All Forum Posts by: Mike Hurney

Good afternoon, 4:17pm 12/5/19

1. Tomorrow evening Friday, December 6, 2019 Movers & Shakers 7-8:30pm at Kelly's Roast Beef, 165 Endicott Street, Danvers, MA 01923:

Progress report on our Projects, Local Market Update and a Round-Robin of what YOU'RE working on! No charge to Members. Only $5. for Guests (tip for our waitstaff), Only $99/year to Join! Light refreshments included. Also Marketing for Deals!

2. Movers & Shakers Friday January 3, 2020 7-8:30pm

3. Main meeting Tuesday, January 28, 2020 6:30 - 9pm "1 Year for the Rest of Your Life!"

Follow up - Saturday February 1, 2010 9am-5pm Instant Impact - Experience hands on, the systems of communication, negotiations and the power of creating a buyer/seller relationship used to get “NO Money Down” deals and Seller Financing at 0%!

4. Steve Elliott, Resident GC has forwarded the link for the latest issue of Remodeling which you may want to check out...

*Links on our Blog "Movers 12/6/19..."at our MassRealEstate.net

5. MassFiscal alliance is fighting a gas tax our legislators are trying to pass (around our busy Holidays)

that ties us in with several states to automatically increase our gasoline tax. When they snuck this in to California the price of gasoline went up something like $1.40 to around $4.00/gallon… So you may want to check out their site and contact “our well meaning” law makers.

*Links on our Blog "Movers 12/6/19..." at our MassRealEstate.net

You may also want to let "OUR" Governor Charlie Baker know what you think of his trying to make Massachusetts a Sanctuary State...

6. Want to get some insight about “5G”?

(As much as I dislike CNN’s slanted media this seems like the inside story on 5G)

*Links on our Blog "Movers 12/6/19..." at our MassRealEstate.net

7. You may want to change the settings on your iPhone & Laptop…

*Links on our Blog "Movers 12/6/19..." at our MassRealEstate.net

8. Small Property Owners Association

(*Links on our Blog "Movers 12/6/19..." at our MassRealEstate.net )

is raising the flag for us that Rent Control is coming back. If you remember How tough it was for Landlords in Somerville, Cambridge & Boston before 1994 then you Do Not want to see it return. You could check out their articles on their site.

I look forward to see you soon, Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org

PO Box 307, Marblehead, MA 01945

PS Don't forget Len Theran, Professional Loss Adjusters, if you've got any insurance damage. You need to Call Len first, before calling ANY insurance company He IS independent! 617-932-5192 [email protected]

Good morning,

Here's the VoiceMail that went out yesterday, I look forward to see you this evening, Mike

"This evening Tuesday, November 26, 6:30-9pm we’ve got

1. Chief Justice Tim of all the Massachusetts Housing Courts

This is for you (you Landlords, you Investors that Rent & you Contractors that want to "get in on the action" that Real Estate offers) best chance to see How the Court works when you're at a Non-Adversarial meeting like this.

What are the three biggest concerns in the Housing Courts today and How are they being resolved? So you don’t step on these “LandMines”!

2. There seems to be a fair amount of Deals or Opportunities that some of our Members are missing out on.

So Tony Youngs Hidden Market to the rescue! 10 minutes on Tony’s Weekly Webinar!

3. We’ll MasterMind (discuss in detail) a couple of common Problems that Contractors are having

***“Growing a Remodeling Business”

by Judith Miller

The 7 Functions

The 5 Stages of Growth

***Contractors, here’s how you can easily raise Markups!

in Home Depot “Pro Magazine”

4.You asked for it, You’ve got it:

Checklists for Landlords, Investors & Contractors On the Blogs.

What’s Helpful to you, that you’d like us to add?

5. Local Market Update and how to translate that Data for your own use!

The latest on "Grand Slam Investigations" Tenant Credit Checking.

Networking & Marco’s Restaurante’ Pizza!

Change back to an annual fee of $99./year

I look forward to see you guys this evening Tuesday, November 26, 2019 6:30-9pm at DesignGroup47.com 47 Newbury Street (Route 1 North just before Sonic CarHop) Peabody, MA 01960 No charge to Members, Only $25 for guests or Only $99/year to join.

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945"

Of course we meet just North of Boston, Massachusetts and South of New Hampshire.

