All Forum Posts by: Stephen Berry

When I bought my last house in '17 (which I am in the process of selling) I asked the RE attorney about this specifically because I've been hearing the ads on Sirius for "Home title lock". He told me that I should wish for something like that to happen since I paid for title insurance up to 1M as part of the closing.

The ads for home title lock claim that anyone can file a quick claim deed and take out equity loans on the property. Clearly the company selling title lock insurance are playing on these fears that your home can be stolen - but I wonder if this is a real fear for people that have title insurance. 

@Anson Young since this will be my first investment property, I wanted to keep it local. In the future my girlfriend and I are considering moving to SC or FL, but I haven’t spent any time investigating the markets in those states yet. 

Thanks for the reply!

Just starting my journey in real estate, I’m doing a lot of reading, using the tools to evaluate properties. I believe my focus is going to be on multi family buy and hold and at the moment I’m hoarding cash. The New Hampshire market doesn’t seem to have much to choose from and those that I have analyzed show little if any cash flow. I’m also worried that once the stimulus checks stop and the rent forgiveness ends vacancy rates will rise making slim profits disappear. 

Advice, contacts recommendations all welcome!

Hello fellow BP'ers, I have a strategic question on selling my current home myself instead of going through a RE agent. Has anyone done this, and if so what can I expect for challenges by doing this? The goal is to use the equity from the sale to purchase a multi-family and house-hack for a short time until my girlfriend and I are in a position to get married and move in together.

I expect that there will not be a suitable multi-family for purchase for quite some time, and I really think this is probably not a good time to buy, so short term I expect I will need to rent while I look for the right cash flowing property.

FSBO seems like a great way to keep that 5% that goes to the RE agents, but I'm concerned that this could get me into trouble since I have no idea what I don't know by doing this.

Thoughts?

Steve