All Forum Posts by: Joe Bourguignon

@Caleb Heimsoth, thanks!  I didn't think that I'd be handing a check over, but now what you say makes sense.  They sign the contract with the title company listed, and then once you close, they pick up a check or get a wire from the title company.  

So, at what point do you wire money into escrow with the title company?  Right before closing?  I'm assuming after all inspections, etc have been done... Thanks for helping me figure out the last little things...

Brian, I'm just wondering how you guestimate rehab costs sight unseen?  That's something that I haven't figured out yet...  OR, do you just offer so low that it doesn't matter, and you have the inspection contingency to back in, just in case?  Thanks! 

Hey all! I'm starting my first direct mail campaign in a remote market.  I've got property management and rehab lined up, and now I'm looking for a way to remotely sign contracts.  I have an agent who is willing to (once the negotiations are done) go to the seller's home and have them sign the contract, but how do I get them the money at that point?

I also know about RightSignature, but same issue;  how do you remotely pay the seller?  Won't they want the check in their hand at contract signing?  

Should I just have my CPA issue a check and mail it to that agent who is attending the closing?  

Thanks for any clues about how people do this part of the deal.  :)

@Account Closed, is there any reason you won't share the address?  You've already bought the building, so there's no "risk" in posting it here...  Without that, it really seems like your claims are BS.  I wish you the best of luck, no matter what your situation is.

Christal, two questions...  Why is it helpful if you can pull up the deed?  Also, are you willing to share the template you use?  I'm curious about wording because I'm new to DM and any/all input helps!  Thanks!

Sorry, forgot to tag @Account Closed in my post above!

I think what Michael is referring to is here: https://fwprodweb1.firstam.com/fastweb/fwlogin.asp

Hope this helps!  I just applied for a login myself.  Thanks for the advice, Michael!

@Daniel Hamilton-Lowe, who did you end up going with?  Do you like the company you're using?  Thanks!  :)

Thanks @Bill Exeter!  I believe I understand this now.  Cheers!

@Dave Foster, thanks for the concise explanation!  I think I get it now.  ;)   I'll definitely bounce more 1031 questions your way when I have them...