Remember this Statue? Last Movers and Shakers 1/9

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…

 

Interesting Movers and Shakers last Friday evening! We began with the local market:

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.

Finance, the 10 year T-bill which drives our 30F conventional continues a decline, you may want to check it with your current situation…
[email protected] or my cell 781-405-1845

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

Staking out Your Territory! for Investors,
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.

Kathy is still looking and hasn’t found anything lately.

Wilson is one of the most eager beginners we’ve seen in a while and will now be working with Bill! Good luck buddy.

Barker is a General Contractor in Amesbury and is looking to get into Investing, He’ll also help you Price a rehab.
Hamed is a RE Broker that’s looking to partner with a Mortgage Broker, thank you very much, Mike.
Don cashed out of some Rehab Loans he lent on, is very satisfied and looking for more.
Carol is waiting on One deal… We advised as my father used to tell me “To Avoid Disappointment, Always have an Alternative!” Like two other houses you’re looking to buy.. then get a second opinion from a GC in case the first one bails on you.. I think she’ll do well!
I spoke about a Marketing Campaign I’m doing now: Why Rent When You Can Buy? (Tough being a Landlord myself:-( but I’m onto something different, how reach these renters.
See you soon, 1/18 or 1/27 Main meeting, No charge to Members, Only $25. for Guests or Only $99./year to join!

Mike Hurney, Director MassRealEstate.net PO Box 307, Marblehead, MA 01945 Office 781-639-8616

 

 

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