All Forum Posts by: Mike Hurney

What's the Draw? See you tonight Tonight, Tuesday 12/27, 6:30pm

Good morning, (this is a 2 minute 18 second read)

Mainly Home Depot!

When we began, around 1985 it was Tenant/Landlord issues that were the big attraction. How Mass was such a Tenant Loving state that no one in their right mind, would become a Landlord unless they wanted freeloaders and have to give houses away. Our Association was made up of about 65% Landlords and the rest, Investors and Contractors. We've pretty much solved most of our Landlording issues by having an annual visit from the Head of the Mass Housing Court, various attorneys, a better understanding of the laws and access to more accurate screening.

Enter Home Depot, the "500# gorilla in the room" which has dominated the Building Materials Industry. Not only do they seem to have everything (Over 1 million individual price codes in every store) but it's quality material, updated design & function. And the tools to accomplish installations.

Don't get me wrong, it does Pay to shop and Home Depot WILL beat written competitors prices.

However, like anything, what do you do with it? (Lucky Pierre story tonight)

Lately at our meetings we've been sharing our GOOD subcontractors. Don't forget, like gravity, the golden Rule of subs is that you can only pick two (Quality, Price or Time).

But the Burden for getting the RIGHT SubContractor is on you! Case in point, we recently went through 8 Blue-board & plaster guys, but only needed 1 Flooring supplier and 1 Installer to come as close as possible to get all Q,P&T!

Finally my point, we've got good Subs and excellent Material Suppliers to share and so don't you! We'll see you this evening for that and more.

at our next meeting 12/27 I'll finish the Flipping vs Wholesaling vs Retail vs Rental guide. Also Tax tips with Andrey & Robbie, Market Guide with Lincoln and Steve on his Hidden Market of Opportunity!

Problems, Concerns, Likes, Dislikes, Anything you need from the meetings? Mike@MassRealEstate dot net

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

Doors Open 6pm, 6:30 for Networking and Marco's famous Restaurante Pizza, 7:00 Meeting begins, Adjourn 9pm DesignGroup47.com 47 Newbury Street (Route 1 North, just before Sonic Carhop) Peabody, MA 01960 No charge to Members, Only $25 for Guests and Only $99/year to join!

PS Welcome to all our New and Renewing Members.

PPS ;-) Don't forget to maintain your Membership with us, to keep your 4 Home Depot Discounts and Benefits! (2% Cashback, 20% Off at the cash register, for all liquid paint, Access to the Bid Room for purchases totaling over $1700. and a Special discounted appliance catalogue!)

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

Tomorrow evening 11/29 Details & Agenda

I look forward to see you 6:30-9pm DesignGroup47 dot com 47 Newbury Street (Route 1 North, just before Sonic Carhop) Peabody, MA 01960 No charge to Members, Only $25/guests, Only $99/year to join!

6:30pm - Doors open, Networking, Marco's Pizza!

7:00 - Lincoln's RE Market & Mike M Mortgage, Updates. How's the Interest, Inventory & Demand eroded our Purchasing Power & Sales values?

7:15 - 1. Our Expert will go through EVERYTHING that you need to uncover, in a quick, personal, property Inspection. When you see a lot of houses like our advanced Investors see, it's easy to miss something that could ruin your deal$.

Also when you have an Expert put a report together for you, it's a powerful negotiating tool!

2. Case study of the Guidelines for a local "Flip". Knowing when to walk is crucial to your success! It's good, actually essential, to know your numbers before you knock on that door, send a letter or make that call.

3. How do you know what to work on with a Buy-FixUp-Sell? and the entirely different Buy-FixUp-Rent? I'm usually looking for 3X back but I see a lot of beginners improve things that don't make sen$e:-(

9:00 Recap & Adjourn

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

PS Welcome all you New and Renewing members. Sorry I've missed reaching out to you, I've been busy, like everyone else, of course. I'm combining my Buying machine techniques with Tony's and Stephen's, gotta tack with the wind (market). I'll send a personal email out this week and again I look forward to see you 11/29!

PPS Of course you know we're meeting just north of Boston, MA and a little South of New Hampshire!

