All Forum Posts by: Mike Hurney

Seems to be an active FB presence for Western MA. If you can't find it, PM me at Mike@MassRealEstate dot net

I expected a correction over a year ago. But the best explanation I've heard for this continued appreciation is that:

The Population has continued to Surge and Inventory is the lowest since it's been tracked, 1950s.

I'm usually careful to have shorter term projects 3 months max, so I can see something coming and act accordingly.

& Dollar Cost Average - Buy something each year. So you buy high and you buy low. Averages out...

Then of course in the high market, maybe now in Boston, you can "cull the herd" dump a dog that's not performing.

@Steve Mitrano as Jim Cummings said D/W check competition.

W/D No! Coin op in the common area (basement, etc)

We’re getting ready for our meeting this Tuesday, September 25th at 6:30-9pm!

We’ll start off with Networking and Marcos delicious Pizza

1. All too often I refer folks to John for Private (used to be called Hard) money loans on Real Estate and occasionally he can't finance the "Deal". So they ask me Can you give me some other Lenders?

Well the simple answer is:

If John won't do the "Deal", then it ain't a DEAL! You can go back and negotiate what John says he WILL do!

So, let's listen to John, he'll go through his site and algorithms to see what we should be putting together for Terms on our next Deal. He'll also update us on the many deals he's financed recently.

2. Then we’ll be hearing from Len Theran a professional loss adjuster. Len combines an extensive engineering background with over thirty years experience in adjusting property insurance claims for US policyholders.

"If you've got a loss and think you can work with your Insurance Company, think again, I couldn't and I'm glad I did end up using a Loss Adjuster. This Adjuster got me back to where I was, before a Tenant had "accidentally" set an apartment on fire." Mike

Len’s technical and business background gives him a unique perspective when adjusting industrial losses. Of particular value is his ability to understand and focus on business problems that result from a loss and utilize insurance benefits to help resolve them. As a result, he has handled many significant industrial, commercial, and building losses.

3. I attended an Open House for an upcoming Auction this week and I was surprised at the discrepancies in what Investors and Home Buyers had for rehab costs sooooo We’ll review what it does cost for rehab? Which ratios you should use? And how to estimate your HARD Maximum Offer!!!

*Finally, "If you're looking to buy your dream home, your next lucrative flip, or your "golden goose" rental property, my mom Roberta will find exactly what you're looking for and at the best price." Victoria

We look forward to seeing you Tuesday, September 25, 2018 at 6:30-9pm

No charge to members, Only $25 for guests or Only $99/year to join!

The address is DesignGroup47.com 47Newbury Street (Route 1 North, just before Sonic carhop) in Peabody, MA 01960

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

PS Tony's Hidden Market for Off Market property Tuesday, October 30, 2018 6:30-9pm

Of course we're located just North of Boston, Massachusetts and a little South of New Hampshire.

@Chan K.

by the bye,

you may want to put a crew together, Plumber and Carpenter, to check and correct anything under the kitchen and bathroom sinks. When I change Insurance carriers they want a photo of those areas...

@Chan K. I've got three different carriers. They seem to only take 4 or 5 properties each. I'm not happy with them and have my Dec Pages (redacted prices) out for a review.

What do you have for coverage?

I used to have $250 deductible and $300,000 personal liability. No claims like you. I changed them to $1000. deductible and $1m liability. Same price!;-)

You can PM me,

Mike@MassRealEstate dot net

I'll give you my carriers contacts and if Julia gets back to me with a new quote I like, I'll forward that also.

Not good, those MoFos jacking your premium 30%:-(

@Chan K. Wow:-( check the property addresses (maybe mistake and listed in North Carolina?)

Hey Guys, very tough to get a handle on the market in PR. I usually stay at nice AirBnBs. Last recent trip I was in a condo unit that the owner purchased for $165k. looked good and it was cash flowing, I was almost ready for a similar one but two floors up a nicer unit went for $135k and two floors above that two units had sold for $65k each.

How to figure that market and get the inside track is what I'm working on!

Final reminder for this evening at 6:30pm

Air Conditioned, Ice Cold Drinks, Marco's authentic Pizza and you for Networking.

Robin will be showing us how we can "get the word out" about what we do. Perhaps folks and neighbors have no idea what you do. After our Tuesday, August 28 meeting Robin will show us how to make sure EVERYONE knows what we do and how Simple it is to get the word out!

This just in:

How would you like to be THE AirBnB expert in your circle of friends? Receive referrals or Do it yourself? After tonight you'll know Short Term Rentals A-Z

Here's part of Liann's agenda:

I want to try Short-Term, now What?"

* 4 Most important considerations

* Options

What is Short Term Rental Management? Guaranteed Income Program?

* Comparison of Long Term, Short Term & Guaranteed Income?

* Case Studies of Long Term and Short Term?

*New Style STR Management and How Liann's company Increases Owners Income?

Liann has a drawing ($50. at Marcos) for those who sign up for a no-obligation consult on their own BnB!

** You could Register Now at our MassRealEstate dot net homepage for this important meeting....

We look forward to see you there, at our Tuesday evening, August 28, 2018 6:30-9pm meeting. 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

This just in… I’ve had several requests in the last couple of days for Wholesaling - either folks that have wholesale (which means not ready for the Retail market) properties, ready to sell to Contractors or Contractors looking for wholesale deals. So this evening we’ll devote a little time to this. I’ve only got two rules.

1. You’ve got to have it Under Contract!
2. It cannot be listed with a Real Estate Broker!!

(I’ll gladly explain why, this evening, if it’s not obvious to you;-)

Good afternoon [First Name], we’re getting ready for our meeting this evening Tuesday, July 31st at 6:30pm!

We’ll start off with Networking and Marcos delicious Pizza

Then we’ll be hearing from Maria, a small portfolio property manager. The benefits of having a Property Manager is to handle the essential details of your business so that it will run most effectively and efficiently, particularly but not limited to:

• Finding the right Tenants
• Executing Leases timely
• Establishing a pattern of timely rental payment receipts
• Organizing, Scheduling and Budgeting Maintenance Repairs
• Maintaining overall communication between Landlords and Tenants

She's also got a great Handout with "The 7 Key Rules of Managing a Property" including:

The Action that has improved her business the Most!

Next, we’ll hear from David - one of the top closing attorneys in our area.

He’ll show us the difference between a Lender’s Title Policy and an Owner’s Title Policy

• What’s covered and what’s not?

You’ll also learn how to check a Title to see what you’re buying and whether it’s encumbered beyond the cost you’re willing to pay and how can you “clear” the Title of a property that’s Bank Owned/Foreclosed/Repossessed/FSBOed?

Finally, If you're looking to buy your dream home, your next lucrative flip, or your "golden goose" rental property, my mom Roberta will find exactly what you're looking for.

We look forward to seeing you this evening, Tuesday July 31, 2018 at 6:30 pm

No charge to members, Only $25 for guests or only $99/year to join!

The address is 47 Newbury St, (Route 1 North, just before Sonic carhop) in Peabody, MA

Victoria Hurney PO Box 307, Marblehead, MA 01945 [email protected]

Of course we're located just North of Boston, Massachusetts and a little South of New Hampshire