Contractor Horror stories, MasterMind a Problem, Market Update, Do your Own Tenant Checks & AG's Office!

We're in the process of converting our CRM to an OntraPort System (better, faster, more responsive, increases energy & agility, etc) Please bare with us for a little more time....

I'm looking forward to see you tomorrow evening, Tuesday, October 29, 2019 6:30-9pm.

1. We're looking for the Best (actually Worst) Contractor Horror Story that's happened to You. Members vote and there's a Prize for the most unfortunate tale you've experienced.

2. There seems to be a fair amount of Deals or Opportunities that some of our Members are missing out on.

So

We’ve started a MasterMind Group to address the Problem:

• How do you easily find these Opportunities?
• Don’t be a Prince Charming when a Cinderella shows up. Most importantly: What’s in your Investors Kit?
• How to Quickly calculate whether an “Opportunity” is worth your limited time?
• Simple Organizing technique that will save you 50% of the time you’re now wasting!

We’ll introduce the Group next Tuesday and the Solutions to those problems!

3. Next on our Agenda, we’ve got the local Market Update and how to translate that Data for your own use!

4. We'll also have the Results of using our latest Tenant Check System- "Grand Slam Investigations" (access is on our Home Page).

5. Also the Massachusetts Attorney General’s office is sending their top Assistant AG to cover Contractor problems some folks have, What you can do about them? and Most Importantly How to Avoid Problems in the first place!

Also how to get Contractors to call you back!

Networking & Marco’s Restaurante’ Pizza!

Change

We’ve changed our membership model to Monthly instead of Annual, I’ll go over this at the next meeting and if you have any problem with this please see ME (separately) at the next meeting.

Sad Tale

Jamnick called me in July, it seems he didn’t recognize the $99. charge that we processed with Home Depot for his Membership and he wanted his money back. It was sent back immediately. A little Back Story.. Jamnick claims he does $1.5 million with Home Depot and wanted the Discounts that only NewHamphsireREIA.org & MassRealEstate.net offer with Membership.

So now he’s been cancelled, which means NO 2% on his purchases, paid out twice a year and he must buy 7500 gallons of paint to get the 20% Gold Members discount that WE CURRENT members receive! You could do the math (0.02% of $1.5M = ___) it is a Sad Tale… Don't forget whether you buy a pint of paint or the 7500 gallons that Jamnick (independently) would have to buy to receive that 20% Discount, we still receive the Gold Membership!

I’ll see you Tuesday, October 29, 2019 6:30-9pm at DesignGroup47.com 47 Newbury Street (Route 1 North just before Sonic CarHop) Peabody, MA 01960 No charge to Members, Only $25 for guests or Only $14.95/month to join.

Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org

Of course we meet just North of Boston, Massachusetts and a little South of New Hampshire!

Good morning,

We're looking forward to see you tomorrow evening, Tuesday, September 24, 2019 at DesignGroup47.com 6:30-9pm!

1. LiAnn has done an Analysis on one of my rentals that I'm considering for "Short Term". She'll go through the Analysis that she recently completed for a 3 Bedroom, 2 full bath, with a garage and plenty of parking, Single Family Home on Village Street, Marblehead, MA

I've been getting approximately $2400./month (+heat & utilities) for the past 4 years but LiAnn is sure I can make much more with her iTrip system (AirBnB on steroids). And maybe even use her "Guaranteed Income" option? She'll walk us through the ProForma and Analysis then if you have a rental of your own, she'll be glad to provide YOU with an individual Report!

2. We'll also be covering Investment basics, how you can pay taxes (Roth) now, rather than when you make money on the investment!

Tuesday, September 24, 2019 6:30 - 9pm at DesignGroup47.com My good friend Carl will cover:

Einstein's 1st Law - How Interest is the greatest power in our world (and Taxes are the worst! for us TaxPayers)

How Checkbook LLC arrangements (bastardized Retirement accounts) can "blow up" (turn TAXABLE with Penalties) into problems!

How to easily steer clear of Prohibited Transactions!

Transfer and Rollover rules.

RMDs, Required Minimum Distributions (that go "Tax Crazy" 45%) if not taken in time!

You can copy his Private Lending CheckList

& Carl's 20 Ways to Fund a Deal!

and much more... Market Analysis, Buy-Sell-Network,

Doors Open at 6:30pm

Short Term Rental

and Strategic Tax Strategies that further your hard earned investing returns!

