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All Forum Posts by: Dani Beit-Or

Dani Beit-Or has started 40 posts and replied 222 times.

Post: How Easy/Hard to Steal a House

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

@Bjorn Ahlblad TY for the link.

The article is from 2008 + the suggestions on prevention are "weak" in my opinion. 

Post: How Easy/Hard to Steal a House

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

@Lacy Gonzales ty of the clarification! 

Multiple forms of ID are excellent  but could also be late by the time we meet the notary. Better than 1 form of id for sure. 

Post: How Easy/Hard to Steal a House

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

I have two goals for this post:

  1. Increase awareness of the issue
  2. Find ways to decrease the chances of this happening

Note: I'm not an attorney. Just an investor. 

Several weeks ago I read a post on FB about someone who got their house stolen . . . as in a form or result of ID theft. Unfortunately, I don't have the details.

When I read it, it struck a nerve. For approx. 15 years I have always wondered how relatively easy or not complicated it is to steal property. Honestly, I'm shocked it is not more common. 

The next thing I did is to speak to two attornies and one title guy. I'm still looking to speak w/ more such functions.

Do you want to guess what was the attorney's first answer? talk to the title.

Guess what title says . . . you got it . . . talk to an attorney.

LOL would be sarcstic.

The first att. I spoke to had no clue. She kept getting back to how I should protect my identity from theft. When I told her that ID theft has nothing to do w/ property theft and that you don't need a SSN to steal a house  . . . she kept circling back to ID theft and protecting it. I was not impressed . . . at all.

The second att. was more helpful. First, he acknowledged it is rather not complicated to do/accomplish. Then he said that in the past counties would have (free or for cost) a mechanism that lets the owner know and seek approval before ANY changes are made to the title. BTW, while this is a good protection layer it is far from perfect. 

The title guy had no answer. And said about the county he knows well that they have no such notification service.

In the past, someone told me he adds on the deed something like "call Jim Smith at  ### or email at @@@ for any changes".   At the time I thought it was a great idea. But I don't think anyone regularly reads the deed.

Either title or one of the attornies said that the notary should review the deed before signing. After many hundreds of notarizations, I doubt any notary does so (I could be wrong).

Like protecting our house from break-in I guess we cannot have it 100% protected but if we add bars, alarm, lights, patrol, etc. it will make it harder/less attractive for someone to break-in.

Do you have any good ways we, owners, can have better protection of our title/properties? I'll take "better" than what we have today or more difficult than what we have now.

So what's your solution, suggestion, idea?

Post: Guidance needed for forming partnership (or JV)

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

@Gary Parilis if this is the situation I'd seek legal consult not to draw an agreement but to help make sure you covered things you both did not anticipate. 

Post: Agent or no agent when selling...

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

What a great question!

Here's the Qs I ask all those I consult when asked this question:

FSBO Self-test Check – Is it right for you?
  1. Are you available to show the house?
  2. Are you good with quickly responding to inquiries and questions?
  3. Can you REALLY be cool about your house’s price and condition?
  4. Do you know how to screen buyers?
  5. Are you open to an expert’s advice on pricing, staging, and prepping the house for sale?
  6. Are you open to do repairs and some improvements before listing?

Good luck

Post: Guidance needed for forming partnership (or JV)

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

I'd say first sit/meet and outline the "What Ifs" situations you can come up with. This will also serve you should you decide to seek legal work - you'll be able to provide an att. listy o things you have talked through. 

This is your opp. to discuss the uncomfortable staff . . . you most likely will never have this opp. unless you decide to sit/meet and discuss it. 

Don't seek perfection - it will not happen. What you will have is the spirit of an agreement + many pre-discussed situations.  

If you agree and in good standing w/ each other maybe it does not need to seek legal work BUT must do an agreement to be If signed that spells everything you discussed.  

If you cannot agree and still want to work together than seek legal consult. 

It is also possible that the conversation will generate tension which may end up not working together.

Such meet is: smaller inconvenience saves a bigger inconvenience kind of a mindset.  

If you plan to agree on everything - it won't happen. At some point a leap of faith is needed - the big Q is how big is the gap. 

Good luck!

Post: Contracting on Rental Properties

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

I'd first create a task list of what needs to be done that will serve you whichever way you decide to go.

Then divide the list to: things you MUST sub out (that may require license, knowledge, experience you don't have) and to things you can do yourself.

Then further divide the list of things, you can do to worthwhile. ex painting can be easy but maybe getting a crew to do it will save lots of time and be done better? Or make this decision based on cost. Maybe there are task that are cheaper to sub out than DIY.  

Now that you have divide and conquer your task list it is much easier to tackle the workload . . . I hope.

Good luck 

Post: Computing cash on cash ROI

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166
  • Mortgage
  • prop taxes
  • insurance
  • utilities if you have
  • maintenance/repairs
  • If you have management and leasing fee
  • HOA if you have

So you have "two" profits:

A: $61,898.55
B: $68,105

For B did you include holding costs such as ins. prop. taxes, utilities. etc? Did you deduct the rehab cost? 


Closing statements do not tell the whole story.


Post: What's your best real estate deal EVER?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 235
  • Votes 166

@Kaitlin P. wish I could answer. I'm in S. CA and did all my investments.

I do have a great local team. 

BUT I'd say if you plan on moving there rent for a while even 1-2 months to get the feel and then decide. ATL is tricky