MAREI Workshop: Real World Real Estate Transactions

[Kim Tucker]

Saturday, August 19th @9:00 AM – Johnson County Community College

MAREI Workshop:
Real World Transactions

Learn How the Title Company Plays a Vital Role in Your Investing Business by helping you Uncover and Solve Problems.

Special Pricing through August 9th MAREI Members $39, Non-Members $69 Add a Guest for $20  Register Now! Regular Price $79 for Members and $109 for Non-Members

Have you ever heard that in real estate you make your money when you buy the property?

You make your money by finding motivated sellers who need to sell their property but have problems that they are not quite equipped to solve. Often-times those problems are related to the fix up of the home. Other times those issues revolve around the title of the property or issues that revolve around the sellers themselves.

We are inviting in several local real estate professionals to help walk you through some typical motivated seller transactions so that the next time they come up you are prepared to do the deal and know where to go.

We have a lot of topics to cover in a very short period of time, but all are vital topics so that you are prepared when they happen.

Topics we plan to explore:

• What exactly is it does the Title Company do and how can they help you in your business, it's more than just title insurance and closing statements.
• There are some variances between buying a house in Kansas vs Missouri, and what you need to know before your first closing.
• It’s important to note how to take the title if you are an individual, two partners or a corporate entity, come find out which is best for you.
• The form of deed to the property you receive is often dictated by who the seller is. Find out what deed is the most common, what kind of deed you want and where the Quit Claim fits in all of this.
• Some of the best deals come from deceased sellers. Knowing how the heirs can go about selling you the property is vital when talking to motivated sellers.
• If the home must go through probate, do you know the basic probate process so you can point your seller’s in the right direction?
• Often Investors will assign their position in a contract and never take the title, learn what that process looks like when you close.
• What is a Double Closing and why do most title companies refuse to do them in 2017 and how can you still do the deal when you have no money.
• Some sellers have great mortgages in place that you want to take over subject to, find out how a typical transaction would look in this situation.
• If you are buying houses at a tax sale or at a foreclosure auction, learn the title issues you need to be prepared to deal with after you buy the house.
• What if your sellers are in Divorce or Bankruptcy, find out what issues come up at closing that you need to be prepared to work through.
• Lastly, do you know what happens when the Title Insurance actually has to kick in and pay out? Find out what happens when the deal goes south.

This all-day workshop is being taught by local real estate investors, title company staff and possibly an attorney or two. If you are investing in the most profitable deals, one of these issues is likely to come up sooner rather than later and quite possibly several of them on one transaction. Your title company is prepared to help you work through most of these issues, but sometimes you might need to step in to help facilitate a solution.

This workshop is designed to be taken with the two other training events MAREI is offering in August. Start with our On Demand Webinar to find out how to take a sale transaction from Contract to Close. Then join us August 8th at the MAREI Meeting to learn the Most Common Title Problems Investors Face. And for those that are working on the most profitable deals by solving problems, join us at this workshop on the 19th to dig deeper into how the title company can help you put a transaction together, uncover problems and solve them.