@Arjan Amiri

Hopefully by now you've taken the course and are successful?

It's been my experience that you get out of Guru's/Courses what you put into them! No personal experience with Matt yet but I'm familiar with most, since I'm running several REIAs (mainly MassRealEstate dot net)

Or you can get a Liberal Arts degree for $60k/year and see how that pays off:-(

This Bob Bono's group?

I'll see you in 2 hours, 6:30pm at DesignGroup47 com

May 31, 2022 6:30pm Mike

#Linc's Market Update & an Infograph of What every Homeowner should know (Recession Impact;-0 you may be surprised)

#Networking, Marco's Pizza.

#Messages from our Vendor members:

Attorney Jonathan

iTrip short term rentals Expert Liann

Mortgage Guy, Mike

Professional Loss Adjuster, Len

#Insulation $avings & MassSave with Expert Rick.

#Update on our project, ready for Closed Cell & Minimizing Carrying Costs.

#Handout of our 19 Vendor Affiliates, especially Home Depot.

#Brian, National head of Home Depot Association benefits

I look forward to see you there! Mike Hurney, Director, MassRealEstate net & NewHampshireREIA org PO Box 307, Marblehead, MA 019454

DesignGroup47 com, 47 Newbury Street (Route 1 North, just before Sonic carhop, Peabody, MA 01960 No charge to Members, Only $25 for Guests & Only $99/year to Join.

[email protected]

Just North of Boston, Massachusetts and a little South of New Hampshire

@Daniel Scruggs

Nike: "Just Do It!" (yourself)

"...service just to collect rent and maybe find a contractor / handyman when needed." How about providing tenants with the Routing and Account numbers for your bank account. And an annual visit to check the condition of the units, with potential Contractor/Handypersons?

Once you've got volume, then hire someone directly to PM. I've found the typical Brokerage has the new person handle rentals "to get some money before the Listings/Sales kick in". They've got a split allegiance between you and the Brokerage Owner and guess who wins most of the time.

Good luck buddy and keep that Buying machine going!

Have a Safe & Happy Memorial Day, see you Tuesday 5/31

Good morning, You're welcome to check out a Great short video on our site MassRealEstate.net "Freedom isn't Free"

Tuesday:

Networking, Marco's Pizza, Market Update with Lincoln &

How to Max out Insulation for Big Energy $avings with Expert Rick. Do you know when it makes $ense to use Closed vs Open cell insulation or blown in Cellulose or Fiberglas? How about the Building Code requirements? You'll know for sure after joining us next Tuesday 5/31

What else are you guys doing to Combat inflation?

Let's network to find out, at the next meeting 5/31/22 6:30-9pm at DesignGroup47 dot com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 No charge to Members Only $25 to attend or Only $99/year to join.

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

PS Another high end builder, Member, showed us how they're using CDX with Tyvek, instead of overpriced Zip panels, so they can concentrate on the details that show!

PPS Don't forget to keep your Membership current for all the Home Depot Benefits and Discounts.

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

@Marvin Michel

besides your and our efforts, especially @Al D.

what's your Broker getting paid for?

I always know and check my competition, sometimes even providing potential renters with a list of the Overpriced or Distant competition.

"No Pets" might not be helping. Until I allowed them (document 30# or less) I had to turn away over half the applicants.

Mike

PS Do this yourself and take your SoulMate out for the night with the commission you'd waste on this Lazy so & so. You're responsible for everything anyway!

@Eileen Brown

Good morning Eileen,

I would set a time line and maybe make some sacrifices to get what/where you need.

There are many caring people looking for pets, if you need to reduce your "pack".

Mike

Remind me why you "Ha e to mo e back to the area for medical reasons."

@May Navamon Aunaetitrakul

I like group showings, then joining (by me or my agent) Tenants for the move in.

Some folks like individual appointmented showings. Depends on your style. If you can't deal directly with people, make sure your agent can.

Long ago you could lay-off L/T problems to a Property Manager, no longer, dispute or legal actions go right to the Owner and a 12 year old kid can track down the actual owner!