All Forum Posts by: Logan Pourbaix

Hey BP! Just curious as to some other types of lists to pull off of propstream. I just pulled a 2,000+/- name list for absentee high equity (above 35%). Good success, but looking for some other ideas for propstream lists. The data doesn't seem too great for probate, divorce etc being that I'm in a fairly rural area, so I pull those manually each month at the courthouse. Thanks ahead!

Hi BP, 

Just curious if anyone could recommend a good company Virtual Assistant company. Im looking for someone to run a texting campaign for me. Any experience will cold calling using a VA? Are all VA's usually out of the country? Any addiditonal information greatly appreciated. Thanks!

LP

@Jason Stubblefield Thank you for your help! After doing some further investigation over the weekend, I believe you're exactly right. I would love to discuss this with you further. If nothing less just connect, I see your in Braselton, GA. Im not too far from you, about 45-50 min north. Look forward to connecting! 

Hey Bp! 
I have a strong background is new development. (SGL Family, Small Multifamily/duplex triplex) I’m interested in beginning to branch into some larger development projects. (15-20 units) With rising construction costs and number of units wrapping you into commercial style loans, Im struggling to make the numbers on a project like this work. When I look around at some of the bigger developments in my area by large development firms(50-100 units) I find that the rents on these complex are largely based on “income”. Which tells me that there is some type of government assistance that makes up the difference between what the tenant pays and the developer collects monthly. These said complexes are new and in great areas so I do not see them being section 8 or anything along those lines, but I don’t have any experience with any type of rent assistance programs. Just curious if anyone knows what programs or agencies these larger developers use to bridge the gap between new development costs and a descent rate of rate of turn. Any advice appreciated, thanks!  

Goodevening BP! I’m looking at a deal I got off of direct mail. The property would be a flip but is in terrible shape and apparently has a tenant. When asking the owner about the tenant her story is that he moved in under the agreement to fix up the property and had done the opposite since, all without paying any rent. The current owner says she has tried several times to evict but hasn’t been able to do since the eviction moratorium. 

I called the local magistrate court that handles evictions and she says the governor ruled the moratorium unconstitutional so it has been lifted in the state (GA) as of a few weeks ago. 

What does evicting a tenant with no formal lease look like? Sounds like it be cut & dry but through experience it seems like there a lot of grey area here which usually in turn makes things harder. 

Any advice or pointer are welcome! Thanks 

Goodafternoon! I had lady call me off of a piece of direct mail I sent out and said she is interested in selling. I came out to the property and met with her, and made an offer. She told she had a mortgage on the property and unfortunately as much as she wouldn't like to be a landlord anymore, she cant sell the property for less than the mortgage payoff. 

I checked back on the deed and attached was a security deed with a small mortgage on the property. However it was supposed to be satisfied in 2009 according to the terms. 

I also checked with the local clerks office and the lien index. No cancellation was ever filed, but Im not 100% sure if that would even get filed there in the first place. (there was a tax lien and a cancellation on that lien filed back in 2015) 

Is there a way to figure out if the existing mortgage was ever satisfied or what the current balance is without getting written consent? 

Hey guys,

Just curious to see what folks thought on are for listsource vs. propstream for pulling lead lists. I’ve used listsource in the past for pulling different lists but I’ve recently downloaded the trial for propstream and I must say I certainly like the user ability much more. When trying to recreate some of my past lists from listsource on propstream they’re differing by a couple hundred leads (listsource 1400count propstream 1200 same criteria.) I like how I can filter through the properties before I pull the list on propstream to make sure there’s no junk (ie subdivision lots etc) I’m not interested in but propstream always seems to come up with a lower number of leads than listsource via same criteria. What is everyone’s experience? 

I understand the concept of wholesaling. Get a lead, meet with seller, do your analysis and come to agreement with seller. Once you’ve completed your packet of information and analysis to send to buyer and you find one willing to pay asking or make an offer, do they typically ever get to do a walkthrough or final inspection or do they typically just do a drive by and go off of the photos. Just curious because I’m sure from time to time there will be properties that are still seller occupied. Expanding on that are wholesalers always up front with the seller that they will be assigning the contract to an end buyer? (that is if your not double closing).  

@Eric JamesThank Eric, good Insight! 

@Andrew Postell Good Insight. Thank you for your contribution. I agree 100%. Taking action is key. We all make mistakes and get better at thinks with time, but you cant get better if you don't try!