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All Forum Posts by: Matthew Forbes

Matthew Forbes has started 8 posts and replied 125 times.

Post: How much do you kick back to your network???

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Ed,

I will follow this topic to get some advice for people in the business.  That said I have been in sales all my life, and have always been able to get the good relationships.  Treat them better then fair, always exceed their expectations, be overly truthful, and be extra generous with them, and I bet you will do well.  

Matt

Post: Breaking into the industry

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Chris,

I am also a new to this world so I will share with you what I am doing to get myself educated:

  • 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
  • 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
  • 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
  • 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.

Good luck!

Matt

Post: New Member

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Jenny,

I am also a new to this world so I will share with you what I am doing to get myself educated:

  • 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
  • 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
  • 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
  • 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.

Good luck!

Matt

Post: Wholesaling a good place to start?

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Michael,

I am a new Wholesaler so don't take anything I say with any credibility what so ever.  Yes Wholesaling is hard, no it's not like they say on TV, and yes if you are smart and realistic its a great place to start.  To do it well it demands that you can:

1) Market to motivated sellers and find them.

2) Be able to talk to them, identify their problem and solve it in an equatable way.

3) Truly understand rehab costs and what it would take to pull it off, both from a hard perspective but also a soft perspective (taking in to account financing costs).

4) Understand the market so you can get it sold.

There is lots of stuff I am leaving out, but in my opinion start with the hard stuff!  If you can make it work doing this, you can make it work doing anything else.  It's exactly the reason I chose to start in wholesaling in the first place -It's Hard.

or maybe I'm crazy.

So I am no Lawyer, but I am pretty sure this website knows what it's talking about.  Seems to me that the answer to the snow question is YES & NO depending on the structure.  Well worth readying if you own rentals in MASS!

http://massrealestatelawblog.com/tag/massachusetts...

From the site.......

I own a two family rental property with a driveway and one common walkway and entrance. Am I responsible for shoveling snow on the driveway and/or walkway?

The answer is yes. Under a 2010 Supreme Judicial Court ruling, all property owners (rental or owner occupied) can be held liable for failing to remove snow and ice from their property. The old rule was that owners didn’t have to remove “natural accumulations” of snow and ice, but the court overruled that in favor of a general obligation to keep property safe for all visitors and guests. There are also many local town and city ordinances which likewise obligate property owners to keep snow and ice off their property and sidewalks. I will discuss some of those below.

Can I use a lease which provides that the tenant is responsible for snow removal. Is that legal and will that protect me from liability?

It depends on your particular property. Landlords have the primary responsibility for snow removal at a rental property. Under the State Sanitary Code, property owners/landlords must keep all means of egress free from obstruction — that cannot be negotiated away. As for the removal of snow and ice, the Code provides that the landlord shall maintain all means of egress at all times in a safe, operable condition and shall keep all exterior stairways, fire escapes, egress balconies and bridges free of snow and ice. Again, those obligations cannot be negotiated away.

A landlord may require the tenant be responsible for snow and ice remove in a lease provision only where a dwelling has an independent means of egress, not shared with other occupants, and a written lease provides for same. On its face, this exception only applies to entrance-ways and not driveways or parking areas. I am not aware of a court ruling on this particular Code provision, but if I were a landlord I would not risk being on the wrong side of a “test case” where someone is injured badly.

So, in the example above with an owner occupied two family with one common entrance and driveway, that lease provision would be illegal.

Even if the tenant is responsible for snow removal under a legal lease provision, the landlord could still face personal injury liability for slip and falls on snow and ice under the SJC ruling. A guest or visitor who is injured due to untreated snow or ice will likely sue both the property owner and the tenant. The property owner must ultimately ensure that the property is safe for visitors.

Post: New member from Massachusetts

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Amol,

I am also a new to this world so I will share with you what I am doing to get myself educated:

  • 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
  • 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
  • 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
  • 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.

Good luck!

Matt

Post: New Member from Massachusetts

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Clarence,

I am also a new to this world so I will share with you what I am doing to get myself educated:

  • 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
  • 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
  • 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
  • 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.

Good luck!

Post: New Member (Houston, Texas)

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Ryan,

I am also a new to this world so I will share with you what I am doing to get myself educated:

  • 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
  • 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
  • 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
  • 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.

Good luck!

Post: How to get a property value?

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

@Chris Goff Can you mention why you think it's better than the MLS?

Matt

Post: Investor and Manager from Massachusetts

Matthew ForbesPosted
  • Westport, MA
  • Posts 128
  • Votes 56

Welcome to BP!