Title Insurance Binder – What is it?

Title Insurance Binder – What is it?
Not knowing what a title insurance binder is cost me a lot of money early on. When buying a property escrow companies work with title insurance companies, to ensure that the house your buying doesn’t have any liens on it and if it does that they are paid off by the existing...
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And finally House #4 is SOLD!

And finally House #4 is SOLD!
Just a quick post so I can finish catching up.  I am so happy to report that as of Sept 1, 09 we sold House #4.  We bought this house way back in October and it was an ambition project.  The previous owners had converted it to a duplex illegally and city code enforcement officers...
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House #13 – Sold!!

House #13 – Sold!!
House #13 - Kitchen I am way behind on home sales posts.  13 is supposed to be an unlucky number, but this was a good one for us. We bought the property at the end of April, and sold it 131 days later for 2.5x what we bought it for.  It was listed for 4 days and we got 11 offers...
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Make that Phone Ring

Make that Phone Ring
As we grow our operation we are constantly re-focusing our efforts on what is most important in this business.    The focus is make your phone ring in all aspects of this business.  Build relationships with asset managers, real estate agents, wholesalers, buyers and motivated sellers....
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California Real Estate Auctions – Sell Properties at a Premium?

California Real Estate Auctions – Sell Properties at a Premium?
In July I was at a 3-day Real Estate seminar and one of the presenters was a California Real Estate Auction team.  When I saw them on the agenda I figured that they came to help banks liquidate mass inventory at great deals for investors. This particular company had the opposite...
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FHA Loan to Close Within 30-Days?

FHA Loan to Close Within 30-Days?
I am constantly whining about FHA loans and the approval process.  My posts on “FHA 90-Day Rule … A Major Pain” and “FHA 90-Day Rule – Revisited“  outline my frustrations with the process. But now, I finally have something good to say about the...
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Working with Random Appraisals

Working with Random Appraisals
If you have been following the blog, you probably know that right now our biggest problem is not finding a willing buyer, but getting a bank that is willing to fund the loan.  The rules have changed and appraisers now are our biggest challenge. Most of our properties sell to FHA...
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Pulling the Best Comparables (Realist Tax)

Pulling the Best Comparables (Realist Tax)
A long time ago I spoke about how I used a very small part of Zillow to help with my price analysis.  They changed their site, to no longer allow quick sorting on their “Search Nearby Sales” which basically makes the tool a lot less useful for me.  But even before that...
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The FHA Review Appraisal

The FHA Review Appraisal
If you have read my post “FHA 90 Day Flip Rule … A Major Pain” or the latest “FHA 90 Day Rule – Revisited” you will know that you cannot sell a house until the 91 first day of ownership.  So the thought is, if you wait the 90 days and put the property...
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House #5 – Closed Escrow Jul 30

House #5 – Closed Escrow Jul 30
House #5 has been in escrow since mid-April and the buyer was struggelling to qualify for financing.  Just as we where getting ready to throw the buyer out of escrow, they emailed us and said they are approved to draw loan docs!!  This was great news, but where not that confident...
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