week and predicted to be over $6./gallon by mid Summer!

Diesel fuel which powers the trucks that faithfully bring us EVERYTHING  we need, unless you live on a self sustaining Farm and are surround by Manufacturers that can make everything for you from building materials to appliances to clothes. Diesel has gone from $2./gallon to $6.51!!

The increases seem to be X, Y or Z's fault i.e. Putin's fault, Trump's fault, the greedy Energy companies faults, etc

Personally, I see this as a manufactured crises with an insidious goal.

So what to do?

Contact your elected representatives?

Even if they respond, you can expect something like:

"Buy an electric car that doesn't use expensive gasoline!"

or

"It's not my fault, it's X, Y or Z's fault and I'm doing everything I can to stop it!"

Most of the folks this email reaches, are Self Starters: Contractors, Landlords and Investors that usually don't wait for something to happen, you go get it!

Kind of summed up with this advice:

"Don't wait for your Ship to come in, Swim out to it!"

Facts

#2 Heating Oil is at a record $6.51/gallon, same as Diesel fuel with all it's State & Federal road use taxes. Diesel fuel actually is #2 Heating oil! (If you start to run out of Heating oil and call your supplier who can't deliver right away, they'll tell you "Get a gas can and fill it with Diesel, you should be fine, until we get there!) 

#2 produces about 130,000 Btus with a lower heat conversion of about 79% efficient, net 102,700 Btus to heat your home.

Natural gas is still a bargain $2.09/therm* (100,000 Btus) with a higher efficiency in the 90s (net 90,000 Btus to heat your home). Incidentally how long do you think natural gas will be this much lower? Before the suppliers also jack their costs to you up??

Those adjusted factors can help estimate your 2022/23 annual Heating costs:

Natural gas = $1200 -1500/year

#2 Heating oil =  $3600 - $4500/year

Again, so what to do?

Well, Tuesday, May 31, we've got an expert that'll show us how and where to seriously impact these HIGH energy costs in our homes and buildings. Right now, for instance, I'm looking at the highest R-value (R = Resistance, Btu/SF/degree F) insulations R38 versus traditional fiberglas R19.

I look forward to see you at this important meeting DesignGroup47.com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 Tuesday, May 31, 2022 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

*$2.09/therm is based on March 2022 Natural Grid R-3 Res Heating rate. ($327.40/156 therms = $2.098)

Tonight Rents up, Update Asset Pro, Fence & Most Joy$

(voice message that went out yesterday 4/25, 1:11pm)

Good Morning,

There are a few unique challenges for us out there, let's get together and see how we're meeting them.

*Update on Asset Protection?

**Rent Increases?

***What do you do when a Neighbor’s new fence location is in question?

10 Remodeling Projects that bring homeowners the MOST Joy - and Cash.

Tomorrow evening, Tuesday, April 26, 2022 6:30-9pm we’ll cover those problems and more!

I haven’t paid much attention to the Stock Market increases of the past two years which seem automatic and very HIGH! But I am watching those gains erode 2022 YTD

Lincoln’s got some STATs on the Stock Market for us that I’m sure you’ll find interesting! in addition to his Real Estate Market Report!

OK Market up for 2020 & 2021 maybe down in 2022YTD?

So what?

I’m a Real Estate guy and Real Estate is what I watch closely.

But I believe there’s a parallel between the Stock Market and Real Estate, that suggests the insidious nature of market downturns.

Will Real Estate values & Rents flatten out or even slowly drop? Despite what “experts” are saying?

Maybe, Maybe not.

*So tomorrow evening let’s take a look at what we can do as far as Asset Protection with Attorney Jonathan and Equity stripping with Mike M & his mortgage company!

**Next we’ll look at Rents, do you think you’re Low or High. Well think no more, I use 3 methods to determine if I’ve got the right Rent amount for our Tenants and I’m glad to share that with our Members!

1. First is Year over Year difference in Overhead (RE Tax, Insurance & Utilities).

2. And Comparing similar Units and what they’re charging now. There’s some software systems that given a radius to your Units and the Amenities you have will tell you where your rents are in comparison!!!

***Then We’ll be spending a little time on a Case Study we’ve put together on Boundries and Fences. There’s a very easy way to handle this, without alienating all the Parties!

Networking is SO important! I see a lot of you guys out there between our meetings and although we're busy let's make time for a slice of Marco's famous Pizza and share our success! I look forward to seeing you soon, Mike

Mike Hurney, Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Next meeting IN PERSON: Update on Asset Protection? Rent Increases? Fences & Boundries?

& Networking

No Charge to Members, Only $25 for Guests or only $99/year to join.

DesignGroup47.com #47 Newbury Street ( Route 1 North, just before Sonic Carhop) Peabody, MA 01960

Tomorrow Tuesday, April 26 6:30-9pm

PS last month Peter V. won the $50 gift card for Marco's new Restaurante' in Middleton, after correctly guessing the items our Home Inspector challenged us with. This month???

PS Please check that your Membership in MassRealEstate dot net is current, I'm having to renew a couple of folks just to get their Home Depot rewards (significant $) and with expired members I can't get them a check:-(

 

Next meeting Tuesday, April 26, 2022 6:30-9pm!

Asset Protection, Networking & Security 4/26

Good morning,

We're looking forward to see you at our next IN-PERSON meeting Tuesday, April 26, 2022 6:30-9pm where we'll be updating changes in the law for Estate Planning and how they could impact you and your Estate! There may even be changes in your circumstances that need review?

He's back! We're fortunate to have Attorney Jonathan who spoke to us in 2019 and revised Wills, Health Care Proxys and POWs for Robbie and I.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS from Connell, Bedford, NH: Hey Guys, May the blessings of joy, happiness and peace of Easter fill your heart today and every day, Happy Easter!

Weekly Update April 8, 2022

Construction Spending Up 0.5% in February - The U.S. government is reporting that total construction spending in February, 2022 was at a seasonally adjusted annual rate of $1,704.4 billion, which is 0.5% higher than January’s revised estimate and 11.2% higher than one year ago. Click here to read more.

S&P CoreLogic Case-Shiller Index Saw 19.2% Annual Home Price Gain in January ’22 - The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.2% annual gain for January, 2022, another near record high. Click here to read more.

Zumper’s National Rent Report for March ’22 - Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in March, 2022 was $1,400, up 12.2% year-over-year and the median two-bedroom rent was $1,723 up 13.8%, year-over-year. Click here to read more.

Affirmative Defense has Morphed into Pay to Stay - National REIA’s Charles Tassell was a recent guest on the Scott Sloan Show (WLW 700 AM, Cincinnati, Ohio) to discuss the languishing covid impact on housing. In 2021 emergency rental assistance funds began to slowly trickle out of non-profit agencies. Click here to read more.

First-Time Buyers Want Double Sinks & Pantries in the Kitchen - The NAHB’s Eye on Housing says first-time home buyers want double sinks and pantries in the kitchen as the most popular of 30 kitchen features listed in the recent What Home Buyers Really Want study. Click here to read more.

Ohio Civil Rights Commission Handed Defeat in Tenant vs. Landlord Case - Landlords take notice; A prominent Ohio law firm recently obtained a unanimous jury verdict (8-0) to defeat a case of claimed retaliation in response to a tenant’s claimed request for a disability accommodation that was met with a non-renewal of a residential lease. Click here to read more.

Businesses are Relocating to the South - We have seen the posts about Americans moving at a rapid pace to areas in the South & West that have better all-around climates. A new report from FOX Business says the “Sun Belt” is becoming a hot spot for business relocation. Click here to red more.

FHFA Says Home Prices Up 1.6%, Up 18.2% Year-Over-Year - According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.6% in January, 2022 and were up 18.2% from one year ago. Click here to read more.

Crude Oil Pipelines and Refineries in the U.S. & Canada - Infographic: Today’s infographic from the Visual Capitalist reminds us that pipelines are the primary method of transporting & delivering crude oil and its derivative products swiftly to refineries and businesses. Interestingly, the U.S. & Canada alone are home to more than 90k miles of crude oil and petroleum product pipelines (enough to go around the Earth 3x). Click here to read more.

Hot market seems to continue  - 4/8/22 Peabody

Active - Single Family Listings: 11 Avg. Liv. Area SqFt: 2135.27 Avg. List $: $671,591 Avg. List $/SqFt: $329 Avg. DOM: 15.45

Sold - Single Family Listings: 51 Avg. Liv. Area SqFt: 1776.24 Avg. List $: $571,728 Avg. List $/SqFt: $344 Avg. DOM: 23.98 Avg. DTO: 15.33 Avg. Sale $: $601,415 Avg. Sale $/SqFt: $363

Recommended by Troy - A great book is called "Give and Take: A Revolutionary Approach to Success" by Adam Grant. It focuses on how success is increasingly dependent on how we interact with others?

***********

April 4, 2022 Weekly Update

Pending Home Sales Dip 4.1% in February

The National Association of Realtors is reporting that pending home sales were down 4.1% in February, 2022. Click here to read more.

How Home Depot Cracked the Home Professional Market

A recent video story in the Wall Street Journal’s The Economics of…” highlighted how Home Depot has become the dominant player in home improvement by catering to its professional customers.

Treasury Says Most Rental Aid will be Exhausted by Mid-Year

Reuters is reporting that the U.S. Treasury Department said on the $46.6 billion rental assistance program has disbursed/obligated over $30 billion to renters & landlords through the end of February, 2022. Click here to read more.

New Home Sales Down 2% in February

The U.S. Government is reporting that sales of new single-family houses in February, 2022 were at a seasonally adjusted annual rate of 772k, which is 2% lower than January and is 6.2% lower than one year ago. Click here to read more.

Building Material Prices Up 31.3% Since January 2020

The NAHB’s Eye on Housing says the prices of goods used in residential construction (excluding energy) rose 1.6% in February, according to data from the Bureau of Labor Statistics. Click here to read more.

Single-Family Rent Price Growth Hits Record High

According to CoreLogic’s latest Single-Family Rent Index (SFRI), U.S. single-family rent prices started 2022 strong, increasing 12.6% year over year in January compared to 3.9% in January 2021. Click here to read more

Who Should You Listen To, and Should You Believe Them?

The Chicago Creative Investors Association’s Jane Garvey says real estate investing is a complex business with many moving parts. The intricacies of the various businesses under this umbrella description vary from state to state, town to town, subdivision to subdivision, and even building to building. The requirements change by the day as people in regulatory positions feel the need to add restrictions via laws and mandates. Click here to read more.

Personal Income by State

According to recent data from the U.S. Department of Commerce’s Bureau of Economic Analysis, overall state personal income increased 7.4% in 2021 after a 6.6% increase in 2020. Click here to read more.

Which Counties are Growing in America?

Infographic: We post a lot about where people are moving to and from. Today’s infographic from the U.S. Census Bureau takes a look at the percentage change in population for all U.S. counties from 2020-21. Click here to read more.

(4:16pm Friday) Good afternoon,

It's about time for our Networking, I see a lot of you guys out there between our meetings and although we're busy we can always make time for a slice of Marco's famous Pizza and share our success! I look forward to see you soon, Mike

Mike Hurney, Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Next meeting IN PERSON: Home Inspectors, Lead Inspector, Locks & Security, Rental Assistance Form & Networking Tuesday, March 29 6:30-9pm  No Charge to Members, Only $25 for Guests or only $99/year to join.

DesignGroup47.com #47 Newbury Street ( Route 1 North, just before Sonic Carhop) Peabody, MA 01960

Weekly Update 3/25/2022

1. Existing Home Sales Down 7.2% in February - The National Association of Realtors is reporting that existing home sales were down 7.2% in February to a seasonally-adjusted annual rate of 6.02 million (down 2.4% from one year ago). Click here to read more.

2. Housing Starts Up 22.3% Year-Over-Year - The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, which is 6.8% higher than January’s revised number and 22.3% higher than one year ago. Click here to read more.

3. Metros with the Cheapest Homes for Sale - There are still areas across the country where a good deal on a home can be found. It doesn’t mean the house is any less desirable than in a more expensive market, it simply means that there are places with moderate costs of living where prices are more reasonable. Click here to read more.

4. Yardi Says Multifamily Rent Gains Solid as Occupancy Rises - According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in February increased $10 to $1,628 (up 15.4% year-over-year). Click here to read more.

5. Local Market Monitor’s National Economic Outlook for March ’22 - Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.

6. Mortgage Applications Take a Plunge with Surging Interest Rates - CNBC’s Diana Olick says rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand. Click here to read more.

7. This One Thing Makes Being a Landlord Easier - On a recent episode of the Rent Perfect podcast David Pickron says the on-boarding process can be tedious, making you prone to committing mistakes. Click here to read more.

8. Ten Features that Sell Homes for More than Expected - According to Zillow’s 2022 Home Features That Sell report, listings that feature amenities associated with energy efficiency and sustainability can help a home sell faster. Click here to read more.

9. 10 Real Estate Calculations Every Investor Should Know - Infographic: Fortune builders says there are several must-know numbers and calculations if you ever hope to analyze investment properties effectively. So, what are the 10 calculations every real estate investor ought to know? Click here to read more.

 

Weekly Update 3/18/22

Are we in a long-term housing shortage situation? Realtor.com’s Chief Economist, Danielle Hale, thinks that’s the case as part of her recent interview about what’s likely to happen in the housing & mortgage markets in 2022. Click here to read more.

Inflation Continues its 40-Year HighThe U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index was up 7.9% for the 12 months ending in February, continuing a 40-year high streak. Click here to read more.

Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase.Black Knight’s Mortgage Monitor Report for January, 2022 says that despite a more than 7x increase, January’s foreclosure starts remained more than 20% below pre-pandemic levels. Click here to read more.

How Much Do You Need to Be Rich in 50 Major U.S. Cities?How much income do you need to considered “rich” in the 50 biggest U.S. cities? That’s the question the folks over at GOBankingRates put pen to paper to find out. Click here to read more.

Top 20 Cities for Generation Z Renters.Rentcafe says Generation Z was only the generation to record an increase in renting activity in the past year, up by 21% and representing over a quarter of lease applications nationwide. Click here to read more.

How the Pandemic Has Rocked the U.S. Housing Market.It has been just over two years since the Coronavirus pandemic was officially declared. A recent report from Redfin takes a look at how drastically the housing market changed since that moment in time. Click here to read more.

Top 20 Metros Where Job Growth is Outpacing New Housing Supply. A new report from Roofstock reveals the top 20 metros where job growth is outpacing the supply of new housing.  They say in a normal market, there’s typically a six-month supply of houses. Click here to read more.

Spring is Here – Time to Take Care of that Lawn!. Infographic: This Sunday, March 20th, is the first day of Spring! That means now is a great time to start thinking about your property’s landscaping. Whether it’s a rental or that new flip, a good-looking lawn will certainly add value and improve its curb appeal! Click here to read more.

Next meeting IN PERSON: Home Inspectors, Locks & Security, Rental Assistance Form & Networking Tuesday, March 29 6:30-9pm

@ DesignGroup47.com #47 Newbury Street (Route 1 North) Peabody MA 01960 No charge to Members, Only $25 for Guests or $99/year to join.

3/11/22 Weekly Update & Links

1.Construction Spending Up 1.3% in January

The U.S. government is reporting that total construction spending in January, 2022 was at a seasonally adjusted annual rate of $1,677.2 billion, which is up 1.3% from December’s revised estimate. Click here to read more.

2.Buying Versus Renting in America’s Largest Cities

On a recent episode of Real Estate News for Investors, Kathy Fettke says rents are not just making a rebound after a dip during the pandemic, they’re blowing right past the monthly cost of buying a home in more than half of the largest housing markets. Click here to read more.

3.Zombie Properties Down in Q1 as Foreclosure Activity Rises

According to the ATTOM Data’s Q1 2022 Vacant Property and Zombie Foreclosure Report, there were 1.4 million residential properties in the U.S. sitting vacant, representing 1.4%, or one in 73 homes, across the nation. Click here to read more.

4.Construction Industry Adds 60k Jobs in February

According to recent data from the Associated General Contractors of America, construction employment increased by 60k jobs between January and February, 2022, marking the steepest pace in nearly 40 years. Click here to read more.

5.The Typical Home Changes Hands Every 13.2 Years

Redfin says that after steadily rising for a decade, homeowner tenure flattened near its peak in 2021. They point out that in 2021, the typical American homeowner had spent around 13.2 years in their home. Click here to read more.

6.Federal Judge Blocks Oregon’s Ban on Real Estate Love Letters

In early March, a federal judge blocked implementation of a new Oregon law that effectively banned personal letters (aka Love Letters) written by prospective homebuyers to sellers. Click here to read more.

7.You Need to be Marketing

Daniel Hart says full-time investors don’t just spend more time investing, they also take a different approach, in that they treat it as a business. Real estate is actually a people business, that happens to involve houses, so full-time investors know they need to be working with people to create deals, not just browsing listings, or looking at wholesaler emails that pass by. Click here to read more.

8.Oil Prices Surge to Highest Point in 14 Years

Infographic: Just a few years ago, America was a net exporter of oil and had achieved energy independence. However, times have changed and since 2020 the world has seen a steady climb in the price of a barrel of oil as America cut its production. Click here to read more.

 

2/25/22 7:13pm Email sent.WANTED Essex County Landlord wishing to Increase Rental Income!

Good evening, 1. At our last Zoom meeting Tuesday 2/22/22 (next Monthly meeting Tuesday 3/29/22 is LIVE). LiAnn showed us how her company has increased Rents much higher than the Landlords thought possible, even doubling them or higher in some cases. Just about everyone at the meeting was impressed, especially with her Case Studies that showed actual Properties, Addresses & Pro Formas of what she's been able to achieve!

She's offering a Site Visit & Analysis to the first 5 Landlords with Rentals in Essex County that contact her!

LiAnn DiMare [email protected]

2. Housing Starts Down 4.1% in January

The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000, which is 4.1% lower than December’s revised number and 0.8% higher than one year ago. Click here to read more.

3. Existing Home Sales Up 6.7% in January

The National Association of Realtors is reporting that existing home sales were up 6.7% in January to a seasonally-adjusted annual rate of 6.50 million (down 2.3% from one year ago). Click here to read more.

4. Higher Lumber Prices Add Nearly $19k to the Cost of a New Home

We continue to post about rising lumber prices and their impact on the housing industry. In a recent report, CNBC’s Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it’s disrupting the housing market. Click here to read more.

5. More Than a Third Of Americans Rent a Self Storage Unit

Storagecafe says self storage has seen tremendous growth recently. In fact, according to their recent analysis roughly 38% of Americans use self storage, with General X and Baby Boomers leading the way. Click here to read more.

6. Foreclosure Rates Remain at Historic Lows

According to the latest CoreLogic Loan Performance Insights Report, in November 2021, 3.6% of mortgages were delinquent by at least 30 days or more including those in foreclosure. Click here to read more.

7. The Good, The Bad, And the Ugly of Mobile Home Park Investing

Frank Rolfe says most Americans only know about “trailer parks” based on what they see on television or the movies. The problem is that if we only relied on the entertainment industry for our investment facts then we would all bet our money on things that Hollywood cherishes, like stocks of companies that manufacture evening gowns. Click here to read more.

8. Real Estate Underground Interview with CTREIA Founder

On a recent episode of Real Estate Underground (Connecticut REIA’s new podcast), host Ed Matthews talks with CTREIA co-founder Linda Baumgarten about her experience & expertise to thousands of real estate investors over the past 15+ years. Click here to read more.

