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Hi Guys and Gals!
It’s been awhile since I posted a Reader Mail video, so I thought I would whip one up for the holiday weekend. This time around I explain how to avoid dealing with moronic title companies who have no clue what wholesaling is.
Check it out…
If you have questions about the video, leave them below in the comments and I’ll be happy to answer!
Alrighty then, that’s all I’ve got for now…
Happy Labor Day Weekend guys!
P.S.
When I was bedridden and all hopped up on pain pills a few weeks ago, I was surfing the net and came across this website where you can upload a picture of yourself and it will show you what you’ll look like in 20 years.
I was totally unprepared for the disturbing results I got when I uploaded my photo…
WTF?
I guess if I ever plan on settling down and getting hitched, I’d better hurry the hell up and do it before I turn into a Cavewoman/Neanderthal.
Or I could always relocate to The Planet Of The Apes, where I’m sure I’d be a hot commodity….
If you guys have a spare second, do me a favor and upload a picture of yourself here. I’d like to know if anyone else is going to look like an ape in 20 years, or if it’s just me.
P.P.S.
On that same site, you can also see what you’d look like in 20 years if you were a drug addict.
I was afraid to try that option.
UPDATE:
My curiosity got the best of me and I just found out what I’ll look like in 20 years if I don’t lay off the meth….
Awesome.
On September 04, 2010 at 9:59pm, Brooks said...
Freakin’A — http://www.in20years.com/photo?st=4&fid=1009056&fname=aged_wb20100904115806585284.png
.-= Brooks´s last blog ..Short Sales are Scams! =-.
On September 04, 2010 at 10:17pm, Stephani said...
What the hell?
So I guess it’s just me!
On September 04, 2010 at 10:18pm, Stephani said...
P.S.
What’s up with your eye in the 20 yr old picture?
On September 04, 2010 at 10:28pm, Brooks said...
Beats me — I’m looking more like one of the dead people on the Thriller video…
.-= Brooks´s last blog ..Short Sales are Scams! =-.
On September 04, 2010 at 10:47pm, Stephani said...
I’d rather look like a zombie than a caveman.
I think.
On September 05, 2010 at 1:41am, Tasha said...
Hey Step,
I wanted to comment on tonights reader mail. I tried calling some title companies here in Vegas and I went to yellowpages.com to get some numbers to some title companies and I was only into the 3rd title company when I found 3 of them that did assignments of contracts, or double closes, BUT, ONLY if it is disclosed and all parties know what is going on. Can you give me your insight on this, because what I got from one of your videos is that you don’t say anything about what you are doing, right?
On September 05, 2010 at 8:42am, Stephani said...
Hi Tasha,
When I do a simultaneous closing, my end end buyer has to sign a document at closing that states that they are aware that the property is being flipped. Other than that, I’m not required to disclose anything to the seller or anyone else about what I’m doing with the property.
I would ask around to some of the wholesalers in your city and see who they are using and if their title company has the same rules as the ones you spoke to.
On September 05, 2010 at 6:13am, Esi said...
http://www.in20years.com/photo?st=5&fid=1009054&fname=aged_wb20100905080646453146.png
Lol, I don’t look too bad, I was actually hoping I looked really bad, so i could have a good laugh. Good genes…what can I say? don’t be jealous girl, lol. Great tips by the way. I found my title companies through other wholesalers. One does assignments and double closing, but with transactional funding. The other does not do assignments, but will do double closing and I can fund my deals, with my buyer’s funds as long as my buyer is aware.
.-= Esi´s last blog ..Is this buyer on your list =-.
On September 05, 2010 at 8:44am, Stephani said...
Yours doesn’t look bad at all, Esi.
I guess I’m the only one who’s going to look like an ape in 20 years. Gives me something to look forward to…
Hope you’re enjoying your weekend!
On September 05, 2010 at 8:02am, AnotherSteph said...
Oh, Steph, you poor thing! Planet of the Apes – too funny! That picture is crazy. But you won’t look like that for real, that’s the good news! LOL!
Steph
.-= AnotherSteph´s last blog ..New Month- New Possibilities =-.
On September 06, 2010 at 6:51pm, Shae said...
Steph, we’re still waiting for you not to be so stealth! You should do a in20years on your house avatar! LOL!
.-= Shae´s last blog ..Mr No Monkey Offers Strikes Back =-.
On September 11, 2010 at 8:28am, AnotherSTeph said...
Thanks, Shae. I’ll be coming out of the woodwork at somepoint. Although using that website might not be the place to do it…some of those pics are scary! LOL!
.-= AnotherSTeph´s last blog ..New Month- New Possibilities =-.
On September 05, 2010 at 6:57pm, Bill Lassiter said...
Cool…I’ll still have my teeth and look relatively the same when I’m 71; according to this lol
http://i39.photobucket.com/albums/e173/blass2001/aged_wb20100905085204223536.gif
.-= Bill Lassiter´s last blog ..Making it happen =-.
On September 06, 2010 at 7:28am, Stephani said...
Wow, not bad Bill!
On September 05, 2010 at 8:15pm, Brooks said...
