Next Worcester Meeting
Tues., May 15, 2018


P&S Pitfalls: 
How the STANDARD Agreement is Scr#wing You as an Investor.

The standard Mass-approved purchase & sales contract is built to help deals go through smoothly, right? Fair to both parties?  

Hmmm - ever tried to be nice in giving a seller some time to find a new place ... and end up either in escrow forever or as an unintended landlord? And, did you know you can't waive the smoke certificate requirement even when it’s a gut rehab? 

Have you ever wanted to get in on that condo craze, but your condo docs aren’t recorded in the right place yet, (they can take 6 months!) and you lose your buyer due to one simple clause in the P&S?  

These, along with other clauses those "other" attorneys will throw in AFTER the offer, and more will be discussed this coming May 15th as 
investor-friendly and commercial attorney Brandy Schlesinger from Grugnale and Schlesinger comes to discuss why we should NEVER just accept a standard form P&S agreement for our purchases. 

Who: All are welcome 

What: we have the best real estate investing networking in Massachusetts, and the highest percentage of seasoned investors. No sales pitches, no selling speakers, no multi-level marketing, no memberships. $10 per person at the door, cash, PayPal or credit card 

Where: Leo’s Ristorante, 11 Leo Turo Way, Worcester MA 

When: Tuesday, May 15, 2018 Networking starts at 6PM, program starts at 6:30PM



Networking starts at 6pm
Program starts at 6:30pm

 
Next Waltham Meeting
Tues., June 19, 2018
 

Massachusetts Tax Liens:          Part 2 – What REALLY Happens in Real Life

One of the “Rich Dad” books talked about how the wealthy park their extra cash in tax liens at 16% return, while they wait for the next good deal to show up. I thought, wow, I’d be happy with the 16%But like all things in real estate investing, “You don’t know what you don’t know…”

You heard 4 people talk about the process of buying liens at our February event. (If you missed it, we’ll have a brief recap.) Todd Rodman is a managing partner at Seder and Chandler, with a significant portion of his practice focused on tax lien law. Ann Bellamy is a real estate investor and hard money lender, who became interested in MA tax liens and purchased a small portfolio of Worcester liens with investor partner Kathy Doyle. Mike Cercone orchestrated the process and has been investing in MA liens for over 10 years. Kathy also branched out into Illinois liens, which pay 36%.  

You will learn:

  *A brief refresher summary of the legal process in MA

  *How you can foreclose on a house and own it, and then have to give it back to the taxpayer

  *When you can buy title insurance on a tax lien foreclosed property

  *A $200K 3-family that sold for $70K during the redemption period

  *Examples of liens you should not buy

  *Why you can’t buy tax liens in New Hampshire

  *Foreclosing on the bank

  *The pitfalls of using a buying service

And more of the “you can’t make this stuff up” stories from Mike

If you want a refresher on Todd Rodman's legal process presentation, it's posted on our Facebook Group "Black Diamond REI Insiders"

Who:  All are welcome

What: We have the best real estate investing networking in Massachusetts, and the highest percentage of seasoned investors.  No sales pitches, no selling speakers, no multi-level marketing, no memberships. $10 per person at the door, cash, PayPal or credit card

When:  Tuesday, June 19, 2018, Networking starts at 6pm, program starts at 6:30pm

Where: Garcia Brogans, 240 Moody Street, Waltham, MA



Networking starts at 6pm
Program starts at 6:30pm


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