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  • One way to find out!

    That is not much money to try it. You don’t have to pay the back taxes or even record it before you make sure you can sell it for more.

    Does it have access?

    Neighbors?

    Maybe it has some other use like a nursery lot or contractors lot used to store stuff.

    Maybe the junk co wants it to store extra trash cans. You never know…[Read more]

  • Luke Smith replied to the topic in the forum LandInvestors.com 4 years ago

    @steve67
    Looking at the TotalLegal. Nice find. I think I am in a weird state. CA is not on their list. Grant Deeds are used here so I guess they don’t cover everything.

    Have been finding myself on USLegalForms.com

    They have the same kind of service. You can buy forms one at a time. You can answer questions to fill them out or do it yourself. I…[Read more]

  • Trying to speed things up. I’m still hesitant to send out another mailer as I feel I have a lot of money already locked up in land deals. A bunch are sold (see here). But actually getting the money in my account to be able to say I can pay you in two days or so is harder than it sounds.

    Think a lot of the “Sold” will end up going up for sale…[Read more]

  • Chris replied to the topic in the forum LandInvestors.com 4 years ago

    @steve67

    Yes it worked out to $210 for the closing fee, $100 title insurance, $30 recording fees: $340. Or really $240 because I won’t always have to get title insurance, although at $100 it’s a great deal.

    Also the title company is a smaller local company. I would probably just give the specifics of your deal and shop around for…[Read more]

  • Chris replied to the topic in the forum LandInvestors.com 4 years ago

    @steve67

    Yes it worked out to $210 for the closing fee, $100 title insurance, $30 recording fees: $340. Or really $240 because I won’t always have to get title insurance, although at $100 it’s a great deal.

    Also the title company is a smaller local company. I would probably just give the specifics of your deal and shop around for quotes.

  • @luketsmith Brilliant! This solves the speed of acquisition problem and you won’t have any shortage of cash to buy deals.

  • Luke Smith replied to the topic in the forum LandInvestors.com 4 years ago

    Guys I like where you are going with this. I want that too!

    Went out and enlisted (not hired, too old fashioned like saying enslaved in my point of view) a lady that I used to work with in the brokerage business. She is really good at titles for things like opening accounts and transferring assets around. She trained me to title stock…[Read more]

  • @astewartconst
    @diego79

    This is an incestuous deal as I am on both sides of the table for this one.

    The deal is basically I get my cost to the penny back out in day one. Then the buyer gets a priority return of their cost back and a little. Then the payments revert to an investment pool that I manage and the buyer gets a larger part of the…[Read more]

  • NY Steve replied to the topic in the forum LandInvestors.com 4 years ago

    @diego79

    Thanks for the feedback, Chris. That’s a better deal than I would have expected. I’m going to hit the phones and check around more. When I ran a similar sized deal by a larger title company in my target state, the cost was substantially more. Can I ask where that was (which state)?

  • Chris replied to the topic in the forum LandInvestors.com 4 years ago

    @steve67

    Have you thought about building a relationship with a smaller title company? They could easily do many of those requirements.

    I see your requirements in two categories:

    1)Title/Deed/Legal/Document related which are all things title companies do

    2)Signing via your limited power of attorney

    1. Pulls prior deed info to confirm owner and…[Read more]