All Forum Posts by: Mike Hurney

Tonight TUESDAY Rents up, Update Asset Pro, Fence & Most Joy$

(voice message that went out yesterday 4/25, 1:11pm)

Good Morning,

There are a few unique challenges for us out there, let's get together and see how we're meeting them.

*Update on Asset Protection?

**Rent Increases?

***What do you do when a Neighbor’s new fence location is in question?

10 Remodeling Projects that bring homeowners the MOST Joy - and Cash.

This evening, Tuesday, April 26, 2022 6:30-9pm we’ll cover those problems and more!

I haven’t paid much attention to the Stock Market increases of the past two years which seem automatic and very HIGH! But I am watching those gains erode 2022 YTD

Lincoln’s got some STATs on the Stock Market for us that I’m sure you’ll find interesting! in addition to his Real Estate Market Report!

OK Market up for 2020 & 2021 maybe down in 2022YTD?

So what?

I’m a Real Estate guy and Real Estate is what I watch closely.

But I believe there’s a parallel between the Stock Market and Real Estate, that suggests the insidious nature of market downturns.

Will Real Estate values & Rents flatten out or even slowly drop? Despite what “experts” are saying?

Maybe, Maybe not.

*So this evening let’s take a look at what we can do as far as Asset Protection with Attorney Jonathan and Equity stripping with Mike M & his mortgage company!

**Next we’ll look at Rents, do you think you’re Low or High. Well think no more, I use 3 methods to determine if I’ve got the right Rent amount for our Tenants and I’m glad to share that with our Members!

1. First is Year over Year difference in Overhead (RE Tax, Insurance & Utilities).

2. And Comparing similar Units and what they’re charging now. There’s some software systems that given a radius to your Units and the Amenities you have will tell you where your rents are in comparison!!!

***Then We’ll be spending a little time on a Case Study we’ve put together on Boundries and Fences. There’s a very easy way to handle this, without alienating all the Parties!

Networking is SO important! I see a lot of you guys out there between our meetings and although we're busy let's make time for a slice of Marco's famous Pizza and share our success! I look forward to seeing you soon, Mike

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

Next meeting IN PERSON: Update on Asset Protection? Rent Increases? Fences & Boundries? & Networking

No Charge to Members, Only $25 for Guests or only $99/year to join.

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

This evening, Tuesday, April 26 6:30-9pm

PS last month Peter V. won the $50 gift card for Marco's new Restaurante' in Middleton, after correctly guessing the items our Home Inspector challenged us with. This month???

PS Please check that your Membership in MassRealEstate dot net is current, I'm having to renew a couple of folks just to get their Home Depot rewards (significant $) and with expired members I can't get them a check:-(

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

(4:17pm Friday) Good afternoon,

It's about time for our Networking, I see a lot of you guys out there between our meetings and although we're busy we can always make time for a slice of Marco's famous Pizza and share our success! I look forward to see you soon, Mike

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

Next meeting IN PERSON: Home Inspectors, Lead Inspector, Locks & Security, Rental Assistance Form & Networking Tuesday, March 29 6:30-9pm No Charge to Members, Only $25 for Guests or only $99/year to join.

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

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

 Since it's your first property, I'd suggest you find a good eviction Attorney to handle this (by attending a few Housing Court "sessions" to see who's good). There are several "mine fields" Professional Tenants are aware of and I believe you can help them move on and limit expenses.

Elijah, I agree with whoever said they don't think you screened them well enough. & Not sure what "...they informed me that they're out of work and broke." means? Did you call their employers? I'll PM you with how I handle it, Mike

Of course we cover Massachusetts and Southern New Hampshire and we're located just North of Boston.

Good morning,

I look forward to see you this evening

Important Insurance info! Deal Calculator & Haves & Wants.

Mike Hurney is inviting you to a scheduled Zoom meeting.

Topic: Networking, Deal Calculator & THE Correct Insurance - Monthly MA/NH meeting

Time: Tuesday, Dec 28, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting

Meeting ID: 880 2894 2843

Passcode: 007361

Once a year I try to consolidate all my Property insurance for updated quotes. This seems to pay off sometimes.

First, the “Dec” pages are the Summaries of coverage i.e. Deductible $250. Personal Liability $200,000. Which I was able to change to $1000. Deductible and $1,000,000. Personal Liability, For the SAME premium price!

Next, I remove the amount I’m paying when I send these out for a quote, so the agent doesn’t Low-ball us for the first year.

However

We’ve been disappointed the last few times:

Even more recently Matt read the polices wrong trying to disparage a current carrier.

Thomas was higher for all properties but he did encourage us to get a policy on vacant land.

Salem savings was higher on all properties but said they could cover almost all of them, being a single source:-0

Liberty Mutual redlined everything in Marblehead because of the Harvard study on eminent Hurricanes (flood zone:-(

MetLife will only cover an Owner Occupied and 4 others.

So

When I read a strategy some of my friends have (not Self-Insurance) but a Commercial policy, I thought it may be time to review that option.

