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Off Market Deal Sourcing: From Hobby to Business

Tired of relying on MLS deals and other wholesalers to bring you deals? Consistently wondering how you can keep business moving with smaller and smaller profit margins? Frustrated you can’t scale while maintaining current business operations? Since his school days Matt has developed a deep passion of residential real estate, especially in the chase of…

Tim Murray: $3 Billion in investment in Worcester!

Tim Murray: $3 Billion in investment in Worcester! Ever wonder what you could do if 3 billion dollars fell into your lap? Yes billion with a “B”. If you invest in the Worcester area then you are in luck. Worcester is currently investing $3 billion into multiple projects, many of which will benefit savvy real…

Massachusetts Landlord Strategies

Advanced Massachusetts Landlord Strategies Nervous about rental property in Massachusetts? Need some solid strategies for bullet-proofing your tenant relations? Want some tips on clean and fast evictions? Brian Lucier has been successful in Housing Court 88 times and counting, and he’s going to share some tips with you to ease the process of being a…

Inside the Brain of the REO Banker

Ever wish you could figure out what the Asset Managers at the banks are thinking? You may ask yourself: Why haven’t they listed that property they took back at auction 14 months ago? Can I submit an offer? How? I left a message for the listing broker 3 times, why hasn’t he returned my call?…

House Buying Horrors

Listen to these Nightmare scenarios before you buy your next property! Check these out, they can happen to you! The father owns the property, but guess who sold it to you?  (Hint:  Not the owner!) Bought any meth labs lately?  Are you sure? Could you end up with a hazardous waste dump without even knowing…

If You Think Your Phone is Soooo Smart…

Then why aren’t you using it to save you time and money?   As full-time investors, we personally spend 50% of our time outside of the office, visiting property leads, running analysis, checking in on the progress of rehabs, managing contractors, and meeting with potential investors or business partners.  Sound familiar? While out drumming up…

Why is Black Diamond giving away an iPad?

Why is Black Diamond giving away an iPad?  Because it’s cool Because we can Because we want you to come to our Christmas networking party Because now that we’ve bought it, we can’t just let it sit there Because Julia said a $25 gift card to Home Depot just wasn’t cutting it All of the…

Advanced Tax Strategies: Keeping more of Your Real Estate Profits

Who thinks taxes are going down? Not anyone I know. So, now that you’re doing more deals, it’s time to look for creative strategies to save on taxes and protect what you’ve made. At our JanuaryNetworking After Hours, you’ll learn: · Choosing the right entity for your type of real estate investing (it matters!) ·…

Are you missing out because you’re too slow?

Do you need a Quick and Dirty way to estimate your rehab?     How does 20 minutes sound?   Are you a Wholesaler seeking ways to get a quick rehab estimate?  Are you a rehabber looking for ways to submit offers faster? While you’re waiting for your contractor, does someone else get it under contract?  …

13 Insurance Myths for the Real Estate Investor

You don’t know what you don’t know.  And it’s what you don’t know that gets you every time! Insurance for real estate investors is largely misunderstood and is frequently purchased without a solid understanding of what the buyer is getting.  For example, do you know: ·        If you buy a property subject-to, and are named…

Opportunities in Bankruptcy

(finding deals from the records, not declaring bankruptcy yourself!) Attorney Peter Hatem will give us the inside scoop on how to find opportunities in Bankruptcy.  You will ·    Understand the different types of bankruptcy and where the opportunities are ·    Learn about “property of the estate” ·    Hear information on Schedules A and D – and why they…

Are you missing out because you’re too slow? Part II: Interior

If you missed the first half of this series, or even if you didn’t, be sure to mark your calendars this time! Do you need a Quick and Dirty way to estimate your rehab?     How does 20 minutes sound?   Are you a Wholesaler seeking ways to get a quick rehab estimate?  Are you…

Commercial Investing

Movin’ on Up Wondering whether to take the plunge? What kind of commercial property should you consider? If you do, should you hold or flip? Almost everyone I speak to who has been investing for a while says they want to move into commercial investing.  It’s what we want to do when we grow up. …

Know your Sh*t

Septic Systems:    Ok, it’s a little crass, but it got your attention, didn’t it?  As investors, we frequently deal with septic issues, both before and after we buy a property.  Sometimes they are planned for, and sometimes they are a “Surprise!” When you are armed with knowledge, then planning for a “Surprise” is just…

Don’t get caught with your short sales down!

