All Forum Posts by: William Baumann

This is an issue I have come across and would love some input on this.  A realtor a while back sent me info on a property that had a finished basement, and they included the finished basement in the sq/ft of the home. Looking at the outside pics I could tell that there was no way the house was 3,000+ sqft,.  When I asked the realtor about this she said that if the basement is finished it is counted as living space in the price/sqft if it is unfinished it is not.

Example: a SFH value is $80/sqft @ 2500 sqft living with finished basement, market retail $200,000

same house with un-finished basement  $80/sqft @2000 sqft living space market retail $160,000

This is the simple part.  First make sure these properties are in places you want to do business (not in war zones).  Second, run your numbers on all of them, and go after all of them. out of that 40 you have found you might get a bite on 2 of them. But it is the process of finding out which 2.  So go after them all with your numbers, and don't compromise with the math.

@Carlos Powell Yes, in order to wholesale a property you must control the property.  Anything else is illegal, don't do it, don't even think about it.  

Using the expired listings you can contact the owner directly. You don't have to contact the RE agent.

Ok, first lets clear up the lingo a bit.  Squeeze pages are not actual things, it is just a term for how a page is laid out, or the purpose of the page. Any webpage can be a squeeze page.  The nasty, evil ones use pop-ups that force you to fill them out before it lets you view the real page. 

Passive ones, like i recommend and use, are simple contact forms that are placed on the page with the content that your visitor is viewing. 

I don't know much about carrot, but I know wix has basic contact forms, godaddy does, most do.  If you want fancy custom forms, those are usually offered at added expense.

What are you looking for it to do specifically? Are you talking about project management for a rehab, general task lists? 

"Squeeze pages" can be used, but you want them to be effective, non-forceful, and passive.  I have 3 squeeze pages on my website, however I am not forcing visitors to fill them out via pop-ups and garbage pages.  Mine are passive, meaning I have a contact form the visitor can fill out if they want on the relevant pages. This way the only data I am getting is from visitors that actually want contact, not everyone that visits the site or the relevant page.  Like @Patrick Britton said, the typical squeeze pages you find rampant on the guru websites are trash, and the moment i see them I leave the page.  

However, passively done, they give your visitor a way to connect with you from the very page they are on and they don't have to hunt down how to connect with you.

NO, get the record deletion agreement in writing before you pay.

Might want to add home square footage, but that is pretty complete. Might want to also include how much they owe on the house.

If I am right about what your asking, yes I believe so, I think they are called umbrella loans, but I don't know much about that or if those are just for commercial loans, someone else is going to have to help you on that one.

Yes, you can and an LLC makes this pretty easy. Basically you just transfer your personal assets to the LLC in exchange for membership shares. While it is easy to do on paper, you need to consult a tax advisor and a small business attorney to make sure you do it right. Otherwise your going to get the bejeezus taxed out of you. I would however recommend that you create an LLC for each of your rental properties. IN PA i believe it is only like $125 for each LLC, however it will protect your other rental from an lawsuit against one. If they are all in the same LLC a lawsuit against one is against all assets in the LLC.

Talk to a business lawyer that deals with this like Sultlaw.