All Forum Posts by: Ash Seth

Gurus,

As a newbie, I would like to know that how can I perform a title search for potential leads? What kind of information it will cover and it won't ?

Does it make sense to do it online (any good referral/contacts?) or drive down to county cleark's office for every single detail all the time?Will it be possible for any title company to provide a free search as we are going to provide them the business.

I heard it costs 400-500/property whether you able to buy those potential leads or not... In this case what is the best approach to minimize the expenses for the begginers? Thanks in advance.

Seth

Eric and Michael,

Thank you very much for your help and making it clear to me.

At this time I am not sure yet if there are other loans involved or not as I haven't done the enough homework for that property. Being a newbie not sure what should be the steps to:

how to approach the owners,
what to offer them (for example: for a 300k property- if they have 200k already in equity, on average what should offer to them.)
how to valuate the property (actual + repairs),
how to search if there are other loans or not,
how to take over the loan.
and anything else I must need to take in to account.

Since it will be the the first time for me so not sure how you advise me to move forward.

Thanks.
Seth

As a newbie to this REI, I am looking for a help here...

I am looking into a deal which has 70% equity. Property is scheduled for auction in two months. I would like to know, how can I work with buyer and lender? Will it be considered as a short sale or preforclosure and What should I be aware of while working with them?

Seth.

FSOS,

Welcome aboard. I am in the same boat also like you are - A corporate thing and from LI. Have you been a part of local REIA forum? Gurus here are great and gives the real good advise. Very comprehensive answers here and pros do help us with this. Hope to see you here more often...

Seth.

Alexis offering the 3 day onsite training program in CA area. Has anyone has attended the program and has any success rate with it?