9. FHFA House Price Index Says Prices Rose 17.5% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 17.5% from Q4 2020 to Q4 2021. Click here to read more.

10. Top 10 U.S. Ski Resort Real Estate Markets

Infographic: Have you ever wondered if you could afford to buy a home in a resort town and whether that investment would pay off? Today’s infographic from ATTOM shows the results of a recent analysis where they reveal the top 10 ski resort markets in the U.S. Click here to read more.

I look forward to see you soon, Mike Hurney Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS I'll be calling Everyone who's expired in the last year, sometimes we just forget or miss an email. I do not want to see you guys miss any Cash Backs from our great Vendor Members!

Update & Zoom 2/22 Short Term, IRAs & your Network

2/18/22

Inflation at 40-Year High

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022. However, the all-items index was up 7.5% for the 12 months ending in January.

Yardi Says Rents Rose Moderately in January

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in January increased $8 to $1,604 (up 13.9% year-over-year). Yardi says January’s performance

is a sign that demand remains robust.

America’s Best Cities for Dating 2022

This week saw Valentine’s Day come & go. The folks over at Apartment List took a deep-dive into data from dating site Bumble to come up with the best cities in America for dating.

Cincinnati

Boston :-0

Houston

San Diego

Austin

Detroit

DC

San Antonio

Miami

Dallas

Local Market Monitor’s National Economic Outlook for February ’22

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy.

Nearly One-Third of Houses for Sale Are New Construction

A new report from Redfin says the share of newly built single-family homes on the market at the end of 2021 was at a record high as builders try to keep up with surging demand.

CoreLogic Says Annual Home Price Appreciation Up 18.5% in December

According to the latest CoreLogic Home Price Index, price appreciation averaged 15% for 2021, up from 2020’s full year average of 6%.

Who Were REO Auction Buyers in 2021?

Auction.com says most REO auction buyers in 2021 were owner-occupants or local community developers. Of those buyers, 99% purchased five or fewer properties with 74% of those properties being located within 100 miles of where they live.

Apartment List’s National Rent Report February ’22

Apartment List says rent growth has cooled substantially from last year’s peak with year-over-year rent growth currently standing at a record-setting 17.8%. However, over the past four months, rents only increased by a total of just 0.9%.

Metro Areas with the Largest Gains in Existing Single-Family Home Prices in Q4 ’21

Infographic: What are the metro areas seeing the largest percent gain in single-family home prices?  Today’s graphic from the NAR shows identifies the top 10 cities with the biggest gains.

  1. Punta Gorda, FL
  2. Ocala, FL
  3. Austin/Round Rock, TX
  4. Phoenix/Mesa/Scottsdale, AZ
  5. Sherman/Denison, TX
  6. Tucson, AZ
  7. Las Vegas/Henderson/Paradise, NV
  8. Ogden/Clearfield, UT
  9. Salt Lake City, UT
  10. 10. Boise City/Nampa, ID

I look forward to see you soon! Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS Anyone having trouble with the Home Depot Military Discount App? Killing me:-( Since 1/7...

PPS See you 2/22 LiAnn's insight to Vacasa:-( her iTrip is cranking. IRA rules & regs NOT to mess up on!!! Networking, what are YOU up to?? Don't forget your Home Depot account, you've got to stay current with MassRealEstate.net / NewHampshireREIA.org

 

 

 

Email that just went out 1/21/22 7:28pm I hope you guys are Safe and Healthy! Mike

I look forward to see you on our next ZOOM meeting 1/25/22 6:30-9pm

We'll have David THE 1031 Exchange EXPERT, in case you've forgotten this important Investor Tool. Then WHO doesn't want a Complementary Energy Audit? Especially with RISING Energy prices! Electricians & Electrical Contractors you may want to check out the 300# gorilla that's taking over the Electrical Parts business - ESCCTR.net Matt'll tell us all about it!

Weekly Update::

Inflation at Highest Level Since 1982

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.5% in December, 2021. Is anyone doing anything to curb this out of control Inflation? Mike

Local Market Monitor’s National Economic Outlook for January 2022

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. some sectors of the economy – notably healthcare and government – apparently have lost a large number of jobs for good; half a million in healthcare, a million in government. There’s been no improvement in these sectors in the past year, so we must consider the current status their new baseline. And even though a lot of jobs have returned in the restaurant business, the half million still missing probably won’t be back in 2022.

Jobs in construction and retail are back to the pre-pandemic level but it doesn’t look like they’ll increase much in the next year. It’s mainly in the large business services sector and smaller ones like finance, transport and warehousing that jobs are now at a higher level.

The gains in two business services give a clue to how the economy may grow in 2022. It’s not a surprise that jobs in computer systems design are again rapidly increasing; that was a trend well before the pandemic. More intriguing is the recent recovery of jobs supplied by temp agencies; it may just be the usual seasonal hiring before Christmas, or it may indicate the extent to which more people and businesses now want temporary work and workers as a response to the pandemic. Possibly a bit of each, but if temporary work – much of it remote – grows rapidly in 2022 it will have lasting effects on real estate markets.

Meanwhile, let’s not forget the home price surge. New data next month will tell if it’s building or fading, which will have a big impact on real estate investors.

Mortgage Rates Rise Significantly

According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows rates on types of loans have been rising with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from the prior week. I saw an increase from 3.22% to 3.45% on the 30 fixed and They claim the Fed is proposing 4 increases this but Goldman Sax said it will take 9. This is significant! Mike

United Van Lines Says Americans are on the Move to Lower-Density Areas

According to United Van Lines 45th Annual National Movers Study, Americans were on the move to lower-density areas and to be closer to their families throughout 2021.

United’s Top Inbound States:

  1. Vermont
  2. South Dakota
  3. South Carolina
  4. West Virginia
  5. Florida
  6. Alabama
  7. Tennessee
  8. Oregon
  9. Idaho
  10. Rhode Island

United’s Top Outbound States

  1. New Jersey
  2. Illinois
  3. New York
  4. Connecticut
  5. California
  6. Michigan
  7. Massachusetts
  8. Louisiana
  9. Ohio
  10. Nebraska I don’t think anyone is surprised at these Inbound or Outbound states. Mike

Single-Family Rental Industry Ended 2021 on a High Note for Landlords

The venerable John Burns Real Estate Consulting recently shared their thoughts on what 2022 will bring to the rental and housing industry.

  • Las Vegas (+10% YOY)
  • Charlotte (+10% YOY)
  • Atlanta (+10% YOY)
  • Phoenix (+12% YOY) all the places we’re considering, especially Florida! Mike

Emergency Rental Assistance Funds Spent Through November

A recent update from the U.S. Department of Treasury says $10.4 billion of ERA1 funding and $18.7 billion of ERA2 funding remains unspent. Reportedly, through November 2021, ERA1’s cumulative expenditures were $14.6 billion, 58% of the total amount available, of which $13.6 billion has provided rent or utility assistance to households. There are huge opportunities available for your Tenants (with your help of course) rather than consider evictions and Housing Court! Mike

Your Short-Term Rentals Can Generate 6x Gains

David Pickron says rarely in life can the quick version of anything ever compete with the more time intensive “real deal.” Think of any instant food and you will quickly realize that I’m telling the truth. The same had held true for Real Estate investments for at least the last century… but times, they are a changin’. As you look at your portfolio it may be time to consider transitioning some of your long-term holdings into short-term rentals. I’ve got a little experience in Rentals or AirBnB, Verbo, etc The biggest problem you’ll have is if you do not treat the rentals as a FULL time Job with you available 24/7 Mike

Sawmill Output Continues to Hamper Home Construction

A recent report from the NAHB’s Eye on Housing says that the failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand has been a primary factor in the recent record-high lumber prices and volatility in 2021. This seems difficult to believe that record high prices can’t increase production. Mike

Visualizing the $94 Trillion World Economy

Infographic: The Visual Capitalist says just 4 countries (the US, China, Japan, and Germany) make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. Interestingly they point out that the GDP of the U.S. alone is greater than the combined GDP of 170 countries.

Personally I’d like to see the amount of debt these Countries are carrying. I just heard that the USA has $29 Trillion in Debt while China has $126 Trillion in positive cash :-0 Mike

Again, I look forward to see you 1/25/22 on Zoom 6:30-9pm!

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 019454

 

Networking, Deal Analyzer & Insurance

Tuesday, December 28, 2021 6:30-9pm Zoom online!

Email that went out 9:03am

Good morning,

I look forward to see you this evening

Important Insurance info! Deal Calculator & Haves & Wants.

Mike Hurney is inviting you to a scheduled Zoom meeting.

Topic: Networking, Deal Calculator & THE Correct Insurance - Monthly MA/NH meeting

Time: Tuesday, Dec 28, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting

https://us02web.zoom.us/j/88028942843?pwd=TnFFNVFGMlBKWjBjUVFZTW1teEtGQT09

Meeting ID: 880 2894 2843

Passcode: 007361

Once a year I try to consolidate all my Property insurance for updated quotes. This seems to pay off sometimes.

First, the “Dec” pages are the Summaries of coverage i.e. Deductible $250. Personal Liability $200,000. Which I was able to change to $1000. Deductible and $1,000,000. Personal Liability, For the SAME premium price!

Next, I remove the amount I’m paying when I send these out for a quote, so the agent doesn’t Low-ball us for the first year.

However

We’ve been disappointed the last few times:

Even more recently Matt read the polices wrong trying to disparage a current carrier.

Thomas was higher for all properties but he did encourage us to get a policy on vacant land.

Salem savings was higher on all properties but said they could cover almost all of them, being a single source:-0

Liberty Mutual redlined everything in Marblehead because of the Harvard study on eminent Hurricanes (flood zone:-(

MetLife will only cover an Owner Occupied and 4 others.

So

When I read a strategy some of my friends have (not Self-Insurance) but a Commercial policy, I thought it may be time to review that option.

This evening, December 28, 2021 6:30 -9pm Jim will have an analysis of that Commercial option with my coverage. Making sure we've got ”Rental Reimbursement” which our buddy Steve said, saved him over $90,000. in reimbursement not too long ago!

& a Review for Contractors Insurance:

What coverage do you have?
Do you use a Standard Contract? Which is  enforceable?

We’re ALL very busy, so you may want to take a few minutes for THIS short review, This evening.

Also

There are 4 ways I’ve used to quickly analyze properties to Purchase. I’ll review those AND John’s Deal Analyzer which is in our Members section of MassRealEstate.net

Very Often folks ask me for a "Hard Money" Lender to finance one of their "Killer" Deals. When I send them to a members website and they input their data, the Lender calls and tells them: "NO, I can't Lend on that!"

Then they ask me for another Lender and another Lender. Completely missing the Point!

Wouldn't you like to know in 5 minutes, Upfront, whether You have a Killer Deal and whether you could Finance it?

John will go through his easy to use Deal Analyzer with us, so you'll know the answers to those 2 important questions on this Zoom call

Finally

Haves and Wants, There are always moving parts in any deal. Sometimes we Underestimate them, Some times we Overestimate them. This’ll be your chance to share either, with your fellow Investors/Landlords/Contractors!

I look forward to see you on Zoom, this evening.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS Glad we took Housing Court Judge Tim Sullivan’s advice for checking on a Tenant!

PPS All you Members of the Military, Veterans & Spouses, have you filled out the new HomeDepot.com/military/ form for your 10% discount? Pain in the butt but it’s a Must-Have starting 1/1/2022

On 11/04/2021 12:33 PM Mass Real Estate - Mike Hurney <[email protected]>

 

Tuesday, November 30 Networking 6:30-9pm Networking!

On 11/04/2021 12:33 PM Mass Real Estate - Mike Hurney <[email protected]> wrote:

Good afternoon,

1. Which of the (9) Toilets, priced between $179.- $600. would you purchase for a Buy-FixUp-Sell house? which for an Owner Occupied home?

2. When buying Carpet, Home Depot stocks (396 ranging in price between $1/sf and $5/sf)? And when do you NEVER buy padding with it?

3. Which type of Smoke Detector is Approved and which is Dangerous (Ionization vs Photo Electric)?

4. Which of the (16) different kitchen faucets (priced from $99. to $650.) will outlive you? Which need the 30/30 Guarantee?

Folks it's not always the least expensive.

This next Saturday November 6, from 5-7pm we'll tour the Top Home Depot Store in our area with Manager Kyle (who's spoken to us, at our meetings;-). We'll also be guided by One of the Most Successful Rehabbers in the USA.

We'll learn How and Why to select:

* Which flooring: wood, laminate, vinyl, porcelain, ceramic or epoxy (98 in stock at Home Depot $1.69 - 42.29/SF)

* Carpet? Texture, Pattern, Berber weave? (396 in stock $1-$5/SF).

* Cabinets? (696 available? $93-$253.)

*Roofing shingles? (11 in stock today $34-$79.60/bundle) What's a bundle cover? what's a Square? (Square is 100SF Measurement by Roofers) How many Bundles per "Square" (some are 3, some 4 :-0) Also Venting? & Underlayment??

* Which of (16) Faucets & (9) Toilets mentioned above??

********** This Saturday 5pm we'll meet at a Kelly's Roast Beef for a wrap (Buffalo Chicken, Roast Beef, Veggie, or Turkey)  and soft drinks on Me! Then The very Successful Rehabber will provide orientation while we dine, then accompany us to help pick the Best items for our projects with Kyle the Store manager!

No charge to Members, only $25/guests or only $99/year to join.

You can Email me, [email protected] for the location we're selecting, for refreshments and the Home Depot store location!

I look forward to see you soon! Mike Hurney, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Please check that your Membership is current with us & your CCs are up to date, in your Home Depot accounts. This week I straightened out a "Stale Dated" rebate check for $2800 for a member and confirmed there is NO ceiling on the 2%cashback for a Big builder.

Tony Youngs is coming back to MassRealEstate.net & NewHampshireREIA.org from November 6 - 8 for a 3-Day Bootcamp where he will bring his home study system to life by taking you personally through each step...

 

Save the date for Tony - Tuesday October 26, 2021 6:30-9pm & November 6,7 & 8, 2021 9-5pm!

I look forward to see you soon, Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org POP Box 307, Marblehead, MA 01945

You're welcome to Join us at MassRealEstate.net & NewHampshireREIA.org for Only $99/year and receive all Home Depot Benefits: 2% CashBack on ALL Purchases, 20% off ALL Liquid paint, at the cash register checkout, Access to the Bid Room with purchases over $1500. (usually 7-50% off) and a special Appliance catalogue.

 

Good morning,

Quick Quiz - How do you learn? Let me count the ways

1. Just read a book.

2. Ask your friends.

3. Google.

4. You Tube.

5. Nike "Just Do It!"

6. Meet with a Super Successful Investor, Tuesday, September 28, 2021 5:30-7pm in Marblehead and Listen to them!

Kind of obvious, so I look forward to see you tomorrow evening at Meet The Builder, who'll pull back the curtain on this 20 unit Home Run in Marblehead (think West Shore Drive area), we'll send the exact address tomorrow morning because it's an Active, actually very Active construction site with half the units Sold and the last few in various stages of completion!).

I'm planning on seeing you folks tomorrow at 5:30pm, refreshments served, No charge to Members, Only $99/year to join or only $25 for this meeting.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS How are you guys doing on Appliances? The three DishWashers we need seem to be lost. As my father used to tell me

"To Avoid Disappointment, Always Have an Alternative!" Ya but the alternatives are the High End models:-(

Let me know the solutions you guys are coming up with? like on the GDF530PSMSS

& Home Depot says Stainless is out and Black Stainless is in what do you think???

Last month August 31, 2021 5:30-8pm, Mike D's Project:

97 N Main St 8/31 Meeting Middleton, MA 01949

We were very fortunate to have our monthly meeting at a Killer Project that Mike D has put together

Even better, he agreed to meet with us and disclose Everything from How he found this deal and partners? What happened with Permits? How the Construction costs changed, especially materials?

By the way, I’ll share Home Depots secret on how to get THE best prices!

How Mike chose a particular design?

And how he’s been marketing the project (15 Brand New units retailing at $700-900k) but, of course there are only 3 left!

Marco’s Restaurante #2 is just up the street in Middleton and he’s always glad to provide his Special Pizzas for us his Friends!

I look forward to see you This evening 5:30-8pm No charge to Members, Only $25/guests OR Only $99/year to join!

IF a Hurricane is Coming:
Are You Ready?

To-Dos for Before and After

Before The Storm

  • If you have time, photograph the interior and exterior of the your building, as well as your contents. This will help you show what your property looked like before the hurricane.
    Take precautions to protect your property. Visit https://www.ready.gov/hurricanes for a list of things you should do to prepare.
    If an evacuation order has been issued, please do what you have been instructed in to do. Once the storm has hit, it is even more dangerous for you to attempt to evacuate. You also put the lives of the first responders unnecessarily at risk.

After The Storm

If you have flood insurance, you will need to prove your loss to the adjuster representing FEMA (Federal Emergency Management Agency). If not, you may be able to obtain some FEMA benefits and/or deduct your loss on your taxes (consult with your accountant to make sure). Regardless of whether or not you have flood insurance, you should follow these steps.

  • Report the damage and loss of contents to your insurance company and/or your insurance agent. You are required to do this under the provisions of your insurance policy.
  • Make sure the building is structurally safe before entering or beginning any repairs.
  • Photograph the damage immediately after the storm and only when it is safe to do so. Hurricanes can produce water damage and wind damage. Take a lot of photos – at least four per room. Photograph the water level to illustrate the extent of the damage. Place a yardstick against a wall to show the height of the water. (Tip: Photos are better than videos. They show more detail and can easily be included in a report.) Give your insurance company’s adjuster printed copies as well as electronic copies of all photos so he/she can include them in his/her report to substantiate the damage.
  • Board up and protect your property from further damage and/or theft.
  • Obtain estimates from contractors to present to your insurance company’s adjuster—someone your insurance company has hired to assess the damage. It is best to be proactive to ensure that you receive a satisfactory settlement.
  • Download the National Flood Insurance Program Adjuster Claims Manual from the FEMA website so that you understand what is and is not covered. Be sure to show all covered items to the adjuster. They are busy folks and it pays to make sure they see all the covered damage during the visit.

 

If you have flood insurance for your personal property (contents), unless it is necessary, don’t throw anything out until the adjuster sees it. Then, don’t throw it out until you have agreed on a price. (Keep the contents in the back yard under a tarp, if necessary until the claim is settled.) If items are perishable and have to be discarded, photograph them in detail (front, back, etc.) including close-ups of serial and model numbers. Make a list of all the damaged items: description, quantity, age, replacement cost.

You must file a “Proof of Loss”, a document stating the amount of your loss, within 60-days after the loss. The adjuster may help you fill it out, but you are responsible to meet that deadline, unless the government extends it.

  • Keep all the receipts for all the work done at your property after the hurricane. Try to find receipts for purchases made before the flood. This will be helpful, although is not necessary to prove your claim.
  • Beware of contractors urging you to sign a contract (other than emergency services) before you have agreed with FEMA or your insurance company on a loss settlement. Note that the adjuster’s offer is not valid until it has been approved by FEMA.
  • Businesses can obtain insurance with coverage in excess of the FEMA program. Such policies can cover items that the FEMA policy doesn’t, such as Business Interruption and/or have higher limits that are provided in the FEMA policy.
  • You have the right to dispute the adjuster’s estimate in an arbitration hearing. You also have the right to sue within a year.

