Merry Christmas, See you December 27th and My Goals

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Good Morning Fellow Real Estate Investors,

Merry Christmas to all, next Tuesday 12/27 Year end planning, Short-sales, REOs and Foreclosures.

1. Tuesday December 27, 2010 6:30 – 9:00 pm At the SpringHill Suites Hotel, 43 Newbury Street, Peabody, MA 01960 978-535-5000 FREE to members, only $25 for guests. $99/year ($8.25/meeting) for membership!

Year-end Tax Strategies – CFP Steve – The Single most expensive tax mistake of all. How to slash your audit risk (fly under the IRS radar). Powerful strategies for Real Estate “Flippers” and 10 more expensive Tax mistakes that cost property owners Thousands. There’s more to mileage expenses than you think, Steve will cover this simple chart.

Also borrowing against your home to convert nondeductible personal interest into deductible home equity interest. Tax Opportunities for “Real Estate Professionals” let’s you avoid “passive income” limits on Real Estate losses. Tax on most long-term capital gains is capped at 15% but that capital gains can cost you valuable deductions, credits, allowances and subject you to the Alternative Minimum Tax, Steve will make sure we understand this and more… Witholding and Estimated Tax payments, Repairs vs Improvements, Depreciating Real Estate for Maximum Savings when you “Cost Segregating” strategies….

Staging is POSTPONED until January 31, Karen is buried with Staging work so we’ll have a short preview 12/27 then the whole evening 1/31/2012, which she really needs, to get us up to speed on “Get it Sold before it’s Old”. Staging for a quick sale or rental. Karen THE staging Expert will cover: What’s the least expensive technique with the biggest impact on your home? Where do buyers and renters look first? and how to pleasantly surprise them. Staging mistakes that will cost you needless money and time? 7 most important Staging techniques that work wonders for a quick sale. We’ll have Presentation boards, a Slide show and Handouts.

GOALS – most of my Real Estate and Mortgage work concerns folks Qualifying and Buying Foreclosed property at a Discount. My goal for 2012 is to make sure our several hundred MassRealEstate.net members and guests Know: How the process works, How to qualify, Who sells these properties, How to receive notice of these opportunities. and most important How to Buy! I’ll start this series December 27th for you at our meeting.

2. Still available: 9 Autumn Street, Lynn, MA. 2 Family $219,900. GMAC PurchasePower financing seems like a great deal to me! [email protected] Should have the DeLead Certificates this week for Section 8.

3. Located in Lawrence , Ma…6 family all rented , 3-3bed…3-4 bed…income $ 6k/month…all new plumbing , electrical , new rubber roof , utilities paid by tenants , class 2 fire alarm system w/ sprinklers…$ 375,000 with some owner financing help … owned for 31years , 2nd owner… 603 898 3377 Mr. Patti
Tax Strategies, Staging PREVIEW, Short Sales, Refreshments, Networking and YOU December 27, 2011! Friday January 13, 2012 7-8:30pm for Movers and Shakers? Mike

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