All Forum Posts by: William Baumann

same here, podcast says it starts in 15 days and is for 

Why they would do that all depends on what their strategy is, maybe buy and hold, maybe they are praying for the property to appreciate, who knows, doesn't really matter. All that matters is your numbers, remember that.

The "Boots on the Ground" approach is a great method, and one of the services that I have provided other investors that buy property in my area.  Of the 3 times I have done this, all three were out of state investors.

@Matt Ransom Also make sure to check out the foundation. Just remember to work the numbers, and stick to your numbers that will work for your proposed deal, unlike what @Arlan Potter mentioned, if 40 cents on the dollar is all that will work, then that is what you offer, just don't chase a deal if they turn you down and your numbers say that what you offer is all you can do.  In other words, don't let your emotions, enthusiasm, and excitement force you to try and force a deal if it isn't one.  

well it can still be a lead, you can check the mls or contact the agent and inquire on the place. Just be aware that the seller is going to be wanting more money because of the agents fee, and also pressure from the agent for a top price as the higher the sale price the higher there commission. 

No hijack issue, always good to discuss ideas, one idea helps lead another.

In this case I would say give a official warning letter about how the trash must be put out every week or there will be a $25 fine or something.  What is the cost of getting an additional can? Maybe tell them that your going to give them an additional trash can but their rent will increase to cover the additional expense. Maybe a combo of the two approaches?

So I got an email from a new investor looking for advice, lets call her Alice.  Alice and her husband only have one car that he uses for work.  She found a possible deal and wanted to look at the house and the neighborhood but due to her husbands job it makes it very hard, and wanted to know if I had any ideas.

My recomendation, Google Earth.  Google Earth is a great mapping tool and also has the advantage of "Street View".  You can literally "drive" the area virtually and get an idea of the area, type of neighborhood, daytime activity, and get a look at the outside of the house.  While it is obviously best to physically go to a place in person, google earth can be an option for the times you can't be there. 

I had an issue with state farm where they sent my lender a letter saying I was no longer covered, and I got a check in the mail for $1200 from insurance company.  

When I called the insurance company about what the heck was going on they said they were dropping me as I didn't live at the property!  I had to convince them that I lived there to get everything sorted out.  My lender Wells Fargo tried to demand payment of $2800 for lapse in coverage, even though my policy never expired nor was it ever canceled. I sent the letter to my insurance company and told them to pay it or deal with it as this is all their screw up.  Agent called a week later saying that everything was resolved.

Here is the most messed up part of all this, if I had cashed/deposited the check the insurance company sent me, it would have actually cancelled my policy. This whole ordeal lasted about 2 weeks, and was due to some field investigator that supposedly came to my house while I was at work and my father that lives with me since his stroke answered the door.  

Crazy world.

@Liam Goble Interesting, thank you for sharing that.  I will have to do some research on my local section 8 HA.  Just trying to gather information.