If this seems overwhelming, you could consider hiring a Public Adjuster, a professional who will represent your interests in this process. A Public Adjuster is paid a percentage of the claim and does not charge any money until you are paid. A good Public Adjuster will more than earn his/her fee by obtaining payments far in excess of what you would receive on your own and ensure that you receive everything you are entitled to. A Public Adjuster is different from your insurance company’s adjuster in that they work for you, not the insurance company.

Let’s Discuss Your Claim

We work very hard for you, to ensure the most complete and detailed claim, and the largest settlement for your loss. Here’s more information, about how we work.

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Copyright (C) 2021 Professional Loss Adjusters, Inc.. All rights reserved.

 

 

One of our long time Members (and famous Real Estate Brokers) Carl, won the Door Prize  - a Brand New 4 Burner, propane, BBQ grille donated by our partners at Home Depot!!!

Steve and his 2 gallons of their Brand New product, "Dynasty" paint from Home Depot (2nd prize)

***NEXT MEETING - Tuesday, July 27, 2021 6:30-9pm  IN-PERSON:          

Home Depot ASM Kyle and Frantz

shown here with Mike Hurney!

Door Prize - "Home Depot 4 Burner BBQ"

and 2nd prize Behrs Newest Super Paint  - Dynasty 2 gallons!

Voice Mail that went out this morning:

Good morning,

Our next meeting is tomorrow evening Tuesday, July 27, 2021 6:30-9pm

This is especially important, because it’s our first IN-PERSON meeting since we were hit with the Pandemic over a year and a half ago.

Our Governor Baker has lifted all restrictions since May 30, 2021 and you guys have been clamoring for the popular in person networking.

Zoom was fine but let’s get back together.

I’ll guarantee your work or projects will be doing better after tomorrow evening, if you decide to use the valuable information you’ll receive!

We’ve invited our most popular speakers to set up small groups for discussions, then every 15-20 minutes you’re invited to move to the next expert.

Marco’s firing up his Pizza oven for us and Peter our Host will share his latest top of the line - Kitchens, Baths & Flooring!

We’ll hear from the Top Real Estate Broker

Finance Guy

Contractors Steve and Rich

Big Time Investors Mike and Mark could be there.

Asset Protection Attorney Jon

Closing Attorneys David and Robert

Staging, Home Inspector & Smoke Guy are Maybes…

& the Junk Yard Dog of Eviction Attorneys Rick!

And of Course YOU

We’ll also be able to look at the Latest Listing Systems for your new Leads

And a Review of the Generous Home Depot Benefits our Members receive!

It’s ironic that some folks were hard hit but others have Cranked up their Businesses, Helped others and THRIVED! You’ll see Who and How!

DesignGroup47.com

47 Newbury Street, Route 1 North, Peabody, MA 01960 just before Sonic Carhop

No Charge to Members, You are welcome to Bring a Guest at No Charge (Only to this meeting), All Others Only $25/meeting and Only $99/year to join!

I look forward to see you there, Mike Hurney, Director!

Home Depot Benefits!

When you "JOIN NOW" (button above) or RENEW for only $99/year!

* 2% Rebate Program - (Above all other discounts that you are already receiving from the Home Depot.)

* 20% off Paint at the check out register.

* Up to 25% discount on the selected Appliances, you need!

* Access to the "Bid Room" on purchases of over $1500 (usually 7-50% off)

***1. Meeting 7/29, 2. Peter's Flooring Specials, 3. Water damage.

1. Tuesday, July 29, 2021 we'll return to an IN-PERSON meeting at Peter's DesignGroup47.com 47 Newbury Street, Peabody, MA 01960

We're using the format from our highest attended and rated, meeting 2 years ago - Local Experts! We'll identify several different EXPERTS from our membership that'll share their Expertise with us. 15 minutes later, you move to the next table, etc.

Real Estate Brokers

Home Inspectors

Finance guys

Contractors

Insurance Loss Adjusters

Asset Protection Attorneys

RE Closing Attorneys

Peter's special pricing top quality Flooring!

Stagers

Eviction Attorneys.

and YOU!

Also Refreshments & Home Depot!

If you need help with something, even ideas, don't miss this! If you're a Know-it-All, how about sharing some success or just networking. Don't forget, "No one wo/man can do it All!"

We've missed you during this Kung Flu Epidemic, although I've gotten together with many of you guys. And we may not even recognize each other;-) so we've got name tags.

2. Peter, our host, has great Flooring Specials, give him a quick call... 617-293-8397

Vinyl: Cali bamboo Spc 20mm, 3 colors in stock $2.19, Engineered 7 1/2" walnut $4.35, Tile in Stock 6x18 subway $1.89 and plenty more!

3. Water Damage? What did we get last week, 5 inches of rain from the Hurricane Elsa remnants and a Nor'easter? Be careful about filing a claim... You may not want your first call to be to your insurance companies recorded line…you might not be covered for groundwater and only rain water, which they’ll then list on YOUR dreaded CLUE Report!

Len Theran's the man at Professional Loss Adjusters to call first [email protected], 617-610-3392, [email protected]

There's also a couple of things YOU can do to mitigate basement flooding from our Expert Plumber -

"A. Downspouts should empty to at least 3’ from your house or the soil should be pitched to convey that water away.
B. The soil around your foundation should be solid and direct that rain water away. All too often there’s a build up of leaves against the foundation that absorbs the water and passes it below to seep into the basement.
when all else fails -( C. There’s a squeegee attachment for your shop vac that’ll pick up water that's not making it to your Sump, saving your towels and hands!"

I look forward to see you, Tuesday July 29 6:30-9pm for this very special meeting.

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

 

This evening  Friday, July 2, 2021 6:30-8pm Movers & Shakers:

Admission FREE ($5.00 donation for non-Members to cover our tip) Coffee (or soft drinks) and a wrap (turkey, veggie or buffalo chicken) Kelly's Roast Beef 165 Endicott Street, Danvers, MA 01923 978-774-1897 6:30-8pm PM BEGINNING/INTERMEDIATE Real Estate Investors Review Basic Selling. Where to Invest? Which deals can move your career along the quickest?

We'll then use a roundtable format where each person can pose a dilemma, tell us of a recent success or pass to the next person.

Hosted by Mike Hurney, Author of "How to Become a Real Estate Investor in 12 Easy Lessons"

See you there! Mike

America is 245 Years Strong!

This Sunday, July 4th, marks 245 years of America’s independence!  Today’s infographic takes a look at the 4th of July “by the numbers” to provide some insight about this holiday we Americans hold dear.  Whatever you do to celebrate, do it safely and have fun…..and, as for today, Stay safe and have a Happy Friday!!!

“On July 2nd, 1776, the Continental Congress voted in favor of independence, and two days later delegates from the 13 colonies adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 to the present day, July 4th has been celebrated as the birth of American independence, with festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues.”  History.com.


Key Trends from Remodeling Magazine’s 2021 Cost vs Value Report

The release by Zonda of the 34th annual Cost vs. Value report finds exterior improvement projects continuing a multiyear trend of providing the greatest return on investment (ROI) for homeowners. Indeed, 11 out of the 12 projects with the highest ROI were exterior improvements. At the top is the replacement garage door (No. 1), sidings (including manufactured stone veneer at No. 2), and windows. The indoor exception, sitting at No. 3, is the minor kitchen remodel – a modest face lift of kitchen surfaces that offers a relatively high return when done prior to the sale of a house.

Sorted by the highest percentage of cost recovered (or return on investment), this chart ranks all 22 projects in the Cost vs. Value report. A relatively steep increase in costs during 2020 resulted in lower ROI figures compared to years past.

 

Cost Influence

The trend of exterior replacements outperforming larger discretionary remodeling projects has been accelerated, no doubt, by a year in which COVID has made people reluctant to have contractors inside their homes, but yearning to improve outdoor spaces. It’s been a year when we’d expect decks to reign supreme, but the data doesn’t track what’s most popular. The Cost vs. Value report tracks the ratio of value over cost for 22 common remodeling projects, and in that ratio lies the rub: Material costs, especially for decking and pressure-treated framing lumber, started going through the roof in 2020, bringing down the return despite the project’s value.

The effect on ROI of rising material costs is shown across the board for all projects, with the ROI for all projects down an average of 3 percentage points. The wood deck project shows the greatest decrease in ROI (-10.3%) and the highest increase in material costs (+13.6%).

A look at yearly trends (see chart below) shows that project costs have risen consistently since 2014, with a sharp increase in costs in the last year brought on by supply-chain disruptions largely created by the pandemic but complicated by global trading tariffs. Mirroring the increase in costs, the value-over-cost ratio as a percentage has steadily declined over the same period, with the sharpest decline (-3.7%) in the last decade occurring in 2020 (compare to a decrease of -2.4% for the year before).

These trends are based on the national averages for 15 projects that have appeared in the Cost vs. Value report over the last 13 years.

The Focus on Home Sale Price

The Cost vs. Value report aims at a very specific question: What value does a particular remodeling project add to the sale price of a home? This is only one kind of value that homes can provide, but it proves to be an important assessment.

The value data in the report was derived in prior years from surveys of real estate professionals asked to rate the value of the 22 projects. For 2021, Zonda has revamped the report's methodology, providing an econometric model that overcomes a past problem of surveying enough real estate professionals. Built onto the survey results, the new model sifts in a range of other variables, including local GDP, housing starts, existing home sales, existing home values, changes in existing home sales and existing home values, among others. What's important to grasp here is that all of these are variables that influence the sale price of homes in a specific location, and that is what defines the value side of the calculated ROI.

"Location, location, location" we know as the first principle of real estate, and the Cost vs. Value report addresses this by providing data for 150 metro areas (up from 100 last year). New for 2021, the report also allows users to drill down to data at the ZIP code level within each metro area covered to get a more fine-grained view of how costs and values differ on a local basis.

If we begin to think a bit more like a real estate professional, we begin to grasp how to fully understand Cost vs. Value.

Exterior projects. To begin with, it helps explain why exterior projects retain their strong return on investment: “Curb appeal” and “first impressions” are strong concepts in real estate because they have a big impact on how much money prospective home buyers are willing to pay for a home. If they start out thinking the house looks good - is in good shape, has "good bones" - they begin to fit all the new information they learn once they walk through the front door around these positive impressions. The reverse - driving up and seeing a dilapidated garage door or a house in need of a paint job - has the reverse effect: Buyers start to downgrade what they are willing to pay for it. While these impressions are highly subjective, they tend to influence buyers in a remarkably consistent ways.

Discretionary projects. While still returning a decent return on investment, the larger discretionary projects, such as kitchen, bath, and master-suite remodels, tend to have a lower impact on the price of a home. These projects typically involve a number of product options that have strong appeal to the client making the selections but tend to be too individualized to provide broad appeal. There is no one best cabinet style or color, no perfect tile, or fixture design that everyone likes. Certainly, there are design trends that have wide appeal among a range of homeowners. But because of the vast differences in aesthetic tastes, real estate brokers know that one person’s elegant new kitchen or bath may be viewed by other prospective buyers as unappealing, overstated, or otherwise in need of a reset.

Get the Conversation Started

Building professionals are focused on a lot more than resale value when they begin discussing a project budget with prospective clients. Pride in design and craftsmanship, occupant health and safety, long-term durability of materials, reductions in liability, and potential for repeat business are all top of mind for the professional remodeler entering into a new project. But all these factors, and the different values attached to them, are not necessarily understood by clients.

Cost vs. Value serves to get the conversation started. By focusing first on the value of the client's investment, defining it the way a broker might, a remodeler can zero-in on a client's biggest anxiety, cost. Instead of leading with their costs, they can first deliver a generalized cost that demonstrates that the project they are considering will have a definite return. Once that’s established, the contractor can go on to show the client how to think like a remodeler, raising the client's understanding and appreciation of the total value of a company's work. And finally the remodeler can move the conversation forward to reveal the specific costs they have for the project at hand.

The cost data in the Cost vs. Value report does include a standard mark-up of 10% on materials and 10% on labor. This is a starting point. It may be considered low by many contractors who build high value into their work with things like a well-paid workforce that receives good benefits to ensure that a high level of dedicated, skilled, and trust-worthy talent will be working on the project. Those are the sort of details that contractors will discuss with clients as they work to broaden the definition of home value, and distinguish their company as the best one to complete the project.

Email that went out this morning 7/1/21 7:46am Replay & Last word on Change to our Industry:-(
Good morning,
Max Keller spoke to us Tuesday and cautioned that there's a Huge Disruptive Change that we are in the middle of, right now! In our Industry!
More importantly he showed how we can take advantage of this Change to help folks!!
Change is good!  As long as you are part of the change.  Stick with your old ways and you will be left behind.  Think of the industries that are just about obsolete right now:
US Manufactured, Important Pharmaceuticals and Medicines... Occupations like Tax Examiner, Librarian, Taxi Dispatcher, Cashier.......soon to be Real Estate Broker and Mortgage Broker.  The apps are taking over......
Properties are coming on the market at a steady rate right now.  People who wanted to sell last year are stepping up.  If you are not seeing opportunities, maybe it's your method of finding properties that is obsolete.  Move ahead or be left behind....
You can't afford to miss MAX's Replay!
Here’s the last call for Max Keller’s Replay & Limited Opportunity to join us at the end:
And there’s an opportunity to work with Max at a very discounted rate BUT wait, we’re adding a $99 bonus* when you purchase Max’s program and join us Monday for an Intro/Start to his system!!!
You need to, at the very least, watch this replay which will give you insight to what’s coming in Real Estate:
In this short video replay…
(times are shown where these important points are)
#At (2:41) he’ll show how Wall Street with large companies has purchased 147,000 Single Family homes, and you’ll definitely recognize these companies…
By the end of 2021 they’ll be acquiring 100,000 houses/year, which is a disaster for traditional buyers!!! Zillow plans to be buying 5,000/houses/month becoming a $20,000,000,000.00 Business!
Based on Zillow's 157 million Unique Visitors per year, this seems entirely possible!!! Their average Profit on their Single Family acquisitions is $1723/house Can you compete against this thin margin?
A Disruption on the Real Estate business IS COMING! Even though there’s 2 million licensed Real Estate Brokers in the U.S.
#Max has a simple formula (14:20)
Good Profit
Minimum resistance
???
Replay & Limited Opportunity at the end:
#The demographic Max is working with (16:23) is Slow to Trust but Very Loyal!. It’s the fastest growing demographic…, There are 4,000. folks turning 85 years old every day in the US and 10,000 turning 65 every day:-0 and by 2030 there will be more folks over 65 than under 18!
#Remember 20 + years ago when there were these shark-like Stock Brokers? (24:01) no more, now they’re all Financial Planners. Get ready for a similar disruption in the Residential Real Estate Market when these Hedge Funds and similar companies like Zillow will transact with Software and low margins.
#(38:16) Why we now SHOW the lowest Single Family inventory since 1982?
#And (43:26) where Max outlines his Very Successful Program, where he’s looking forward to work with you and I.
Bottom line, here’s what’s happening - which you may or may not be aware of, as a Huge industry we know a lot about, is getting Hugely Disrupted!
Replay and limited Opportunity at the end:
We look forward to see you on Max's implementation call Monday!
Mike Hurney, MassRealEstate dot net and NewHampshireREAI dot org PO Box 307, Marblehead, MA 01945
* We’ll extend or start your valuable membership, by 12 months ($99.) in MassRealEstate.net & NewHampshireREIA.org when you sign up for Max's program!!
**any questions with the Replay or Sign-up, you're welcome to email me ASAP, Mike

 

 

Lincoln Hurney is inviting you to a scheduled Zoom meeting.

Topic: MREIA June Meeting - 6.29.21
Time: Jun 29, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/7712991667?pwd=Rmt2U3hWUTBzVXNZSy8zOFJSSmRZUT09

Meeting ID: 771 299 1667
Passcode: 2Jw6tM

Short video preview of Max Keller "You're the Expert"

I look forward to see you there!

>> Click To Get Share and Attract Course <<
>> Click To Get Private Lending w/ Max Keller <<

where homes are selling the fastest

New Home Sales Decline Due to Higher Costs

After a significant downward revision for the preliminary March data, April recorded a decline of 5.9% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The April seasonally adjusted annual rate (863k) was the lowest since June 2020, with the exception of a weather-influenced February report.

Residential demand continues to be supported by low interest rates, a renewed consumer focus on the importance of housing, and solid demand in lower-density markets like suburbs and exurbs. However, higher building costs, longer delivery times, and general unpredictability in the residential construction supply-chain are now having measurable impacts on new home prices. In April, the median price of a newly-built home was 20% higher than a year ago, at $372,400. As NAHB has estimated, higher lumber costs alone are increasing new home prices by $36,000 on average.

Higher costs have priced out buyers, particularly at the lower end of the market. A year ago, 45% of new home sales were priced below $300,000. In April 2021, only 27% of new home sales were priced below $300,000.


Looking back to the spring of last year, the April 2020 data (570,000 annualized pace) marks the low point of sales for the 2020 recession. The April 2020 rate was 26% lower than the prior peak, pre-recession rate set in January. Sales then mounted a historic surge from April until July, outpacing gains in actual construction. Sales have been above the pace of the post-Great Recession trend since the second half of last year. However, since January the trend has been declining and approaching the prior long-run growth trend (as indicated by the blue dashed line in the graph above).

 

Sales-adjusted inventory levels remained lean in April, coming in at a 4.4 months’ supply.

Completed ready-to-occupy homes continue to fall as a share of new home inventory. Such homes were 24% of inventory a year ago. They are only a little more than 11% of the total in April 2021.

Moreover, to see how sales patterns have changed in a high demand, low supply market — a year ago, 42% of new home sales were completed construction. In Apr 2021, this share has fallen to 27%. A year ago, 21% of new home sales had not started construction yet. In April 2021, such speculative homes represented 38% of sales contracts.

Regionally on a year-to-date basis new home sales rose in all four regions, up 50.7% in the Northeast, 45.7% in the Midwest, 45.5% in the South, and 3.6% in the West. These significant increases are due in part to lower sales volume during the Covid crisis a year ago.


 

How Media Consumption Has Changed Over the Last Decade (2011-2021)

Media Consumption in 2021

There are a wide array of apps and life hacks out there designed to help regulate personal internet use and media consumption, but the data suggests they haven’t been working. Today, we consume more media than at any point in time in the last decade.

This data from Recode looks at how many minutes U.S. adults spend on various forms of media, comparing mobile, desktop, radio, television, and magazines.

How Many Minutes are Spent on Media?

In 2021, collective media consumption continues its upward trajectory, and is set to be at the highest it’s ever been. In 2021, overall media consumption among U.S. adults is estimated to be around 666 minutes per day, or 11.1 hours—a 20.2% increase from 2011.

Although media consumption has grown overall, this is predominantly driven by mobile usage. In fact, every category with the exception of mobile has shrunk from their respective peaks. Mobile on the other hand, has grown a whopping 460% in 10 years, from an average daily use of 45 minutes to a staggering 252 minutes.

Consumption by Generation

Disparities in media consumption have a generational aspect that’s worth noting, as well. For instance, older Americans like Baby Boomers still consume media routinely through television. On the other hand, younger cohorts like Millennials and Gen Z tend to consume more through mobile.

Increasing internet use has come with criticism, and is said to be partially responsible for our waning attention spans. With only 1,440 minutes in a day, it remains unknown exactly how many minutes we will continue to direct towards mobile use. But with figures growing 9% last year, we may not have yet reached the peak.