Bill, looking good. Esi, looking great! Why am I looking like death in 20 years?!? 46 is gonna come fast — gotta get this money while I still can!
.-= Brooks´s last blog ..Short Sales are Scams! =-.
On September 06, 2010 at 7:29am, Stephani said...
Brooks,
I don’t think yours looks too bad, really.
Well, minus that zombie eye thing you’ve got going on…
On September 06, 2010 at 12:38pm, Steve M. said...
Hi … Stephani.
It’s Steve M. From FL. Love the Reader Mail.:) Stephani your correct. You need to find a Investor friendly titile company that know there stuff. I’m happy to say that I have Been using the same Investor Friendly Title company in the Tampa Bay Area of florida for the past 5 years.
Stephani…!!! I beleive you use the Same Title Company as well. Here is a little PLUG for the Title Company ” Peer Title Inc. They are ‘Awesome” They’re Professional , Creative . & all there methods are legal & Ethical.
Keep The reader mail coming Stephani ‘ WE MISS YOU ”
Steve M. FL.
On September 06, 2010 at 1:01pm, Stephani said...
I second that Peer Title rocks!
Thanks for stopping by and commenting, Steve!
Enjoy the rest of your weekend.
On September 06, 2010 at 4:29pm, Perry said...
Hi,
I think your site is interesting and you’re providing good information through your read email! I came across your site late last night (or early this morning). I’m here in the metro DC area (Alexandria, VA). Are you reaching out beyond Tampa or your immediate area to do any JV partnering? If not, do you visualize yourself ever reaching out to other real estate markets offering to partner with those who want to do deals in their own area (for example: throughout the state of Virginia and in the metro DC area). Your response can be through your blog or to my email through my website. Thanks and I have learn plenty sbout transactional funding from your site and other sites just last evening! Thank you for your site!
On September 06, 2010 at 6:43pm, Stephani said...
Hi Perry,
Welcome to my blog.
I don’t have any plans of moving into other markets, but if you ever get any leads in Tampa I’d be happy to JV with you!
Thanks for stopping by!
Steph
On September 06, 2010 at 6:36pm, Shae said...
LOL! Wow…Steph I was thinking that you must’ve picked the “drug addict” option but you didn’t!!! LOL! That is hilarious! Here’s mine: http://www.in20years.com/photo?st=5&fid=1009074&fname=aged_wb20100906083326374217.png
Bill, you’re kinda looking like Forrest Whitaker!
.-= Shae´s last blog ..Mr No Monkey Offers Strikes Back =-.
On September 06, 2010 at 6:45pm, Stephani said...
You look pretty mich the same except that weird stuff around your mouth.
I’m gonna have to try the drug addict option to see how bad I look…
On September 06, 2010 at 6:36pm, Shae said...
LOL! I am STILL laughing….make it stop….
.-= Shae´s last blog ..Mr No Monkey Offers Strikes Back =-.
On September 06, 2010 at 6:49pm, Stephani said...
OMG!
Look at my drug addict picture…..
http://www.in20years.com/photo?st=5&fid=1009074&fname=aged_wb20100906084804465280.png
What the hell?
On September 06, 2010 at 6:53pm, Shae said...
I am ROLLIN! Why does it look like you got in a cat fight! LOL!
.-= Shae´s last blog ..Mr No Monkey Offers Strikes Back =-.
On September 06, 2010 at 7:05pm, Stephani said...
Seriously. WTF?
I look like a hagged out Cat Woman.
On September 07, 2010 at 5:44am, Greg Wilson said...
I’ve interviewed a few in Reno and settled on Western Title. The Senior Escrow Officer was actually trying to give me more ideas on how to structure my deals! It was great. Oh, and here’s my 20-year pic: http://www.in20years.com/photo?st=4&fid=1009074&fname=aged_wb20100907073523398158.png
On September 07, 2010 at 9:41am, Stephani said...
Glad to hear you found a good title company, Greg!
And your 20 yr picture isn’t too bad at all…
On September 08, 2010 at 6:55am, mobilehomegurl said...
Oh, wow! What a crazy website Steph – those ape looking pics are off the wall!
And, look at Esi’s – she pretty much looks the same, doesen’t look like she aged at all! (yay Esi!)
I’m not brave enough to do this. But, maybe after a couple margaritas!
(which I didn’t even get to having this weekend). My entire weekend was spent getting this crazy mobile home ready. And, the sellers (previous owners) even stopped by to check up on me. They were surprised I was in the home. They told me, “Hey, we cleaned it for you. Why are you here?” I was like, “Are you kidding? There’s so much dust in this home.” I guess what’’s considered clean to one person isn’t clean to another! Ok, now you know what a neat freak I can be! 
Thanks for the chuckle, this site really has some good entertainment value!!
On September 08, 2010 at 7:04am, Stephani said...
Oh, come on Rachel- you have to try it out!!
There’s no possible way it can turn out any scarier than mine did!
DO IT! DO IT! DO IT!
On September 08, 2010 at 8:26am, mobilehomegurl said...
Oh lol, Steph – you’re too crazy!
