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Hello and Welcome!
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Summer is nearly upon us and the investment market is in full swing. Properties
are being bought and sold, renovations are in full gear, and renters are out and
about in pursuit of new places to live.
Our newsletter this month however, is a cautionary one. Because while there may
be more opportunities than ever before in today's foreclosure market (March of
this year for example, had more foreclosures than any other month in the past ten
years), there are also a number of ways (some old, some new) for you to invest
badly. With that in mind, our June issue focuses on profitable - but intelligent
- investing.
We kick things off with a feature article from George Megaloudis, an attorney
with the Boston law firm Roach and Wise, LLP. In his piece entitled, "Do You
Have an Unlimited Liability Company?," George explains the benefits of
establishing a limited liability company for your real estate investments. And,
as importantly, he explains how to ensure that your actions within that company
structure afford you the maximum protection possible.
Next, loan officer and regular ForeclosuresMass contributor Trish Signet explains
the concept of "negative amortization." This borrowing approach may allow less
established investors to get in the game in the face of rising interest rates,
however as Trish explains, it's not without its share of risks.
Our "Interview With The Expert" this month is actually with two experts...
Sherrill Rosoff and Holly Bradman, co-owners of The Restored Homestead LLC, a
company that dismantles and reconstructs early New England homes. We drill down
on the topic of properly caring for fireplaces and chimneys, a beautiful - but
often troublesome - feature of many older homes.
* Next 37 17 investors only!
Last but not least, our monthly column - Debbie Siegel's Mortgage Minute -
tackles the topic of bridge loans. As with several other subjects in our June
issue, bridge loans offer potential benefits to investors, provided they
understand the ins and outs of what's involved.
Enjoy the issue, and as always, please contact us to send us your
comments.
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Jeremy B. Shapiro
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Sheila Farragher-Gemma
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Co-Founders, ForeclosuresMass.com
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