·         How much below list should you offer on a short sale? ·         Trying to flip a short sale and everyone says you can’t? ·         How can you get a rehab loan on a short sale with a 120% deed restriction? One of the most talked-about subjects among any group of investors is short sales: …

Roundtable Discussions

How many times have you wished you had time to ask those particular questions that seem to have multiple correct answers?  Do you need more time to talk to the people who are knowledgeable about what you need to know?  Are they always busy and have a line of people waiting to talk to them?…

Clear as Mud

Finding black and white in those grey areas I’m sure I’m mixing my metaphors, but I think you will get the picture. There are so many grey areas in real estate investing and real estate law, that even the most seasoned investors can make mistakes.  Your brother-in-law says one thing, your real estate agent says…

The City of Worcester has money to give away

They want to help you redevelop real estate, who knew?   Doing business in Worcester and want to expand into additional opportunities? Considering Worcester as a location to invest? Think there is lots of opportunity in the city? You’re right!   Paul Morano is the Director of Business Assistance with the Executive Office of Economic…

Save your Gas, Sit on your @$$ Screening Deals from your computer

Part I:  Single family deals Did you ever wonder why you keep getting beat out on the “best flips”? How are some investors able to weed out the time wasters and beeline to the best deals.  What do they know that you don’t?   Here is an example: Your brother in law calls you to…

Estimating your Rehab in 20 minutes

Part I:  Exterior and Mechanical Does a property go under contract to someone else while you’re still pulling your rehab estimate together?   If you’re not a contractor, with Home Depot’s database in your head, how do you estimate your rehab budget on a redevelopment project? Do you spend days waiting for your contractor to…

Save your Gas, Sit on your @$$ on your computer

Ever bought a multi-family and wonder where the profit went?  Looking for another but don’t want to get burned?  The agent says it’s a Cash Cow, but what if it’s just a Pig with Lipstick? Can you really make it cash flow at $200K per unit?  Ann Bellamy is going to give you some rules…

Estimating your Rehab in 20 minutes

Part I:  Interior and Sizzle Features Does a property go under contract to someone else while you’re still pulling your rehab estimate together? If you’re not a contractor, with Home Depot’s database in your head, how do you estimate your rehab budget on a redevelopment project? Do you spend days waiting for your contractor to…

Opportunities in Environmental Issues Turning down the fear dial

Do you hear “oil spill” and drop the project faster than you sold your BP stock? Do “contamination” and “environmental regulation” give you indigestion?  (Lots of ‘tions goin’ on there) . Matt Donaghue is going to give us some approaches to environmental issues that may have you rethinking your strategy,  and Jonathan Moore will discuss…

Deal Structuring with Partnerships

Making sure everyone gets a fair shake   Need a financial partner, but don’t want to give away your first born?  Wondering how much you should expect if you are the money partner? And when you figure out the basic numbers, how do you best structure the deal?         The term “Win-Win”…

Renovate or tear down? A tale of two projects

Have you ever bought a property, planning to rehab, and then changed to tear down and rebuild?  Or wondered part way through the project if perhaps you should have?  Have you been thinking about a major renovation of a large complex and wondered about managing a million dollar plus budget?   Dan Botwinik has been specializing in distressed multi-family acquisition…

Solar is the new Granite

Curious about solar energy, either for a rehab, a long term hold property, or even your own house?  Wondering how to make it pay, and navigate the labyrinth of energy tax credits?  Can you add solar to a rehab and reap additional profit?Stephen Hirsh is the President of Solar Farm Bank, specializing in Renewable Energy…

Are lease/options truly dead or simply on life support

Have you heard that Dodd Frank will change real estate investing and put you out of business?  Are all the scary predictions true?  Or is the industry just trying to sell you more books,tapes and courses? As we affectionately refer to it, Dudd Funk became law on January 10, 2014 and there is lots of hype surrounding…

Keep your $$ Pie, AND Invest it Too?! Advanced Business Tools at Waltham Black Diamond

Advanced Business Tools for Real Estate Rehabbers & Landlords – Tips from your Local Chick Ever asked yourself how you can effectively double your IRA contribution per year… while still using it to invest in real estate?  What happens to your business when your partner suddenly becomes very ill, or dies??  (Horror story promised!) Come and…

Nasty Neighbors Up close and Personal

Ever bought a property only to find out later that you don’t own what you think you own? Have you ever put up an expensive fence and then found out you put it on your neighbor’s property?  Does your neighbor’s lot line go through the middle of the living room and you don’t even know it?  What if you were planning on flipping this…

Can you defer taxes on $52,000 worth of income this year?

