If you wanted to learn how to prepare a deed, perform a title search, draft a
strong option contract, or understand how to fix a bad title, where would you
go? It's hard to answer, because, frankly, this information is tightly
controlled by title companies and lawyers. Go into any bookstore and try to find
this sort of highly protected information. You won't find it. Believe it or not,
it's tough to find even in most law libraries.
Title companies and lawyers consider this hidden knowledge a major profit
center, and they're not about to share it with you just because you're a nice
person. For one, lawyers don't have time. They are in one of the most high
pressured, time-driven industries. Spending hours explaining a process to you
isn't nearly as profitable as punching a few computer buttons - and out comes a
boilerplate document that they'll sell for $250. Title companies won't tell you
either, because it just doesn't make sense for them to give away trade secrets
that earn them many hundreds of dollars per customer!
Title companies and lawyers are good people just like any other group of
business people. In fact, they are a part of every investor's team. Always have
been, always will. I need lawyers and you need them - they are invaluable to
society. What I'm suggesting is that serious investors begin to take a new form
of control over their deals by having a strong understanding of the more
technical side of investing. Sound boring? Let me tell you why it's not.
Serious investors know that most outrageously underpriced deals are distressed
deals. There is some sort of tangled up mess involved. Either the property is
trashed, or the finances are trashed, often both: back taxes, judgments, liens,
questionable contracts, etc. Most deals, especially those private, sleeper
deals, have problems that need to be understood. If you, the aggressive
investor, are able to intelligently understand the paperwork, title search, and
closing procedures, you can craft deals that the conventional folks may not
understand. Colossal deals. High equity. Cash flow.
Let me give you a true example, a few years ago I found a foreclosure deal that
was excellent. The terms were pay the owner's back mortgage payments to
reinstate the mortgage and give the owner $55 to deed me the house (it was
trashed and nasty). Knowing the fundamentals of title searching I immediately
performed a title search. I wasn't happy about what I found. A $5000 lien along
with the defaulted mortgage. I did some further legal research and discovered
this type of lien was not to be feared. It was a particular type of lien that
almost never is pursued. Plus, I know the lien's statute of limitations. With
this and other knowledge I decided to take title anyway. Voila, a few years
later, the lien is gone!
Now friend, you must never, ever do this unless you know what you're doing.
Underline that twice in your brain. This is not an arena for dabblers. But, the
more you learn about the legal facets of these distress deals, the more money
you'll save in professional fees, and the more money you'll make by maneuvering
these rough but highly profitable waters. Also, remember, the bigger the stakes
in terms of total dollars involved, the more legal counsel you need.
Okay, back to why this information is hard to find. There isn't a huge market
for this type of specialized knowledge. This is for elite investors only.
Not one-time real estate buyers. This information makes
absolutely no sense at all for the occasional homeowner or buyer!
If you start hanging around real estate investment associations and clubs you
will eventually meet some elite investors. These are the guys who really know
their stuff about the inside world of distress property. And let me tell you,
these guys are tight lipped. They might throw you a few crumbs now and then, but
the real secrets of judgments, defaulted mortgages, title searching is off
limits to the uninitiated. They too want to keep this information to themselves.
Finally there's a book written by an investor for investors.
The Hidden Secrets of a Real Estate Technician by Bryan
Wittenmyer is the only text written in enough detail to get investors
started in taking more control of their deals and basic document preparation.
Keep in mind, this book should not be the end of your study. Laws and procedures
vary state by state. Laws also are subject to change. Therefore this book is the
first major step in your journey to becoming skilled in this craft. I will get
you kick started, buy you still need to seek legal counsel and title company
advice and insurance when appropriate.
Even if you never decided to handle deed preparation, title searching or
do-it-yourself closings, the manual is extremely valuable because it will help
you gain new insights and strategies for protecting yourself and knowing what's
really going on with a deal. After reading, you should be able to talk
intelligently with your attorney or title company.
I personally took several years and studied this material in order to increase
my investing prowess. It worked wonders for me. I think you can profit from it
also. I have saved many hundreds of dollars in legal fees just from learning how
to handle more of my document preparation without a lawyer.
This rare resource is available for the low price of only $59.95
Order on-line or call now and order at
610.670.9900 or
800.724.0724, or mail a check to: InfoLeverage,
PO Box 13246, Reading, PA 19612.
You can also print out order and fax it to us if they
prefer: Fax orders to: 610.718.9747. All orders via fax will receive email or
phone call back to confirm receiving it.FREE
BONUS: Purchase any book off our site and get Bundle Pack of real estate
reports, newsletters, and business briefs to help you make more money! Over
50-pages of unique real estate information--Free!
As always, a 90-day money-back return policy if after reading the entire work
you don't feel the information was profitable. |
