Investor Services
Investor Services
So, What is an “Investor Friendly” Title Company?
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This is a main player in your power team. Think about how much you depend on your agent when it comes to timeliness, profit, legalities, connections, trust, etc. I can’t stress how important it is to have a knowledgeable agent with which you build great rapport.
An investor friendly title company/ closing agent (or attorney in some states) should:
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Specialize in working with real estate investors to close transactions
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Have knowledge about wholesaling, double closing (simultaneous), hard money (transactional funding), and other types of transactions
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Commit to you willingly and be able to meet your demands
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Be someone you see yourself building rapport with naturally
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Have solid recommendations/reputation
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So, How Do I Find My “Investor Friendly” Title Company? (One thing you should not do is whip out yellow pages)
Find your investor-friendly agent by:
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Talking to other local investors, especially other active wholesalers for recommendations.
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Contact transactional lenders. They have many title companies in all 50 states that they can recommend for double closings
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Ask for a local referral in any of the wholesaling FB groups
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Reach out to your local REIA group. Information like this is often advertised in the news letter
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Network in real estate groups such as found on MeetUp.com
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So, I have Some Recommendations, What Now?
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Meet with these closing agents/escrow agent/ title or closing officer and have a casual interview. Shake their hand, get to know them, and just hang-out.
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Ask potential closing agents:
Do you work with real estate investors?
Are you familiar with wholesaling?
How often have you done double closes?
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So, How Do I Know When I Meet the Right Closing Agent?
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Oh, trust me, you will know when you find “The One.” He/she will have all the right answers to your questions and you will get that warm and fuzzy feeling inside. Real estate investing although it revolves around property – it is very much a people business.