I explain to the seller that the $10 is simply a customary amount noted on all Deeds in the county which can be verified if they were to call the county recorder or a local Title Company. Your Deed simply created from a legal template. And also there are a lot of buyers out there that feel that it’s no ones business to know what they paid for a…[Read more]

Great tutorial Neil. Thanks for sharing!

It’s best to run with an “abundance mentality” vs. one of scarcity. There’s more than plenty for everyone. And a sellers circumstances will change with time. Another quote I really like is “success leaves clues” such as where others succeed…there’s a proven market and established comps to boot.

I agree with Milan….so here’s a valuable…[Read more]

I’ve taken back a couple of properties after sending a formal notice of default via certified letter with 30 days to “cure” the balance due. If the past due isn’t paid, I simply re-market the property which is super easy to do since I already have all the prior marketing materials, data, photos, maps, etc. Any remaining balance is definitely not…[Read more]

I agree with Christian. I would add all the details, otherwise potential buyers will be soaking up your precious time. And as a side note, I really love Zillow’s latest “phone verification system”….for those of you who know what I’am talking about. 🙂

Justin Sliva
– Plumb Investment Group, http://www.facebook.com/pluminvestmentgroup
– justin@plumbinvestmentgroup.com

Find a small “Mom & Pop” Title Company, local to the property you are closing on. A good source to find one is “Source of Title’s” website. http://www.sourceoftitle.com/default.aspx.

Good luck!

I’ve also purchased from other “non-profit organizations” who often receive donated or willed properties all the time and get stuck paying the taxes. They are also much more willing and patient to do a Purchase Option Agreement.

Regarding the question about “registering my LLC in State A but buying in State B, does my State A registered LLC protect me in State B?” The answer I’ve received before is that you are only protected in the state which you registered the LLC, otherwise the other states consider your LLC as a non-registered “Foreign Entity” and any suits will…[Read more]

A couple ways to do it (above) depending on the property value. And if you close with a title company I let them prorate it unless I’ve told the buyer otherwise.

Simply tell the buyer they will be responsible for the upcoming HOA dues and tax bill, even if some is owed and that information will be coming to them when the property transfers. Be fully transparent on what they are. Let them know they are getting a really sweet deal which far more than covers such fees vs. if they were to pay retail for your property.

There is a Podcast search icon (magnifying glass) at the top of the LA Podcast site where you can search on keywords. Really handy!

https://landacademy.com/category/podcasts/

Rod, here is a link to a LA Podcast titled: “Setup a Release or Take Down Multi Unit Deals (CFFL 332)”,

Setup a Release or Take Down Multi Unit Deals (CFFL 332)

Good luck!!

First of all keep ALL your personal contact information separate from your business. Get a mailbox number from your closest and convenient mailbox provider where you live. That provider has to be extremely stable and will most likely be around for many years in the future because your incoming mail from mailers will continue to come in for many…[Read more]

To create a GE Polygon, select “Add” on the Toolbar (or select the polygon looking icon just below the toolbar and to the right). A “New Polygon” panel will pop-up. Then name your property/polygon in the “Name:” field. Select the “Style, Color” Tab. Under “Lines”, select the white box next to the word “Color” where you can pick the outside…[Read more]

I’ve seen the same thing in several counties where you take a look at the number of vacant parcels in an APN series in TitlePro for example and then do a RQ search for that same APN series and you get a much lesser return. I know that in some counties much of the data isn’t available to RQ since not everything has been digitized. And it can take…[Read more]

Katrina, the simple answers are 1) No you don’t record Land Contracts with the county, at least in the western US. Or even Option Contracts if your into those. There may be some crazy eastern states or counties that require otherwise, at least I’m not aware of any. But typically no you don’t need and especially want to record or make…[Read more]

Actually Seths adds some missing links to streamlined success and is cheaper to implement.