This evening, December 28, 2021 6:30 -9pm Jim will have an analysis of that Commercial option with my coverage. Making sure we've got ”Rental Reimbursement” which our buddy Steve said, saved him over $90,000. in reimbursement not too long ago!

& a Review for Contractors Insurance:

What coverage do you have?
Do you use a Standard Contract? Which is enforceable?

We’re ALL very busy, so you may want to take a few minutes for THIS short review, This evening.

Also

There are 4 ways I’ve used to quickly analyze properties to Purchase. I’ll review those AND John’s Deal Analyzer which is in our Members section of MassRealEstate.net

Very Often folks ask me for a "Hard Money" Lender to finance one of their "Killer" Deals. When I send them to a members website and they input their data, the Lender calls and tells them: "NO, I can't Lend on that!"

Then they ask me for another Lender and another Lender. Completely missing the Point!

Wouldn't you like to know in 5 minutes, Upfront, whether You have a Killer Deal and whether you could Finance it?

John will go through his easy to use Deal Analyzer with us, so you'll know the answers to those 2 important questions on this Zoom call

Finally

Haves and Wants, There are always moving parts in any deal. Sometimes we Underestimate them, Some times we Overestimate them. This’ll be your chance to share either, with your fellow Investors/Landlords/Contractors!

I look forward to see you on Zoom, this evening.

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

PS Glad we took Housing Court Judge Tim Sullivan’s advice for checking on a Tenant!

PPS All you Members of the Military, Veterans & Spouses, have you filled out the new HomeDepot.com/military/ form for your 10% discount? Pain in the butt but it’s a Must-Have starting 1/1/2022

Good afternoon,

1. Which of the (9) Toilets, priced between $179.- $600. would you purchase for a Buy-FixUp-Sell house? which for an Owner Occupied home?

2. When buying Carpet, Home Depot stocks (396 ranging in price between $1/sf and $5/sf)? And when do you NEVER buy padding with it?

3. Which type of Smoke Detector is Approved and which is Dangerous (Ionization vs Photo Electric)?

4. Which of the (16) different kitchen faucets (priced from $99. to $650.) will outlive you? Which need the 30/30 Guarantee?

Folks it's not always the least expensive.

This next Saturday November 6, from 5-7pm we'll tour the Top Home Depot Store in our area with Manager Kyle (who's spoken to us, at our meetings;-). We'll also be guided by One of the Most Successful Rehabbers in the USA.

We'll learn How and Why to select:

* Which flooring: wood, laminate, vinyl, porcelain, ceramic or epoxy (98 in stock at Home Depot $1.69 - 42.29/SF)

* Carpet? Texture, Pattern, Berber weave? (396 in stock $1-$5/SF).

* Cabinets? (696 available? $93-$253.)

*Roofing shingles? (11 in stock today $34-$79.60/bundle) What's a bundle cover? what's a Square? (Square is 100SF Measurement by Roofers) How many Bundles per "Square" (some are 3, some 4 :-0) Also Venting? & Underlayment??

* Which of (16) Faucets & (9) Toilets mentioned above??

This Saturday 5pm we'll meet at a Kelly's Roast Beef for a wrap (Buffalo Chicken, Roast Beef, Veggie, or Turkey) and soft drinks on Me! Then The very Successful Rehabber will provide orientation while we dine, then accompany us to help pick the Best items for our projects with Kyle the Store manager!

No charge to Members, only $25/guests or only $99/year to join.

You can Email me, [email protected] for the location we're selecting, for refreshments and the Home Depot store location!

I look forward to see you soon! Mike Hurney, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS You may want to join us 11/6-8 to learn "How to Fish?" That is, find Properties for Yourself, Below market that no one else is aware of or competing for with Tony Youngs! 3 Day Hidden Market BootCamp with Tony Youngs! Tony asked me to keep the price at $997. or $297 for former students-)

PPS Please check that your Membership is current with us & your CCs are up to date, in your Home Depot accounts. This week I straightened out a "Stale Dated" rebate check for $2800 for a member and confirmed there is NO ceiling on the 2%cashback for a Big builder.

MA/NH meeting November 6, 2021

Sometimes we know what to do but...

Good afternoon,

Folks, Sometimes we Know what to do but it seems Difficult...

for example: Finding properties in this HOT market that we can Purchase Below the market price.

However, sometimes, someone appears that shows us a very Simple way to do that!

Tomorrow we've got Tony Youngs, teaching us, LIVE, How simple it is to Buy Properties below the Market Price with his 3 Day Bootcamp. You're welcome to sign up here Tony Youngs 3Day Hidden Market BootCamp

and tomorrow evening, also LIVE, 5-7pm we're on a Home Depot tour where we'll learn which of their 1,000,000. SKUs are Best for our projects. email me for the addresses [email protected]

I'm looking forward to see you at Both events, Mike Hurney, Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS On Tony's weekly Thursday evening Webinars (for his many students) he's been Coaching on How to handle Properties going in or into Foreclosure & Bankruptcy. Tony happens to be an Expert in handling those Sellers and their Properties, which he'll also cover tomorrow. I believe it will be to your benefit to understand this, with the huge wave of Forbearance coming our way!

