All Forum Posts by: Ana Patrice

My agent told me that wholesalers won't agree to use my title company, even when I am paying for the title policy and all closing costs. Today, I find out that the wholesaler's title company hasn't even touched my purchase contract, and we opened title a week ago - no title policy, no survey, no elevation certificate. I'm livid, since we are supposed to close in 7 days. I've never had to wait more than 48 hours to have all of this at least ordered with my preferred company.

So, my question is: is it so impossible to use my own title company? and why?

I've already asked, and they will do assignment contracts and charge the discounted investor rates.

@Joe Funari Oh great tip! I didn't realize it would need to be drained to be inspected. 

Thanks I appreciate it!

Hi folks,

I'm about to purchase a country home with a septic system. I have no experience with this sort of plumbing, so looking for pro-tips. What do I need to know/look for when purchasing a home with a septic system? What kind of care and maintenance is required? Finally, are there any tenant nightmare scenarios I should know about and tips to avoid them?

Thank you so much!!!

Hi there,

Planning to try my hand at door knocking some NODs this week. I'm seeing a bunch of tips on what to say, when to knock, how to dress, etc. But my question is: what happens if you find someone willing to sell. Now what?

I know this sounds ridiculous, but I really don't know. If the house is pre-foreclosure, do I need to call their bank? Or do they? How would the purchase process go from there? I am a (new) Realtor... Would the purchase be just like any other or would it be considered a short sale? Any guidance would be very appreciated!

Admin. Please delete this discussion. No longer needed. Thanks!

@Michael Henry: Yes, I've just started looking to see what's out there. 6 months seems super fast. How would you recommend attaining this goal? I plan to contact some wholesalers to try to find better deals, because I'm not seeing a big enough spread on the MLS for properties closer to where I live.

@Shawn Ackerman I did read @Jorge Ruiz's post, but I must admit I don't think I understood it completely. Is there even a such thing as move-in ready AND at 70% ARV? If there aren't any repairs, than why would it be sold so far below value? Maybe short sale?? I'm sorry... I really am green, and just feel like there is so much I don't know.

Thanks so much!

Pm sent! Thank you!

Oh! Great tip! Thank you so much!

Thank you all! So, what I'm getting is that with my current finances, it would be best to go with hard mkney/private money. We did get approved for up to $125k financed through our hard money lender.

I do see the opportunity for a savvy investor to pick up some deals. But given the disastrous state of Houston right now...what would be the best method of approaching homeowners about selling? I have failed drastically at direct mailing in the past and don't know much about how else to market...