All Forum Posts by: Charles Nguyen

@Alain Rouhana - There are plenty of good events in Houston.  I run an event every month where we focus on getting Real Deals.  Check for any of my previous posts for details of our next meeting this coming Monday.

@Tom Cooper - Thanks for the mention and hope to see you on Monday.

@Jarvis Bailey - you may want to look into some of the Podio packaged solutions.  They will already have a lot of features you want already built.  If you are just starting out, then you may not need a package off the bat, but you may want to get there as fast as you can.  The question will become whether your time is better spent building out podio yourself or getting the next deal.

@Cayce Baierski - Congrats on the flip.  I am in the Houston area as well.  Would love to sync up.  In the meantime, let me know if there's anything I can do to help.

@Sola Obitayo - Yes, you can wholesale an owner finance deal.  As with anything else, the numbers depend on the cashflow, terms of the note, etc.  I like owner finance deals and would be happy to take a look.

@Mark Pedroza - Unfortunately this is not an all day seminar.  I actually was in SF in October for a conference run by an attorney (John Hyre).

As to your question on what docs to use, I know CA has their own rules, but I can give you my answer based on how things work in TX.  

To transfer title for any property, we need a warranty deed(s) from the owner(s) (whoever that is determined to be in this probate type situation).  For trust owned property, the beneficiaries would still need to deed the property over.  In some cases, title companies use heirship affidavits as part of their underwriting process.

If at all possible, I would close at a title company.  They would give a lot of guidance on what they would insure.

Although I prefer to close at a title company, it is not possible.  At this point, a decision needs to be made on risk vs reward on the deal.

Hope that helps.

Houston Meetup - March 2017 - FREE Meeting

How Solving Title Issues Can Get You More Deals

Join us at our next FREE Meetup on Monday, March 27th @6:30pm to learn how we make deals when other investors have to pass them up.

RSVP ==> CLICK HERE

Want to know the right way to address title issues?

Someone wants to sell an inherited house, and says they want to "sell my house fast". Do you know what's needed to deal with the probate process?

Can you afford to miss the meeting?

Those are just some of the questions that will be answered.

As always, there will be plenty of time for networking with your fellow Real Deal makers.

RSVP ==> CLICK HERE

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Our agenda will include:

6:30 – 7:00 pm: Networking and Deal Making with your fellow investors (both new and active)

7:00 – 7:15 pm: Deals (Bring your deals and checks)

7:15 - 7:30 pm: Case Study

7:30 - 8:15 pm: Main Discussion

8:15 – 9:00 pm: More networking and Deal Making

____________________________________________

When: Monday, March 27

Time: 6:30pm - 9:00pm

Where: Black Labrador

Dress: The dress is always casual

Investment: There will be no charge for this meeting.

Parking: There is a FREE parking garage directly behind the restaurant.

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@Jordan Dupuis - Yes, we have a meeting every month.  You can get more details ==> HERE

Hope to see you at the next event!

Reminder....our FREE investor meetup is next Wednesday....investors of all levels (beginners or experienced) are welcome.

Come find out where the market is headed....drop a post here to let us know you're coming...

and...here's the link to...

RSVP ==> CLICK HERE

@Darnell Henderson - Texas has a redemption period on tax sales so many title companies will not provide title insurance on those type properties for a period of months to years.  This makes it a little more risky from a lending perspective.  

This should not stop you from buying at the auction - just make sure you know all the rules of tax sales.  I have seen too many people buy tax properties and not fully understand what was purchased.  They buy a property and immediately inherit the "other back taxes" that are not a part of the tax suit.  

Good luck!

@Sahegin Charolia - I'll hit you up.  We'll find a time for coffee....