Diary of a Newbie Real Estate Investor – Rehab Tour, Sat. 8/9/2014

IMG_6048  Good morning folks!

I got some incredible news from Mike and Jacqui yesterday!  They closed on their property and we are doing a Rehab Tour on Sat, 8/9/2104 at 1pm at 26 McAdams Rd, Framingham, MA.

Please RSVP to Bernadette@BostonAREIA.com to let us know you will be there.

Check out Mike and Jacqui’s post:

mike and jacquiWe are excited to announce that we closed on 26 McAdams Rd, which is a single family home in Framingham that we picked up off market and are going to rehab and sell. It is currently in rough shape, it has been vacant for 3 years and needs a complete rehab. We will be posting about how we finanaced the project, started our company, and are managing the budget and work items for the rehab.   

We are about 1 week into the project and moving along quickly with demo and landscaping. We will be sharing renovation plans and progress pictures shortly! 

For now please check out our before rehab pictures

Have a great weekend,

Mike & JacquiFITZPROPERTYREHABTOUR

Attention Boston Flippers – Deals are flowing

Bernadette Trafton, Chief Connector   Attention Boston Flippers, Real Estate Investors and Rehabbers in Boston, Buy and Hold investors and more!!!

Deals are flowing in and around Boston!  The last few weeks have been incredibly exciting!  Nothing pleases me more than when my new and seasoned Boston Real Estate Investors email and call me telling me about their deals!!!  If you were at Boston Area REIA last week, you would have heard our Mentee Mike Fitzpatrick talk about his first deal!  The exciting part is that Peg Graveline of JEM Property Group and I have been having almost weekly sessions with Mike and his partner Jacqui Pietrzak.  We’ve been hitting hard on finding deals, contract negotiation and more.  I know that Mike and Jacqui were probably sick and tired of hearing me push marketing and getting their website set up and more.  But, in the end that paid off!!!  Last week, a lead came in through their website that was created by our friends at Thrivehive!  Yes, I will personally connect you with them, if you’d like me to!  After the website being up for 2 months and actually live for only a month, a lead came through.  Mike and Jacqui will tell the whole story in their blog “Diary of a Newbie Real Estate Investor”, but, they got Peg on the phone and after following her guidance, put the property under contract and are working through the deal right now!

Right before the meeting, I got another email, from one of my newest investors saying that he had a property under contract in Mattapan!  He wants to wholesale this folks, so, if you are interested, contact me.  This may be an awesome opportunity for those looking to buy and hold and could be great for those Boston contractors out there who are looking to get in the game and will do the rehab themselves.

I got another phone call right before the meeting from an investor who had a deal under contract and they were looking for hard money lenders.  I saw them at the meeting and they let me know they were working with a lender and the deal was in progress!

Then I got an email from another Boston Real Estate Investor, letting me know that he had a deal.  We are still vetting everything so, I won’t get into the where’s and the what’s of it all.

I’m getting so excited about all the activity, that I’m setting up a member specific email list to send the wholesale, buy and hold and other deals that are flowing through the group!  Become a member today, to be the first to receive news of these deals!  If you need another reason to become a member, be sure to check out all of the member benefits that can save members hundreds and thousands year.  I’ve always said that it costs more NOT to be a member of BostonAREIA!  My brother, who is a contractor saved 70% on paint through the Sherwin Williams paint discount alone! It was definitely more than the $175 it costs to be an individual member!  Oh, and if you were at our last meeting and you didn’t become a member, expect an email from me with a coupon thanking you for being a visitor in June!

My life has been crazy the last few months.  My mother has been ill and in and out of the hospital, I’ve been having tenant issues, family craziness and more.  We all have this type of stuff going on in our lives.  So, do me a favor and before you let anything get to you, stop, breathe and know, as my friend Bruce Decker says, “Remember that crap is just fertilizer for future growth!”

Happy investing!

DESIRE, COMMIT, SUCCEED!

Bernadette Trafton, Boston AREIA Chief Connector

 

How does "forced networking" help you flip properties

P4178105 I have people ask me all the time, “What is ‘forced’ networking and how exactly does it help me flip properties in the Boston area?”

Forced networking is for everyone.  Originally we started doing it at Boston AREIA for the wall flowers of the group.  You know the people who are uncomfortable walking up to someone and saying, “Hi, my name is ……………….. and I’m a new investor and I want to meet…”   I wanted to give those folks a way to get business cards from people so they could call them up later and meet with them.  But, it’s turned out to be one of the favorite sections of our meetings.  For the wall flowers and everyone else as well!  During our forced networking section, we bring different groups of people to the front of the room…for example, “Can all the wholesalers come up to the front of the room…now, everyone who wants someone else to find them deals, come up and exchange business cards, don’t talk for 5 minutes, exchange business cards and move to the next person…”  This is the fastest form of speed networking that you will find.  We don’t give you 5 minutes, we give you 5 seconds to exchange business cards so that you can connect with the people you want to after the meeting in a one on one setting.  Wholesalers love it because they are able to increase their buyers list quickly.  Rehabbers/Flippers love it because they get a whole new group of people looking for properties for them.  Realtors and lenders love it because they get a whole new group of people that they can connect with where real estate is concerned.  And, you know what happens when you connect an entire group of people focused on flipping properties in some form or another?  Deals get done!  So, forced networking most definitely helps you to flip properties.   Check out some of our pictures from our last meeting…we began with a coaching session, then went to regular networking, then forced networking, then speakers for education.  If used properly, your Boston AREIA meetings will help you build your power team and help you make connections, business partners and friends that you will work with the rest of your life!

