BiggerPockets

Hi Guys,

First time posting here, some quick background info for all of you.

I have been a real estate agent since Sept. of 2006 and have decided to venture into wholesaling, build up some cash reserves, then wholesale and rehab combined. I am actively building a buyers list (2 buyers so far), my bandit sign order is about 3 weeks out (probably go with dirtcheapsigns.com, or banditsigns.com).

What I'm trying to do is structure a "full service" wholesaling biz.
So, I'm trying to find investor friendly title companies (double close, assignments) here in Connecticut, or that do business in Connecticut. Also, would like to find a few investor friendly real estate closing atty's. Anyone know of any?

The companies and atty's I've worked with in the past act like they never heard of what I'm talking about or flat out say no and conversation over. Yes, I will be joining my local REIA to network with other investors but that will be a few weeks away.

What I don't want to happen is to get a deal together and it falls apart because I don't have my sh*t together.

Any help would be appreciated,

Fab,

I do exactly what you're describing. I've been in business for years and I still regularly encounter title companies, attorneys, accountants, and realtors that either don't understand what I do or those that do say it's illegal. Don't let that discourage you.

What I would recommend is to call the more established investors in your area and let them know that you've got some deals in the pipeline and that you would like to send some deals their way. If they are good investors (and also good people - that's all this is, really, is a people business) they should be willing to discuss their business with you. Gather as much info from them as possible, including what they look for, profit margins, type of houses, etc. Also, ask them what title company and attorney they use. Any investor that you will want to sell to shouldn't have to hide any of this info from you. Transparency is key - if they say they'd rather not discuss it or "I use several different companies", move on to the next investor. They most likely haven't done many deals anyway.

I would also recommend calling every investor listed on Google in your area. You should know who your competition is, what they do, and how they do it. If you're creative, you should see them not as competition, but as potential buyers for your deals. You might even get lucky and find great cash buyers this way!

I'm in Wallingford, Ct.

Monday, Feb 15th the local REIA will hold a meeting in Cromwell, Ct

Here is a link:
http://www.ctreia.com/index.php

Click on the link, and then click on: Investors Corner, and then click on:
Service Directory, and then click on:
Attorneys.

If you would like to chat with me, my email address is posted.

Take care,
Raymond

Thanks for posting info Raymond.

You can also join the group http://www.biggerpockets.com/groups/226 . I post upcoming events that may help you find the right person in Connecticut. I also post the meeting on the biggerpockets Events section. Good luck.

Quick Update:

Buyers list has grown to about 8.

Bandit Signs will be arriving in the middle of next week....will be adding yellow letters to the marketing plan and using these two cost effective strategies exclusively in the beginning.

Have made contact with Hard Money Lender.

Have also been following Ron Legrand's Methods.....i like his no-nonsense style....and it doesn't hurt that most of todays gurus got started with his teachings.

Fab,

Sounds like you found a good attorney. (There's an oxymoron if I've ever heard one... no offense to any attorneys on here. :)

Property taxes shoud be prorated through the day of closing. I always have my sellers cancel their sewer and water accounts after closing. The buyer should open their own accounts.

It's up to you whether or not you feel the need to record your contract with the Real Property Records department. The reason to do it is to protect you, not only on your "sale" but also on the "buy" side. I've had sellers decide not to sell right up until the day of closing. By having the contract recorded, at least you'll protect your interests if this should happen to you.

In contrast, having your buyer sign a non-compete agreement will do nothing to protect your interests if the seller backs out of the deal.

Personally, I'd just record your contracts. If a buyer screws you over and tries to back-door you, sell the deal to someone else.

I live in CT as well and was wondering if its best to use a Title Company or Attorney or does it not matter?

Thanks for the info William. I wasnt aware of that.. I see that you are in CT and im not sure if you do wholesaling or not but would you be able to recommend a competent and knowledgeable closing attorney??

Raymond thanks so much man. Im in the Hartford area which is only about 15-20 minutes from Wallingford. Ill look up a number for him or try and pay him a visit on a day im free. I really appreciate it.