All Forum Posts by: Jesse Tsai

Heres the approved courses:

http://red.nv.gov/uploadedFiles/rednvgov/Content/F...

Ive personally used proschools and onlineed and have no complaints.

Key and Kaplan seems to be really popular as well.

Ive never head of complaints about any of them.

Unless youre in a market where there is a shortage of vendors, just find a new one.

Generally, most of the rehab work in a house isnt that specialized that it would require a specific contractor.

If your recorder/clerk/recorder of deeds has their data online, go to their website download all the deeds that were recorded within a certain time period (say six months).

Then go on Excel and sort the names by frequency and you'll have all your entities sorted by transaction volume.

I would try:

REO agents

Becoming a vendor with national/regional property preservation companies

Go on MLS, find some trashed properties, identify who the buyer is, and approach

Trustee/sheriffs sale

For preforeclosure, your primary goal is going to be signing up as a vendor for preservation companies.

https://sheriff.franklincountyohio.gov/search/real...

and realtytrac.

If you want to get alerts or any other feature not available, I would just get it someone to develop something to scrape the site and build what you need.

@Brent Coombs  While taking a QCD isnt the ideal way to get property conveyed, its unfortunately does occur.

Essentially, the seller doesn't have to prove they even own the property, its up to the buyer to do due diligence.

I'd rather not take a QCD if I can avoid it, but Im willing to do so to get a deal, after I do my due diligence.

Generally, an addendum will supersede anything stipulated in the original RPA, so I would assume title is being conveyed with a QCD. In that case, the prelim is likely being provided as a due diligence doc as a courtesy.

Whether the seller will actually include(pay) for title insurance will depend on what the contract says. If they dont, you can always buy it yourself from the title company.

The offer for you to select your own title company is likely just an opportunity for you to select where you would like the deal closed.

@Peter Thomas

I haven't switched any cash deals away from premium title yet.   Their junk fees haven't been outrageous enough for me to really push the issue, and their closers in India aren't as terrible as I expected.

 I'll try on my next transaction and let you know what happens. The way I'll try to get the escrow switched is to just submit an addendum stipulating a new closer and title company with the RPA. 

It may end up costing you less money if you have a relationship with a escrow/title company that gives you discounts, and you get a binder to make up for having to buy your own owners policy.  

Contact the BPO farms and ask to become a vendor.

1. Ive found that the listing agents list Hubzu (Ocwen) properties for fair market value on the MLS.

2. Hubzu contacts all bidders with an opportunity to provide a "best bid". The best bid normally has a minimum bid. I've found that this minimum bid amount is almost always unprofitable. In the only instance where their best bid opportunity was reasonable, I bid and was awarded the property.

3. I think the investor just bids since the opening bid is pretty low, and hubzu rejects the bid since it didnt meet reserve.

4, Mine have taken a few days to a week max.