All Forum Posts by: Eric Blow

Does anyone know how I can figure if a title company has the ability to generate a list for me but doesn't know they have the ability? Meaning, I have a title company that is a great company and willing to go the extra mile for me, but they seem to have a person who goes and does individual title searches on county records etc... Is there a usually an in houses database that most title companies get for these lists? How are these lists generated? Just through county records? The local MLS or MRIS has what I believe is the data I want but I'm not sure how accurate it is.
Thanks for any help...

Great point Brian. I actually was under the same opinion with my first agent. I said roughly the same thing... I won't be paying that fee since you will be getting full commission. The agent said, "No problem, I can eat that". Glad you can take one for the team there champ....
Then the next agent I have been working with is a friend of mine. Before I confronted him on it, I wanted to see if it was a normal fee. Now I realize it is just another way for them to pass their business expenses onto the client.

Thanks again for your input.

HI Danielle,

Can you help me understand more about how you can move farm property efficiently? I'm curious about what you guys meant by 30-60-90. Why DOM needs to be lower than 120 and how you plan to retail to families.

Thanks in advance.
Eric

Thanks for the perspective guys. That is what I needed to know.

Eric

Thanks for the reply Finance Examiner. My situation is that I am using a new contract through my buyer agent. In that contract is a Broker Fee that looks to be associated with the sellers Broker Fee having to be paid by me at the closing.

I am trying to see if wholesalers normally remove this fee from the contract or do not agree to pay it. Seems to me that I should get it removed. But if it is normal and there are reasons I should take that into consideration in my estimate then so be it.

I am using a Real Estate Agent to write contracts etc.. for my wholesale deals. I am wondering if anyone else questions the validity of paying the Broker Fee that seems to be on the contracts. It is $400 on the latest contract I have.

Should I settle with this? or Should I ask for it to be removed?

Thanks in advance.

Good suggestion Bill. I'll give that a try.

How would I get it under contract if the seller / bank requires proof of funds then? Wouldn't they require this prior to ratifying the deal? If so, I would need to go to my buyer and have them lend me the money to my closing agent, then have the closing agent show proof of funds to my selling agent? Is that right?

Hi all,

So I am starting to put offers on REO properties. Since I cannot assign the property, I assume I need to play this deal a little tight. I plan on getting an offer on a contract and I have cash buyers ready to go. I am trying to figure out if I need hard money or not. I assume that the bank will ask for proof of funding. I don't have this myself, so how can I get the deal to go through? Do I need to use a hard money source and get a proof of funds from them? Is there a way to use my private buyers money to show proof of funds?

Is it even possible to get to a closing at my title company without having hard money or the cash to purchase for the flip 30 minutes later?

Thanks,
Eric

Thanks. This is a great Site! Good to network with other investors.

Ted, I might be calling you soon to possible do some funding deals.

Eric