Good afternoon Fellow Real Estate Investors,
Interesting meeting on 11/29 we learned the 4 ways to analyze investment property, Diane Fortino 781-483-3248 for Coastal, Investment property insurance and Judge Kerman.
The four ways to analyze were Debt Service ratio, Price per square foot, Gross Rent Multiplier and of course Cap Rate. I feel as long as you’re consistent using these Rules of Thumb, they’ll allow you a quick comparison.
We learned the WORST problem you can have with rentals which was a surprise to most of us but not uncommon. Then make sure you take pictures of your rentals when they’re moved into. You do not have to accommodate a handicapped person if you use the “Reasonable Effort” model. If you have Bed bugs it’s essential to treat your entire building at once. Judge Kerman went into great detail about Common area lights, All the Legal documents to establish a Tenancy at Will or Annual Lease, Security Deposits, and Bank Eviction of Tenants. and best of all with this meeting format we’ll continue to see him here and not in his Housing Courtroom!
Affordable Housing Lottery – I appreciate you helping me get the word out. I’ll email a package to you or someone you think can qualify. However time is short. Tomorrow evening December 6 is the informational meeting 6-8pm, Open House 12/10 11am – 1pm, Application deadline 12/31 and the Lottery Date 1/16/2012! Thanks, Mike
Tuesday December 27, 2010 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership!
1. Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands.
2. Staging for a quick sale or rental. Karen THE staging Expert will cover: What’s the least expensive technique with the biggest impact on your home? Where do buyers and renters look first? and how to pleasantly surprise them. Staging mistakes that will cost you needless money and time? 7 most important Staging techniques that work wonders for a quick sale. and more…
Movers and Shakers December 16, Denny’s of Danvers 152 Endicott Street, Danvers, MA 7-8:30 pm
Tax Strategies, Staging, Refreshments, Networking and YOU December 27!