As a self employed real estate investor, are you wondering how you are going to defer taxes on your income this year?  Your IRA allows you to put in up to $6,500 per year depending on age, but that’s not much help.  And it’s going to be a long slow road to build up that…

Contractors: the toughest part of managing a rehab

Had to fire your contractor recently?  Or did he walk off the job in the middle of it?  Or worse yet, did he simply fall off the planet and never return calls?  Did you pay for more work than you received?  Managing contractors can be the most difficult part of managing a rehab, and sooner…

Post foreclosure eviction pitfalls: when you can’t foreclose and you can’t evict

Buying a foreclosure property from a bank with the previous owner still in the property?  You absolutely need to hear this first!  Circumstances and precedent in Massachusetts create instances where you can buy a property, not own it, not be able to re-foreclose to get clear title, and not be able to evict the squatters…

Condo projects: When can you lose your ownership back to the seller?

Considering a condo conversion project of a multi or a mill building?   How about a church?      Not sure of all the considerations you need to plan for?  You know there are legal requirements and condo docs, but who do you go to?  Do you know how to handle phasing?  And what about partial…

The Good, the Bad and the Gorgeous-3 rehab case studies

    You’ll get inspired, feel relieved, be sympathetic and laugh all at the same time.      Nick Aalerud is generous with his time and is known for being open about his challenges and successes, since he thinks that much of his own growth comes through helping others learn in real estate investing.     In…

Little known issues in Massachusetts landlording

Massachusetts has some of the most tenant friendly laws and courts in the nation.  But we still choose to buy properties for cash flow.  Lack of knowledge can get us in trouble and cost us a bundle so we’re always looking for ways to stay on top of our properties, tenants and cash flow. We’ve assembled a…

Greasing the Wheels The Power of Connections

When you go to a real estate investor event, do you feel as if everyone knows everyone, except for you, that is?  Does it feel like one big clique?  Or maybe you feel as if no one knows anyone, and where do you start?  Maybe you’ve stuck it out and know a bunch of people, and know…

Inside the Brain of a Hard Money Lender

Wondering why some deals are funded easily and some just …… aren’t?  Why do some people just sail through the funding piece and others flounder on the rocks? We’re going to look at some of the criteria that a lender looks at when considering a rehab or buy-and-hold loan, as well as some potential problem…

Should you choose Nevada, Delaware, Wyoming or Massachusetts to form your next entity?

   We’ve all heard people swear by the benefits of a Nevada Corporation, or extol the virtues of a Delaware Series LLC.  Maybe it’s the Wyoming bandwagon that they want you to jump on.  Or a trust – isn’t that the one that protects your identity so no one knows who owns the property? And the tax…

Real Estate Investing out of state: Pros, cons and in between

We’ve all been intrigued by the promise of the great returns you can achieve by investing in other areas.  The Massachusetts market is not known for great cash flow so what happens when you venture out of the area? We’re going to highlight 4 different experiences in 4 different geographies, including buy and hold, and…

From Class C to A- the turnaround of a 70 unit complex

Renovating and stabilizing a 6 unit is one thing, but taking on a 70 unit project is in a whole other class, pun intended. Dan Botwinik has been specializing in distressed multi-family acquisition and management, and has recently completed a major renovation and turnaround he is going to discuss. Here are some of the points Dan will…

Difficult deals? No problem. Impossible Takes a Little Longer: Getting the Tough Deals Done

Have you noticed that more and more distressed sale properties come with deed or encumbrance restrictions from the selling bank?  When was the last time you could wholesale a short sale?  Do these deals run into snags at the last minute that stop the closing dead in it’s tracks? Meghan Grugnale is a conveyancing attorney in MA and NH specializing in…

Solar is the New Granite

Curious about solar energy, either for a rehab, a long term hold property, or even your own house?  Wondering how to make it pay, and navigate the labyrinth of energy tax credits?  Can you add solar to a rehab and reap additional profit?   Stephen Hirsh is the President of Solar Farm Bank, specializing in Renewable Energy production in MA, NH…

Are You Discriminating and Don’t Even Know It? Get the Scoop Straight From the Source: Special Guest speaker – The Chairman of the Massachusetts Commission Against Discrimination!

