All Forum Posts by: Douglas Harris

Thanks @Russell Brazil  I was going to reach out to you directly as I knew you would be able to help.

Thanks @Jay Hinrichs! Hopefully Tom can help

**long post alert** 

I bought a duplex in Washington DC in February (BRRRR). The company that is handling the refi found the different owner of the title other than myself and business. It turns out to be the owner to the connected other two units name is on my deed as the owner ( I'm not sure why my title company did not catch this during the title search)

I reached back out to my title company and was told that they filed an indemnity to fix the deed problem at recording but was rejected. Now the tile company reached out to the neighbor (incorrect deed holder) to sign the deed over. The neighbor agreed that she’s not the owner but is taking forever to sign her rights over to the deed. She is not responsive, however my title company does not want to piss her off as she can just say she’s not signing the deed over  

As you can figure I cannot refi until this is taken care of. I’m looking for any advice. Should I get a lawyer? If I go the legal route will I be able to sue for the money lost for not being able to refi? What can I hold the original title company (that made this mistake) responsible for? Should I avoid any legal action all together?  

Lastly, I have title insurance of course and a copy of my policy. 

https://www.expresshomebuyers.com/app/searchdeal/listing/ddff3b9b-0129-41a9-aa91-2642adfd80e2

@Sean Mcmahon thanks. Check out @Greg Allen properties. He’s a great guy to work with! @Joe Proscia sorry I should definitely specify that the 10K I put in the deal was for rehab. I did have to pay a down payment, but using the BRRRR strategy I pulled the down payment from a previous property and will recoup the down payment after the refi.

@Timothy M. and @Shadonna N. thanks! I was able to purchase the whole duplex. (Both units). It’s located in Deanwood.

@Frank Geiger and @Patrick Menefee thanks guys. I actually purchased this house in 2017. I currently have a tenant at $1550/ month. It cash flows almost $300 but that all goes to a reserves for repairs/ cap ex. 

Investment Info:

Single-family residence buy & hold investment in Woodbridge.

Purchase price: $212,000
Cash invested: $2,000

3 bed 1.5 bath townhome. This was my first investment. Did a house hack with a VA loan.

What made you interested in investing in this type of deal?

I was sick of paying rent, but did not want to pay a full mortgage. I knew I could rent the two rooms out to cover my mortgage

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

VA lending

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $203,000
Cash invested: $10,000

1 b/b in NE DC. Found this wholesale deal on BP. I knew instantly it had plenty of value add equity. I'm using the BRRRR strategy and currently waiting to complete the refi.

@Dan Gamache do you do work in DC?