Recap and Adjourn 9:00pm

No charge to Members, Only $25. for Guests and Only $99/year to join ($10.97/month after 9/24/19)

DesignGroup47.com 47 Newbury Street (Route 1 North, just before Sonic CarHop) Peabody, MA 01960

I'm looking forward to see you soon and if you have any trouble with the Tremendous Home Depot discounts that your membership provides, email me ASAP!

@Sean Doherty Hey Sean,

Most banks in MA do them, you have to let them know it's a Tenant Escrow Account. No you have to send the interest.

@Carly M. Nothing in Plymouth? especially since Pilgrim is closing down....

@Faith Gracia Depends on how much you've got and what return you're looking for??

 I bought mostly high appreciating more expensive properties rather than cash-flows and think I did better in the long run...

PS North Shore is 15 minutes from Boston? at 3am? ;-)

Tomorrow evening Andrea will "Open the Books" on her latest 3 Family to Condo Conversion which looks like a Home Run!

We can meet at the Chelsea Home Depot and take our shuttle or go to the site directly. Members can text me for the Street Address 781-405-1845 We've got Rita's Italian Ice, snacks and a Raffle by our sponsor Home Depot for a brand new BBQ grill.

Welcome Contractors, Investors and Landlords.

No charge to Members, only $99.00/year to join or $25.00 per guest (can be credited to a membership that night!)

1. Ok, it’s a kids story but there’s an important lesson here… You should know a Real Estate opportunity when you “meet" one.

After our meeting this evening, Tuesday, June 25, 2019 6:30-9pm:

You will know, if you should make an Offer? You’ll also know your Maximum Offer! And whether you should Walk Away and let someone else Overpay in this Hot market?

Right now there are Too many Folks chasing Too little available Real Estate! The problem occurs when you let your emotions influence your Offer.

Keep in mind that US successful Real Estate Investors have to “Kiss Every Frog” and “Look Under Every Rock” so that we don’t miss ANY opportunities.

Seems everyone today is a Real Estate Genius, with the kind of Appreciation we’re seeing, of course, that’s temporarily true.

But as P. Brimley says

"Nothing Grows to the Sky!”

I’m not predicting a Recession or even a Slowdown but as you know we can make more on adding value, than we can by gambling that this high appreciation will continue:

I.e. Sometimes a $3,000. Exterior paint job can add up to $10,000. in value. Kitchens and Baths, Landscaping, etc

We’ll begin with analyzing a local Property:

Price/SF

Rate of Return

Income Approach GRM

Debt Service Ratio

If you’ve got a Property You’d like us to Analyze, you’re welcome to email it back to us (but don’t wait until 5:30pm today, an hour before the meeting) and we won’t use the address, remember sometimes we swim with the Sharks.

The most important Lessons YOU WILL learn tomorrow evening are:

How to come up with an accurate Value!

How YOU can develop YOUR own Guidelines/Rules of Thumb so you’re able to quickly Identify (Cinderella) a Real Estate Opportunity.

2. Also Scott has an important Presentation on Bed Bugs and other Pests so we know what to do right away when and if we encounter them!

3. And Marco’s authentic Restaurante’ Pizza.

No charge to current members, Only $25 for Guests and Only $99/year to join.

I look forward to see you soon, Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org

PO Box 307

Marblehead, MA 01945

PS Is there a worse mistake, Over Paying, that you can make in Real Estate, especially being in this Business Full Time? If there is, I haven’t made it yet. So let’s make sure we understand Values and Offers so we take that mistake Off the Table!

PPS 4.We’re working with a new Credit reporting agency which we’ll introduce this evening.!

PPPS 5. We’ll review 8 of the 12 Signs your Partnership is in trouble!

PPPPS 6. We’ll also have a gift certificate for the winner of our Marketing Handout challenge. Where we pass around a file with all the Marketing (email, postcard, & letter) Handouts you’ve sent or received, for your perusal. You’re welcome to initial ones you like and take a photo copy. The one with the most initials wins the gift card. So bring any Marketing Pieces you have!

PPPPPS 7. The best part of this evenings meeting is… we get to Network with YOU!

@Charlie MacPherson

this the old "Mike the Flipper" group?