There are horror stories all over the internet and the REIAs about landlords and sellers being successfullysued for housing discrimination, when both renting and selling, and to make it even worse, the landlorddidn’t even think they were in violation!  So how do you make sure you are not discriminating, but still protecting your rights?  Join us…

Prizes, Networking, Games, oh my….

  We’re calling it SurvivorOpoly     A cross between Monopoly and Survivor – or maybe it was Clue and the Amazing Race:  Clamazue!  By the time we were finished creating the game, it was strictly a Black Diamond original.   Bring your rehab skills to compete for highest profit deal.  Or maybe it will be luck…

The City of Worcester wants to help you with your business: New tax incentives for Redevelopment!

Doing business in Worcester and want to expand into additional opportunities?  Considering Worcester as a location to invest?  Think there are lots of opportunities in the city? You’re right! Paul Morano is the Director of Business Assistance with the Executive Office of Economic Development for the City of Worcester.  There are new tax credits, new local tax relief,…

Minimizing Environmental Impact and Maximizing Real Estate Value: At the same time!

  Have you passed on a small subdivision because of wetlands?  It was a nice parcel with easy subdivision potential, but the wetlands smack in the middle meant you could only get one lot instead of the 4 you were hoping for.  What if you could find a way to make it work? Scott Goddard…

You Discriminating and Don’t Even Know It? Get the Scoop Straight From the Source:

There are horror stories all over the internet and the REIAs about landlords and sellers being successfully sued for housing discrimination, when both renting and selling, and to make it even worse, the landlord didn’t even think they were in violation!  So how do you make sure you are not discriminating, but still protecting your rights?  Join us…

Perception is key: Presenting your commercial loan package in the best possible light

Are you aware that applying for a commercial loan is different from residential but don’t know the difference?    Are you considering buying a multi with more than 4 units but don’t know how to get funding?  Do you know that how you present your deal has more to do with your approval than you think? Commercial lenders…

Has HERS hit your wallet yet? Coming soon to your town

Have you budgeted for a rehab only to find out that government programs add thousands to your cost of construction?  Have you heard about HERS but don’t know where and when it applies?  Or who to ask?  Are you wondering if this applies to you?  Gerald Brady is a HERS rater with InfraRed New England,…

Our own version of EEE: Emphasis on Energy Efficiency: Abbot Mill, Westford

We all know of a few old mill projects that have been converted to nice apartments or commercial spaces, and some of us have even been involved in a couple.  But can you imagine a project like this? 13 different buildings with complicated requirements Some were tear-downs, some were rehabs Some had to be moved!…

The Street Fighter’s Guide to Zoning Issues

Are you thinking of adding units to your multi-family property, modifying the floor plan or footprint, or converting a single to a multi? Are you working in commercial real estate, (or thinking about it) and have come across the dreaded “Zoning Variance”?   Todd Rodman is an MIT graduate with an MS in Real Estate…

Condo Conversions: Do the numbers work?

During the peak of the real estate market in 2005/6, condo conversions were sizzling hot.  Then, when the bottom fell out in the real estate crash, almost no one would touch them.  Why create more units when you couldn’t sell the ones you had?  Now, with the marketing heating up again, especially this spring, we’re…

The Politically-Incorrect Guide to Tax Planning for Investors: Entertaining and informative

Most presentations on tax planning for your real estate investments are dry as dust. Important? Yes. Need to know? Yes. Exciting? Hardly. And if numbers aren’t your thing, you’ll do anything to avoid listening to a lecture on taxes. Cleaning your dryer vent might be more fun. But not this time! John Hyre is a…

Scratch ‘ Sniff: When your eyes fill up and your wallet empties

Mold and asbestos: You’re rehabbing a house or multifamily building, and the contractor demos the walls and ceilings. You find they are unexpectedly full of mold. The next day the contractor and his crew are sick. Are you liable? And you then find those roof leaks had been going on for a LONG time, and…

When your architect is worth his weight in gold

Have you ever contemplated a project that was a toss up  between a tear-down and and rehab? Or one that you thought adding a second level would be the way to go? Did you wonder if this was one of those times that “you don’t know what you don’t know”?  Graham Ruggie is the owner…

ARV Busters: Can you quantify the “apologies”?

