Members Only! Advanced Estate Planning. Recession! Commercial Property. GoToWebinar 11/28/23 6:30pm
I hope you also had a great Thanksgiving!
#It seems most of us have focused on Asset Protection from Frivolous Lawsuits & Fraudulent Creditors Claims while trying to be "Tax Efficient" but what happens to your Estate now? and in the future, as we transition? Our National expert, Estate Planning Guru has some answers AND questions you should be asking yourself!
#Lincoln's Real Estate Market Update!
#Where are we in the Real Estate cycle right now (check out this leading indicator:-( and what Important steps should we be taking to protect ourselves.
#How do you know it's a good (Commercial) deal? Easy to figure for Residential Real Estate but the guidelines for Commercial and larger Income Properties are different. With the High borrowing Interest Rates (& Plenty of Cash) you've got to be very careful. Primer: "Cash on Cash Return" and "Cap Rate" with Kevin.
I look forward to see you tomorrow 11/28/23 6:30PM GoToWebinar
Mike Hurney, Director, MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945 Mike@MassRealEstate.net
Tuesday October 31, 2023 6:30-8pm (on-line)
Avoid PROBLEMS (w/Contractors Insurance)
What are you actually BUYING? (basics of Title Searching)
& $Gift Card for the Best Tenant SPOOKY Story. (guidelines WID, WH & WIWIHD. 25 (ok 50) words or less, No personal details will be shared but document to Mike.
Important Graph Adjusted 9/8/23 Forecast from the "Experts"
Tuesday, September 26, 2023 6:30-8pm on-line GoToWebinar
We look forward to see you for
Money for "Over-Asking"? Tax Tips, Building Code & Tenant's Sanitary Code. Also Your Buy/Sell concerns?
Click here! & We'll see you this evening, Mike
Anything to share with our Association, Concerns, Successes? Mike@MassRealEstate.net
New Trivia 9/26 to win a Marco's Restaurante Gift Card!
See you on-line GoToWebinar, Mike
Tuesday, August 29, 2023 6:30-8pm on-line GoToWebinar
We look forward to see you
6:30-7:30pm, RE Investing dilemma, Invest in Maintenance: $in vs Downside. Pets, & Your Buy/Sell concerns? Q&As
*1. Friend just bought a Commercial/Industrial building on Eastern Avenue in Gloucester, his Dilemma: Restore it to Business & Apartments, Condo it, or make it all Apartments?
I know what I'd do! What do you think?
*2. What costs under $50 for parts, under $100 in Labor but could Cost YOU tens of thousands if it fails? Answer with Pictures at 11pm, kidding, Answer in the next email.
*3. Know how complicated the Pet thing is for Landlords? We've got an hour long video presentation that I'll bet you don't last through!
and RE Market update with Lincoln!
Tenant/Landlord Q&A (What's your 1st move when Rent is late?)
Contractors Q&A (Residential Handrails, When and Where?)
See you tomorrow evening, Mike!!
Anything to share with our Association, Concerns, Successes? Mike@MassRealEstate.net
New Trivia 8/29 to win a Marco's Restaurante Gift Card!
See you on-line GoToWebinar, Mike
Trivia ANSWERS - We had a tie last night 7/25/23 David & Peter, both win cards!
- Trivia Question 1 Staging a rehab means?
- Placing furniture and decorations in a property for resale.
- The different phases of construction.
- The order in which permits are certified.
- What gets rehabbed and when.
Trivia Question 2 Which was the first state to adopt and legalize the LLC?
- Nevada
- Wyoming
- Delaware
- None of the Above
Trivia Question 3 The Last State? Massachusetts
Trivia Question 4 What is “Pass–Through Taxation” with an LLC?
- An LLC doesn’t have to pay taxes.
- LLCs only pay taxes at the owner’s personal income tax level.
- The IRS allows an LLC to “Pass” on paying taxes.
- An LLC pays taxes at the business level.
Trivia Question 5 What needs to be in a contract for it to be assignable?
A) And/or Assigns (as part of the buyers name)
B) An Assignability Clause
C) Nothing at All. All contracts are assignable unless they specifically have a Non-Assignability Clause.
