NEW in Michigan

[Ryan Mertz]

Hello BiggerPocket

I am Ryan Mertz.
I will be researching this site in search of information on how to be prepared for all different positions and situations of Real Estate.
1. I want to learn how Bird Dogs and Property Locator work
2. I would like to know how to find asset managers/
and how do you go about finding the best person to work with when it comes to wholesalers when investing
(maybe im not in tune with how wholesalers work but i find that there job really is to market a property. and ive noticed in michigan most properties are sold on a quite claim deed)
4.What are the downfalls of a quite claim deed
5. what are the down falls for a short sale

6. when wholesaling how do you stop the buyer from going around you.
7.when and How to approach a seller with a option contract.
8.How and when to hold/rent or re-sell

Does being a real estate agent increase your investing and wholesaling power?

These are the subject areas I will be looking in so if you guys know of any links to threads that will help me
please let me know
anyone who would like to network give me a add!
anyone with answers please by all mean enlighten me
Thanks for your time
This is a great site!

RYAN

[Jon Holdman]

Quit claim deeds are sometimes used with bulk REO deals, and there are tons of bulk REO deals in Michigan (and other places.) A bank or some hedge fund ends up with a large number of foreclosed houses. Rather than doing detailed title searches, they sell them as a batch, and only provide quit claim deeds.

If you want to be sure you have legitimate title of such a property, get a title company to do a search and issue title insurance on the property. If they will do that, you know you have a good title.