I showed everyone a Statue that a Tenant had given me on “consignment” for rent owed. Everyone laughed and someone even offered me $1.00
Well I did some investigation and found an Antique dealer that will take it to Auction looking for $3,000. or he’ll buy it now for $1500. It is Appeal to the Great Spirit a C. Dallin Bronze with Gorham Foundry marks. It’s up to the Tenant. So it seems the joke is on us…
Peabody SF (Single Family) House Prices have risen steadily in 2013 & 2014, DOM (Days on Market from Listing the Property to Selling it) has been dropping and now in Q12015 Inventory is projected at only 60 days. Which should keep prices high with quick sales.
I handed out a survey with 130 Real Estate topics and let folks choose their preferences which we’ll incorporate in our schedule. Next main meeting Tuesday, January 27, 2015 is:
Buy – Sell – Networking with Light Refreshmets
Contractor’s Qualifications and Licenses
Landlords, How to Price your Rentals to keep good Tenants but not get behind and kill your Rent Ratios and Cap Rate!
Edwin mentioned his Landscaping business and how his 6 trucks are snow ready with Plows and Salt/Sand mixture. Also we reviewed how he will MONETIZE his expenditures with flipping vegas long before he moves to the next, diamond level. He wants to do deals;-), they want his money for the next level;-( My money is on Edwin. It’s fairly straightforward and basically the “way around is straight through!”
Bill had a couple of handouts for his Wholesaling/Flipping subgroup, next meeting 1/18/15, he reviewed the hardest part to most people, meeting potential Sellers, which he has NO PROBLEM with.
Several new folks said they’re having trouble putting the famous Buyer’s List together and ironically there were 4 competent Cash Buyers right with us that introduced themselves!
John reviewed his Private Financing requirements and ratios.
Jay is always looking for a deal and offered to review anyone’s deal. This is especially important because when starting out you may miss something and Jay is famous for having Bird Dogs and Investors go back to a Seller and modify the deal so everyone is happy and a Flip or Sale can be made.
Damian is on the verge of landing some Short Sales/REOS.
Wilson is one of the most eager beginners we’ve seen in a while and will now be working with Bill! Good luck buddy.
Mike Hurney, Director MassRealEstate.net PO Box 307, Marblehead, MA 01945 Office 781-639-8616