All Forum Posts by: Blair Poelman

you'll be uncomfortable and nervous making this kind of change, but folks don't get rich sitting quietly in their comfort zone.  

Just do it! 

if you keep doing the same thing you did yesterday, tomorrow will never be any different.

Sounds about right.  Real Estate sometimes goes by the name "Creative photography" 

Don't want to make too much of a joke out of it - but it's not uncommon for a seller or agent to make a real dump look real good.  Had one last week that looked like a dump in the pictures, but in reality it was a complete sh*thole, TONS worse than I could have ever imagined, even for that part of town. Not even fit for a squatter.

Don't sweat it.  There will be another deal out there that's way better than that one - or maybe you just need to work that deal differently.  Often times a bad deal can be turned into a good deal with strategy, creativity, or price.

@Scott Rabin

 I’m an agent here in Utah and I’ve also done a few more than a handful of deals on my own. I'm finding deals pretty regularly. I'd love to connect up and get some of them in your hands.

mIght be worth paying eventually, but for me there would have to be more value-add services than just the address.  Before you can gather data and run analysis you need users and transaction volume.   

often times properties are listed on more than 1 website.  Would your system have only exclusive inventory not advertised anywhere else?  As a seller, I wouldn't do that.  I need as many eyes on my property as possible, and I don't want to put any roadblocks in front of people. i.e. make it easy for people to buy from you.

Loopnet has a suite of other services which help to justify their cost.  

Also, many commercial agents use services like loopnet instead of their local MLS, so to them it makes sense. To others it doesn't make sense.

what kind of lead?  $1 is nothing in the world of lead gen. 

First off, good move speaking an attorney.  I can recommend a good guy.  DM me if interested (no, I don't get referral fees from anybody I refer to, but I wouldn't mind a nice christmas present or a good bottle of scotch once in a while... hint hint to all my network guys)

I think you're using a phrase that I interpret differently, but what do you mean by Umbrella policy? Are you referring to the LLC, or a hazard / liability insurance policy?

6,617 Sq Ft.
10 Beds / 5 Baths
1.07 Acres.
Was previously used as a school, but zoned for either residential or commercial.  Possible to convert into multi-family. 

Bank owned. Ask is $68,000.  Hit me up if you are interested in pursuing. 

There is no "right way" that will apply to everybody.  There are some general guidelines that will fit most folk, but your unique strategy will require a customized approach in order to achieve your objectives. 

The BEST way to get it done, i guess you could call this the "right way", is go to an asset protection/estate planning or real estate attorney with an outline of exactly what you're plans are, and have them give you a proposal for a corporate structure.

It's not the cheapest thing on the planet, but worth doing.  Once you have the structure set up (correctly) you can easily expand it as your portfolio adjusts in size and your strategies and techiques change.

There was a post just the other day about how the discussions on LLC's here on BP is not great. I tend to agree, simply because most of us aren't attorneys, and therefore aren't legally qualified to give that advice, and the way all do our own deals vary greatly.

My advice on this - spend the money and hire a pro and have them get you going in the right direction. I have a pretty good guy here in Utah that has done a lot of this for me and for several of my clients.  DM me and I can give you a referral to him. 

@Jonathan West   You really do have to just jump in, otherwise you're never going to do anything.  Don't be haphazard about it, you don't have to take the first deal that crosses your path.  There's almost a guarantee in this business that you will miss out on an unbelievably phenomenal game-changer deal at some point in your life - but who cares!  There are more where that came from.  (You will kick yourself for the rest of your life for missing that deal.  Just fair warning, dude)

Don't try to take down a deal you can't control and/or don't understand.  Keep it simple - whatever simple means to you.