Good afternoon Fellow Investors, Contractors and Landlords,
Moving our meeting date this month. Please make note on your calenders that we’re accommodating our members schedules, moving our meeting in May to Tuesday, May 21, 2013 at the same location SpringHill Suites Hotel, 43 Newbury Street (Route 1 North) Peabody, MA
I used to think, having spoken to many of our members that the jump to Commercial/Income investing was inevitable. That, if you were successful at Buy, Fix-up and Sell or Rent that you would grow and eventually buy something with a business thereby moving up to a new level of Income.
Also a Judge once told me that the only difference between a small Fannie Mae (1-4 units) Real Estate business and Commercial/Income properties was that a Lease actually meant and would be enforced, on the contract terms with Commercial/Income property.
However that is not the only difference
There are higher orders of magnitude in the money involved that you leverage and also higher gains or losses.
In addition to our “Fannie Mae” type Real Estate business, I’ve been meeting with the famous (and hugely successful) Bob Bohlen CCIM (CCIM is about the equivalent of a PhD in Real Estate Investing). May 21st we have the pleasure of hosting a comprehensive Seminar with Mr. Bohlen to cover the 4 Profit centers of Commercial/Income property ** investing. and more importantly what it takes for YOU to get into this field and successfully become a Commercial/Income property investor.
They say that those who CAN, do it, those that CAN’T teach it. Bob doesn’t teach, but he’s glad to show us what he does VERY successfully and how you can too! Tuesday May 21, 2013 6:30 – 9:00 PM at the SpringHill Suites Hotel, Peabody, MA 01960
2. Our Movers and Shakers meeting is Friday, May 17, 2013 7-8:30 PM at Denny’s of Danvers
PS Robert Bohlen, CCIM, CDPE, PhD owns and manages over 3000 units and over 18,000,000 (yes, million) SF of retail and industrial space in the Midwest. Bob will share with us:
Finding commercial and multi-family property
Which types you should buy?
To Flip or not to Flip (Shakespeare’s timeless question)?
Underwriting the purchase properly
Financing Options for the property
Adding value and auxiliary benefits using customer service (It’s almost never what you want)
** Of Course some of us already know the 4 Components of Commercial RE 1. Cash on Cash. 2. Principal Paydown. 3. Appreciation. 4. Tax gain or loss. but it’s unlikely we maximize them as Bob Bohlen will demonstrate.
Massachusetts Real Estate Investors Association
PO Box 307, Marblehead, MA 01945, USA