All Forum Posts by: Rob Rose

@Wayne Brooks Does paying a title search company cover clerical errors of the nature you describe?

@Wayne Brooks When you say, "real title search," is that something more specific than paying a general title search company? I don't know how to find liens occurring with some clerical error, but I would be interested in knowing what the tricks are. And when is the soonest you can buy title insurance? Only when the CT is issued?

Thanks for the feedback! That is what I suspected about it being a formality. I feel really nervous because this is uncharted territory for me. Good suggestion about the insurance piece! I appreciate your help. 

I just purchased a property through a courthouse steps auction (online though, not actually at the courthouse steps). I was wondering if anyone has any relevant tips or advice as I move through this process. Why should I expect? Is there anything in particular I need to be aware of? I have bid before, but never won. I did a lien search before bidding and the only outstanding lien I found was for the one that is reason for the foreclosure, which will be satisfied by my purchase.

I was told that there is a 10-day window where the defendant (or others) could make a claim against the sale before the deed transfer can take place. Is this usually just a formality? I am just wondering what to expect through this process. 

I am asking because I want to be able to better analyze a deal before buying a property.

I am relatively new to both real estate investing and BP. I am in the middle of my second flip right now. I understand the theory behind how to calculate a CMA but I am not experienced enough to be confident in my own ability, especially when it comes to calculating adjustments and determining an exact value in my market for differences between the subject property and the comps. I definitely need to break out of a reliance on sites like Zillow before I get burned. I was debating subscribing to a site like realpricenow.com, at least until I feel more comfortable in my ability. Can anyone vouch for whether or not this site offers any real value to someone like me, or if there is any other good advice for developing my ability to accurately calculate a CMA?

Hey everyone. I am relatively new to investing and brand new to BP. I am almost done with my 2nd flip and have sold what was previously a rental property and should have about $100K cash on hand by the time this one is said and done. My dream is to keep my day job for another year or two and finish enough flips in my spare time that I have about $150-200K in the bank before moving into this full time. Is it naive of me to think that I could do this with my own cash and not have to any finance any purchases? Both of the flips I have done have been bought and fixed up for under $50,000 total since my father-in law and I have done all the work that doesn't require a permit ourselves. I hear even seasoned investors with a lot of money and property talking constantly about methods of financing deals and I wonder if there is anyone out that works only in cash or if there is something I am missing about why I should turn to a bank or other lending source if I can avoid it?