Tales from Housing Court - Eviction service with a smile
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As I was in Housing Court yesterday, I was thinking of how great of a Blog this would be. I have a tenant, a younger couple, who has violated many of the terms of the lease. Destruction of property, domestic violence, sub-leasing to other tenants, and posseision of a class D substance on the property. I know what you're thinking, "The shock and horror of having "those people" in the building. How terrible". Well before I go there, let me just say, that all of us were younger once, we all have made bad desicions, and hopefully, we all have... continue reading >>
Slight signs of recovery in Massachusetts
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Last Fall, when we were putting in offers for mulit-family apartment buildings, there were no other buyers out there in the market. Occassionally we would be out bid by another saavy investor in the same market, but several of our offers were unopposed with any other offers at all. On three of the deals, we were the ONLY offer. In fact, one of the offers we lost the bid, came back onto the market and we were notified immediately as the back up offer. So even if you ARE out bid – make the offer. You never know.
In that... continue reading >>
NOAH'S ARK TODAY
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In the year 2009, the Lord came unto Noah,
who was now living in the United States, and said:
"Once again, the earth has become wicked and over
-populated, and I see the end of all flesh before me."
"Build another Ark and save 2 of every living thing
along with a few good humans."
He gave Noah the blueprints, saying:
"You have 6 months to build the Ark before I will
start the unending rain for 40 days and 40 nights."
Six months later, the Lord looked down and saw Noah
weeping in his... continue reading >>
Appraisals Yield Unexpected Results for Investors
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Recently, a Realtor friend of mine, who is the Regional President of a local Realtor Chapter, approached me to collaborate on an article for one of our local newspapers about the real estate climate in our market. My friend approached me because he knows of my involvement in the Northern Worcester County Landlord Association as well as being an active buyer in today’s market. The idea was that the story would have two perspectives. One view would be from the investors who are buyers in this market. The counter point would be the perspective from the Realtors working in... continue reading >>
The NWCLA has moved!
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THE NWCLA IS MOVING!!!
The Northern Worcester County Landlord Association is moving our monthly landlord member meetings from the Monoosnock Country Club, to the Monty Tech “Tea Room” in Fitchburg Mass starting effective for our March meeting on Thursday, March 12, 2009 at 7:00 PM.
When you get to Monty Tech, just drive around the right hand side of the building behind the Dukakis Performing Art Center.
Our Guest speakers will be Bernie Sullivan of the Gardner Board of Health. Michelle Powell of the Leominster Board of Health, and Cindy Soule from the... continue reading >>
That Man Behind The Curtain
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Time to come out and play if but only for a while. As you already know, there are some players on this site really doing deals and making it happen in these "down" times. Well, lately I've been absorbed in deals going on and have surfaced for air from what has been a wild trip.
On a quest to obtain more rental units at great prices, I have started marketing direct mail getting 11% returns and pre-qualifying the sellers to hold notes for 25% to 30% for the sale. I have the funding all set up and have... continue reading >>
Bricks and Clicks – The Birth of a Landlord
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Bricks and Clicks – The Birth of a Landlord
By Brian Lucier
My father was a construction contractor always building houses when I was a kid. I remember learning how to carry plywood and being on site with my brothers at a very early age. He built the home we grew up in and built and owned a block of 8 apartment buildings. When I was growing up there was always some discussion of real estate and building around the dinner table.
He loved it.
He loved working, and he loved being able to provide a... continue reading >>
Happy New Years REI.com
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Hi Colin and the rest of the REI team,
I wanted to thank you and the rest of the REI team for such a GREAT year here on the site. I remember when I joined there some 8,000 members, and that was just about 4 - 5 months ago. You are now topping off almost 15.000. Nice job to you and all of your team.
I also wanted to thank you for the network of so many solid RE people. Folks like Jeff Tumbarello and John B. Corey are an asset beyond mention to the tone of... continue reading >>
Catching Deals With Awesome ROI - Find Out How We Do It
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Hello REI community and Happy Thanksgiving.
I told my wife I was going to sleep in today and get some rest. But there are too many deals out there to do. Who can sleep with so much to do? So I thought I would log in to share my progress then get to work before the turkey hits the table.
My friend Dewain on this site has been busy doing deals. I love reading his posts because he inspires me to get out there and do more. All the time you see him write "Go Buy... continue reading >>
Snapshot: A letter between RE investor friends
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This is an excerpt between a friend and myself about the current market conditions where we have been scooping up deals. I made him an offer in the letter to partner with him and I thought I would do the same for all of off the REI.com members. Happy to help in anyway that I can.
"So you’re telling me that for 40k I could get a 3 family out in Gardner and clear 1300 after the mortgage, taxes and expenses? I’d do that this weekend if that’st he case. Generally how do you find the tenants? Do you have... continue reading >>