[email protected]

Massachusetts Real Estate Investors Association
PO Box 307, Marblehead, MA 01945, USA

 

Mike Hurney is inviting you to a scheduled Zoom meeting.

Time to Sell? Tenant Problems? Opportunity. Kitchen & SF Bld Permit, YOU?
Wednesday May 26, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://us02web.zoom.us/j/85101188287?pwd=NEtiUy8yN0x2TUFVT1NrSkxTNzlhUT09

Meeting ID: 851 0118 8287
Passcode: 403765
1. Quick Update on the Market. AND if you've been thinking about Selling a home, NOW IS THE TIME! When Demand is still High and Inventory is Low, there is an abundance of buyers looking for a home just like yours. Sellers are Selling Fast and for Top Dollar. You're welcome to contact [email protected] for a Complimentary Market Analysis of your Home.

Also, when you're looking at a new "Farm" (area, City/Town to invest in) it's important to identify the fastest moving "bracket" of Properties, who wants to get into a project that takes years to turn around? OR Worse one that takes longer than a year to Sell?? We'll quickly analyze two areas so you'll see where to spend your time and effort. Want YOUR area analyzed also? Send me a quick email ASAP (not 5 minutes before our Wednesday, 5/26 6:30-9pm meeting;-)  Mike

2. CDC Moratorium on Evictions is on, Extended, Unconstitutional, Knocked Down by a Federal Court, It's Extended & Extended, Confused? You won't be for long with...

The JunkYard Dog of Eviction Attorneys will Show us How he's helping MANY Landlords Solve this Problem Expeditiously and to everyones satisfaction. You know from the past that Attorney Rick is a Professional who focuses with Brevity on Success! Whether you're a Landlord, Tenant or Investor (who may go to Plan B - Rent instead of Selling...) you don't want to miss his Presentation.

3. I'm still convinced this Niche, Investing in Mobile Home Parks, is one of the best CashFlow opportunities. There's a BootCamp coming up June 4-6, 2021 where you're welcome to join me, with a significant discount for our Members! Mike

4. Then we'll do a Deep Dive into Construction Materials: Current Prices, Where they're headed & Most importantly ALTERNATIVES!

5. An update on a Kitchen we're UpGrading in Salem and what's happening with that Single family we've been starting in West Roxbury.

6. If time permits what have YOU been up to, any offerings or requests (Buy/Sell & Networking)? Actually, if you've got something HOT (Pending P&S that's in trouble? How to estimate an offer (No addresses please, unless you're under Contract) call/email us right away or interrupt on the Call Wednesday!

I look forward to see you! On-Line next WEDNESDAY, May 26, 2021 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Folks, NO BS, Check your Home Depot account and Maintain your MassRealEstate dot net & NewHampshireREIA dot org Membership, still only $99/year. Home Depot audits us OFTEN and if your Membership with us expires = Your discounts are GONE!!! Email me directly with any concerns, Thanks, [email protected]

 

5/7/21 Kris has determined, with an Algorithm, what the sale price will be for Real Estate Properties on the Market. She's also targeted great investment opportunities in Massachusetts, outside of Boston. Tomorrow evening Friday, May 7, 6:30-8pm she'll teach YOU this information and more importantly, How to Use it! We'll meet LIVE at Kelly's Roast Beef, 165 Endicott Street, Danvers MA 01923 Light refreshments and soft drinks provided. Only $5. for non-members (tip for our waitstaff). ALL State Covid-19 Protocols will be followed! I look forward to see you there for Lincoln's Market Update, Kris's Algorithm

 

 

Last meeting-Tuesday, April 27, 2021 6:30-9pm On-Line

Mobile Home Parks, the Forgotten Niche with... Frank Rolfe

Find out why Mobile Home Parks offer perhaps the highest and safest returns of any sector of Real Estate.

As a Real Estate professional, have you thought of dabbling in Mobile Home Parks instead of Single or Multi Family homes? If you're unsure if that's even possible MassRealEstate.net main Meeting is for you! Click the link below and join us at 6:30pm

Mobile Home Park Investing - guide

Mobile Home Park Investing - meeting

 

lumber prices infographic

 

Yardi Says 2021 Off to a Strong Start. According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in March increased $6 to $1,407.  In addition, Yardi says multifamily rents had one of the strongest first quarters in the last few years.  Click here to read more.

NMHC Says 79.8% of Apartment Households Paid Rent by April 6th

The National Multifamily Housing Council (NMHC) says that 79.8% of apartment households made a full or partial rent payment by April 6th, 2021.  Click here to read more.

Best Counties for Buying Single-Family Rentals

According to data from ATTOM’s Q1 2021 Single Family Rental Market report, the average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 495 counties is 7.7% for 2021.  Click here to read more.

Top Destination Cities for Renters

A recent report from STORAGECafé says more renters moved in 2020 vs. 2019, with most of those upgrading to larger homes.  Interestingly, they point out that 69% of renters looked for housing in the same state while the remaining 31% sought a new home in another state.  Click here to read more.

Millennials Continue to Dominate Home Buying Market

According to the National Association of Realtor’s 2021 Home Buyers and Sellers Generational Trends report, millennials continue to make up the largest share of homebuyers coming in at 37%.  Click here to read more.

Big Firms are Crowding the Market for Houses and Driving Up Prices

The Wall Street Journal recently wrote about how so-called big firms are crowding out the market for houses and in the process, driving up prices.  They report that it runs the gamut from individuals with smartphones and a few thousand bucks to pensions & private-equity firms with billions, yield-chasing investors are snapping up single-family houses to rent out or flip.  Click here to read more.

Consumer Price Index Up 0.6% in March

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in March, 2021.  Click here to read more.

Pandemic-Driven Demand for 2nd Homes Soars

According to new data from Redfin, buyers who locked in mortgage rates for second home purchases shot up by a record 128% year-over-year in March – marking the 10th straight month of 80%-plus annual growth.  Click here to read more.

Landline Phones Are a Dying Breed

Infographic:  This shouldn’t come as a surprise to anyone, but it is interesting nonetheless.  Today’s infographic shows us that an ever-increasing majority of American households have ditched traditional landlines in favor of cell phones.  Click here to read more.

 

In-Person meeting Tuesday, May 25, 6:30-9pm

***CFPB Wants to Prevent Foreclosures Until End of the Year

A new rule proposed by the Consumer Financial Protection Bureau (CFPB) seeks to prevent a wave of foreclosures as some pandemic protections for homeowners are set to expire. The rule, which would apply to all mortgages federal & private, will prevent mortgage servicers from initiating a foreclosure against delinquent borrowers through December 31, 2021. Click here to read more.

Will You Be Ready When the Eviction Moratorium Ends?

On a recent episode of the Rent Perfect Podcast, David Pickron says the current tenant/landlord climate feels like a good old-fashioned game of musical chairs. As housing providers anticipate the end of the CDC’s eviction moratorium, it’s critical for landlords to know and prepare for what’s next. Click here to read more.

Pending Home Sales Down 10.6%

The National Association of Realtors is reporting that pending home sales were down 10.6% in February, 2021. Click here to read more.

S&P CoreLogic Case-Shiller Index Up 11.2% in January

According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 11.2% annual gain in January, 2021. Click here to read more.

Rentable Says April Rent Prices Down Slightly

Rentable says that the median nationwide rent price for one-bedroom units in April was $1,121 (down 0.27%) with two-bedroom units coming in at $1378 (down 0.29%). Click here to read more.

Construction Spending Down 0.8% in February

The U.S. government is reporting that total construction spending in February was at a seasonally adjusted annual rate of $1,516.9 billion, which is 0.8% below January’s revised estimate. However, February’s figure was 5.3% higher than one year ago. Click here to read more.

FHFA House Price Index Up 12% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1% in January and up 12% from one year ago. Click here to read more.

NAHB’s What Home Buyers Really Want 2021

The NAHB recently released their annual What Home Buyers Really Want report that they say sheds light on the housing preferences of the typical home buyer as well as how those preferences change over time, and how they may vary based on demographic factors. Click here to read more.

Who Americans Spend Their Time with by Age

Infographic: Time is the one finite resource that we closely guard and often, carefully choose how we spend it. Today’s interactive infographic from the Visual Capitalist takes a look at who Americans exactly spend their time with and for how long. Click here to read more.

***Xtra Savings and a FREE GiftProXtra Appreciation Day

It's ProXtra Appreciation Day 4/1/21 at Home Depot!

I look forward to see you there! Mike

 

Make the RIGHT Offer for BRRRR, Market, Finance trend, Short term, Insurance coverage!

Time: Mar 30, 2021 06:30 PM Eastern Time (US and Canada) Join Zoom Meeting

https://us02web.zoom.us/j/87420316768?pwd=OUtzL3hZR0pnQWlEcmJURThFWktpdz09

Meeting ID: 874 2031 6768 Passcode: 795696

 

Vendors
Several times folks have told me of Property Losses, Short Term Rentals & Mortgages that they've "Researched". Then selected a company and Settled, Stayed at or Financed with however based on what they describe I'm sure they could've done better with Len, Liann & Mike - Vendors in our Association!
So they'll have short updates for us, so that we don't forget them in the Confusion of Needing them!!

Market
Still a very hot market. I'm hearing Tales of Sales that go $50k, $65k and $80k above the Listed price! Lincoln'll be showing us the Stats.

Making Offers
People still describe to me how they make offers and I think it's time for a quick review "Making Offers 101" How to quickly Assess Values and know When to "Fold 'em"

Friday, April 2, 2021 6:30-8pm online meeting Construction, Rehabbing & Contractor Licensing

Builders license - There’s a lot of money out there in Construction, especially rehabbing/upgrading. If you don’t have your Builders license, it might be time to get it, so you can pull permits and have Insurance coverage on your most important Self, Workers and Clients

I just got a notice for my upcoming birthday to renew my Builders License after completing my CEUs. Like many of you guys. and We Are also required to have the Latest Code Books which seem to Grow every year.

So Do you need to pull a Permit for every job?

Do you need a license for every Job?

Do you have to have Insurance for every Job?

Do you need the Code Books on every Job?

You tell me, I hate to hear about some wise guy that’s holding money from a hard working Contractor because they found out you didn’t do something with all that compliance, you guys work too hard for that crap.

So on our next Friday meeting April 2nd we’ll address How to Avoid those issues...

 

MREIA Tenant Application 2

Tuesday, March 30, 6:30-8pm ZoomJshfojhewf1.

Networking and Education for CONTRACTORS! LANDLORDS! & INVESTORS!

Contractors:

Do you give out Free Estimates?

Are they Estimates or Quotes?

Review your Construction Contract with Attorney David?

Code Compliance, Where are the latest Building Codes & How do you Access them?

Home Depot ProXtra ONLY Members of MassRealEstate.net receive 2% CashBack/twice a year, 20% OFF paint at the Cash Register, Special Appliance Pricing & Access to the Bid Room on purchases over $1500. (Usually discounts of 7-50%)

JOIN US NOW or You're welcome to Sign-up for our Special Reports or Contact our Director, [email protected] for Access.

*Joe (below)

Landlords:

Can share Tips like: 7 Advanced Screening Techniques for Tenants!

Use a Lease or Tenant @ Will agreement?

Normal Wear & Tear vs Destruction (Security Deposit Issue)?

also Join & get ALL our Discounts.

JOIN US NOW or Sign-up for our Emails and Contact our Director, [email protected] for Access.

**Hoa (below)

Investors:

Getting Started on the Right Track: No Money or Experience? "Bird-Dog" Techniques…

Business Entities to use LLC, LLP, S Corp, Corp, FLP, Realty Trust???

Advanced:

Types of Properties to Buy and their Pros & Cons.

Areas to Invest in?

Amount of Work Involved?

Turn Time?

also Join and get ALL our Discounts!

JOIN US NOW or Sign-up for our Emails and Contact our Director, [email protected] for Access.

home_depot_logo_jpg_280x280

You're welcome to Join or Renew your membership in MassRealEstate.net (Only $99/year) & Receive ALL 4 Home Depot Discounts & Bonuses

2% CashBack on ALL Purchases, 20% off ALL Liquid Paint, Special Appliance Catalog & Access to the Bid Room (usually 7-50% off) purchases of $1700. or more! ANY problems email me [email protected] or "Drift" me below.

Have You received Your 2% CashBack yet, for (Q1 & 2 2022) Spends?

 

Jenn & Artie prepare our new high end Grill for the August 30, 2022 Door Prize


Easily handle Permits & Variances, BBQ Grill & Insurance Claim$ 8/30
Contractors, interested? You need to respond Now. (we need your headcount for an August 30 presentation?) Just hit reply.

We've got enough folks attending! (If you haven't responded yet, you also can hit reply to this email.)

? Stephen owns a Construction Development company and we've asked him to show US how he Easily handles Permitting and Variances. He happens to be an Expert in both of those hard to address areas! Navigating these tough areas, he ends up with a project "Blessed" by neighbors and local government inspectors!

? We also have a BBQ grill for the Door Prize, thanks to Home Depot!! Also Marco's Authentic Restaurante' Italian Pizza!

and

? 3 Most important "Things to Do" for a successful BRRRR business, that everyone seems to be missing.

and

? Who to call first, when:

"My Property Has Sustained Water Damage; Now What?"Len is an independent insurance Loss Adjuster, probably THE Best, and with a higher than normal "named Storm" (Hurricanes & Nor'easters) prediction for us, this will be critical information!

I look forward to see you Tuesday, August 30, 2022 6:30-9pm at WorldDepot.net #47 Newbury Street, (Route 1 just before Sonic carhop) Peabody, MA 01960

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org

No charge to Members, Only $25/Guests or Only $99/year to join (maintaining Membership Includes Huge Benefits and Discounts)

 

Housing Court handouts click here

Landlords, don't get to this stage & Contractors protect yourself-tomorrow 6:30pm

*** (below) By the way, Who we are and How we began??

1. https://abc7ny.com/ellen-wink-kurt-lametta-norwalk-landlord-kills-tenant/11495502/Fellow Landlords, you don't need to get to this point (Link above tells of Landlady Ellen allegedly shooting and killing her Tenant :-0

Tomorrow evening Tuesday 7/26/22 6:30pm The Chief Judge of our Massachusetts Housing Courts will tell Landlords and Future Landlords:

* What 5 Document you need for a legal Tenancy?

* When you need to take Legal action?

* Which steps to take so that your case does not get thrown out?

* What is the current timeline for adjudication?

2. Try to imagine going from a thriving Construction Contracting business to 7 years of expensive Legal battles to save your Home, Business, Licenses & Personal life.

One of our fellow Contractors just settled a suit he’s been plagued with for several years. This UNJUST Lawsuit started out amicably with the Client as a large renovation. After several months it went bad then ended up with suits and harassment of the Contractor.

This contractor stopped by my house last week to tell me his good news: He’s won or had dismissed ALL motions against him and is even being compensated for his extensive legal fees.

OK so What profit is in all that? Like Zero!!

Anyways he has agreed to tell us tomorrow Tuesday July 26, 2022 6:30-9pm

* What happened?

* What signs to look for that it is not going well or will end up bad??

* What to do then?

* What protection do you need?

In general How to conduct your Business Profitably and Safely!

We’ve got about 300 Active Members, mostly Contractors. I’ve scheduled this with short notice because it’s so important to the majority of our Members!
No recordings at this meeting and trust me, this is a DO Not Miss meeting for ALL contractors!

Of course networking and Marco’s famous Pizza in an air-conditioned friendly atmosphere. I look forward to see you there! No charge to Members, Only $25/guests & Only $99/year to join!

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS "The cheapest way to learn is from someone else's mistakes." Jane Gasek

*** By the way, Who we are and How we began?? I'm Mike Hurney, Contractor, Engineer, Landlord and Director MassRealEstate.net & NewHampshireREIA.org. In 1980 I had saved some money after working overseas in a 125F, high humidity country. I figured that if invested, I might be able to retire early and comfortably from this sacrifice. BUT the investments weren't that attractive because of their Downside. A friend had bought Gold at $1650 and it plummeted to $800 something the next week. Stocks can go to Zero and leave you with printed paper. Rental Real Estate could get you into court and you could lose everything "Massachusetts is a Tenant's State!" I was told often.

Back to me and my problem solving as an Engineer. Gold was influenced by it's scarcity and was considered a "Disaster Hedge". War and conflict raised it's value = Hard to Predict! Stocks once were influenced by a companies performance in their market but now seemed to change with Insider moves. If you were in the majority of stock holders "outsiders" you had no chance of predicting performance.

Around 1985 I attended an Investors meeting that eventually disbanded and I began the MassRealEstate.net I can't over emphasize the value of Networking. Every month since then I've learned something very useful to my business/life and I've also given back. Join us and you'll learn the value of that networking. In fact see me when you arrive and I'm glad to guide you to resources or members to help you!

BUT rental Real Estate seemed to have some rules and guidelines and whoever knew them  (Tenants or Landlords) seemed to have the advantage. Like in a Baseball, Football, Soccer, Basketball games, etc Once you start "Playing" you cannot change the rules or referees/Judges.

So how to find these Rules and Guidelines? I began with the 3Day Basic Practice course that MCLE (Mass Continuing Legal Eduction) offered. They'd have the top Practitioners in every field of Law. They'd speak in person. e.g. Volume III Ch 11 Residential Landlord/Tenant Law. Ch 12 Drafting and Negotiating Contracts. Ch 13 Successfully Defending an OUI Case. Ch 14 Demystifying Divorce. Ch 15 Preparing and Trying a Civil Case. Ch 16 Introduction to the Practice of Employment Law. and 10 other Chapters/fields (that was from the 2000 version of Basic Practice).

However something was missing, What happens in reality? Another friend told me of the Dreaded Housing Court. I found the schedule and attended several sessions in Lawrence, Lowell and Salem.

However after those sessions the Clerk of Courts came to see me:

The Judge is wondering what's your case?

I'm just here to observe because I'm thinking of buying Rental property and folks tell me this Housing Court is a Nightmare but it doesn't seem so bad.

The Clerk spoke to the Judge and returned. He wants to see you int he Chamber after this session!

Gulp...

Judge David Kerman (who also set up a website/page to list ALL the Housing Court activity = Priceless to any Landlord) asked me in the chamber to sit and he only had 20 minutes!

90 minutes later we parted amicably and he agreed to speak at our Investor meeting.

Since then, in addition to the Timely topics we offer Contractors, Landlords and Investors we have representation from the Housing Courts each year. This seems to give members more understanding of the Housing Court System in an Non-Adversarial Format - Essential to anyone needing the Rules/Guidelines of Rental Real Estate.

 

 

 

Hey Guys who attended the last meeting June 28, 2022

Good to see you!

2 links I mentioned:

1. iBonds at our US Treasury, Guaranteed by our Taxes and their Printing press. 9.62 beats the 0.5-1.0 CD rates banks are "giving" us). Some restrictions $10k Max per SS, changes to Prime+ after 6 months, 1-30 yrs, etc.

*Links for Members & Attendees email [email protected]

2. Housing Court Look ups, (It's in YOUR best interest to run ANYONE you're renting to, through this Complimentary site)

*Links for Members & Attendees email [email protected]

Important:

At the meeting, you heard me call the Head Judge of our Housing Courts and leave a message. He returned my call the next day and is eager to speak (& listen to us) about our concerns with the Housing Court: July 26, 2022 6:30pm at WorldDepot.com 47 Newbury Street (Route 1 North) Peabody, MA 01960

If there is One meeting that every Landlord with property in Massachusetts must attend, this is it 7/26/22.

