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All Forum Posts by: Beau Blinder

Beau Blinder has started 5 posts and replied 61 times.

It seems odd you'd be getting some, but not all, emails from BP. Are you sure those emails aren't going to your spam folder?

Either way, it's a good bet to ditch AOL. You can rig up Gmail to work with your [email protected] email address.

I had a very long period of unemployment followed by a series of meaningless jobs that paid me far less than I was worth, didn't value my intelligence, and made me feel awful. As someone who, in the last two years, has increased many times over, found a career in a challenging field, and generally has 'righted the ship,' I just thought I'd offer a little advice.

First, set some small goals for yourself. When I was at the beginning of my journey, I set extravagant goals. I wanted to make millions of dollars tomorrow. I had business ideas that were going to get me there. Truthfully, these weren't bad ideas, but I was in no place to execute on them. So, I'd recommend you set small goals for yourself. At first, mine were easy -- "get a job," "get a better job" -- but they've progressive gotten more complicated as I've become more competent.

Second, don't look down on 9-to-5s. Many people think they can jump from A to F and, while some can, most (including me) can't. Even a crappy job provides you with some income. You can start saving. Most importantly, once you have a job that covers your living expenses, you can stop worrying. The biggest problem about starting from the bottom is that you spend so much time worrying about mundane things -- what if my car breaks down? How am I going to afford dinner tonight? Etc. When those questions occupy your mind, you have no room to think about the bigger questions that are necessary for being an entrepreneur. 

Another huge benefit of a good 9-to-5 (a job in a field you're at least mildly interested in) is that it provides you with rewards. You get bonuses. You get performance reviews. You get promotions. These things sound small, but consistent positive feedback in your life will help offset the inevitable mistakes you're going to make in real estate. A 9-to-5 also gives you practice in failing and you have to fail a lot to be successful.

The last thing I'd say is to reiterate an earlier point. Do not be Jay Gatsby constantly looking across the bay at the green light. If you haven't read the Great Gatsby, what I mean is simply do not look too far into the future / at an unobtainable future. While it is tempting to have grand visions of the future where you'll have so much money that you can shower your friends and family in money and gifts, that vision isn't productive. For me, these delusions of grandeur draw my focus away from what I have to accomplish today. They trigger the pleasure / reward center of your brain even though you've done nothing to earn those rewards and they can create a vicious cycle where you're constantly thinking of the future and comparing it to what you have now. The gap between the future that may never arrive and where you are today can be incredibly debilitating. When you do plan for the future, plan in concrete terms. Pick reasonable goals. 

Post: Website up

Beau BlinderPosted
  • Boston, MA
  • Posts 62
  • Votes 26

I realized my last post sounded negative and I didn't want to leave that impression. Your site looks great and I was just trying to provide some context into why it was $50 and also a few ideas on how you might be able to make it better!

Apologies if I sounded overly negative.

Cheers!

Post: Website up

Beau BlinderPosted
  • Boston, MA
  • Posts 62
  • Votes 26

Well one of the reasons that it was $50 was because it's a free Wordpress theme. So what you paid for was for someone to set up Wordpress with a few default plugins (about 10 min worth of work if you're doing this stuff in bulk), upload the theme and stick your content in. The theme, for the record is, this one. None of this is a problem and I agree the site looks pretty solid, but people should just be aware of what they're paying for.

As for the site itself. here are some thoughts:

1. Think about the number of fields you have in your form. More fields generally equals a lower response rate. 

2. Change your button to submit the form. Right now, it says "Send." I'd try to make it color that stands out (orange comes to mind) and give it a title like "Sell My House!" Something that draws people to it.

3. In general, your main focus of the site is to get people to fill out that form. It's good that it's in the sidebar because people will see it on every page, but placing it there de-emphasizes it. You may have more luck making it a front and center piece of your site.

So, like I said, I'm new to this. The credit report I'm getting is via Zillow via TransUnion. The accounts that are in collections all just say "Collection Service" without indicating anything about the type of credit. Am I missing something here? I can attach a screenshot with personal data blurred out, but here's an example of the text I see:

Member Number 

Creditor
Status Narratives

COLLECTION /
COLLECTION
Collection account
Account information disputed by consumer 

and then the next column:

Industry Code Account Number

Collection Services 35803973001

Beyond that, it's just the dollar amount of what is owed and the dates related to when the account went to collections, the last update, and when it was closed (no entry for that). 

Sorry, a correction here -- the two reported credit scores are 614, 624, and then that mysterious -1.

Hey everybody,

I have a family applying for one of my units who seem pretty solid. They have good references from their previous landlords, they strike me like responsible people, all three of them (husband, wife, mother-in-law) are employed and have been with their same employers for a while. Their income more than meets my requirements.

The only pause for me here is their credit scores (mid 600s) and the reasons for those scores -- 2/3 of them have at least something in collections. The balances are all reasonable, but given that this is my first time going through this process I just wanted to check with some other landlords. Do collections give you guys pause? Their previous landlords both said they've had no issues with late payments and they've been with their last landlord for 4 years. The wife also has about $50k in student loans (which she's paid promptly).

I've been looking for help reading the credit reports (these are TransUnion reports from Zillow). Do you guys know why someone would have a credit score of "-1"? I can't find anything from TransUnion or anywhere else that would indicate why someone would have a negative credit score. Seems like a bug.

Any feedback here is appreciated.

Beau

I'd be very afraid of someone operating an illegal daycare out of my place, mostly due to the liability you may be exposed to while they operate a business in your residential property. Especially where there are small children involved, I would want this activity ceased or them out asap to lessen the risk of something happening.

Terrible situation. I can't believe how brazen some people are when it comes to disregarding pretty black and white rules.

Originally posted by @Dawn Anastasi:
Originally posted by @Paul Ewing:
Plus it is hard to get bank loans on lower priced properties.

 I bought all-cash versus using financing.

 So you'll make your initial money back in 5.5 years? Damn. That's awesome :)

Post: Dealing with lead paint

Beau BlinderPosted
  • Boston, MA
  • Posts 62
  • Votes 26

@NA Jones no problem, I hope that was helpful!