All Forum Posts by: Mike Hurney

Michelle Wang,

With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).

There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e. Long Term non-paying Tenants.

They have properties worth $200, 300, 400k and their Tenants are behind, way behind. Most of our Members are baffled, typically saying: "How could they allow one of THEIR Tenants to be even ONE month behind?"

enough lecture.

1. I'd sit down with your $10k Attorney (What's this waste of time's name? So we can all avoid them) and I'd say:

"You were hired to get these Tenants out of my Property! $10k later, they are still in my Property, Property that you were hired to rid of Non-Paying Tenants. I insist that you complete the Task you were hired for with NO further compensation and I've also written a formal complaint to the "Board of Bar Overseers" over this matter!

Nothing more, Nothing less!

Mike

Hey Dean,

1st What would you do, so you wouldn't make the same mistake a third time?

hint - It ain't always them.

There are a few "fatal" mistakes you can make in Real Estate, seems those were only "flesh wounds" but not to be repeated!

“Wholesaling” Basics. "Sweat Equity” Must Freeze Your Credit? RE Market Update. Home Depot ProXtra account calls, Our Survey Says?

Tomorrow evening, Tuesday, September 24, 6:30-8:30pm On-Line, GoToWebinar meeting

Lincoln: "This Wealth Management Business I’m working in has taken off for me. I’ve got clients waiting for our morning Intake and Update Calls, also advising on some of the other things they want to use their funds for."

OK, go ahead Linc…

"Well you know the Market: Listing & Sold prices are still going up! I’ll look back to January for us, to illustrate this.

Sold prices are up, Even though Mortgage Rates are coming down.

However Lending rates are not in direct proportion to the Prime Rate at the Fed (1/2 point Rate drop at the Fed’s SACRED Prime Rate does not mean mortgage rates are down 1/2 point but they are down and I feel the Prime movement is more Psychological on Borrowers than any other factors. I'll go over what else is affected, Car Loans, Bonds, Stocks and more..."

Thanks Lincoln, see you tomorrow evening!

We've also got two Short Videos:

REAL ESTATE INVESTORS: At least once a week someone sends me a "Wholesale" (supposed to be below market) Deal that's more like Retail (at market pricing). We’ve got a Short Video that’ll show you how to Wholesale - Making money AND Protecting yourself!

"Sweat Equity" - Real Estate Investors & Homeowners can use sweat equity to do repairs and maintenance on their own rather than pay for traditional labor.

This may even Cost you more than you save! Like Deductions… I'll give you an example of MY "Duh" moment!

My good friend George, an Expert in the Credit Field has found a way that other Experts "Freeze" their Credit to avoid the Consumer Hacks impacting their accounts.

George'll give us his insight & Teach YOU How to protect YOURSELF from those common Breaches that surround us! Giving you Higher Borrowing Power at Lower Rates!

Vargas has been a Builder in Boston for over thirty years. He gave me some insight on one of my Projects, in West Roxbury He’ll be on!

Rosie Paul’s opening a Clinic in Beverly next month she’s so busy she can only give us 5 minutes into her Background, Concerns she overcame, and what her End Game is!

Survey Says - Topics you want at our upcoming meetings: Estimating, Wills and Trusts, Finding Deals, Finding Financing and ?Advertising signs?

[email protected] Director MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

We’re looking forward to see you Tomorrow evening, Tuesday, September 24, 6:30-8:30pm On-Line GoToWebinar meeting No charge to Members, Only $25 for guests and Only $149/year to join!

PS I’ve been Calling you Members and Expireds because Home Depot would like ME to make sure your ProXtra accounts are set up correctly from the START. Some of you guys aren’t even showing your spends correctly on your account or worse, you’ve Expired from Membership in MassRealEstate dot net & NewHampshireREIA dot org so guess what Nada, Nunca on your Rewards check:-(

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

@Colleen F. I hope you're right. I read both Sections 52 and 144 of Chapter 150 of the Acts of 2024 and it seemed like every Housing Court document would automatically be sealed.

