 |
|
|
Welcome! Special Tips for Massachusetts Real Estate Investors
 |
Talk to any anyone buying or selling a home in Massachusetts, and the conversation is bound to turn to a topic causing consternation everywhere: Title V, the state regulation concerning septic systems and waster water. Our research also uncovered another issue that's recently become hot - mold. In this issue our experts tell you how not to get into trouble with the state when buying or selling properties that need septic system upgrades or mold remediation.
Do you know how to tell if your septic system is on its last legs and thus won't pass inspection when you go to sell? In his article, "Septic Systems - The Good, The Bad, and The Smelly," David Presby, CEO of Presby Environmental, Inc., explains why Title V is good for the environment (it protects our groundwater from E. coli contamination) while also offering tips on how you can ensure your septic system runs trouble free for years.
Did you know you could contaminate yourself and your family when you attempt to clean up mold on your own? You can also run into serious problems when you let an unscrupulous home inspector talk you into hiring him to do a clean up "on the cheap." In his article, "Don't Try This at Home - Leave Mold to the Pros!" certified mold inspector Brian McDonough talks about why your typical home inspector probably isn't trained to properly test for and treat mold.
Mold has become a real issue in our current market with buyers now using mold as leverage to knock down the selling price of a contaminated property. In this month's Interview with an Expert, mold remediation specialist Steve Goselin talks about why mold is a potential problem for anyone buying or selling a property - and what you can do to ensure you stay on the right side of the law and prevent future law suits.
* Next 37 17 investors only!
In this month's Mortgage Minute, Debbie Siegel explains why the selling pitch "no closing costs" is most likely too good to be true. Someone has to pay those costs, and that someone is you - in the form of higher interest rates. Read her article to learn the most important question to ask when dealing with "no closing costs" loans.
Best regards,
| |
| |
Jeremy B. Shapiro
| |
Sheila Farragher-Gemma
| |
Co-Founders, ForeclosuresMass.com
|
Did you like this article? You May Also Like:
 |
Feature Article: Don't Become Another Statistic! Choose Your ARM Program Wisely
Jeffrey Chalmers, Real Solutions LLC
If you listen to the media, ARMs have become the new "dirty word" in real estate lending. Despite the negative press, a number of ARM programs exist that won't have you turning into another foreclosure statistic. In this article, Jeffrey Chalmers explains ARM programs, the terminology you'll encounter, and how to choose the right loan for you.
|
 |
Feature Article: The Five Biggest Mistakes Made at Property Auctions
Dale Schaetzke
As foreclosures increase in numbers, auctions are sure to do the same. Bidding successfully however, is not as easy as it may look. Read on as auction expert Dale Schaetzke explains the most common errors and offers insights into how to avoid them.
|
 |
Feature Article: Four Marketing Secrets Turn Connections into Gold
Ken Lizotte, CMC
Beyond the usual blah-blah marketing advice of putting up a website, printing out a stack of business cards and designing a lavish four-color brochure, exists four powerful marketing techniques that are so little-used, they can for all practical purposes be labeled "secret." Read on as Ken Lizotte tells all...
|
 |
Feature Article: Septic Systems - The Good, The Bad and The Smelly
David Presby, CEO of Presby Environmental, Inc.
Title V, the Massachusetts law that stipulates a septic system must pass inspection before the close of sale on a property, is punching big holes in homeowners’ pocketbooks. Septic system expert David Presby explains why Title V is important for the environment and how to troubleshoot your septic system in order to keep it running trouble-free for years.
|
 |
Tax Strategy: Defer Your Taxes via Like-Kind Exchanges - Combine with gain tax exemption on home sales!
Andrew Goloboy, CPA
I would like to take this opportunity to describe a very important tax planning arrangement approved by the IRS for property owners. You may have heard it called a tax-deferred Section 1031 "like-kind exchange" or "tax-free exchange"...
|
 |
Interview with the Expert: The Nitty-Gritty Rehabbing Tips You Must Know
Kevin Lacasse
What's the biggest mistake real estate investors make when it comes to rehabbing properties? According to expert rehabber Kevin Lacasse, it's paying too much for a property! Read his tips for figuring out how much you should pay - and how to budget for those unexpected cost overruns.
|
 |
Feature Article: Appraising a Property Without Stepping Foot on the Premises
Steve Krasnow, Certified Residential Appraiser
Determining a property's value in order to make the right offer or bid takes practice and experience. Knowing how to evaluate a property when you dare not step foot past the boundary line is another whole kettle of fish. In this article, Steve Krasnow gives four strategies for determining value - without having to tour the property.
|
 |
Investor Interview: The Reason Why I Do This!
Michael Ouellette
For Mike Ouellette, making money isn't the only answer, and it can be one of the biggest mistakes investors make when getting into the foreclosure market...
|
 |
Feature Article: Change Your Focus - Change Your Life
John Alexandrov, CEO, Legacy Capital Solutions, LLC
Financial independence - a goal we all crave. According to John Alexandrov however, what most people don't understand is that making money in real estate is not only the result of hard work and technical proficiency. In this month's feature article, John shares his insights on how a change in focus can lead to a change in everything...
|
 |
Nothing Succeeds Like Success: Gail McCarthy Powers Her Way to Profits
Gail McCarthy
A real estate investor since 2004, Gail McCarthy recently completed two deals in Alabama for 100+ unit apartment buildings. She talks about her personal journey and how she’s been able to leverage her experience investing in single-family homes into a new career in commercial real estate.
|
|
|
