Real Estate Investing the Street Smart Way with Lou Brown
Real Estate Investment Training - Real Estate Investors
How To Get A Reissue Fee On The Property's Title Insurance - Street Smart Cash Flow Accelerator #39
Lou Brown
May 26 2019
How To Get A Reissue Fee On The Property's Title Insurance - Street Smart Cash Flow Accelerator #39
This is going to be focused on areas that affect your bottom line with a thing called a closing statement. Sometimes you go to a closing and all of a sudden you're surprised by some of the costs that are on there. Well, it's because you didn't manage those costs. My suggestion for you on this tip is ask if you can get a reissue fee on the title insurance. This is when your closing agent writes for the same firm that issued the prior title insurance. In other words, that seller, when they purchased the property, likely also purchased a what's called an owner's title policy.
That owner's title policy has value. If you can update that, let's say that the seller bought the property five years ago, then the title company would only need to pick up where the other policy left off. You see a title insurance policy essentially is the day of purchase, but not going forward in terms of anything that might have happened to title after you purchased the property. So when you purchase the property now, let's say it's five years after your seller bought the property, well, they can go back just five years and look to see if anything has been attached or any liens have attached to that property since the last time they checked the title. That can bring a savings to you and to your bottom line.
Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan
* How to have a buyer or renter before you even buy property
* How to have them already pay you money before you sold them anything
These are exactly the kinds of deals he does day in and day out. Most 'investors' are getting it wrong. It's not about the property, it's about the buyer. Buying right and buying cheap is what you'll do after you have the buyer.
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Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, "Lou" draws from a wide and varied background as a real estate investor having been buying property since 1976.
He's invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He's widely known as a creative financing genius with his deal structuring concepts.
Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world's largest real estate investor group.
He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.
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About Lou Brown
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