SECTION 144. Section 52 shall take effect 270 days after the effective date of this act. May 5, 2025

PS Chapter 150 is like 138 pages long:-(

Sealed Evictions? No more Buyers Broker fees, Home Inspection Law, Water Heater RipOffs and Perks

Tuesday, August 27, 2024 6:30-8pm

AND Lincoln's Market Update! He thinks we may not be Plateauing, He sees some areas with Price Reductions:-0

Some Big changes to some of us, others have seen it coming and have been getting prepared.

I'll see you on Tuesday, August 27, 2024 6:30-8:30pm On-Line where we'll help you strategize for these changes if you're not prepared already.

By the way - Who's the worst Tenant you can have in your Rentals?

An Attorney? Law Professor? Law Student? Those go without saying. And they are not in one of the 15 Classes you can't discriminate against.

THE worst Tenant you can have, is one who knows the Tenant/Landlord: Rules/Regulations/Laws better than you. But it doesn't take much to get that knowledge -Yourself! More on 8/27

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945 No Charge to Members, Only $25/guests or Only $149/year for Membership!

PS Have you checked your "perks" at Home Depot? When they expire, you don't get them back. You also need to check that your membership is current in MassRealEstate.net/NewHampshireREIA.org

***PPS I was just in my ProXtra account and found out the PERKs I tried to use yesterday expired today. After a quick call (2 minutes and 31 seconds) Vincent renewed them and I've got the $75 I earned with my "Spends" at Home Depot!

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

RE Mentor!

Be very clear on what you want and a timeline with Mentors! RE Investing is Simple but not Easy;-)

Tonight we're doing : Finding Real Estate Deals in this "Tough" market A-Z

How come some folks are doing well, finding Properties to Buy/FixUp/Rent or Sell and others seem to just miss opportunities, then cry about it?

How come some folks are doing well, finding Properties to Buy/FixUp/Rent or Sell and others seem to just miss opportunities then cry about it?

Please register for Controlling Your Labor and Material Costs. Rather be Right or Rich? MassRealEstate.net & NewHampshireREIA.org 6/25/24 6:30pm on Jun 25, 2024 6:30 PM EDT at:

https://attendee.gotowebinar.com/register/883470391266119254...

After registering, you will receive a confirmation email containing information about joining the webinar.

Lead Paint? Catch-up with Peers on how to do your Projects 5/28 6:30-8:30pm
Update 5/27:

• 1. We'll have a short Presentation of Greg Russell's "Easily Generate Attention Getting Subject Lines for Your Useful Messages, that are often Overlooked." (OnLine Part 2 $77 Friday 7 pm)
• 2. Setting up Your Own Automatic Irrigation system (as if we need it lately:-(
• 3. Sorry no more Complimentary 1st time Guest Passes.

Thought I was busy, until I spoke to some of you folks! Here's a few of our Projects:
#Finished one of two kitchens with...

#Setting up for 17 CSF of Architectural shingles...

#Painting - we'll be using PaintShavers Pro 12Amp to strip the paint on 3 houses but we need a HEPA vacuum attached to it.
Tuesday's meeting Jerry will go through the Lead Paint removal laws and how he detects it with his X-ray gun.

#Salem now has an aggressive program to "Inspect"... 

#Working on stopping the Japanese Knotweed at one house... 

Anyway, My "busy" schedule is just about an average work load for some of you folks. It'll be good to catch up with you Tuesday at Pete's 47 Newbury Street (Route 1 North, jus before Sonic Carhop) Peabody, MA 01960

Have a Safe and Happy Memorial Day, Remember to Honor those that made our life in this great Country possible.
Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

PS Don't forget to check that your Membership is current at MassRealEstate dot net/NewHamsphireREIAn dot org to take advantage of the 5 Home Depot Discounts and Benefits and all the other Vendors that we work with on the Member Benefits page.