Meet the Head of our Massachusetts Housing Courts at a "Non-Adversarial" event.

Learn the Procedures for Successful Housing Court Appearances, the current Disposition of Housing Court Adjudication and Alternatives (Also "self-help" measures that are not only illegal but that could land you in jail and result in forfeiture of your property).

Remember many folks think Mass is a "Tenant Friendly" state BUT that's only if us Landlords don't know the Rules and Procedures!

Attendees will also receive all 5 Documents that are necessary for a Legal tenancy!

See you there, Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

 

Tuesday, June 28, 2022 6:30-9:00pm

WorldDepot.com #47 Newbury Street (Route 1 North just before Sonic Carhop) Peabody, MA 01960

  1. New Member Orientation and Benefits. 6:00pm
  2. Good evening, Marco’s Authentic Italian Restaurante’! 6:30pm
  3. Demand for Construction Appears to be Outpacing Availability of Workers & Materials.
  4. Our bids for Closed Cell: emails, show online!
  5. Five Requirements for Identification of Replacement Property in a 1031 Exchange.
  6. Yardi Says Multifamily Rents Continue to Defy Gravity.
  7. Our Rents: show online!
  8. Life Happens, How You Deal With It Is What Counts.
  9. Redfin Says Homebuyer Migration is at an All-Time High.
  10. For 9 years in a Row Americans Choose Real Estate as Best Investment.
  11. Mortgage Applications Falls to Lowest Level in 22 Years.
  12. Ratios???
  13. Home Prices up 2.6% in April - Top Markets at Risk of Home Price Decline!
  14. Top 10 Zip Codes with Highest Zombie Foreclosures.
  15. America’s Aging Housing Stock.
  16. Inflation Hits New 40-Year High in May.
  17. Insurance costs???
  18. Legislative Update.
  19. The Ultimate Steak Doneness Guide.
  20. MEMBER BENEFITS!
  21. Recap & Adjourn;-) 9:00pm

Freedom isn't Free. Click link below for an appropriate short video for this Memorial Day Weekend May 30, 2022

Freedom isn't Free.

Combating "Transitory" inflation & 5/20 Update

Good morning,

Besides Maxing out Insulation to contain Energy costs and Pressing our material Suppliers, when they say they'll beat a competitors prices, What else are YOU doing?

How you can Max out Insulation, from A-Z! 5/31 meeting.

Pressing Suppliers to beat their competition.

Example, last month:

1/2" Advantex T&G $105 plus tax, Home Depot Salem, MA

$85 Jackson Lumber, Manchester.

Home Depot Manchester beat it at $80 so we purchased $2k worth (of this and competitive CDX sheathing)!

What else are you guys doing to Combat inflation?

Let's network to find out, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com

Weekly update (for more on these articles, you can go to Click here to read more.):

Inflation Up 8.3% Year-Over-Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.3% in April, 2022.

Yardi Says Multifamily Performance Continues to be Stellar

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in April increased $15 to an all-time high of $1,659 (up 14.3% year-over-year).

Housing’s Share of GDP Starts Off Strong in 2022

New data is showing that housing’s share of the U.S. GDP edged higher in Q1, 2022, while overall GDP growth declined at a 1.4% annual rate. The NAHB’s Eye on Housing is reporting that housing’s share of GDP increased to 16.7%, coming off of a 14-year high of 17.8% during Q2, 2020.

FHA Gives Nonprofits & Owner-Occupant Buyers Priority Over Investors

HousingWire is reporting that the FHA is giving nonprofit organizations and owner-occupant buyers first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

Where Homebuyers Want to Live

We’ve had a lot of posts about where people are moving to and from, as well as the reasons why. A recent report at Realtor dot com took a look at search traffic to figure out where people wanted to move to and where they most wanted to leave.

Protecting Yourself from Fraud is This Easy

On a recent episode of the Rent Perfect podcast David Pickron says statistically, fraud is on the rise and landlords, whose information is all over the web and on legal documents, are not immune from its effects. He points out that it’s important to know ways to protect yourself and your information.

Apartment List’s Renter Migration Report for Q1 2022

The other day we saw a report about where homebuyers want to live. Now, we’re looking at where renters are moving to & from. According to Apartment List’s latest Migration Report, migration of renters was impacted by one of the most significant societal shifts brought about by the COVID-19 pandemic – the widespread adoption of remote work that allowed some workers to pursue longer-distance moves.

Always Be on The Lookout for Property

Full-time real estate investors are always looking at any and all possibilities no matter where they go. Keep in mind that you will never go anywhere in the world that real estate is not the biggest product for investment you will find. Done properly, every trip you take is a potential deal just waiting to happen.

U.S. Consumer Debt Approaches $16 Trillion

Infographic: A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $16 trillion. In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007.

I look forward to see you soon!

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Heading deeper into this Recession, what to do? (email that just went out)

Good morning,

As you know Energy prices have increased dramatically with No One making any effort to lower or even stop them.

Problem:

93 octane gasoline was about $2./gallon January 2021, now $4.51 after 5 increases, just in the past week and predicted to be over $6./gallon by mid Summer!

Diesel fuel which powers the trucks that faithfully bring us EVERYTHING  we need, unless you live on a self sustaining Farm and are surround by Manufacturers that can make everything for you from building materials to appliances to clothes. Diesel has gone from $2./gallon to $6.51!!

The increases seem to be X, Y or Z's fault i.e. Putin's fault, Trump's fault, the greedy Energy companies faults, etc

Personally, I see this as a manufactured crises with an insidious goal.

So what to do?

Contact your elected representatives?

Even if they respond, you can expect something like:

"Buy an electric car that doesn't use expensive gasoline!"

or

"It's not my fault, it's X, Y or Z's fault and I'm doing everything I can to stop it!"

Most of the folks this email reaches, are Self Starters: Contractors, Landlords and Investors that usually don't wait for something to happen, you go get it!

Kind of summed up with this advice:

"Don't wait for your Ship to come in, Swim out to it!"

Facts

#2 Heating Oil is at a record $6.51/gallon, same as Diesel fuel with all it's State & Federal road use taxes. Diesel fuel actually is #2 Heating oil! (If you start to run out of Heating oil and call your supplier who can't deliver right away, they'll tell you "Get a gas can and fill it with Diesel, you should be fine, until we get there!) 

#2 produces about 130,000 Btus with a lower heat conversion of about 79% efficient, net 102,700 Btus to heat your home.

Natural gas is still a bargain $2.09/therm* (100,000 Btus) with a higher efficiency in the 90s (net 90,000 Btus to heat your home). Incidentally how long do you think natural gas will be this much lower? Before the suppliers also jack their costs to you up??

Those adjusted factors can help estimate your 2022/23 annual Heating costs:

Natural gas = $1200 -1500/year

#2 Heating oil =  $3600 - $4500/year

Again, so what to do?

Well, Tuesday, May 31, we've got an expert that'll show us how and where to seriously impact these HIGH energy costs in our homes and buildings. Right now, for instance, I'm looking at the highest R-value (R = Resistance, Btu/SF/degree F) insulations R38 versus traditional fiberglas R19.

I look forward to see you at this important meeting DesignGroup47.com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 Tuesday, May 31, 2022 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

*$2.09/therm is based on March 2022 Natural Grid R-3 Res Heating rate. ($327.40/156 therms = $2.098)

Tonight Rents up, Update Asset Pro, Fence & Most Joy$

(voice message that went out yesterday 4/25, 1:11pm)

Good Morning,

There are a few unique challenges for us out there, let's get together and see how we're meeting them.

*Update on Asset Protection?

**Rent Increases?

***What do you do when a Neighbor’s new fence location is in question?

10 Remodeling Projects that bring homeowners the MOST Joy - and Cash.

Tomorrow evening, Tuesday, April 26, 2022 6:30-9pm we’ll cover those problems and more!

I haven’t paid much attention to the Stock Market increases of the past two years which seem automatic and very HIGH! But I am watching those gains erode 2022 YTD

Lincoln’s got some STATs on the Stock Market for us that I’m sure you’ll find interesting! in addition to his Real Estate Market Report!

OK Market up for 2020 & 2021 maybe down in 2022YTD?

So what?

I’m a Real Estate guy and Real Estate is what I watch closely.

But I believe there’s a parallel between the Stock Market and Real Estate, that suggests the insidious nature of market downturns.

Will Real Estate values & Rents flatten out or even slowly drop? Despite what “experts” are saying?

Maybe, Maybe not.

*So tomorrow evening let’s take a look at what we can do as far as Asset Protection with Attorney Jonathan and Equity stripping with Mike M & his mortgage company!

**Next we’ll look at Rents, do you think you’re Low or High. Well think no more, I use 3 methods to determine if I’ve got the right Rent amount for our Tenants and I’m glad to share that with our Members!

1. First is Year over Year difference in Overhead (RE Tax, Insurance & Utilities).

2. And Comparing similar Units and what they’re charging now. There’s some software systems that given a radius to your Units and the Amenities you have will tell you where your rents are in comparison!!!

***Then We’ll be spending a little time on a Case Study we’ve put together on Boundries and Fences. There’s a very easy way to handle this, without alienating all the Parties!

Networking is SO important! I see a lot of you guys out there between our meetings and although we're busy let's make time for a slice of Marco's famous Pizza and share our success! I look forward to seeing you soon, Mike

Mike Hurney, Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Next meeting IN PERSON: Update on Asset Protection? Rent Increases? Fences & Boundries?

& Networking

No Charge to Members, Only $25 for Guests or only $99/year to join.

DesignGroup47.com #47 Newbury Street ( Route 1 North, just before Sonic Carhop) Peabody, MA 01960

Tomorrow Tuesday, April 26 6:30-9pm

PS last month Peter V. won the $50 gift card for Marco's new Restaurante' in Middleton, after correctly guessing the items our Home Inspector challenged us with. This month???

PS Please check that your Membership in MassRealEstate dot net is current, I'm having to renew a couple of folks just to get their Home Depot rewards (significant $) and with expired members I can't get them a check:-(

 

Next meeting Tuesday, April 26, 2022 6:30-9pm!

Asset Protection, Networking & Security 4/26

Good morning,

We're looking forward to see you at our next IN-PERSON meeting Tuesday, April 26, 2022 6:30-9pm where we'll be updating changes in the law for Estate Planning and how they could impact you and your Estate! There may even be changes in your circumstances that need review?

He's back! We're fortunate to have Attorney Jonathan who spoke to us in 2019 and revised Wills, Health Care Proxys and POWs for Robbie and I.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS from Connell, Bedford, NH: Hey Guys, May the blessings of joy, happiness and peace of Easter fill your heart today and every day, Happy Easter!

Weekly Update April 8, 2022

Construction Spending Up 0.5% in February - The U.S. government is reporting that total construction spending in February, 2022 was at a seasonally adjusted annual rate of $1,704.4 billion, which is 0.5% higher than January’s revised estimate and 11.2% higher than one year ago. Click here to read more.

S&P CoreLogic Case-Shiller Index Saw 19.2% Annual Home Price Gain in January ’22 - The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.2% annual gain for January, 2022, another near record high. Click here to read more.

Zumper’s National Rent Report for March ’22 - Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in March, 2022 was $1,400, up 12.2% year-over-year and the median two-bedroom rent was $1,723 up 13.8%, year-over-year. Click here to read more.

Affirmative Defense has Morphed into Pay to Stay - National REIA’s Charles Tassell was a recent guest on the Scott Sloan Show (WLW 700 AM, Cincinnati, Ohio) to discuss the languishing covid impact on housing. In 2021 emergency rental assistance funds began to slowly trickle out of non-profit agencies. Click here to read more.

First-Time Buyers Want Double Sinks & Pantries in the Kitchen - The NAHB’s Eye on Housing says first-time home buyers want double sinks and pantries in the kitchen as the most popular of 30 kitchen features listed in the recent What Home Buyers Really Want study. Click here to read more.

Ohio Civil Rights Commission Handed Defeat in Tenant vs. Landlord Case - Landlords take notice; A prominent Ohio law firm recently obtained a unanimous jury verdict (8-0) to defeat a case of claimed retaliation in response to a tenant’s claimed request for a disability accommodation that was met with a non-renewal of a residential lease. Click here to read more.

Businesses are Relocating to the South - We have seen the posts about Americans moving at a rapid pace to areas in the South & West that have better all-around climates. A new report from FOX Business says the “Sun Belt” is becoming a hot spot for business relocation. Click here to red more.

FHFA Says Home Prices Up 1.6%, Up 18.2% Year-Over-Year - According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.6% in January, 2022 and were up 18.2% from one year ago. Click here to read more.

Crude Oil Pipelines and Refineries in the U.S. & Canada - Infographic: Today’s infographic from the Visual Capitalist reminds us that pipelines are the primary method of transporting & delivering crude oil and its derivative products swiftly to refineries and businesses. Interestingly, the U.S. & Canada alone are home to more than 90k miles of crude oil and petroleum product pipelines (enough to go around the Earth 3x). Click here to read more.

Hot market seems to continue  - 4/8/22 Peabody

Active - Single Family Listings: 11 Avg. Liv. Area SqFt: 2135.27 Avg. List $: $671,591 Avg. List $/SqFt: $329 Avg. DOM: 15.45

Sold - Single Family Listings: 51 Avg. Liv. Area SqFt: 1776.24 Avg. List $: $571,728 Avg. List $/SqFt: $344 Avg. DOM: 23.98 Avg. DTO: 15.33 Avg. Sale $: $601,415 Avg. Sale $/SqFt: $363

Recommended by Troy - A great book is called "Give and Take: A Revolutionary Approach to Success" by Adam Grant. It focuses on how success is increasingly dependent on how we interact with others?

***********

April 4, 2022 Weekly Update

Pending Home Sales Dip 4.1% in February

The National Association of Realtors is reporting that pending home sales were down 4.1% in February, 2022. Click here to read more.

How Home Depot Cracked the Home Professional Market

A recent video story in the Wall Street Journal’s The Economics of…” highlighted how Home Depot has become the dominant player in home improvement by catering to its professional customers.

Treasury Says Most Rental Aid will be Exhausted by Mid-Year

Reuters is reporting that the U.S. Treasury Department said on the $46.6 billion rental assistance program has disbursed/obligated over $30 billion to renters & landlords through the end of February, 2022. Click here to read more.

New Home Sales Down 2% in February

The U.S. Government is reporting that sales of new single-family houses in February, 2022 were at a seasonally adjusted annual rate of 772k, which is 2% lower than January and is 6.2% lower than one year ago. Click here to read more.

Building Material Prices Up 31.3% Since January 2020

The NAHB’s Eye on Housing says the prices of goods used in residential construction (excluding energy) rose 1.6% in February, according to data from the Bureau of Labor Statistics. Click here to read more.

Single-Family Rent Price Growth Hits Record High

According to CoreLogic’s latest Single-Family Rent Index (SFRI), U.S. single-family rent prices started 2022 strong, increasing 12.6% year over year in January compared to 3.9% in January 2021. Click here to read more

Who Should You Listen To, and Should You Believe Them?

The Chicago Creative Investors Association’s Jane Garvey says real estate investing is a complex business with many moving parts. The intricacies of the various businesses under this umbrella description vary from state to state, town to town, subdivision to subdivision, and even building to building. The requirements change by the day as people in regulatory positions feel the need to add restrictions via laws and mandates. Click here to read more.

Personal Income by State

According to recent data from the U.S. Department of Commerce’s Bureau of Economic Analysis, overall state personal income increased 7.4% in 2021 after a 6.6% increase in 2020. Click here to read more.

Which Counties are Growing in America?

Infographic: We post a lot about where people are moving to and from. Today’s infographic from the U.S. Census Bureau takes a look at the percentage change in population for all U.S. counties from 2020-21. Click here to read more.

(4:16pm Friday) Good afternoon,

It's about time for our Networking, I see a lot of you guys out there between our meetings and although we're busy we can always make time for a slice of Marco's famous Pizza and share our success! I look forward to see you soon, Mike

Mike Hurney, Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

Next meeting IN PERSON: Home Inspectors, Lead Inspector, Locks & Security, Rental Assistance Form & Networking Tuesday, March 29 6:30-9pm  No Charge to Members, Only $25 for Guests or only $99/year to join.

DesignGroup47.com #47 Newbury Street ( Route 1 North, just before Sonic Carhop) Peabody, MA 01960

Weekly Update 3/25/2022

1. Existing Home Sales Down 7.2% in February - The National Association of Realtors is reporting that existing home sales were down 7.2% in February to a seasonally-adjusted annual rate of 6.02 million (down 2.4% from one year ago). Click here to read more.

2. Housing Starts Up 22.3% Year-Over-Year - The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, which is 6.8% higher than January’s revised number and 22.3% higher than one year ago. Click here to read more.

3. Metros with the Cheapest Homes for Sale - There are still areas across the country where a good deal on a home can be found. It doesn’t mean the house is any less desirable than in a more expensive market, it simply means that there are places with moderate costs of living where prices are more reasonable. Click here to read more.

4. Yardi Says Multifamily Rent Gains Solid as Occupancy Rises - According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in February increased $10 to $1,628 (up 15.4% year-over-year). Click here to read more.

5. Local Market Monitor’s National Economic Outlook for March ’22 - Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.

6. Mortgage Applications Take a Plunge with Surging Interest Rates - CNBC’s Diana Olick says rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand. Click here to read more.

7. This One Thing Makes Being a Landlord Easier - On a recent episode of the Rent Perfect podcast David Pickron says the on-boarding process can be tedious, making you prone to committing mistakes. Click here to read more.

8. Ten Features that Sell Homes for More than Expected - According to Zillow’s 2022 Home Features That Sell report, listings that feature amenities associated with energy efficiency and sustainability can help a home sell faster. Click here to read more.

9. 10 Real Estate Calculations Every Investor Should Know - Infographic: Fortune builders says there are several must-know numbers and calculations if you ever hope to analyze investment properties effectively. So, what are the 10 calculations every real estate investor ought to know? Click here to read more.

 

Weekly Update 3/18/22

Are we in a long-term housing shortage situation? Realtor.com’s Chief Economist, Danielle Hale, thinks that’s the case as part of her recent interview about what’s likely to happen in the housing & mortgage markets in 2022. Click here to read more.

Inflation Continues its 40-Year HighThe U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index was up 7.9% for the 12 months ending in February, continuing a 40-year high streak. Click here to read more.

Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase.Black Knight’s Mortgage Monitor Report for January, 2022 says that despite a more than 7x increase, January’s foreclosure starts remained more than 20% below pre-pandemic levels. Click here to read more.

How Much Do You Need to Be Rich in 50 Major U.S. Cities?How much income do you need to considered “rich” in the 50 biggest U.S. cities? That’s the question the folks over at GOBankingRates put pen to paper to find out. Click here to read more.

Top 20 Cities for Generation Z Renters.Rentcafe says Generation Z was only the generation to record an increase in renting activity in the past year, up by 21% and representing over a quarter of lease applications nationwide. Click here to read more.

How the Pandemic Has Rocked the U.S. Housing Market.It has been just over two years since the Coronavirus pandemic was officially declared. A recent report from Redfin takes a look at how drastically the housing market changed since that moment in time. Click here to read more.

Top 20 Metros Where Job Growth is Outpacing New Housing Supply. A new report from Roofstock reveals the top 20 metros where job growth is outpacing the supply of new housing.  They say in a normal market, there’s typically a six-month supply of houses. Click here to read more.