Yours in success, Bernadette Trafton, Boston AREIA Chief Connector

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Benefits for Boston Flippers and more

Bernadette Trafton, Chief Connector Did you know as a member of Boston AREIA you have access to a number of discounts to help you as you flip properties in Boston!  Oh…and remember, be sure to check out our How To’s Tips and Tricks for Real Estate Investing!

1.       You have access to discounts on materials, tool rentals, appliances, tenant screening, insurance, signage, office supplies, car rental, airfare and much more.  Check it out:

  • AAPLDi
  • ADP
  • Build-A-Sign
  • Community Investor
  • CheapOair
  • ClearNow
  • CreditSense
  • FedEx
  • Headsets.com
  • Hertz
  • Investor Protector Plan
  • Junk-King
  • Kwikset
  • Lowe’s ProServices
  • Mr. Landlord
  • National Vendor Management Services
  • NREIG
  • OdorXit
  • OfficeDepotMax
  • Performance Settlement
  • RentFax
  • Rent Fast
  • Rent Manager Software
  • Sears Commercial
  • Sherwin Williams
  • SimpliSafe
  • Sunbelt Rentals
  • Tattle Tale
  • Tenant Credit Checks
  • Titan Environmental
  • US Credit Repair Center
  • US Legal Forms
  • 4Imprint
– See more at: http://www.communitybuyinggroup.com/suppliers.html#sthash.LdOociKW.dpuf

2.       You will have access to our Community Investor magazine 3.       You gain visibility for your business and find trusted industry related contractors in your community To see all of the information about this program, visit www.communitybuyinggroup.com If you are a member of Boston AREIA, you will have received a member packet with the group code.  If you don’t have your packet any longer, please email me at dette101@gmail.com to request the code. If you are not a member, but, and want to take advantage of the member benefits, become a member today!  Make sure that you stay tuned for our upcoming blog post Diary of a Newbie Real Estate Investor with our new mentee Mike Fitzpatrick!  And, see you at our June 19th meeting focused on 1031 Exchanges and much more! As always, feel free to reach out in between meetings, we are here to help you get your deals done!

MENTORSHIP CONTEST sponsored by Boston AREIA and JEM Property Group!

We are excited to present this mentorship opportunity to the members of Boston AREIA!

We’ve had folks already reach out to us and ask…                               

“How do I submit my entry????!!!!” 

The winning entry will work directly with both Peg Graveline of JEM Property Group and Bernadette Trafton of Boston AREIA who will be focused on success!  TJem-Property-Logoopics being tackled (On the job training, not reading about) will cover:  finding the deal, analyzing the deal, putting the property under contract, funding, working with lenders, exit strategies (rehab and sell, wholesaling, buy and hold), really all the ins and outs of flipping properties and more.

In order for people to submit an entry for the Mentorship contest, you must be a member of Boston AREIA and complete and agree to the following by Feb 14th as the winner will announced at the Feb 20th meeting :

1. Submit an essay to Bernadette@BostonAREIA.com by Feb 14th, describing the following:

a.  What is your WHY?  What is your driving force? What is going to self-motivate you to follow through with your schedule.  For example, My WHY is a desire to provide the best lifestyle I can for my family and be able to do what I want, when I want.  Because of this, I’m pretty self and money motivated to reach my goals.  I am accountable to those goals as well.  Perhaps you are sick of working for someone else or you are looking for time freedom.  If we know your WHY it will be easier for us to hold you accountable to your goals.

b.  Why real estate?  There are multiple ways that people have the ability to create income and residual income.  Why are you choosing real estate?

c.  What are your short term goals over the next 3 months, 6 months and a year?

d.  What are you long term goals?  Where do you see yourself in 1yr, 3yrs, 5 years?

e.  What are your resources?  What kind of funds do you have for the purposes of marketing?  What kind of funds do you have to get a deal done, do you have funds for deposits on properties?  Do you have access to funds to invest in deals (savings, available credit, family or friend interested in investing, etc…?)

f.  How much time are you going to devote to your business every week?  Set yourself a schedule to work your real estate business and outline that schedule.

g.  What do you think is the biggest reason why we should choose you for the mentorship program?

2.  It will be required that the winning participant submits a blog entry once a month which will be featured in our “Diary of a Newbie real estate investor” segment.  Do you agree to submit a blog entry once per month to Bernadette@BostonAREIA.com?

3.  Boston AREIA and Peg Graveline of JEM Property Group reserve the right to outline any deals resulting in this mentorship program for the purposes of presentation and training purposes.

We look forward to receiving and reading essays from all who enter the contest and we are excited to work with you!

All the best and GOOD LUCK EVERYONE!

Bernadette Trafton, Boston AREIA

Peg Graveline, JEM Property Group