Monday, June 17, 2013

This Week's Special Guest Speaker Will Be Yours Truly

Octavia Johnson was going to be the speaker for this week but she had a death in the family and we can't line someone up that quick.

Soooo…… I've been thinking about what to talk about as being the speaker is squarely in my lap. It is very important as a real estate investor to be able to do title searches. If you are buying property and putting offers in directly to the homeowner or through a Realtor you will be best off doing your own preliminary title search so you don't end up getting charged for one and finding out that there are so many title issues with the property that you can't purchase it.  If you can do your own search you will be relatively sure that you will or will not be able to  purchase the property so you won't end up with a surprise bill for a property that you are not going to be able to buy. And Yes, even on offers with a Realtor or a Wholesaler if they aren't doing them. It happened to me…

I decided this week would be a good week to teach everyone how to do a title search. I have many people who contact me asking how to do it so I'll teach everyone generally how to do one in one big swoop.  Due to lack of time for preparation and my inability to do so due to the last minute time frame and the fact that I have to work, there will be no real presentation materials, etc.  Just me and my mouth. The computers you use to do so are in the court house and you can't link to them through the internet without paying about $600 dollars. So I will just walk through it and give you the information you need to be able to do it on your own.

I am no expert at title searches. I have been taught by professional title search people from sitting in that government office next to them and asking questions on the property I am looking up. And I keep asking until they jokingly tell me they are going to have to start charging me.... Then I move to another seat and start asking someone else.

What I'm talking about is giving you the ability to do a decent search where you will feel reasonably good about whether or not you should buy it and continue with a professional title search which will cost you $.


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