All Forum Posts by: William Robison

You do take a lot of risks, which can be managed and calculated, but you also take a significant amount of reward too, with the right education, experience, and process.

Sent you a PM

Taxes and certain liens will carry with the title at auction sale.  I know these in advance of bidding, then calculate those costs into my bidding.  I clear them after we purchase. 2nds, and some other liens can be wiped away with a auction sale with trustee.

A title can be guaranteed.  Just because it transfers without a warranty deed, doesnt mean that it is a doomed asset for life.  It just needs to have a search done and transaction placed to transfer the type of deed.  Buy it in one entity, then transfer it to yourself in another entity with title insurance and a different deed type.  Auctions sell with a trustee deed, which means there is no history tracked, resolved, etc.  Its up to your due diligence to perform a search prior to purchasing to make sure that it is a clean title or can be cleaned, then a new deed can be placed.  However, we keep them in trustee deed state, because the refinance requires title insurance for the lender, and therefore a policy is put into place.

We typically use a lease addendum to add the roommate to the lease.  What ever is able to legally bind them should something go wrong. 

Hello @Eric Andersen

Ive operated an investment real estate firm for the last 6 years.  Ive got significant ties to Bend OR as well and a neighbor from SLC.  If you are still researching answers, send me a contact.  A lot of decision goes into strategy.....cash flow vs long term wealth accumulation.

I have some resources to share.  Are the properties all in Kansas?

Message me for a few referrals.

https://www.meetup.com/FIBI-of-Kansas-City-Real-Estate-Investors/

For Investor, By Investor-Kansas City is a great place to network, meet others that can help with needs, and all without a sales pitch.

WIlliam (one of the founding members)

Best of success with your investment goals in 2020.

@Brandon Rabe  I will make a recommendation that I have seen time and time again not be followed.  Find a team that will support your needs from the beginning to the end.  An agent will sell any property.  An agent that supports a PM firm will sell a property that they want to manage.  A company that includes a renovation team and process will best prepare the property for a rental, and ultimately be around for any headaches that they leave behind.  Find a company that has been at it for several years and has provide all three services at least a few hundred times so they have processes in place and vendors that are best suited to support such process.

Yes, Kansas City is a great market.  Very diverse.  Growing, yet stable.  Cash flow and/or wealth accumulation.  

All the best with your investments and success in 2020!

@Israel Ron  Sometimes having a good referral from others that have performed well and are from Israel will provide as a good, reliable and comfortable source.  We have helped a few investors from Israel, and some with Israeli partners.  Check around or message us and we can connect you.