Spring is Here – Time to Take Care of that Lawn!. Infographic: This Sunday, March 20th, is the first day of Spring! That means now is a great time to start thinking about your property’s landscaping. Whether it’s a rental or that new flip, a good-looking lawn will certainly add value and improve its curb appeal! Click here to read more.

Next meeting IN PERSON: Home Inspectors, Locks & Security, Rental Assistance Form & Networking Tuesday, March 29 6:30-9pm

@ DesignGroup47.com #47 Newbury Street (Route 1 North) Peabody MA 01960 No charge to Members, Only $25 for Guests or $99/year to join.

3/11/22 Weekly Update & Links

1.Construction Spending Up 1.3% in January

The U.S. government is reporting that total construction spending in January, 2022 was at a seasonally adjusted annual rate of $1,677.2 billion, which is up 1.3% from December’s revised estimate. Click here to read more.

2.Buying Versus Renting in America’s Largest Cities

On a recent episode of Real Estate News for Investors, Kathy Fettke says rents are not just making a rebound after a dip during the pandemic, they’re blowing right past the monthly cost of buying a home in more than half of the largest housing markets. Click here to read more.

3.Zombie Properties Down in Q1 as Foreclosure Activity Rises

According to the ATTOM Data’s Q1 2022 Vacant Property and Zombie Foreclosure Report, there were 1.4 million residential properties in the U.S. sitting vacant, representing 1.4%, or one in 73 homes, across the nation. Click here to read more.

4.Construction Industry Adds 60k Jobs in February

According to recent data from the Associated General Contractors of America, construction employment increased by 60k jobs between January and February, 2022, marking the steepest pace in nearly 40 years. Click here to read more.

5.The Typical Home Changes Hands Every 13.2 Years

Redfin says that after steadily rising for a decade, homeowner tenure flattened near its peak in 2021. They point out that in 2021, the typical American homeowner had spent around 13.2 years in their home. Click here to read more.

6.Federal Judge Blocks Oregon’s Ban on Real Estate Love Letters

In early March, a federal judge blocked implementation of a new Oregon law that effectively banned personal letters (aka Love Letters) written by prospective homebuyers to sellers. Click here to read more.

7.You Need to be Marketing

Daniel Hart says full-time investors don’t just spend more time investing, they also take a different approach, in that they treat it as a business. Real estate is actually a people business, that happens to involve houses, so full-time investors know they need to be working with people to create deals, not just browsing listings, or looking at wholesaler emails that pass by. Click here to read more.

8.Oil Prices Surge to Highest Point in 14 Years

Infographic: Just a few years ago, America was a net exporter of oil and had achieved energy independence. However, times have changed and since 2020 the world has seen a steady climb in the price of a barrel of oil as America cut its production. Click here to read more.

 

2/25/22 7:13pm Email sent.WANTED Essex County Landlord wishing to Increase Rental Income!

Good evening, 1. At our last Zoom meeting Tuesday 2/22/22 (next Monthly meeting Tuesday 3/29/22 is LIVE). LiAnn showed us how her company has increased Rents much higher than the Landlords thought possible, even doubling them or higher in some cases. Just about everyone at the meeting was impressed, especially with her Case Studies that showed actual Properties, Addresses & Pro Formas of what she's been able to achieve!

She's offering a Site Visit & Analysis to the first 5 Landlords with Rentals in Essex County that contact her!

LiAnn DiMare [email protected]

2. Housing Starts Down 4.1% in January

The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000, which is 4.1% lower than December’s revised number and 0.8% higher than one year ago. Click here to read more.

3. Existing Home Sales Up 6.7% in January

The National Association of Realtors is reporting that existing home sales were up 6.7% in January to a seasonally-adjusted annual rate of 6.50 million (down 2.3% from one year ago). Click here to read more.

4. Higher Lumber Prices Add Nearly $19k to the Cost of a New Home

We continue to post about rising lumber prices and their impact on the housing industry. In a recent report, CNBC’s Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it’s disrupting the housing market. Click here to read more.

5. More Than a Third Of Americans Rent a Self Storage Unit

Storagecafe says self storage has seen tremendous growth recently. In fact, according to their recent analysis roughly 38% of Americans use self storage, with General X and Baby Boomers leading the way. Click here to read more.

6. Foreclosure Rates Remain at Historic Lows

According to the latest CoreLogic Loan Performance Insights Report, in November 2021, 3.6% of mortgages were delinquent by at least 30 days or more including those in foreclosure. Click here to read more.

7. The Good, The Bad, And the Ugly of Mobile Home Park Investing

Frank Rolfe says most Americans only know about “trailer parks” based on what they see on television or the movies. The problem is that if we only relied on the entertainment industry for our investment facts then we would all bet our money on things that Hollywood cherishes, like stocks of companies that manufacture evening gowns. Click here to read more.

8. Real Estate Underground Interview with CTREIA Founder

On a recent episode of Real Estate Underground (Connecticut REIA’s new podcast), host Ed Matthews talks with CTREIA co-founder Linda Baumgarten about her experience & expertise to thousands of real estate investors over the past 15+ years. Click here to read more.

9. FHFA House Price Index Says Prices Rose 17.5% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 17.5% from Q4 2020 to Q4 2021. Click here to read more.

10. Top 10 U.S. Ski Resort Real Estate Markets

Infographic: Have you ever wondered if you could afford to buy a home in a resort town and whether that investment would pay off? Today’s infographic from ATTOM shows the results of a recent analysis where they reveal the top 10 ski resort markets in the U.S. Click here to read more.

I look forward to see you soon, Mike Hurney Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS I'll be calling Everyone who's expired in the last year, sometimes we just forget or miss an email. I do not want to see you guys miss any Cash Backs from our great Vendor Members!

Update & Zoom 2/22 Short Term, IRAs & your Network

2/18/22

Inflation at 40-Year High

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022. However, the all-items index was up 7.5% for the 12 months ending in January.

Yardi Says Rents Rose Moderately in January

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in January increased $8 to $1,604 (up 13.9% year-over-year). Yardi says January’s performance

is a sign that demand remains robust.

America’s Best Cities for Dating 2022

This week saw Valentine’s Day come & go. The folks over at Apartment List took a deep-dive into data from dating site Bumble to come up with the best cities in America for dating.

Cincinnati

Boston :-0

Houston

San Diego

Austin

Detroit

DC

San Antonio

Miami

Dallas

Local Market Monitor’s National Economic Outlook for February ’22

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy.

Nearly One-Third of Houses for Sale Are New Construction

A new report from Redfin says the share of newly built single-family homes on the market at the end of 2021 was at a record high as builders try to keep up with surging demand.

CoreLogic Says Annual Home Price Appreciation Up 18.5% in December

According to the latest CoreLogic Home Price Index, price appreciation averaged 15% for 2021, up from 2020’s full year average of 6%.

Who Were REO Auction Buyers in 2021?

Auction.com says most REO auction buyers in 2021 were owner-occupants or local community developers. Of those buyers, 99% purchased five or fewer properties with 74% of those properties being located within 100 miles of where they live.

Apartment List’s National Rent Report February ’22

Apartment List says rent growth has cooled substantially from last year’s peak with year-over-year rent growth currently standing at a record-setting 17.8%. However, over the past four months, rents only increased by a total of just 0.9%.

Metro Areas with the Largest Gains in Existing Single-Family Home Prices in Q4 ’21

Infographic: What are the metro areas seeing the largest percent gain in single-family home prices?  Today’s graphic from the NAR shows identifies the top 10 cities with the biggest gains.

  1. Punta Gorda, FL
  2. Ocala, FL
  3. Austin/Round Rock, TX
  4. Phoenix/Mesa/Scottsdale, AZ
  5. Sherman/Denison, TX
  6. Tucson, AZ
  7. Las Vegas/Henderson/Paradise, NV
  8. Ogden/Clearfield, UT
  9. Salt Lake City, UT
  10. 10. Boise City/Nampa, ID

I look forward to see you soon! Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS Anyone having trouble with the Home Depot Military Discount App? Killing me:-( Since 1/7...

PPS See you 2/22 LiAnn's insight to Vacasa:-( her iTrip is cranking. IRA rules & regs NOT to mess up on!!! Networking, what are YOU up to?? Don't forget your Home Depot account, you've got to stay current with MassRealEstate.net / NewHampshireREIA.org

 

 

 

Email that just went out 1/21/22 7:28pm I hope you guys are Safe and Healthy! Mike

I look forward to see you on our next ZOOM meeting 1/25/22 6:30-9pm

We'll have David THE 1031 Exchange EXPERT, in case you've forgotten this important Investor Tool. Then WHO doesn't want a Complementary Energy Audit? Especially with RISING Energy prices! Electricians & Electrical Contractors you may want to check out the 300# gorilla that's taking over the Electrical Parts business - ESCCTR.net Matt'll tell us all about it!

Weekly Update::

Inflation at Highest Level Since 1982

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.5% in December, 2021. Is anyone doing anything to curb this out of control Inflation? Mike

Local Market Monitor’s National Economic Outlook for January 2022

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. some sectors of the economy – notably healthcare and government – apparently have lost a large number of jobs for good; half a million in healthcare, a million in government. There’s been no improvement in these sectors in the past year, so we must consider the current status their new baseline. And even though a lot of jobs have returned in the restaurant business, the half million still missing probably won’t be back in 2022.

Jobs in construction and retail are back to the pre-pandemic level but it doesn’t look like they’ll increase much in the next year. It’s mainly in the large business services sector and smaller ones like finance, transport and warehousing that jobs are now at a higher level.

The gains in two business services give a clue to how the economy may grow in 2022. It’s not a surprise that jobs in computer systems design are again rapidly increasing; that was a trend well before the pandemic. More intriguing is the recent recovery of jobs supplied by temp agencies; it may just be the usual seasonal hiring before Christmas, or it may indicate the extent to which more people and businesses now want temporary work and workers as a response to the pandemic. Possibly a bit of each, but if temporary work – much of it remote – grows rapidly in 2022 it will have lasting effects on real estate markets.

Meanwhile, let’s not forget the home price surge. New data next month will tell if it’s building or fading, which will have a big impact on real estate investors.

Mortgage Rates Rise Significantly

According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows rates on types of loans have been rising with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from the prior week. I saw an increase from 3.22% to 3.45% on the 30 fixed and They claim the Fed is proposing 4 increases this but Goldman Sax said it will take 9. This is significant! Mike

United Van Lines Says Americans are on the Move to Lower-Density Areas

According to United Van Lines 45th Annual National Movers Study, Americans were on the move to lower-density areas and to be closer to their families throughout 2021.

United’s Top Inbound States:

  1. Vermont
  2. South Dakota
  3. South Carolina
  4. West Virginia
  5. Florida
  6. Alabama
  7. Tennessee
  8. Oregon
  9. Idaho
  10. Rhode Island

United’s Top Outbound States

  1. New Jersey
  2. Illinois
  3. New York
  4. Connecticut
  5. California
  6. Michigan
  7. Massachusetts
  8. Louisiana
  9. Ohio
  10. Nebraska I don’t think anyone is surprised at these Inbound or Outbound states. Mike

Single-Family Rental Industry Ended 2021 on a High Note for Landlords

The venerable John Burns Real Estate Consulting recently shared their thoughts on what 2022 will bring to the rental and housing industry.

  • Las Vegas (+10% YOY)
  • Charlotte (+10% YOY)
  • Atlanta (+10% YOY)
  • Phoenix (+12% YOY) all the places we’re considering, especially Florida! Mike

Emergency Rental Assistance Funds Spent Through November

A recent update from the U.S. Department of Treasury says $10.4 billion of ERA1 funding and $18.7 billion of ERA2 funding remains unspent. Reportedly, through November 2021, ERA1’s cumulative expenditures were $14.6 billion, 58% of the total amount available, of which $13.6 billion has provided rent or utility assistance to households. There are huge opportunities available for your Tenants (with your help of course) rather than consider evictions and Housing Court! Mike

Your Short-Term Rentals Can Generate 6x Gains

David Pickron says rarely in life can the quick version of anything ever compete with the more time intensive “real deal.” Think of any instant food and you will quickly realize that I’m telling the truth. The same had held true for Real Estate investments for at least the last century… but times, they are a changin’. As you look at your portfolio it may be time to consider transitioning some of your long-term holdings into short-term rentals. I’ve got a little experience in Rentals or AirBnB, Verbo, etc The biggest problem you’ll have is if you do not treat the rentals as a FULL time Job with you available 24/7 Mike

Sawmill Output Continues to Hamper Home Construction

A recent report from the NAHB’s Eye on Housing says that the failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand has been a primary factor in the recent record-high lumber prices and volatility in 2021. This seems difficult to believe that record high prices can’t increase production. Mike

Visualizing the $94 Trillion World Economy

Infographic: The Visual Capitalist says just 4 countries (the US, China, Japan, and Germany) make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. Interestingly they point out that the GDP of the U.S. alone is greater than the combined GDP of 170 countries.

Personally I’d like to see the amount of debt these Countries are carrying. I just heard that the USA has $29 Trillion in Debt while China has $126 Trillion in positive cash :-0 Mike

Again, I look forward to see you 1/25/22 on Zoom 6:30-9pm!

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 019454

 

Networking, Deal Analyzer & Insurance

Tuesday, December 28, 2021 6:30-9pm Zoom online!

Email that went out 9:03am

Good morning,

I look forward to see you this evening

Important Insurance info! Deal Calculator & Haves & Wants.

Mike Hurney is inviting you to a scheduled Zoom meeting.

Topic: Networking, Deal Calculator & THE Correct Insurance - Monthly MA/NH meeting

Time: Tuesday, Dec 28, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting

https://us02web.zoom.us/j/88028942843?pwd=TnFFNVFGMlBKWjBjUVFZTW1teEtGQT09

Meeting ID: 880 2894 2843

Passcode: 007361

Once a year I try to consolidate all my Property insurance for updated quotes. This seems to pay off sometimes.

First, the “Dec” pages are the Summaries of coverage i.e. Deductible $250. Personal Liability $200,000. Which I was able to change to $1000. Deductible and $1,000,000. Personal Liability, For the SAME premium price!

Next, I remove the amount I’m paying when I send these out for a quote, so the agent doesn’t Low-ball us for the first year.

However

We’ve been disappointed the last few times:

Even more recently Matt read the polices wrong trying to disparage a current carrier.

Thomas was higher for all properties but he did encourage us to get a policy on vacant land.

Salem savings was higher on all properties but said they could cover almost all of them, being a single source:-0

Liberty Mutual redlined everything in Marblehead because of the Harvard study on eminent Hurricanes (flood zone:-(

MetLife will only cover an Owner Occupied and 4 others.

So

When I read a strategy some of my friends have (not Self-Insurance) but a Commercial policy, I thought it may be time to review that option.

This evening, December 28, 2021 6:30 -9pm Jim will have an analysis of that Commercial option with my coverage. Making sure we've got ”Rental Reimbursement” which our buddy Steve said, saved him over $90,000. in reimbursement not too long ago!

& a Review for Contractors Insurance:

What coverage do you have?
Do you use a Standard Contract? Which is  enforceable?

We’re ALL very busy, so you may want to take a few minutes for THIS short review, This evening.

Also

There are 4 ways I’ve used to quickly analyze properties to Purchase. I’ll review those AND John’s Deal Analyzer which is in our Members section of MassRealEstate.net

Very Often folks ask me for a "Hard Money" Lender to finance one of their "Killer" Deals. When I send them to a members website and they input their data, the Lender calls and tells them: "NO, I can't Lend on that!"

Then they ask me for another Lender and another Lender. Completely missing the Point!

Wouldn't you like to know in 5 minutes, Upfront, whether You have a Killer Deal and whether you could Finance it?

John will go through his easy to use Deal Analyzer with us, so you'll know the answers to those 2 important questions on this Zoom call

Finally

Haves and Wants, There are always moving parts in any deal. Sometimes we Underestimate them, Some times we Overestimate them. This’ll be your chance to share either, with your fellow Investors/Landlords/Contractors!

I look forward to see you on Zoom, this evening.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS Glad we took Housing Court Judge Tim Sullivan’s advice for checking on a Tenant!

PPS All you Members of the Military, Veterans & Spouses, have you filled out the new HomeDepot.com/military/ form for your 10% discount? Pain in the butt but it’s a Must-Have starting 1/1/2022

On 11/04/2021 12:33 PM Mass Real Estate - Mike Hurney <[email protected]>

 

Tuesday, November 30 Networking 6:30-9pm Networking!

On 11/04/2021 12:33 PM Mass Real Estate - Mike Hurney <[email protected]> wrote:

Good afternoon,

1. Which of the (9) Toilets, priced between $179.- $600. would you purchase for a Buy-FixUp-Sell house? which for an Owner Occupied home?

2. When buying Carpet, Home Depot stocks (396 ranging in price between $1/sf and $5/sf)? And when do you NEVER buy padding with it?

3. Which type of Smoke Detector is Approved and which is Dangerous (Ionization vs Photo Electric)?

4. Which of the (16) different kitchen faucets (priced from $99. to $650.) will outlive you? Which need the 30/30 Guarantee?

Folks it's not always the least expensive.

This next Saturday November 6, from 5-7pm we'll tour the Top Home Depot Store in our area with Manager Kyle (who's spoken to us, at our meetings;-). We'll also be guided by One of the Most Successful Rehabbers in the USA.

We'll learn How and Why to select:

* Which flooring: wood, laminate, vinyl, porcelain, ceramic or epoxy (98 in stock at Home Depot $1.69 - 42.29/SF)

* Carpet? Texture, Pattern, Berber weave? (396 in stock $1-$5/SF).

* Cabinets? (696 available? $93-$253.)

*Roofing shingles? (11 in stock today $34-$79.60/bundle) What's a bundle cover? what's a Square? (Square is 100SF Measurement by Roofers) How many Bundles per "Square" (some are 3, some 4 :-0) Also Venting? & Underlayment??

* Which of (16) Faucets & (9) Toilets mentioned above??

********** This Saturday 5pm we'll meet at a Kelly's Roast Beef for a wrap (Buffalo Chicken, Roast Beef, Veggie, or Turkey)  and soft drinks on Me! Then The very Successful Rehabber will provide orientation while we dine, then accompany us to help pick the Best items for our projects with Kyle the Store manager!

No charge to Members, only $25/guests or only $99/year to join.

You can Email me, [email protected] for the location we're selecting, for refreshments and the Home Depot store location!

I look forward to see you soon! Mike Hurney, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Please check that your Membership is current with us & your CCs are up to date, in your Home Depot accounts. This week I straightened out a "Stale Dated" rebate check for $2800 for a member and confirmed there is NO ceiling on the 2%cashback for a Big builder.

Tony Youngs is coming back to MassRealEstate.net & NewHampshireREIA.org from November 6 - 8 for a 3-Day Bootcamp where he will bring his home study system to life by taking you personally through each step...

 

Save the date for Tony - Tuesday October 26, 2021 6:30-9pm & November 6,7 & 8, 2021 9-5pm!

I look forward to see you soon, Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org POP Box 307, Marblehead, MA 01945

You're welcome to Join us at MassRealEstate.net & NewHampshireREIA.org for Only $99/year and receive all Home Depot Benefits: 2% CashBack on ALL Purchases, 20% off ALL Liquid paint, at the cash register checkout, Access to the Bid Room with purchases over $1500. (usually 7-50% off) and a special Appliance catalogue.

