Hi all! I was wondering if anyone had any referal suggestions for wholesaler-friendly title companies in the south/southwest suburbs of Chicago, or anywhere around that area? Thanks for any ideas you guys may have. :cool:
Hi all! I was wondering if anyone had any referal suggestions for wholesaler-friendly title companies in the south/southwest suburbs of Chicago, or anywhere around that area? Thanks for any ideas you guys may have. :cool:
No dice, huh? I would never ask anyone for the name of their realtor, but I would think that sharing a title company wouldn't impede a person's business in any way. Anyone? :)
Joseph,
I'm not in Chicago so I obviously can't refer a specific company.
What I did was called the title company's in my area and told them what I am doing. While none of them we're familiar with a Wholesale transaction, once explained I found one company that was all for it and the rest that thought I was a nut job. I basically just told them that I would be bringing buyers and sellers together and that I would not have any of my own funds (other then earnest $) in the deal.
I know this won't compare to a solid reference but I hope it helps.
It sure does jeff. Without the credibility of a bunch of deals under my belt, I would feel like a nut job telling these people how they will be handling my transactions :) What I need to do is to stop being a chicken and just make some calls. :)
You can try Chicago Title, they have several offices.
"What I need to do is to stop being a chicken and just make some calls. :)"
Joseph,
You got it. Fear of rejection holds lots of people back. If your uncomfortable making calls you can always start with FSBO's that may or may not be a deal for you. Not to be an advocate for wasting peoples time but you will be talking Real Estate with a seller and get some practice. Also, if the price is too high just tell them at the end of the call that it won't work for you, that way you don't lead them on.
One thing that helped me was running my own business and doing outside sales. In an outside sales role your forced to get out and hustle, the end result is usually a little bit of success and LOTS of getting the door slammed in your face. Not telling you to go look for a sales job in this market, that would be a waste of time and defer your success as a Real Estate Investor. Instead, you can get out and hustle and interact with as many people as possible. Instead of writing down an address, get out of the car and knock on the door, if nobody is home talk with the neighbors. If you are out and talking with sellers everyday, before you know it you'll be comfortable and it will be second nature.
I'm from Chicago and I use First American Title for any wholesale deals I do.
Kyle, thanks so much for the solid referal. I'll call them on monday!