All Forum Posts by: Erin Elam

 The first part of that is fine, then it gets into pure garbage, never use a power of attorney, never!

Sub-to is a sale, title is transferred to the buyer. Let a title company request a payoff amount from the lender. 

Search the forums as the Sub-To is well covered, in depth, by a very few who actually know what they are talking about. Figure out the difference between a "popular" poster and an "educated" poster. :)

Hello Fellow Investors, 

My name is Corey Davis from the Atlanta area. I've been following b Bigger Pockets for a while now along with keeping up with the community as well. But now finally deciding to take action full force. Im My goals are to complete 10 wholesale transaction to raise personal capital, Until I can make my way into the rehab and long term rental space. Im in the processes of closing my first wholesale transaction so thats a great start. 

Also looking to connect with fellow investors, rehabbers & buyers of the community. Looking to learning as much as possible and add value where I Can. Excited to be finally making the full time commitment and looking forward to connecting with as many of you as possible.

I am wholesaling in Atlanta as well. Looking for new deals always and also looking to sell deals. I would love to connect.

@Amelia Posely We use Shafritz and Dean on our closings- would be happy to give you my contacts info if you needed. Also, if anyone is selling any properties in the North Atlanta market I would be very interested!

Hi @Solomon Ficklin.

LeadSherpa provides email addresses. We just ran a batch last week, and of the fifty skip-traces requested, 40 came back with emails.

I can't speak yet to the accuracy of these data, of course, but this is definitely a great start!

@Jonathan Jackson  I've recently been getting involved in this space and was told to work around with how your budget/time allows you. REIskip.com has worked very well for us however if your on a tight budget then try truepeoplesearch.com. All the best!

@Jason Grote we do double closings every single time here in DFW. The end buyer pays for your closing and their closing. Plenty of title companies know how to do it. Also it is perfectly legal.

Main reason we do this, is to protect from title inconsistencies. If there are any liens or endorsements they'll go through us before it goes through the investors. 

You could say, most do it so that the end buyer doesn't know how much you're making. That could be true depending how you run your business. To me it's a bit shady to not disclose how much you make, but to each it's own.

@Deanna Stark, since the "B" party is typically making the profit, the costs of closing will come from the proceeds that "B" would receive.  This is the way I have it set up anyhow when I do a double closing.  It is also important to note that in Texas if the Seller "A" pays for the title policy, that you will have to purchase 2 title policies, but if "B" pays for the title policy, then he can transfer it to the "B-C" transaction.  Hope that helps!