We’ve all seen conditions at a property that hurt its value:  Railroad tracks, steep driveways, busy roads, etc.  And we’ve all mentally discounted the property by some amount that we hope is enough.  And most of us, if we’re honest, have been tripped up by one or two of them. At this event we will…

Modular Building: What’s the real scoop? Does it really save you money?

What’s the real scoop?  Does it really save you money? Have you wondered if buying a modular home can really save you the big bucks they claim? Does it go just as slick as slick can be, or is it really one big headache? And what about public perception of quality? Nick Aalerud is a…

The top 5 contractor disputes, and how to nip them in the bud

  Ever had a contractor walk off the job, no-show, or just plain do a lousy job? What happens when he slaps a lien on your property, even if you don’t owe him a dime? At the very best, working with contractors is a huge challenge. Andrea Goldman, Esq of Goldman Law Group specializes in…

Best Assurances on Winning Your Eviction Case

Do you know which TYPE of eviction will get the tenant out the fastest? How about the provisions in your lease that will NEVER hold up in court, no matter how iron clad your wording is?     Inessa Shur of Shur Law Group, LLC exclusively works representing landlords and property managers in all areas…

“Great Real Estate Ponzi Scheme”…the government scam

The federal government passes legislation and creates a crisis, then uses your tax dollars “solve” the problem. Sound like a scam to you? They’re at it again, doing much of the same thing. Do you have any idea where the real estate market is headed or how housing policy affects your real estate investment business?…

The Cardinal Sin: Overpaying your taxes and overlooking deductions

Did you know that you may have overlooked huge deductions on your rental properties? And that even very experienced real estate  professionals sometimes miss these too? Since 2004, the IRS has allowed real estate owners to depreciate parts of their building more quickly than the standard 39 or 27.5 year schedule. This can produce tremendous…

Did your first flip make almost $100K

Think back to your first deal:  was it killer, or did it almost kill you?  (Remember, “What doesn’t kill you makes you stronger”  ♪♪♫)  Anyway, some of us made major missteps, some squeaked through, and a few us of made a profit.  But very few make almost $100K on their first deal. Jack Sarcia used his…

From Frenzy to Formality: Systemizing your business

Are you constantly playing catch up in your business?  Do you feel as if you are always reacting to the latest crisis instead of proactively growing?  Is it almost incomprehensible that you could possibly take on any more deals/projects/properties? Newton Kershaw began his real estate investing career in 2009 with partner Dave Schleyer after years…

Short Sales are hot again! And here is how to maximize your profit

Because we know how much you love sitting on the phone with banks on “Ignore” and sending the same package in to the same servicing company over and over, (NOT!) we have put together some tips on how to maximize your short sale approvals and extract the most profit. Maryann Little has been successfully negotiating…

5 Ways to Boost Profits with Out of the Box Value-Add

We all know that rehabbing a distressed house is “Value-Add”, and don’t we all love to see the Before and After shots of a successful renovation? But for a real estate investor, that’s the obvious choice. There are always more ways to add value (and increase equity or profit) that are not immediately apparent, so we’re…

Million Dollar Opportunities in Entering New Markets

Have you considered buying out of the area?  Flipping long distance?  Or just considering moving but don’t know how to uproot or expand your business?  This presentation will explore some of the challenges encountered when entering a new market with a case study of a million dollar rehab in South Florida. Julio E Vega is a…

Encore Presentation: The top 5 contractor disputes and how to nip them in the bud

Ever had a contractor walk off the job, no-show, or just plain do a lousy job?  What happens when he slaps a lien on your property, even if you don’t owe him a dime?  At the very best, working with contractors is a huge challenge. Andrea Goldman, Esq of Goldman Law Group specializes in contractor…

Self-Directed IRAs and Checkbook IRAs: How to color inside the lines, and the horror stories from when you don’t

We’ve all heard presentations on the wonders of self directed IRAs. And in fact they can be exactly that. And  if your IRA owns an LLC, you can create what is called  a Checkbook IRA. But what if you fudge the rules? How strict is the IRS about them anyway? Are prohibited transactions really a…

What the heck is “SurvivorOpoly” anyway?

