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Dog days of summer promotion

August 8, 2014 by Bernadette Trafton Leave a Comment

IMG_6048 DOG DAYS OF SUMMER MEMBERSHIP PROMOTION!

So, Than Merrill and his team are coming to the Boston area August 14-17th.  They will tell you to seek out your local investors association to find deals, meet people to partner with and meet people who can help  fund the deals.  The education they offer is great, but, they will tell you that the best place to make those connections  is by joining your local association.  Perfect timing for all of you looking to get a jump start!

Usually we do a special promotion in July….as you know, life has been crazy!  So, instead we are doing a DOG DAYS OF SUMMER promotion:

View MEMBERSHIP OPTIONS and click JOIN NOW next to the membership of your choice.

When you check out, choose a DOG DAYS OF SUMMER membership option.  Save $25.00 off an Individual membership and $50 off a Joint Membership!  The DOG DAYS OF SUMMER promotion end midnight on August 13th!

The first 5 members who join or renew their membership by August 13th, will be awarded 2 free coaching sessions with me!  Your choice of topics!

Remember, our membership benefits save you more than the cost of membership each year!

Learn how to get the most out of Boston Areal Real Estate Investors Association!

Filed Under: Uncategorized Tagged With: 12/31/2012 deadline for gift tax, an advisor you can trust, Boston Area real estate investors, boston area real estate investors association, Boston Commercial Real Estate, boston Real estate, commercial real estate, FLIPPING IN BOSTON, fortune builders, than merrill

5 reasons real estate investors may want to exchange your property

June 2, 2014 by bostonareia Leave a Comment

Bernadette Trafton, Chief Connector   Good afternoon investors,

PFlowers594e_s Picture 2-07

Vice President Certified Exchange Specialist New England Region (877) 781-1031 Toll Free patricia.flowers@ipx1031.com

I was talking to Patty Flowers from IPX 1031           Exchange Services the other day.  I asked her what the main reason there were for real estate investors to exchange properties and why it’s important to know about this even as a beginning investor.  She shared this article with me about the five reasons to exchange your properties.

FIVE REASONS TO EXCHANGE – A story about Appreciation, Depreciation, Cash Flow, Diversification  and Tax Deferral

If a real estate investor bought an apartment building for $100,000 in 1975 and it is now valued at $1.8M dollars, the property has appreciated significantly and is now worth eighteen times what it was in 1975. Clearly, this was a great investment. But, like all investments, one should analyze whether it is now better to hold or to divest the asset.  The apartment building is currently owned free and clear of debt. It has been owned for more than 27.5 years so it is fully depreciated and no longer eligible for annual depreciation deductions on the investor’s tax return. Reviewing the cash-flow, after property taxes, maintenance, and insurance, it produces net rental income of about $3,000 per month.

$36,000 per year on an investment property worth $1.8M amounts to 2% annual income on the investment. However, the original $100,000 investment has grown by 1800% and there is now $1.8 million dollars’ worth of equity tied up in one asset. Since interest rates are at historic lows, what better time than now, when property values are lower than they were a few years ago, to unlock some of that equity and exchange, tax deferred, into one or more properties with greater income and long-term appreciation potential?

Through an I.R.C. §1031 exchange, this real estate investor can sell his investment property and accomplish a number of tax and investment goals. A 1031 tax deferred exchange permits the investor to defer federal and state capital gains and depreciation recapture taxes. The investor can buy property with improved cash-flow, and if encumbered, with an interest deduction to be claimed. If the replacement property is greater in value than the
relinquished apartment building, then depreciation deductions will also be available for the increased basis (the difference between the purchase cost of the new property, less the gain deferred on the exchange of the old property). Additionally, because multiple properties can be acquired through a single exchange, the investor can diversify the real estate portfolio, thereby hedging the investment risk inherent in a single property.

Appreciation, depreciation, cash-flow, diversification and tax deferral are important drivers for doing a §1031 exchange. Investors should examine their real estate holdings and do the 5 point analysis suggested in this article. If repositioning a real estate portfolio is in order, the valuable tax benefits of a 1031 exchange should be considered. Investment Property Exchange Services, Inc. (IPX1031®) is a Qualified Intermediary providing a full range of tax
deferred exchange services across the country including forward, reverse and build-to-suit transactions. We look forward to helping you and/or your clients maximize qualifying investments through a §1031 exchange strategy.

Be sure to join us on June 19th when Patty breaks down the process of 1031 exchanges. 

Filed Under: Uncategorized Tagged With: 1031 exchanges, 1031 Exchanges in Boston, 12/31/2012 deadline for gift tax, an advisor you can trust, boston, Boston Area real estate investors, diary of a newbie real estate investor, finance, FLIPPING IN BOSTON, free real estate education, Prosper in 2013, real estate mentorship contest, The meaning of fear, trusted advisor, unsecured loans

Is Flip (Flipping) a 4 letter word that starts with F?

May 20, 2014 by bostonareia 2 Comments

Bernadette Trafton, Chief Connector So, I was talking to my friend, business partner and seasoned investor Ken Olson the other day.  He said that he had a bone to pick with me.   He noticed that I use the words “flip” and “flipping” when talking about rehabbing and reselling properties in our adventures in real estate investing.

He said, “Give me a minute to explain, I know “flip” or “flipping” is nomenclature and widely accepted, but, trust me, any seasoned seller (Banker, REO Broker, Auctioneer) won’t listen to someone using that language and will not take them serious – it is too cavalier and wreaks of inexperience – if you want your investors that you are teaching to separate themselves, they will figure out a way to take “flip” or “flipping” out of their vocabulary.”    

