Blog Archives

Who Is Supposed To Pay For Title In A Real Estate Closing?

I get this question all the time especially when Realtors® and investors tell Students what “has to be” to close the deal.  In our state we have three choices for who pays for the title policy and associated work involved to issue the title policy.  This has nothing to do with clear and marketable title

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Simply Solving a Problem Beats Out Higher Cash Buyers

The property that my Student acquired was being fought over by at least a dozen other investors at the same time he got the deal.  This is a case of giving the seller what he wanted with the result the price the seller received didn’t matter to him.  I tell Students that investors are problem

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What if You Don’t Check an Assignability Option?

Real Estate Contract Assignment – I try to tell anyone who will listen… I guess I have explained for 15 years to anyone who would listen about the assignability of a contract. My statement has been very simple, “If a contract does not specify it is not assignable, it is assignable.” I have claimed that

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It’s Amazing What Closing Attorneys Don’t Know

Real Estate Closing Attorneys – Don’t Assume all are the Same I got a call for transactional funding and the investor asked what I needed. I explained that I had to talk to the closing agent and then see the closing HUDs. The investor sent me the information for the closing attorney as I requested

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Why Are Heavy Rains Good For Real Estate Investors?

Real Estate Rehabbing – What Heavy Rains Can Reveal in a Deal Heavy rains are good for investors but not because of growing landscaping. Landscaping is the first thing that potential buyers see of a property so it is important. However, landscaping can be made greener by simply adding water from a hose. More importantly

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How Do You Handle Code-Enforcement Bullies?

Liens and Code Violations – How to Handle Them After a recent club meeting I was grabbing a late dinner and met up with a friend who is in charge of purchasing for a national hedge fund. He is meticulous and successful at what he does and he follows strict purchase criteria of price range,

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What Is Reverse Home Staging in Real Estate?

Reverse Home Staging, What It Is and Why You Don’t Want to be a Part of It Staging in real estate is where a seller does a temporary beautification of a property.  The furnishings are usually rented or supplied by the listing agent with the intent of selling the home more quickly.  The listing agent may

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How do You Comp Rental Properties in 5 Seconds or Less?

Investment Property Cap Rate, What You Need to Know Many investors have a problem with determining what offer price to make for mufti-family properties. I am not talking about a single family home (SFH) being rented but pure rental income properties. Hedge funds have been buying SFH’s like crazy not because the yields are great,

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Why Can’t I Get My Earnest Money Deposit Refund?

Earnest Money Deposit Refund, Who is Pocketing It? When a buyer cancels because he is tired of waiting to get the deal closed, is that a legitimate reason not to close? Look at your contract because that’s what will govern his losing his EMD or walking away simply because of buyer’s remorse and not forfeiting

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Grasping the Concept of Wholesaling Real Estate

Where do you begin to learn wholesaling real estate? One of the issues that has often kept newbie investors from getting started is understanding the concept of wholesaling. While the definition may be simple, “Buy a property at one price and sell it higher”, the bigger concern is how this can be done without having

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