Hidden Market & Home Depot Tour

Good afternoon,

1. Which of the (9) Toilets, priced between $179.- $600. would you purchase for a Buy-FixUp-Sell house? which for an Owner Occupied home?

2. When buying Carpet, Home Depot stocks (396 ranging in price between $1/sf and $5/sf)? And when do you NEVER buy padding with it?

3. Which type of Smoke Detector is Approved and which is Dangerous (Ionization vs Photo Electric)?

4. Which of the (16) different kitchen faucets (priced from $99. to $650.) will outlive you? Which need the 30/30 Guarantee?

Folks it's not always the least expensive.

This next Saturday November 6, from 5-7pm we'll tour the Top Home Depot Store in our area with Manager Kyle (who's spoken to us, at our meetings;-). We'll also be guided by One of the Most Successful Rehabbers in the USA.

We'll learn How and Why to select:

* Which flooring: wood, laminate, vinyl, porcelain, ceramic or epoxy (98 in stock at Home Depot $1.69 - 42.29/SF)

* Carpet? Texture, Pattern, Berber weave? (396 in stock $1-$5/SF).

* Cabinets? (696 available? $93-$253.)

*Roofing shingles? (11 in stock today $34-$79.60/bundle) What's a bundle cover? what's a Square? (Square is 100SF Measurement by Roofers) How many Bundles per "Square" (some are 3, some 4 :-0) Also Venting? & Underlayment??

* Which of (16) Faucets & (9) Toilets mentioned above??

This Saturday 5pm we'll meet at a Kelly's Roast Beef for a wrap (Buffalo Chicken, Roast Beef, Veggie, or Turkey) and soft drinks on Me! Then The very Successful Rehabber will provide orientation while we dine, then accompany us to help pick the Best items for our projects with Kyle the Store manager!

No charge to Members, only $25/guests or only $99/year to join.

You can Email me, [email protected] for the location we're selecting, for refreshments and the Home Depot store location!

I look forward to see you soon! Mike Hurney, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS You may want to join us 11/6-8 to learn "How to Fish?" That is, find Properties for Yourself, Below market that no one else is aware of or competing for with Tony Youngs! 3 Day Hidden Market BootCamp with Tony Youngs! Tony asked me to keep the price at $997. or $297 for former students-)

PPS Please check that your Membership is current with us & your CCs are up to date, in your Home Depot accounts. This week I straightened out a "Stale Dated" rebate check for $2800 for a member and confirmed there is NO ceiling on the 2%cashback for a Big builder.

We look forward to see You Tuesday, October 26, 2021 6:30-9pm at DesignGroup47 dot com, 47 Newbury Street (Route 1 North) Peabody, MA 01960

1. Voice Message that we sent.

Victoria: (1:03)

"Good morning this is Victoria Meyer

That is, formerly Victoria Hurney and I’ve got an important message for our MassRealEstate Association

I’m here with Tony Youngs to let you know about a special opportunity TOMORROW (Tuesday October 26) 6:30-9pm

So please mark your calendars and do not miss this important meeting at DesignGroup47 in Peabody, MA

Tony will be giving us a preview of His Hidden Market BootCamp November 6-8!

It’s been a couple of years since Tony’s been here BUT he’s been speaking all over our great Country, helping folks find his famous Hidden Market Deals!

Tony, what I’ve been seeing here is that folks are bidding up the list prices of houses AND they’re counting on Appreciation & Inflation to increase the Value and their Profit

BUT what if it doesn’t continue? I suppose it’ll be OK for Owner Occupants.

BUT how would us Investors make Profit?

So it seems that it’s very important to buy at “Below Market” prices like you teach in your Hidden Market BootCamp, Right?

Oh,

Before I turn it over to you, Do you mind if I stop by the BootCamp, Saturday, November 6? There’s a little someone that would like to meet you?"

********************************************

Tony: (0:57)

"Yes Victoria, that’s exactly what we’re going to be doing!

You know auctions are not the way to get a good deal any more nor is buying on the MLS.

What I do, is I teach people to go into a neighborhood and find unlisted homes, that is, Distressed houses with no For-Sale sign!

You see every neighborhood has people going through job change, bankruptcy, divorce, behind on payments, death in the family, foreclosures, etc

And I’m going to teach people to go into a neighborhood and find who those people are, so we can buy these homes below market, that’s the only way!

That is the wave of the future!

The only way we can make profit in this crazy market!!

So for those folks who come to our meeting tomorrow evening, I’ve got a free DVD, just for attending! that tells all the details of the Hidden Market system.

And of course Victoria, I look forward to see the two of you!"

Victoria:

"That’s wonderful Tony and we can’t wait to see all you folks too!"

2. We've also got the local Market update for tomorrow evening.

and

3. I put a Special White Paper together for you:

How to Raise Rents? and How Much?

I look forward to see you soon! Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945 No Charge to members and Only $25/guests or Only $99/year to join!

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