A cross between Monopoly and Survivor, this game is a Black Diamond original. No rehab skills needed to compete for the highest profit deal:  just bring your luck and sense of fun to win you that top prize! What do you need to do to play?   Show up   Grab a “deal” from the…

Saving Time & Saving Money: Property Management Software Review

If you are like most of us, you use some form of software to manage your rentals.  It could be anything from a simple Excel spreadsheet to a complex feature-rich package.  How do you know if it’s a good solution for your needs?  And what happens as you grow?  Will you soon outgrow your current…

Best Assurances on Winning Your Eviction Case

Do you know which TYPE of eviction will get the tenant out the fastest? How about the provisions in your lease that will NEVER hold up in court, no matter how iron clad your wording is? Inessa Shur, of Shur Law Group, LLC exclusively works representing landlords and property managers in all areas of the…

Mortgage Messes and How to Fix Them

You contract for a property and find out there are title issues.  Yet again.  It seems like every time you get an offer accepted, there is a delay for one title problem or another.  Some are deal-killers, some are easy fixes.  Some drag on past the time that makes the project viable. Wouldn’t it be nice if you could…

Staging to Price Point and the Target Buyer

High end city houses that appeal to today’s buyer look quite different from starter homes in the ‘burbs. And what about that mid-level home? Maximizing your sale price while minimizing your costs is what it’s all about, and staging to the right level is a large part of that.   Brenda Douglas of Staged Works…

When the Commonwealth of MA has your back – Who Knew?

Looking for an additional source of funding for complex commercial projects? Mass Development can help you with a range of housing projects, from historic tax credits to affordable housing programs. This little known state-funded agency provides loans, brownfields funding, guarantees, and grants, as well as technical assistance in the planning process.   Roy Angel joined…

Think Flipping Houses is Sexy? Wait ’til You Hear About Cap Rates!

“Cap rates are a better indicator of performance than an estimator of value.” Ok, let’s think about that for a sec. If true, it means that half of what we think we understand about cap rates is probably wrong, or maybe just a guess. I mean, don’t you just take your NOI, apply the cap…

Best Practices: Here’s Your Chance to Ask it All!

“I wish I knew someone who is knowledgeable about < fill in the blank > so I could ask them about …” This happens to all of us. We have questions and don’t know the right person to ask. Or, we thought we did, but it turns out that we need even more information. We’ve…

Wholesaling is Easy, Right? Except when …

All the real estate gurus teach newbie investors that they should start with wholesaling houses.  Why?  Because it takes no cash and no credit.  So it must be a way to make quick cash to build up for your rehabbing or buy-and-hold business, right?  They make it sound easy peasy, so they can sell you…

Eviction Rates: Highest and lowest towns in MA, and what it costs you

When you choose a property to buy, do you consider the likelihood of eviction, and the cost you will incur?  Do you seek out those war zone areas because there is more opportunity?  Or do you run the other way?  Xavier de Gracia (Harvard Business School MBA Class of 2017) and Antonio Munoz (Wharton Business…

Massachusetts Tax Liens: Part 1 – The Legal Process

(This meeting was cancelled and will be rescheduled) Sounds simple, right?  Buy a tax lien, and sit back and collect 16% interest!  Investing in tax liens is an area of real estate investing considered to be “passive” by comparison to rehabbing or rental properties, but it can be much more involved than we realize.  And…

“The best large overall project in the Commonwealth of Massachusetts in 2017”

That’s what PreservationMass called Abbott Mill.  Did you miss our presentation on this project?  Well, here is your chance, because we now have updates!  We all know of a few old mill projects that have been converted to nice apartments or commercial spaces, and some of us have even been involved in a couple.  But…

December Holiday Networking Event … Poker, Prizes and Participation

We have put our heads together at Black Diamond and come up with a new game, where you can play poker (if you want to), have a few laughs, meet new people, and win money. What’s not to like? What do you need to do to play? Show up Team up with 7 of your…

Who Doesn’t Want to Reduce Your Tax Bite?

