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Updated over 5 years ago on . Most recent reply

Account Closed
  • Chicago, IL
29
Votes |
88
Posts

'Subject to' REI Strategy

Account Closed
  • Chicago, IL
Posted

Hello,


I have recently read a lot about Pre-foreclosure investing and 'Subject to' deals.  I would like to buy houses under this strategy but not sure where to start. 

I am currently working on my marketing plan and designing my postcard campaign. Although I have read and watched all educational books/videos to really understand how it works, I am not very confident about it.

Some of my doubts/questions :
1. Where can i get list of houses who have received 'Notice of Lis Pendens' ?
2. What can I do to make sure that I get all documents/disclosures properly signed ?
3. Can anyone here help me understand this strategy and walk me through the process ? 
4. Any advice on practicing and improving my cold calling skills ?

I will be really happy to devote my time and energy with anyone who can help me learn this.

Most Popular Reply

Account Closed
  • Chicago, IL
29
Votes |
88
Posts
Account Closed
  • Chicago, IL
Replied
Originally posted by @Maurice D.:

1. Where can i get list of houses who have received 'Notice of Lis Pendens' ? Title office/real estate data subscription websites/Public Truestee website etc.
2. What can I do to make sure that I get all documents/disclosures properly signed ? use a title company or real estate attorney for closing
3. Can anyone here help me understand this strategy and walk me through the process ? NO, not for free.
4. Any advice on practicing and improving my cold calling skills ? try door knocking in person.  you get to see the property and find out if its vacant etc.

Here are my answers:
1. Most Counties maintain a database with such properties. Research well and ask local real estate club members.
2. Hire a good attorney who can help you throughout the process. Do not settle on average, please !
3. Read this book: How to invest in RealEstate without Banks by Marko Rubel 
     Attend one of his RE meeting if you  can (nothing is really free)
4. Read:
Way of the Wolf
Fanatical Prospecting, and others




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