D) All of the Above
Trivia Question 6 What does the "Right of First Refusal" mean?
A) You have the right to purchase a property at the same terms as a seller may have accepted from another party.
B) You have the right to refuse an offer
C) You have the first right to exercise an option
D) All of the Above
Trivia Question 7 What is the Hot Water range that must be provided to any Massachusetts Tenants Baths or Showers?
A) </= 211F
B) >/= 33F
C) 110-130F
D) 110-120F
Trivia Question 8 What minimum temperature must be maintained to all Habitable rooms and bathrooms for any Massachusetts Tenants?
A) 64F Year round
B) 68F Year round
C) 68F September 15th - May 31st
D) 68F September 15th - May 31st 7am - 11pm & 64F 11:01pm -6:59am
(Trivia Questions and answers - Thanks to Mike Jacka and the Massachusetts State Sanitary Code!)
Tuesday, June 27, 2023 6:30-9pm
* Doors open 6:00pm New Member Orientation,
Buy-Sell-Networking & Marco's famous Pizza.
* 6:30 Lincoln’s Market Update & Nick’s Legislative Report.
Making Offers Like a Pro
If you’re not making offers, you’re not buying houses.
Thanks to your REIA, you now have the tools to help you do just that, Make Offers that Get Accepted.
My name is Mike Jacka, a full time investor of 25 plus years and the developer of the Property Analyzer Tools that are available through this REIA as a Premium Upgrade.
At this training I will show you how to Quickly and Accurately Estimate Repairs, Analyze a Property and Make Offers that Get Accepted.
One of the things that hold many people back is the fear of making a mistake because they may have missed something or that they think they don’t know all the details that the experienced investors do. Over the years I have developed systems and checklists to help my staff and agents collect the required information and how to read/analyze the information so that it all makes sense. The next step is how to use all that information to make an offer that the seller is more likely to accept and how to make money from the deal once the seller accepts your offer.
The national average of deals to offers ratio is around 20 offers made to buy 1 property. That simply doesn’t make sense to me. Most people that follow my system have reduced that number down to buying 1 out of every 3 offers they make.
I set out to create a simple yet effective system so that I could get anyone trained within a few days to go out and find deals for me with little to no experience. It took several years of trial and error to find the right process, but it was worth it because now I can hire someone new, with no experience and have them finding deals and presenting offers while I am traveling around the country doing what I love; helping others find their own success.
Why does this system work?
Because it looks at the most important numbers and presents you with a few different ways to buy a property and more importantly, it also shows you the appropriate exit strategy for each offer and what your potential profit centers are in each deal based on the unique circumstances of your deal, not just hypotheticals that do not relate to the deal you are looking at.
During our Premium Members Training/Mastermind Sessions, I challenge the students to go out there and just do it. Here is an email I just got back from one of them the other day.
| |
I was excited to learn that I had won the contest for your package but I learned even more by just doing the actions it took to win it. It sure gets the pit of your stomach working a little overtime but that’s where the good stuff lives. Thank you for the time you take to help countless people trying to work on their dreams. It helps us prove to ourselves that it is possible. Thanks again Mike!! |
|
Get Pre-registered now and come to the meeting with your questions at hand. I want you to be as successful as you possible can be and that starts with showing up. See you at the meeting. Mike
What will you learn at this special training?
- How to Quickly and Accurately Estimate Repairs in 10-15 minutes
- How to Find Comps (Comparable Sold Properties) even without access to the MLS
- How to use a Seller Net Sheet as a Negotiating Tool
- How to Analyze every Property Quickly
- How to Construct Offers that Sellers are more likely to Accept.
- How to Present your Offers Professionally
Mike will walk you step by step through his process of looking at an making an initial repair estimate on a potential deal, and show you how he does this in 10-15 minutes so you can quickly calculate your MAO (Maximum Allowable Offer) for cash deals.
9:00pm Recap & Adjourn
Tuesday, July, 25 2023 at 6:00 to 9:00 PM
Every last Tuesday of the month DesignGroup47.com
47 Newbury Street (Route 1 North, just before SONIC Carhop) · Peabody, MA 01960
No charge to Members, Only $25/Guests, Only $149/year to join!