Did you have a great year in real estate investing?  Or maybe not this year, but you’re ramping up to be even better in2018.    Or are you a planner, who wants to figure out tax savings before you make your money? By the time you get to January, 2017 is over, and it’s too late to…

Massachusetts Tax Liens: Part 1 The Legal and Business Process

Sounds simple, right?  Buy a tax lien, and sit back and collect 16% interest!  Investing in tax liens is an area of real estate investing considered to be “passive” by comparison to rehabbing or rental properties, but it can be much more involved than we realize.  And the returns can be variable.  Do you always get the interest?  Can you…

Don’t Make an Expensive Mistake!

We all know that with the age of the housing stock in Massachusetts, sooner all later, we’ll run into a property containing asbestos and have to remove it.  But do you know all of the materials that contain asbestos? And do you know where the responsibility lies for ensuring compliance? You can assume your contractor…

AirBnB & Short-Term Rentals, The Good the Bad and the Ugly!

Everyone is talking about it, many are doing it,and some are profiting from it! From renting a room in someone’s apartment, to a vacation homes that people rent out part time, all the way to full blown businesses: The short-term rental explosion is changing markets. It changes the way we vacation, and it changes the way…

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…

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…

1001 Mistakes in Commercial Development!

Most of us are thinking about bigger deals. Same amount of time, same risk, more money… Right? Not necessarily. As you increase the number of units, the height of the buildings, make structural changes, renovate historic projects, or you change the use of an existing building, the complexity of the development increases considerably. Daniel Stroe…

The FOUR taxes you pay when you sell or property – Or NOT!

The market is strong, so maybe you are selling a property to step up to something larger.  Or maybe you are revamping your portfolio into more passive investments:  avoiding the “tenants, toilets and trouble!”  It’s definitely a good time to be a seller, except when the taxman wants his piece of the pie. Lynne Bagby is a…

Saving Time and Saving Money: Property Management Software Comparisons!

If you are like most of us, you use some form of software to manage your rentals. It could be anything from a simple Excel spreadsheet to a complex feature-rich package. How do you know if it’s a good solution for your needs? And what happens as you grow? Will you soon outgrow your current…

Out of State Investing Due Diligence

Have you ever considered investing in other locations?   How do you screen for good geographies, and how to you keep yourself safe? With a special focus on multifamily buildings, Nick Aalerud will show you: The criteria his firm uses for screening target geographies How to make the Best Use of Your Time Before, During,…

Finding the Gold in OZ(Opportunity Zones)

Finding The Gold in OZ (in Opportunity Zones) Ever heard someone say “The market is too hot?”, “There are no more deals left!”, “Is there any money left in Real Estate?” While there are some truths to the increase in market competition, there is no shortage of opportunities. Legislation to create these designated zones was…

Wholesaling When it’s easy(Encore)

Wholesaling is Easy, Right? Except when it’s not. Encore Wholesaling is Easy, Right? Except when….   All the real estate gurus teach newbie investors that they should start with wholesaling houses.   Why? Because it takes no cash and no credit.So it must be a way to make quick cash to build up for your…

Social Media Marketing

Social Media’s Secret Sauce-Making a Splash in Real Estate?   Think social media is just a waste of time? Does Facebook have you frustrated? Is your Instagram game weak? Posts not getting any love? Spending $$$ on ads? Not getting any leads? If you answer yes to any of those questions, the bad news is…

The Anti-Guru: How you can make  Gazillions in the next 6 minutes

Worcester December 11th, 2018 The Anti-Guru: How you can make  Gazillions in the next 6 minutes You thought you’ve seen all the gurus. But you haven’t seen them all yet.  We at Black Diamond don’t allow gurus, unless they are professional comedians that mock the system. He’s Back – from the incredible big bash – initial…

Being S.M.A.R.T with Solar

Being S.M.A.R.T with Solar Like any investor, our day to day involves figuring out how to generate the most value, while spending the least amount of resources. As the market heats up,everyone is looking for alternative real estate investments to accomplish this goal. While Solar is thought to be only a renewable energy investment. Kathy…