Snow, M&S 1/18, Property Management and RE Tax Abatement 1/29/2013o

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Good afternoon,
-Snow storm (Monday evening)
It seems like every time I prepare the Shovels (that our Tenants might need before we get there) and Pickup *5 bags of rock salt, *2 bags of sand and a *Special “Dog friendly” bag of some weird ice melt. (for several properties with pet owners) that a snow storm misses us. And I don’t mind!

-Movers and Shakers Friday 1/18/2013
Good meeting with some serious Investors and those working on their first few Investments. I posed a challenge to Sam, Juan, Joe and Ed:
1. I’d send them Properties on the Market from the Multiple Listing Service (in their area, type and price range they select).
2. We made sure they have access to a Software program for Estimating Rehab costs and also a Guide to Rehab and value.
3. They must come up with a detailed offer by our next meeting January 29, 2013.
This may not seem as easy as on TV but remember what Napoleon said: “You’ll never have everything you need. Start now and you can pick everything as you go!” (that’s Napoleon Bonaparte, not Napoleon Dynamite;-)

-I’m seeing values in some areas of Dorchester, Condos, going up about $1k/week in this 2013 Real Estate comeback. So wait all you want as those without it say “It’s only money.”

-JD and MK, welcome to our Coached Course “How to Become a Real Estate Investor in 12 Easy Lessons” We look forward to working with you and saving you time and money in your RE Investing Career!

Next Tuesday January 29, 2013
5:30 – 6:30 PM Coaches Corner – Anyone who has purchase our Course How to Become a Real Estate Investor in 12 Easy Lessons or any other Real Estate Investing Course (please bring a receipt) is welcome to join us to Restart your Career, Move up if you are Plateaued or just Network.
6:30 -7:00 PM Buy, Sell Networking and Refreshments
7-9 PM Property Management with Moshe. How to get those rents up (for cashflow and value) and have your Tenants thank you!
There is a very small annual window of opportunity to file for an Abatement (reduction) on your Real Estate Tax which is closing at the beginning of February.
You’ll find out from Attorney Jim: Is your Property overvalued? Does it make sense to file an Abatement? Should you look at Improvements that will eventually increase your value but not declare them now?

Mike will be reviewing the Real Estate market and where the “sweet spots” (areas with the most activity that YOU DO want to be in) are. Also a quick review of Financing Options.
9:00P Recap and adjourn

Mike Hurney, Director PO Box 307, Marblehead, MA 01945 781-639-8616 office

PS Thank you for all your referrals (for Financing and joining us at the Association), I’ve met some really nice folks lately!

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