 

Good morning,

Quick Quiz - How do you learn? Let me count the ways

1. Just read a book.

2. Ask your friends.

3. Google.

4. You Tube.

5. Nike "Just Do It!"

6. Meet with a Super Successful Investor, Tuesday, September 28, 2021 5:30-7pm in Marblehead and Listen to them!

Kind of obvious, so I look forward to see you tomorrow evening at Meet The Builder, who'll pull back the curtain on this 20 unit Home Run in Marblehead (think West Shore Drive area), we'll send the exact address tomorrow morning because it's an Active, actually very Active construction site with half the units Sold and the last few in various stages of completion!).

I'm planning on seeing you folks tomorrow at 5:30pm, refreshments served, No charge to Members, Only $99/year to join or only $25 for this meeting.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS How are you guys doing on Appliances? The three DishWashers we need seem to be lost. As my father used to tell me

"To Avoid Disappointment, Always Have an Alternative!" Ya but the alternatives are the High End models:-(

Let me know the solutions you guys are coming up with? like on the GDF530PSMSS

& Home Depot says Stainless is out and Black Stainless is in what do you think???

Last month August 31, 2021 5:30-8pm, Mike D's Project:

97 N Main St 8/31 Meeting Middleton, MA 01949

We were very fortunate to have our monthly meeting at a Killer Project that Mike D has put together

Even better, he agreed to meet with us and disclose Everything from How he found this deal and partners? What happened with Permits? How the Construction costs changed, especially materials?

By the way, I’ll share Home Depots secret on how to get THE best prices!

How Mike chose a particular design?

And how he’s been marketing the project (15 Brand New units retailing at $700-900k) but, of course there are only 3 left!

Marco’s Restaurante #2 is just up the street in Middleton and he’s always glad to provide his Special Pizzas for us his Friends!

I look forward to see you This evening 5:30-8pm No charge to Members, Only $25/guests OR Only $99/year to join!

IF a Hurricane is Coming:
Are You Ready?

To-Dos for Before and After

Before The Storm

  • If you have time, photograph the interior and exterior of the your building, as well as your contents. This will help you show what your property looked like before the hurricane.
    Take precautions to protect your property. Visit https://www.ready.gov/hurricanes for a list of things you should do to prepare.
    If an evacuation order has been issued, please do what you have been instructed in to do. Once the storm has hit, it is even more dangerous for you to attempt to evacuate. You also put the lives of the first responders unnecessarily at risk.

After The Storm

If you have flood insurance, you will need to prove your loss to the adjuster representing FEMA (Federal Emergency Management Agency). If not, you may be able to obtain some FEMA benefits and/or deduct your loss on your taxes (consult with your accountant to make sure). Regardless of whether or not you have flood insurance, you should follow these steps.

  • Report the damage and loss of contents to your insurance company and/or your insurance agent. You are required to do this under the provisions of your insurance policy.
  • Make sure the building is structurally safe before entering or beginning any repairs.
  • Photograph the damage immediately after the storm and only when it is safe to do so. Hurricanes can produce water damage and wind damage. Take a lot of photos – at least four per room. Photograph the water level to illustrate the extent of the damage. Place a yardstick against a wall to show the height of the water. (Tip: Photos are better than videos. They show more detail and can easily be included in a report.) Give your insurance company’s adjuster printed copies as well as electronic copies of all photos so he/she can include them in his/her report to substantiate the damage.
  • Board up and protect your property from further damage and/or theft.
  • Obtain estimates from contractors to present to your insurance company’s adjuster—someone your insurance company has hired to assess the damage. It is best to be proactive to ensure that you receive a satisfactory settlement.
  • Download the National Flood Insurance Program Adjuster Claims Manual from the FEMA website so that you understand what is and is not covered. Be sure to show all covered items to the adjuster. They are busy folks and it pays to make sure they see all the covered damage during the visit.

 

If you have flood insurance for your personal property (contents), unless it is necessary, don’t throw anything out until the adjuster sees it. Then, don’t throw it out until you have agreed on a price. (Keep the contents in the back yard under a tarp, if necessary until the claim is settled.) If items are perishable and have to be discarded, photograph them in detail (front, back, etc.) including close-ups of serial and model numbers. Make a list of all the damaged items: description, quantity, age, replacement cost.

You must file a “Proof of Loss”, a document stating the amount of your loss, within 60-days after the loss. The adjuster may help you fill it out, but you are responsible to meet that deadline, unless the government extends it.

  • Keep all the receipts for all the work done at your property after the hurricane. Try to find receipts for purchases made before the flood. This will be helpful, although is not necessary to prove your claim.
  • Beware of contractors urging you to sign a contract (other than emergency services) before you have agreed with FEMA or your insurance company on a loss settlement. Note that the adjuster’s offer is not valid until it has been approved by FEMA.
  • Businesses can obtain insurance with coverage in excess of the FEMA program. Such policies can cover items that the FEMA policy doesn’t, such as Business Interruption and/or have higher limits that are provided in the FEMA policy.
  • You have the right to dispute the adjuster’s estimate in an arbitration hearing. You also have the right to sue within a year.

If this seems overwhelming, you could consider hiring a Public Adjuster, a professional who will represent your interests in this process. A Public Adjuster is paid a percentage of the claim and does not charge any money until you are paid. A good Public Adjuster will more than earn his/her fee by obtaining payments far in excess of what you would receive on your own and ensure that you receive everything you are entitled to. A Public Adjuster is different from your insurance company’s adjuster in that they work for you, not the insurance company.

Let’s Discuss Your Claim

We work very hard for you, to ensure the most complete and detailed claim, and the largest settlement for your loss. Here’s more information, about how we work.

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Copyright (C) 2021 Professional Loss Adjusters, Inc.. All rights reserved.

 

 

One of our long time Members (and famous Real Estate Brokers) Carl, won the Door Prize  - a Brand New 4 Burner, propane, BBQ grille donated by our partners at Home Depot!!!

Steve and his 2 gallons of their Brand New product, "Dynasty" paint from Home Depot (2nd prize)

***NEXT MEETING - Tuesday, July 27, 2021 6:30-9pm  IN-PERSON:          

Home Depot ASM Kyle and Frantz

shown here with Mike Hurney!

Door Prize - "Home Depot 4 Burner BBQ"

and 2nd prize Behrs Newest Super Paint  - Dynasty 2 gallons!

Voice Mail that went out this morning:

Good morning,

Our next meeting is tomorrow evening Tuesday, July 27, 2021 6:30-9pm

This is especially important, because it’s our first IN-PERSON meeting since we were hit with the Pandemic over a year and a half ago.

Our Governor Baker has lifted all restrictions since May 30, 2021 and you guys have been clamoring for the popular in person networking.

Zoom was fine but let’s get back together.

I’ll guarantee your work or projects will be doing better after tomorrow evening, if you decide to use the valuable information you’ll receive!

We’ve invited our most popular speakers to set up small groups for discussions, then every 15-20 minutes you’re invited to move to the next expert.

Marco’s firing up his Pizza oven for us and Peter our Host will share his latest top of the line - Kitchens, Baths & Flooring!

We’ll hear from the Top Real Estate Broker

Finance Guy

Contractors Steve and Rich

Big Time Investors Mike and Mark could be there.

Asset Protection Attorney Jon

Closing Attorneys David and Robert

Staging, Home Inspector & Smoke Guy are Maybes…

& the Junk Yard Dog of Eviction Attorneys Rick!

And of Course YOU

We’ll also be able to look at the Latest Listing Systems for your new Leads

And a Review of the Generous Home Depot Benefits our Members receive!

It’s ironic that some folks were hard hit but others have Cranked up their Businesses, Helped others and THRIVED! You’ll see Who and How!

DesignGroup47.com

47 Newbury Street, Route 1 North, Peabody, MA 01960 just before Sonic Carhop

No Charge to Members, You are welcome to Bring a Guest at No Charge (Only to this meeting), All Others Only $25/meeting and Only $99/year to join!

I look forward to see you there, Mike Hurney, Director!

Home Depot Benefits!

When you "JOIN NOW" (button above) or RENEW for only $99/year!

* 2% Rebate Program - (Above all other discounts that you are already receiving from the Home Depot.)

* 20% off Paint at the check out register.

* Up to 25% discount on the selected Appliances, you need!

* Access to the "Bid Room" on purchases of over $1500 (usually 7-50% off)

***1. Meeting 7/29, 2. Peter's Flooring Specials, 3. Water damage.

1. Tuesday, July 29, 2021 we'll return to an IN-PERSON meeting at Peter's DesignGroup47.com 47 Newbury Street, Peabody, MA 01960

We're using the format from our highest attended and rated, meeting 2 years ago - Local Experts! We'll identify several different EXPERTS from our membership that'll share their Expertise with us. 15 minutes later, you move to the next table, etc.

Real Estate Brokers

Home Inspectors

Finance guys

Contractors

Insurance Loss Adjusters

Asset Protection Attorneys

RE Closing Attorneys

Peter's special pricing top quality Flooring!

Stagers

Eviction Attorneys.

and YOU!

Also Refreshments & Home Depot!

If you need help with something, even ideas, don't miss this! If you're a Know-it-All, how about sharing some success or just networking. Don't forget, "No one wo/man can do it All!"

We've missed you during this Kung Flu Epidemic, although I've gotten together with many of you guys. And we may not even recognize each other;-) so we've got name tags.

2. Peter, our host, has great Flooring Specials, give him a quick call... 617-293-8397

Vinyl: Cali bamboo Spc 20mm, 3 colors in stock $2.19, Engineered 7 1/2" walnut $4.35, Tile in Stock 6x18 subway $1.89 and plenty more!

3. Water Damage? What did we get last week, 5 inches of rain from the Hurricane Elsa remnants and a Nor'easter? Be careful about filing a claim... You may not want your first call to be to your insurance companies recorded line…you might not be covered for groundwater and only rain water, which they’ll then list on YOUR dreaded CLUE Report!

Len Theran's the man at Professional Loss Adjusters to call first [email protected], 617-610-3392, [email protected]

There's also a couple of things YOU can do to mitigate basement flooding from our Expert Plumber -

"A. Downspouts should empty to at least 3’ from your house or the soil should be pitched to convey that water away.
B. The soil around your foundation should be solid and direct that rain water away. All too often there’s a build up of leaves against the foundation that absorbs the water and passes it below to seep into the basement.
when all else fails -( C. There’s a squeegee attachment for your shop vac that’ll pick up water that's not making it to your Sump, saving your towels and hands!"

I look forward to see you, Tuesday July 29 6:30-9pm for this very special meeting.

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

 

This evening  Friday, July 2, 2021 6:30-8pm Movers & Shakers:

Admission FREE ($5.00 donation for non-Members to cover our tip) Coffee (or soft drinks) and a wrap (turkey, veggie or buffalo chicken) Kelly's Roast Beef 165 Endicott Street, Danvers, MA 01923 978-774-1897 6:30-8pm PM BEGINNING/INTERMEDIATE Real Estate Investors Review Basic Selling. Where to Invest? Which deals can move your career along the quickest?

We'll then use a roundtable format where each person can pose a dilemma, tell us of a recent success or pass to the next person.

Hosted by Mike Hurney, Author of "How to Become a Real Estate Investor in 12 Easy Lessons"

See you there! Mike

America is 245 Years Strong!

This Sunday, July 4th, marks 245 years of America’s independence!  Today’s infographic takes a look at the 4th of July “by the numbers” to provide some insight about this holiday we Americans hold dear.  Whatever you do to celebrate, do it safely and have fun…..and, as for today, Stay safe and have a Happy Friday!!!

“On July 2nd, 1776, the Continental Congress voted in favor of independence, and two days later delegates from the 13 colonies adopted the Declaration of Independence, a historic document drafted by Thomas Jefferson. From 1776 to the present day, July 4th has been celebrated as the birth of American independence, with festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues.”  History.com.


Key Trends from Remodeling Magazine’s 2021 Cost vs Value Report

The release by Zonda of the 34th annual Cost vs. Value report finds exterior improvement projects continuing a multiyear trend of providing the greatest return on investment (ROI) for homeowners. Indeed, 11 out of the 12 projects with the highest ROI were exterior improvements. At the top is the replacement garage door (No. 1), sidings (including manufactured stone veneer at No. 2), and windows. The indoor exception, sitting at No. 3, is the minor kitchen remodel – a modest face lift of kitchen surfaces that offers a relatively high return when done prior to the sale of a house.

Sorted by the highest percentage of cost recovered (or return on investment), this chart ranks all 22 projects in the Cost vs. Value report. A relatively steep increase in costs during 2020 resulted in lower ROI figures compared to years past.

 

Cost Influence

The trend of exterior replacements outperforming larger discretionary remodeling projects has been accelerated, no doubt, by a year in which COVID has made people reluctant to have contractors inside their homes, but yearning to improve outdoor spaces. It’s been a year when we’d expect decks to reign supreme, but the data doesn’t track what’s most popular. The Cost vs. Value report tracks the ratio of value over cost for 22 common remodeling projects, and in that ratio lies the rub: Material costs, especially for decking and pressure-treated framing lumber, started going through the roof in 2020, bringing down the return despite the project’s value.

The effect on ROI of rising material costs is shown across the board for all projects, with the ROI for all projects down an average of 3 percentage points. The wood deck project shows the greatest decrease in ROI (-10.3%) and the highest increase in material costs (+13.6%).

A look at yearly trends (see chart below) shows that project costs have risen consistently since 2014, with a sharp increase in costs in the last year brought on by supply-chain disruptions largely created by the pandemic but complicated by global trading tariffs. Mirroring the increase in costs, the value-over-cost ratio as a percentage has steadily declined over the same period, with the sharpest decline (-3.7%) in the last decade occurring in 2020 (compare to a decrease of -2.4% for the year before).

These trends are based on the national averages for 15 projects that have appeared in the Cost vs. Value report over the last 13 years.

The Focus on Home Sale Price

The Cost vs. Value report aims at a very specific question: What value does a particular remodeling project add to the sale price of a home? This is only one kind of value that homes can provide, but it proves to be an important assessment.

The value data in the report was derived in prior years from surveys of real estate professionals asked to rate the value of the 22 projects. For 2021, Zonda has revamped the report's methodology, providing an econometric model that overcomes a past problem of surveying enough real estate professionals. Built onto the survey results, the new model sifts in a range of other variables, including local GDP, housing starts, existing home sales, existing home values, changes in existing home sales and existing home values, among others. What's important to grasp here is that all of these are variables that influence the sale price of homes in a specific location, and that is what defines the value side of the calculated ROI.

"Location, location, location" we know as the first principle of real estate, and the Cost vs. Value report addresses this by providing data for 150 metro areas (up from 100 last year). New for 2021, the report also allows users to drill down to data at the ZIP code level within each metro area covered to get a more fine-grained view of how costs and values differ on a local basis.

If we begin to think a bit more like a real estate professional, we begin to grasp how to fully understand Cost vs. Value.

Exterior projects. To begin with, it helps explain why exterior projects retain their strong return on investment: “Curb appeal” and “first impressions” are strong concepts in real estate because they have a big impact on how much money prospective home buyers are willing to pay for a home. If they start out thinking the house looks good - is in good shape, has "good bones" - they begin to fit all the new information they learn once they walk through the front door around these positive impressions. The reverse - driving up and seeing a dilapidated garage door or a house in need of a paint job - has the reverse effect: Buyers start to downgrade what they are willing to pay for it. While these impressions are highly subjective, they tend to influence buyers in a remarkably consistent ways.

Discretionary projects. While still returning a decent return on investment, the larger discretionary projects, such as kitchen, bath, and master-suite remodels, tend to have a lower impact on the price of a home. These projects typically involve a number of product options that have strong appeal to the client making the selections but tend to be too individualized to provide broad appeal. There is no one best cabinet style or color, no perfect tile, or fixture design that everyone likes. Certainly, there are design trends that have wide appeal among a range of homeowners. But because of the vast differences in aesthetic tastes, real estate brokers know that one person’s elegant new kitchen or bath may be viewed by other prospective buyers as unappealing, overstated, or otherwise in need of a reset.

Get the Conversation Started

Building professionals are focused on a lot more than resale value when they begin discussing a project budget with prospective clients. Pride in design and craftsmanship, occupant health and safety, long-term durability of materials, reductions in liability, and potential for repeat business are all top of mind for the professional remodeler entering into a new project. But all these factors, and the different values attached to them, are not necessarily understood by clients.

Cost vs. Value serves to get the conversation started. By focusing first on the value of the client's investment, defining it the way a broker might, a remodeler can zero-in on a client's biggest anxiety, cost. Instead of leading with their costs, they can first deliver a generalized cost that demonstrates that the project they are considering will have a definite return. Once that’s established, the contractor can go on to show the client how to think like a remodeler, raising the client's understanding and appreciation of the total value of a company's work. And finally the remodeler can move the conversation forward to reveal the specific costs they have for the project at hand.

The cost data in the Cost vs. Value report does include a standard mark-up of 10% on materials and 10% on labor. This is a starting point. It may be considered low by many contractors who build high value into their work with things like a well-paid workforce that receives good benefits to ensure that a high level of dedicated, skilled, and trust-worthy talent will be working on the project. Those are the sort of details that contractors will discuss with clients as they work to broaden the definition of home value, and distinguish their company as the best one to complete the project.

Email that went out this morning 7/1/21 7:46am Replay & Last word on Change to our Industry:-(
Good morning,
Max Keller spoke to us Tuesday and cautioned that there's a Huge Disruptive Change that we are in the middle of, right now! In our Industry!
More importantly he showed how we can take advantage of this Change to help folks!!
Change is good!  As long as you are part of the change.  Stick with your old ways and you will be left behind.  Think of the industries that are just about obsolete right now:
US Manufactured, Important Pharmaceuticals and Medicines... Occupations like Tax Examiner, Librarian, Taxi Dispatcher, Cashier.......soon to be Real Estate Broker and Mortgage Broker.  The apps are taking over......
Properties are coming on the market at a steady rate right now.  People who wanted to sell last year are stepping up.  If you are not seeing opportunities, maybe it's your method of finding properties that is obsolete.  Move ahead or be left behind....
You can't afford to miss MAX's Replay!
Here’s the last call for Max Keller’s Replay & Limited Opportunity to join us at the end:
And there’s an opportunity to work with Max at a very discounted rate BUT wait, we’re adding a $99 bonus* when you purchase Max’s program and join us Monday for an Intro/Start to his system!!!
You need to, at the very least, watch this replay which will give you insight to what’s coming in Real Estate:
In this short video replay…
(times are shown where these important points are)
#At (2:41) he’ll show how Wall Street with large companies has purchased 147,000 Single Family homes, and you’ll definitely recognize these companies…
By the end of 2021 they’ll be acquiring 100,000 houses/year, which is a disaster for traditional buyers!!! Zillow plans to be buying 5,000/houses/month becoming a $20,000,000,000.00 Business!
Based on Zillow's 157 million Unique Visitors per year, this seems entirely possible!!! Their average Profit on their Single Family acquisitions is $1723/house Can you compete against this thin margin?
A Disruption on the Real Estate business IS COMING! Even though there’s 2 million licensed Real Estate Brokers in the U.S.
#Max has a simple formula (14:20)
Good Profit
Minimum resistance
???
Replay & Limited Opportunity at the end:
#The demographic Max is working with (16:23) is Slow to Trust but Very Loyal!. It’s the fastest growing demographic…, There are 4,000. folks turning 85 years old every day in the US and 10,000 turning 65 every day:-0 and by 2030 there will be more folks over 65 than under 18!
#Remember 20 + years ago when there were these shark-like Stock Brokers? (24:01) no more, now they’re all Financial Planners. Get ready for a similar disruption in the Residential Real Estate Market when these Hedge Funds and similar companies like Zillow will transact with Software and low margins.
#(38:16) Why we now SHOW the lowest Single Family inventory since 1982?
#And (43:26) where Max outlines his Very Successful Program, where he’s looking forward to work with you and I.
Bottom line, here’s what’s happening - which you may or may not be aware of, as a Huge industry we know a lot about, is getting Hugely Disrupted!
Replay and limited Opportunity at the end:
We look forward to see you on Max's implementation call Monday!
Mike Hurney, MassRealEstate dot net and NewHampshireREAI dot org PO Box 307, Marblehead, MA 01945
* We’ll extend or start your valuable membership, by 12 months ($99.) in MassRealEstate.net & NewHampshireREIA.org when you sign up for Max's program!!
**any questions with the Replay or Sign-up, you're welcome to email me ASAP, Mike

 

 

Lincoln Hurney is inviting you to a scheduled Zoom meeting.