OK, point taken…, “But, Ken, Do you know that FLIP and FLIPPING are among the HIGHEST ranking words on google for real estate investing?  More people search the term fix and flip or flipping real estate than invest in properties.  Since the “flip this house” phenomenon, it’s much more accepted…and does amazing things for my SEO and google rankings…. :-)”

To which Ken replied, “Flip and flipping is a widely accepted nomenclature and so is “doing it” – both have cavalier attachments and in “my opinion” are unprofessional and wreak of inexperience.”

“Ok, Ken, we are NOT going to present using the word “FLIP” or “FLIPPING” to any banks.  However, you and I can have this conversation 30 times and I will still market using the words FLIP or FLIPPING because new investors and folks looking for places to network type in “flipping houses” “flip houses in Boston”, etc…about 20 plus times more than they look for rehabbing and reselling. 

It is what it is and the use of the word means different things dependent on the application.  In marketing it is a golden word that can help rank a webpage high in SEO.  It will, however, be a great lesson to the group – DON’T use the words FLIP or FLIPPING when talking to banks, brokers and others because it’s pretty much a “dirty” word and shows inexperience.  However,  when it comes to SEO please continue to use it in marketing.  :-)”

See you at our upcoming meeting on Thursday 6/19/2014

DESIRE.  COMMIT.  SUCCEED!

Bernadette Trafton, Boston AREIA Chief Connector

Filed Under: Uncategorized Tagged With: 1031 Exchanges in Boston, 12/31/2012 deadline for gift tax, an advisor you can trust, Boston Area real estate investors, Boston real estate investing, commercial real estate, Commerical Real Estate in Boston, diary of a newbie real estate investor, estate tax planning in ma, FLIPPING IN BOSTON, flipping properties in boston, ma Real estate, Massachusetts Foreclosures, real estate investing, real estate investing in Boston, real estate mentorship contest, real estate networking, The meaning of fear, www.bostonareia.com

Are you an amateur or a Pro?

April 9, 2014 by bostonareia 1 Comment

Bernadette Trafton, Chief Connector Are you networking your way to success?  We all go to networking meetings, collect business cards, shake hands and network with people.  MOST people go home, put the stack of business cards on a shelf and don’t really do anything with them.  However, what we do afterwards is what truly determines if we are amateurs or pros and ultimately this dictates our success.  On Thursday, April 17th at 5pm, we are doing a special coaching session from 5pm – 5:30 pm for members of Boston AREIA only.  We will cover how you can go from being an amateur who just spends your time going to meetings to a pro.

Learn to: networking pics

  • Develops your connections
  • Provides value
  • Become a person of influence.

Members must RSVP for this coaching session by Tue 4/15 via email at dette101@gmail.com.

See you on April 17th!

Happy Investing,

Bernadette Trafton, Boston AREIA Chief Connector

Filed Under: Uncategorized Tagged With: 12/31/2012 deadline for gift tax, an advisor you can trust, boston, boston area real estate investors association, FLIPPING IN BOSTON, flipping properties, lead geneRation online, learning to flip in bostons, networking for success, Prosper in 2013, real estate mentor contest, real estate mentorship contest, real estate networking, real estate social media, rehab tour, trusted advisor, www.bostonareia.com

What to expect on March 20th at Boston AREIA

March 19, 2014 by bostonareia Leave a Comment

Bernadette Trafton, Chief ConnectorWe are having a blast mentoring Mike Fitzpatrick.  He’s working with his partner Jacqui Pietrzak, look for their next blog post.  They’ve been driving for dollars, working on their website, putting together their first direct mail marketing campaign and presenting potential deals to Peg and I.  Super proud of them!  I’m watching a power couple develop!  WOHOO!

It’s the LAST day to get eligible for this month’s workshop at 5pm.  I will be downloading real estate leads from a few lead sources and giving them to the folks who come to the session.  I need to know now who is coming at 5pm.  If you don’t qualify by midnight tonight, you won’t be able to join us at 5pm before the monthly meeting!  Find out if you are eligible!

_____________________________________________________________

Most of you have said that you are interested in saving money on your electric bill and going green. Some of you have switched to Viridian, many of you have not.  All of you raise your hand when I ask if you recycle, most of you agree if you had the ability to make 10 times the carbon impact without it costing you, you would.  I know time gets away from you and you forget.  I get it.  We have invited Reps to help you with the 3 minute process it takes to make the switch on Thursday night – BRING YOUR N-Star or National Grid bills with you.  It costs you nothing, takes 3 minutes, can save you money over time and you choose green.  All who take action will get a special opportunity during our “forced networking” segment.

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Thursday, March 20, 2014 – Is fear of making an offer holding you back?

***Special opportuniy to for MEMBERS of Boston AREIA, we are shaking up our forced networking section…those who get there early will be rewarded!

Monthly Meeting – The question I get most from investors is, “Ok…so, I find a property…how do I make sure all the bases are covering when making an offer and putting together a P&S?” Well this meeting will dispel the fears that are holding you back from making offers!   For all details visit – http://bostonareia.com/resources/upcoming-events/

Become a member today – http://bostonareia.com/about-us/membership-plans/

Filed Under: Uncategorized Tagged With: 12/31/2012 deadline for gift tax, an advisor you can trust, boston, Boston Area real estate investors, boston area real estate investors association, boston areia, Boston Commercial Real Estate, Boston Marathon, FLIPPING IN BOSTON, real estate mentoring program, real estate mentorship, real estate networking, The meaning of fear, trusted advisor, unsecured loans, www.bostonareia.com

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