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All Forum Posts by: Chris Stromdahl

Chris Stromdahl has started 62 posts and replied 216 times.

Post: Real Estate Investor EXPO July 24th Bellevue WA

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

Looking forward to the event tonight!

Post: The use of delinquent utility customers lists?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Gerald Harris 

What exactly will the code violations reveal?

What type of code violations are we looking for?

Post: The use of delinquent utility customers lists?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

Post: What is the difference b/w a Sheriff's Sale and a Trustee Sale?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Jeff S. 

Thanks for the information.

In summary, I think it would be best to continue this convo your WA counterparts/investors with your experience. Ill message you offline about networking.

Post: The use of delinquent utility customers lists?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Gerald Harris 

Exactly. 

I am going to start making the calls my local municipalities.

Keep you posted.

Post: Found a Trustee Sale with potential, what now?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Gerald Harris 

This is really great information.

And very well summarized.

Thank you Gerald.

PS. I got married in Savannah, GA a couple years ago. On my way down to the wedding we stopped in Charlotte for the day/night. Beautiful city! Beautiful part of the country.

Post: New investor/meeting with my RE attorney on 7/28/suggestions?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Christopher Mendoza 

Great information. I am relieved to see that the questions you suggested that I ask, were asked. He is a business lawyer that specializes in RE law. He is a landlord himself. This was determining factor in my decision to work with him.

He did provide a flat rate. Another BP contributor suggested that I ask for a retainer agreement. Good advice. 

Out of state transactions: I did not discuss this with him, but will bring it up thanks to your suggestions.

Appreciate it.

Post: What is the difference b/w a Sheriff's Sale and a Trustee Sale?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Jeff S. 

@Steve Babiak 

@Wayne Brooks 

What determines whether a foreclosure is judicial or non-judicial? 

Why would one occur and not the other? In general, what are the determining factors?

For example, are judicial foreclosure a result of missed property tax payments while non-judicial is a result of missed mortgage payments?

Post: RE lawyers, insight on prepping for the first meeting?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Sita B. 

The attorney that I am working with was recommended by a network connection and the credibility of his work has been verified by a BP Colleague. With regards to billable hours getting out of control, you are 100% right. I am a little concerned because I did not do a lot of vetting prior to talking with him. This is out of the ordinary for me. However, he was very upfront about the cost of his services and what all they encompassed. I was very direct in asking him what differentiated his services from my ability to apply for an LLC myself. I was comfortable with his answer.

As a result of your post, I called him today and asked if there was anyting that I could do ahead of time to shorten the meeting, he said no. I then asked him whether I would be billed for the time on Monday, he said no. He said the plan is for us to use the time to discuss my business further and to put an action plan into place. I will ask him about a retainer agreement at that time. I do not get the impression that I am going to be having to deal with a lot of up-selling.

The creation of this company is important to me and I want to make sure it is done correctly. I don't change my own oil, hem my own clothes, or make very good phad thai:) I pay people to do these things. They are the professionals and I benefit from there knowledge and experience. 

Thanks again, especially for the retainer suggestion.

Post: RE lawyers, insight on prepping for the first meeting?

Chris StromdahlPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 222
  • Votes 38

@Vlad Kuzin 

Thanks Vlad.