
6 September 2024 | 8 replies
I’m also putting together my “dream” team and interviewing attorneys, title companies, lenders, real estate brokers, contractors and magicians so I’ll be fully prepared when the 100 postcards I send out to randomly selected people results in the 14 offers to sell their notes that represents the average 14% response rate to junk mailings.

5 September 2024 | 8 replies
Other than a website at $150 a title search pop, what can I do to make sure I don't buy a tax sale where I'm shelling out money to pay for unforeseen lien?

5 September 2024 | 0 replies
As a newcomer to real estate investing, I'm unsure which documents, such as the title or appraisal, need updating to reflect the addition of a bathroom.

7 September 2024 | 11 replies
Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.

6 September 2024 | 7 replies
Then request a prelim from from title and you’ll have most of the financial info needed good luck

6 September 2024 | 6 replies
This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

5 September 2024 | 0 replies
My attorney's drafted the mortgage and note and we sent it to our favorite title broker at Fidelity National Title for closing.

2 September 2024 | 2 replies
From my understanding, I will need to have the complete the title and municipal lien searches, correct my title to reflect me as a single owner based on rights of survivorship acquisition and complete all other seller side obligations a title company would handle.

7 September 2024 | 19 replies
I mean when you put illegal as part of the title…

6 September 2024 | 8 replies
@Jackson Grantham Investors with partners often transfer the property title to the LLC after securing financing in their personal names, though they should check for a "due-on-sale" clause.