Topic: MREIA June Meeting - 6.29.21
Time: Jun 29, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/7712991667?pwd=Rmt2U3hWUTBzVXNZSy8zOFJSSmRZUT09

Meeting ID: 771 299 1667
Passcode: 2Jw6tM

Short video preview of Max Keller "You're the Expert"

I look forward to see you there!

>> Click To Get Share and Attract Course <<
>> Click To Get Private Lending w/ Max Keller <<

where homes are selling the fastest

New Home Sales Decline Due to Higher Costs

After a significant downward revision for the preliminary March data, April recorded a decline of 5.9% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The April seasonally adjusted annual rate (863k) was the lowest since June 2020, with the exception of a weather-influenced February report.

Residential demand continues to be supported by low interest rates, a renewed consumer focus on the importance of housing, and solid demand in lower-density markets like suburbs and exurbs. However, higher building costs, longer delivery times, and general unpredictability in the residential construction supply-chain are now having measurable impacts on new home prices. In April, the median price of a newly-built home was 20% higher than a year ago, at $372,400. As NAHB has estimated, higher lumber costs alone are increasing new home prices by $36,000 on average.

Higher costs have priced out buyers, particularly at the lower end of the market. A year ago, 45% of new home sales were priced below $300,000. In April 2021, only 27% of new home sales were priced below $300,000.


Looking back to the spring of last year, the April 2020 data (570,000 annualized pace) marks the low point of sales for the 2020 recession. The April 2020 rate was 26% lower than the prior peak, pre-recession rate set in January. Sales then mounted a historic surge from April until July, outpacing gains in actual construction. Sales have been above the pace of the post-Great Recession trend since the second half of last year. However, since January the trend has been declining and approaching the prior long-run growth trend (as indicated by the blue dashed line in the graph above).

 

Sales-adjusted inventory levels remained lean in April, coming in at a 4.4 months’ supply.

Completed ready-to-occupy homes continue to fall as a share of new home inventory. Such homes were 24% of inventory a year ago. They are only a little more than 11% of the total in April 2021.

Moreover, to see how sales patterns have changed in a high demand, low supply market — a year ago, 42% of new home sales were completed construction. In Apr 2021, this share has fallen to 27%. A year ago, 21% of new home sales had not started construction yet. In April 2021, such speculative homes represented 38% of sales contracts.

Regionally on a year-to-date basis new home sales rose in all four regions, up 50.7% in the Northeast, 45.7% in the Midwest, 45.5% in the South, and 3.6% in the West. These significant increases are due in part to lower sales volume during the Covid crisis a year ago.


 

How Media Consumption Has Changed Over the Last Decade (2011-2021)

Media Consumption in 2021

There are a wide array of apps and life hacks out there designed to help regulate personal internet use and media consumption, but the data suggests they haven’t been working. Today, we consume more media than at any point in time in the last decade.

This data from Recode looks at how many minutes U.S. adults spend on various forms of media, comparing mobile, desktop, radio, television, and magazines.

How Many Minutes are Spent on Media?

In 2021, collective media consumption continues its upward trajectory, and is set to be at the highest it’s ever been. In 2021, overall media consumption among U.S. adults is estimated to be around 666 minutes per day, or 11.1 hours—a 20.2% increase from 2011.

Although media consumption has grown overall, this is predominantly driven by mobile usage. In fact, every category with the exception of mobile has shrunk from their respective peaks. Mobile on the other hand, has grown a whopping 460% in 10 years, from an average daily use of 45 minutes to a staggering 252 minutes.

Consumption by Generation

Disparities in media consumption have a generational aspect that’s worth noting, as well. For instance, older Americans like Baby Boomers still consume media routinely through television. On the other hand, younger cohorts like Millennials and Gen Z tend to consume more through mobile.

Increasing internet use has come with criticism, and is said to be partially responsible for our waning attention spans. With only 1,440 minutes in a day, it remains unknown exactly how many minutes we will continue to direct towards mobile use. But with figures growing 9% last year, we may not have yet reached the peak.

[email protected]

Massachusetts Real Estate Investors Association
PO Box 307, Marblehead, MA 01945, USA

 

Mike Hurney is inviting you to a scheduled Zoom meeting.

Time to Sell? Tenant Problems? Opportunity. Kitchen & SF Bld Permit, YOU?
Wednesday May 26, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://us02web.zoom.us/j/85101188287?pwd=NEtiUy8yN0x2TUFVT1NrSkxTNzlhUT09

Meeting ID: 851 0118 8287
Passcode: 403765
1. Quick Update on the Market. AND if you've been thinking about Selling a home, NOW IS THE TIME! When Demand is still High and Inventory is Low, there is an abundance of buyers looking for a home just like yours. Sellers are Selling Fast and for Top Dollar. You're welcome to contact [email protected] for a Complimentary Market Analysis of your Home.

Also, when you're looking at a new "Farm" (area, City/Town to invest in) it's important to identify the fastest moving "bracket" of Properties, who wants to get into a project that takes years to turn around? OR Worse one that takes longer than a year to Sell?? We'll quickly analyze two areas so you'll see where to spend your time and effort. Want YOUR area analyzed also? Send me a quick email ASAP (not 5 minutes before our Wednesday, 5/26 6:30-9pm meeting;-)  Mike

2. CDC Moratorium on Evictions is on, Extended, Unconstitutional, Knocked Down by a Federal Court, It's Extended & Extended, Confused? You won't be for long with...

The JunkYard Dog of Eviction Attorneys will Show us How he's helping MANY Landlords Solve this Problem Expeditiously and to everyones satisfaction. You know from the past that Attorney Rick is a Professional who focuses with Brevity on Success! Whether you're a Landlord, Tenant or Investor (who may go to Plan B - Rent instead of Selling...) you don't want to miss his Presentation.

3. I'm still convinced this Niche, Investing in Mobile Home Parks, is one of the best CashFlow opportunities. There's a BootCamp coming up June 4-6, 2021 where you're welcome to join me, with a significant discount for our Members! Mike

4. Then we'll do a Deep Dive into Construction Materials: Current Prices, Where they're headed & Most importantly ALTERNATIVES!

5. An update on a Kitchen we're UpGrading in Salem and what's happening with that Single family we've been starting in West Roxbury.

6. If time permits what have YOU been up to, any offerings or requests (Buy/Sell & Networking)? Actually, if you've got something HOT (Pending P&S that's in trouble? How to estimate an offer (No addresses please, unless you're under Contract) call/email us right away or interrupt on the Call Wednesday!

I look forward to see you! On-Line next WEDNESDAY, May 26, 2021 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Folks, NO BS, Check your Home Depot account and Maintain your MassRealEstate dot net & NewHampshireREIA dot org Membership, still only $99/year. Home Depot audits us OFTEN and if your Membership with us expires = Your discounts are GONE!!! Email me directly with any concerns, Thanks, [email protected]

 

5/7/21 Kris has determined, with an Algorithm, what the sale price will be for Real Estate Properties on the Market. She's also targeted great investment opportunities in Massachusetts, outside of Boston. Tomorrow evening Friday, May 7, 6:30-8pm she'll teach YOU this information and more importantly, How to Use it! We'll meet LIVE at Kelly's Roast Beef, 165 Endicott Street, Danvers MA 01923 Light refreshments and soft drinks provided. Only $5. for non-members (tip for our waitstaff). ALL State Covid-19 Protocols will be followed! I look forward to see you there for Lincoln's Market Update, Kris's Algorithm

 

 

Last meeting-Tuesday, April 27, 2021 6:30-9pm On-Line

Mobile Home Parks, the Forgotten Niche with... Frank Rolfe

Find out why Mobile Home Parks offer perhaps the highest and safest returns of any sector of Real Estate.

As a Real Estate professional, have you thought of dabbling in Mobile Home Parks instead of Single or Multi Family homes? If you're unsure if that's even possible MassRealEstate.net main Meeting is for you! Click the link below and join us at 6:30pm

Mobile Home Park Investing - guide

Mobile Home Park Investing - meeting

 

lumber prices infographic

 

Yardi Says 2021 Off to a Strong Start. According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in March increased $6 to $1,407.  In addition, Yardi says multifamily rents had one of the strongest first quarters in the last few years.  Click here to read more.

NMHC Says 79.8% of Apartment Households Paid Rent by April 6th

The National Multifamily Housing Council (NMHC) says that 79.8% of apartment households made a full or partial rent payment by April 6th, 2021.  Click here to read more.

Best Counties for Buying Single-Family Rentals

According to data from ATTOM’s Q1 2021 Single Family Rental Market report, the average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 495 counties is 7.7% for 2021.  Click here to read more.

Top Destination Cities for Renters

A recent report from STORAGECafé says more renters moved in 2020 vs. 2019, with most of those upgrading to larger homes.  Interestingly, they point out that 69% of renters looked for housing in the same state while the remaining 31% sought a new home in another state.  Click here to read more.

Millennials Continue to Dominate Home Buying Market

According to the National Association of Realtor’s 2021 Home Buyers and Sellers Generational Trends report, millennials continue to make up the largest share of homebuyers coming in at 37%.  Click here to read more.

Big Firms are Crowding the Market for Houses and Driving Up Prices

The Wall Street Journal recently wrote about how so-called big firms are crowding out the market for houses and in the process, driving up prices.  They report that it runs the gamut from individuals with smartphones and a few thousand bucks to pensions & private-equity firms with billions, yield-chasing investors are snapping up single-family houses to rent out or flip.  Click here to read more.

Consumer Price Index Up 0.6% in March

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in March, 2021.  Click here to read more.

Pandemic-Driven Demand for 2nd Homes Soars

According to new data from Redfin, buyers who locked in mortgage rates for second home purchases shot up by a record 128% year-over-year in March – marking the 10th straight month of 80%-plus annual growth.  Click here to read more.

Landline Phones Are a Dying Breed

Infographic:  This shouldn’t come as a surprise to anyone, but it is interesting nonetheless.  Today’s infographic shows us that an ever-increasing majority of American households have ditched traditional landlines in favor of cell phones.  Click here to read more.

 

In-Person meeting Tuesday, May 25, 6:30-9pm

***CFPB Wants to Prevent Foreclosures Until End of the Year

A new rule proposed by the Consumer Financial Protection Bureau (CFPB) seeks to prevent a wave of foreclosures as some pandemic protections for homeowners are set to expire. The rule, which would apply to all mortgages federal & private, will prevent mortgage servicers from initiating a foreclosure against delinquent borrowers through December 31, 2021. Click here to read more.

Will You Be Ready When the Eviction Moratorium Ends?

On a recent episode of the Rent Perfect Podcast, David Pickron says the current tenant/landlord climate feels like a good old-fashioned game of musical chairs. As housing providers anticipate the end of the CDC’s eviction moratorium, it’s critical for landlords to know and prepare for what’s next. Click here to read more.

Pending Home Sales Down 10.6%

The National Association of Realtors is reporting that pending home sales were down 10.6% in February, 2021. Click here to read more.

S&P CoreLogic Case-Shiller Index Up 11.2% in January

According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 11.2% annual gain in January, 2021. Click here to read more.

Rentable Says April Rent Prices Down Slightly

Rentable says that the median nationwide rent price for one-bedroom units in April was $1,121 (down 0.27%) with two-bedroom units coming in at $1378 (down 0.29%). Click here to read more.

Construction Spending Down 0.8% in February

The U.S. government is reporting that total construction spending in February was at a seasonally adjusted annual rate of $1,516.9 billion, which is 0.8% below January’s revised estimate. However, February’s figure was 5.3% higher than one year ago. Click here to read more.

FHFA House Price Index Up 12% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1% in January and up 12% from one year ago. Click here to read more.

NAHB’s What Home Buyers Really Want 2021

The NAHB recently released their annual What Home Buyers Really Want report that they say sheds light on the housing preferences of the typical home buyer as well as how those preferences change over time, and how they may vary based on demographic factors. Click here to read more.

Who Americans Spend Their Time with by Age

Infographic: Time is the one finite resource that we closely guard and often, carefully choose how we spend it. Today’s interactive infographic from the Visual Capitalist takes a look at who Americans exactly spend their time with and for how long. Click here to read more.

***Xtra Savings and a FREE GiftProXtra Appreciation Day

It's ProXtra Appreciation Day 4/1/21 at Home Depot!

I look forward to see you there! Mike

 

Make the RIGHT Offer for BRRRR, Market, Finance trend, Short term, Insurance coverage!

Time: Mar 30, 2021 06:30 PM Eastern Time (US and Canada) Join Zoom Meeting

https://us02web.zoom.us/j/87420316768?pwd=OUtzL3hZR0pnQWlEcmJURThFWktpdz09

Meeting ID: 874 2031 6768 Passcode: 795696

 

Vendors
Several times folks have told me of Property Losses, Short Term Rentals & Mortgages that they've "Researched". Then selected a company and Settled, Stayed at or Financed with however based on what they describe I'm sure they could've done better with Len, Liann & Mike - Vendors in our Association!
So they'll have short updates for us, so that we don't forget them in the Confusion of Needing them!!

Market
Still a very hot market. I'm hearing Tales of Sales that go $50k, $65k and $80k above the Listed price! Lincoln'll be showing us the Stats.

Making Offers
People still describe to me how they make offers and I think it's time for a quick review "Making Offers 101" How to quickly Assess Values and know When to "Fold 'em"

Friday, April 2, 2021 6:30-8pm online meeting Construction, Rehabbing & Contractor Licensing

Builders license - There’s a lot of money out there in Construction, especially rehabbing/upgrading. If you don’t have your Builders license, it might be time to get it, so you can pull permits and have Insurance coverage on your most important Self, Workers and Clients

I just got a notice for my upcoming birthday to renew my Builders License after completing my CEUs. Like many of you guys. and We Are also required to have the Latest Code Books which seem to Grow every year.

So Do you need to pull a Permit for every job?

Do you need a license for every Job?

Do you have to have Insurance for every Job?

Do you need the Code Books on every Job?

You tell me, I hate to hear about some wise guy that’s holding money from a hard working Contractor because they found out you didn’t do something with all that compliance, you guys work too hard for that crap.

So on our next Friday meeting April 2nd we’ll address How to Avoid those issues...

 

MREIA Tenant Application 2

Tuesday, March 30, 6:30-8pm ZoomJshfojhewf1.

Networking and Education for CONTRACTORS! LANDLORDS! & INVESTORS!

Contractors:

Do you give out Free Estimates?

Are they Estimates or Quotes?

Review your Construction Contract with Attorney David?

Code Compliance, Where are the latest Building Codes & How do you Access them?

Home Depot ProXtra ONLY Members of MassRealEstate.net receive 2% CashBack/twice a year, 20% OFF paint at the Cash Register, Special Appliance Pricing & Access to the Bid Room on purchases over $1500. (Usually discounts of 7-50%)

JOIN US NOW or You're welcome to Sign-up for our Special Reports or Contact our Director, [email protected] for Access.

*Joe (below)

Landlords:

Can share Tips like: 7 Advanced Screening Techniques for Tenants!

Use a Lease or Tenant @ Will agreement?

Normal Wear & Tear vs Destruction (Security Deposit Issue)?

also Join & get ALL our Discounts.

JOIN US NOW or Sign-up for our Emails and Contact our Director, [email protected] for Access.

**Hoa (below)

Investors:

Getting Started on the Right Track: No Money or Experience? "Bird-Dog" Techniques…

Business Entities to use LLC, LLP, S Corp, Corp, FLP, Realty Trust???

Advanced:

Types of Properties to Buy and their Pros & Cons.

Areas to Invest in?

Amount of Work Involved?

Turn Time?

also Join and get ALL our Discounts!

JOIN US NOW or Sign-up for our Emails and Contact our Director, [email protected] for Access.

Grow Your Business... & receive your 2% Home Depot cash

Our growing network of members and attendees create the perfect environment for Success: Need a Contractor? We have an extensive list in our database and the best ones attend our meetings on a regular basis!  Need customers? Our Contractor Members can present their services at our Meetingss!

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* 2% Rebate Program - (Above all other discounts that you are already receiving from the Home Depot.)

* 20% off Paint at the check out register.

* Up to 25% discount on the selected Appliances, you need!

* Access to the "Bid Room" on purchases of over $1500 (usually 7-50% off

See our MassRealEstate.net / NewHampshireREIA.org 31 page Member Discount, Appliance Catalog available in the "Members Only" area.

* Access to the Bid Room for possible discounts on purchases over $1,500.

The Home Depot is the fastest growing retailer in U.S. history and we are committed to helping you grow your business.

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Asset Protection and Tax Strategies w/Attorney Bill Noll the CPA 1/9/21

We just finished Asset Protection & Tax Strategies with Attorney Bill the CPA, his Special offer for those Programs below, some of which include a review of 3 years Tax ...
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Weekly Updates 1/8 & 1/15/21

Weekly Updates 1/8 & 1/15/21 *** Weekly Update 1/15/21 NMHC Says 76.6% of Apartment Households Paid Rent by January 6th The National Multifamily Housing Council (NMHC) says that 76.6% of ...
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“New Hampshire Laws coming soon”

"New Hampshire Laws coming soon" "howdee core team. I see none of the bill text released yet. That means we will likely be in a huge rush of released legislation ...
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“Right of 1st Refusal coming to Massachusetts”

"Right of 1st Refusal coming to Massachusetts" :-0 "Mike, We'd like to let you know about a law enacted at 4:42 this morning to inform your members and get their ...
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Top Housing Markets for 2021

Top Housing Markets for 2021 (According to National REIA & Realtor dot com) DECEMBER 7, 2020 Realtor.com’s top 10 housing markets for 2021 have substantial momentum from 2020 which they ...
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Covid-19 relief (for Landlords too??). Eviction and Foreclosure Moratorium through February, etc

Covid-19 relief (for Landlords too??). Eviction and Foreclosure Moratorium through February, etc 12/25/2020 *Highlights from the Stimulus Bill of 12/20 Senator Portman (R-OH) worked hard to get a deal done ...
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21 Real Estate Income Secrets

21 Real Estate Income Secrets For Investors

Want To Know The 21 Most Profitable Secrets The Most Successful Real Estate Investor's Use To Create 6 & 7 Figure Investing Businesses?

Get our FREE (five page) Report: 21 Real Estate Income Secrets For Real Estate Investors

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