All Forum Posts by: Dustin DuFault

Hello folks!

I was curious what the going negotiated rate should be for a new account with Listsource. I know I've seen others say they come off the price pretty readily but I just got a quote emailed to me from one of their sales reps... and when I compared the pricing on the contract I was sent to what I got from their retail site it was a bit higher than what I could pay right off the bat online for the fields I need (just the basic stuff everyone is doing).

Basically I'm coming out to roughly $.18 / record with the standard absentee owner list criteria.

Any insight - or contacts over there that negotiate - would be most welcome, thanks!

Hello Bigger Pockets!

As our portfolio has grown, I'm beginning to consider what a mess it would be to have someone else disposition our assets to help care for our children if something where to happen to the wife and I. We don't yet have a will... which is overdue to say the least.

I know I will ultimately want to get a lawyer to work through this with me... but I was wondering on a broader conceptual basis how long time investors have handled this from a strategy standpoint.

All the options seem less than ideal...

-An unknown dis-interested party selling off real estate assets? meh.

-An as yet unknown management company handling rentals in the name of my children? I'm sure they'll have their best interests at heart. Or: not

So what is it? Just pick the best of the bad options and roll with it? I guess it's good motivation to try out some management companies, but who knows what companies would still be around in 15 years....

You're thoughts & experience on estate planning are most appreciated!! The goal is to try and prevent re-writing a will 10 times over the next 30 years :D

Thanks all! I went with a 1st and 2nd position note - the only way my lawyer thought we could do the deal in Florida. My father did not mind being in 2nd position, and the deal has enough equity to be fairly low risk for both parties --- and I have enough money to back them up as well. So I think that's how we will move forward! Thank you for your input!

Thank you Crystal! I appreciate your input.

Good afternoon BP!

I have two investors (one family, one friend) who would like to fund a flip I have under contract via notes @ 10% interest.

What is the best way to structure these deals when you have multiple investors? The property is to be purchased in my LLC, and I will fund the repair costs.

Thanks for your help & advice, as always!

Thanks! You are right - each will have their own page.

I had considered your strategy of writing a script to pull the images as you mentioned right after I posted.... but then I thought that might actually increase the bandwidth load since I'd be pulling every single image for my database... and I'd only expect a small sub-set of those marketed to use their landing page.

I dunno I get the concern, totally. On the other hand it is a public resource that my taxes have paid for... it's not exactly a commercial image I'd be using.... 

Maybe I should just call them and ask?

Good Evening!

I've been prepping my first marketing campaign. I've been developing a lot of my own tech for managing what I'm hoping will be a deluge of people interesting in selling me their properties. Ha!

Okay - so I'm going to create 'landing pages' for my mailers... in working on this project, I discovered that my local assessor has a fairly rudimentary methodology for storing and calling their image archive for local properties... I'm debating including these images on my marketing landing pages.

So my question is two parts...

First - what do you guys think about the legality / ethics of linking to these images? They would be called from the assessors server. As far as I can tell there are no notices / copyrights etc posted on their site limiting the use of the images... has anyone out there done something similar?

Second - what do you think the efficacy of using a property image in this manner might be? I'm going to begin by marketing to out of town owners. On the one hand I can see an image of the property stirring up the anxiety of owning a property out of town and out of sight (good....... I think!) but on the other hand it might be a major creep-a-zoid factor and make them think I'm stalking their house out there. Whaddaya think?

Thanks for your input!

Dustin

Alison, I'm working on setting this up on my own server with my own code.

I will let you know how it goes once it launches. It'll be a part of my first mail campaign, I think, so I won't have a baseline to measure against, but if anything useful comes out of it I will clue you in :)

This is great - congrats to the BP team!

I'm trying to work out acquisition scenarios with my various 'bins' of money to facilitate a flipping strategy. I've researched the solo 401k option and feel this will most closely align with what I'm trying to accomplish, but surprisingly I'm not seeing a lot on the topic of combining this source of capital with other assets of the business owner. Here are my sources of capital...

-$111k; 401k, fully vested, etc. (so: $50k via the loan option)

-$48k; LLC checking account

-$35k; Personal checking account

-$40k; Available as a loan from family

-I'm also interested in utilizing hard money lending for leverage

So help me out BPers! Each of these pools of money would be insufficient for me to comfortably flip from just one source - in fact for safety I think I would want to have access to those 401k funds to provide a cushion. 

I know I can fairly easily access the $50k via a loan in a self-directed 401k plan.... but would I also have the option of using my full balance from those funds and splitting ownership of the property between the plan, my LLC, myself personally, etc???

Can I also combine the 401k with hard money and private financing?

Thanks for your help!