All Forum Posts by: Account Closed

 Or, actually go to the county courthouse and look up the physical record.  You will find out more than you ever wanted to know.

@Gary Aronov and for everybody in the Louisville and surrounding areas; FYI.

Tomorrow, Wednesday, August 10, KREIA will be hosting the Southern Indiana sub-chapter meeting at Tuckers on State Street in New Albany, IN.  It starts at 1130.

This Saturday  August 13, I'll be hosting a networking meeting at the Jeffersonville library, starting at 0930.

See https://www.biggerpockets.com/forums/521/topics/34... for details.

Thursday, August 18, Brett K is hosting a networking meeting concerning buying property at the courthouse steps.

https://www.biggerpockets.com/forums/521/topics/33...

Thursday, August 25, KREIA is hosting the monthly meeting (Show Me the Money!).

http://kreia.com/Events.aspx?ID=Show-Me-The-Money-... or 

https://www.meetup.com/Kreia-com/events/228487773/

Monday, August 29, Louisville Mortgage Notes is hosting an online meeting covering Borrower Management "Skip tracing 101".

https://www.meetup.com/Louisville-Mortgage-Notes/e...

Having said all of that, there is ALWAYS room in this marketplace for more networking opportunities.  It's a relationship business.  Bring it on!

 And a bad one costs money.  

Good agents are HARD to find.  The worst ones are the ones that have been in the business for a decade or more (or 2 or 3) that think they know everything.  Because they think they know everything, there's no training on their part (save the mandatory CEs).  There's sloppy work and haphazard practices.

I became a broker for three reasons.  The primary reason was the broker I used was horrible at her job.  She was interested only in the commission.  I knew, without at the time knowing anything about real estate, that I could do a MUCH better job than she could.  (It's a similar situation to the reason I got into computers twenty years ago).

There was never a hint of working hard / above and beyond from my broker.  There was never a feeling of her working for my best interests.  When there was communication, it was always solicited from my end (and, by the way, the communication is THE #1 trait needed for success.  It is a business based on relationships.  Period.  In that vein, the job is a lot easier than most people think it would be).

I've got something I can send you, but I'm not sure exactly what it is you're asking for here.

You want a Estimated Repair Cost that's NOT blank?

 I am a real estate broker in Indiana.  As far as I know, this is a "rule" in all states (from a licensing standpoint.  An agent or broker MUST submit the offer to the buyer or seller).

My recommendation if you make an offer and you think, for whatever reason, it has not been taken back to the owner that you call the broker, managing broker (whichever is applicable in your state), or the board.  

As a last resort, you can make a complaint to the state licensing agency.

 I think the letter of intent is only to express your intention of purchasing.

A notice of interest is a document filed at the county courthouse that clouds title.  When it goes to closing, it needs to be cleared before the consummation of the transaction.  (This may also be called a memorandum of contract (stronger...gets signed by both parties), depending on the state).  This has to be notarized, of course.

You have to have wording in your purchase agreement that the seller allows you to file this (a lot of the standard state forms have wording forbidding it.  You have to explicitly allow for it).  

Also, you MUST have a signed purchase agreement (otherwise, it is a felony to file this document).

File a "Notice of interest" in the future when you get a purchase agreement.  This will prevent this issue from being an issue.

This should also specifically be in your lease.  FYI.

Mine found me through some posts I had made in the Miracle Morning community on FB.

Mine is a paid group.  Free masterminds tend to not have the same efficacy.