(But, in a good way!) I feel like I’m in school again, all this peer pressure. But, here it is just for you:
http://www.in20years.com/photo?st=4&fid=1009089&fname=aged_wb20100908102008756108.png
I hope these don’t get posted up, (yeah like on the “Best and Brightest” series!) – that would be too crazy!!!
Have a great day!
On September 08, 2010 at 8:29am, Stephani said...
Yaaaaaay!
Yours doesn’t look too bad, actually. Your eye looks a little bit
On September 08, 2010 at 8:31am, Stephani said...
Ooops.
Was going to say your eye looks a little bit messed up, but other than that- not too bad!
Thanks for playing along with my childish games! Hehe.
On September 08, 2010 at 8:41am, mobilehomegurl said...
Oh, thanks Steph! That’s kind of weird about my eye being that I have really good vision. Though, maybe that will change with time…eek! Oh, you know I’d only be this silly with you – somehow I think all these will be posted as some kind of practical joke. It’s been fun playing, you always make things fun!
On September 08, 2010 at 8:36am, Richard B Maselow, CPA said...
Getting old SUCKS!
http://www.in20years.com/photo?st=5&fid=1009087&fname=aged_wb20100908103355806852.png
On September 08, 2010 at 8:38am, Stephani said...
Yours isn’t bad either Richard!
Why am I the only person who looks like an ape?!!
On September 08, 2010 at 8:45am, Richard B Maselow, CPA said...
What??? You don’t look like an ape…you just look old. Hopefully within 10-20 years the Micro-programmable Biologists will find the chromosome that has the gene that ages us and we’ll be able to live for a few thousand years. Actually, I NEVER want to die!
On September 08, 2010 at 8:50am, Stephani said...
I was actually watching a show the other night about this girl who never ages. She’s in her teens now, and looks (and acts) like she’s about 4 years old. It was pretty interesting.
Here it is…
http://www.youtube.com/watch?v=GpVFWR7ay90
On September 08, 2010 at 9:02am, Richard B Maselow, CPA said...
WOW, that was interesting! She definitely has some genes that have not turned off & on like the rest of us aging humans. I go to CalTech lectures here in Pasadena all the time and Science will find out how to stop the aging process. Have a nice day
On September 08, 2010 at 9:03am, Stephani said...
You too.
On September 09, 2010 at 9:35am, Ken Dietrich said...
Would you be interested in mentoring me? I’m a single unemployed father in Charlottesville VA. I’m sure I have the skills to do this, I’m educated with a reasonable amount of common sense. I’ve been trying to find a real estate opportunity I can pursue w/o a RE License. I’ve been watching your videos and they are the basis for my interest and progress. What should I do first, line up REO’s w/ the bank, find buyers and wholesalers, or should I start somewhere else?
On September 10, 2010 at 2:05pm, Stephani said...
Hi Ken,
I’m going to be rolling out a coaching program in about a month. I’ll post details here on the blog once it’s up and running. In the mean time, if you have questions, you can always post them here or on my Facebook page and I’ll do my best to answer.
Regarding where to start- I would work on getting familiar with your market. Find some of the active buyers in your area and find out what they are looking for in a deal.
i’d also start going to some REIA meetings and networking with other wholesalers and investors. A good way to get your feet wet is to locate a few active wholesalers and ask if they have any deals that you can market for them. This is a great way to build your buyers list and become more familiar with your market.
On September 10, 2010 at 8:47am, Desmond said...
Hi Steph, I just finished going through your course and I am ready to to jump in the game. I put my name on a list to get listings for Reos and Short sales through a source I met at a Reia club. I live in NYC so the properties are all over the place. This is not directly from the bank, but seems he has access to the listings. Anyway, now it’s my time to act, it seems I’m frozen. I know speed is important and its been a few days since the listings came in, but you mention building buyers list first and since I have not done that as yet, should I even be looking at any of these properties.
PS, do you know of any investors/wholesalers in the NY/NJ area that i can introduce myself to? Thanks.
On September 10, 2010 at 2:14pm, Stephani said...
Hi Desmond,
You don’t necessarily have to have buyers lined up before you start making offers- it just makes it a little bit easier.
As I stated in the comment right above this one- a great way to get your feet wet is by marketing deals for other wholesalers. If you don’t know any, I’d get out there and start networking until you meet some. REIA meetings are a great place to start….
Also, be careful with those lists of properties for sale. I just had someone send me a list that was supposedly a bunch of REOs (like a bulk package), and it turned out that half of the houses on the list were ones that a good friend of mine already had under contract with the bank, and some of them had already closed.
Not trying to scare you, but just make sure you know what the deal is before you proceed.
On September 10, 2010 at 7:39pm, desmond said...
Hi Steph, I appreciate the prompt response. Lets assume its a valid list to work, what should be the next step to take in pursuing any of these properties to determine if any of them would be worthy of an offer ? ie…. do a drive by, look up comps etc. Just trying to see the logical action steps to take to run down a deal appropriately.
On September 11, 2010 at 8:13pm, Stephani said...
You’ll want to do everything you mentioned- go look at the houses, check comps, etc. Do your due diligence and then make your offer.
On September 10, 2010 at 9:46am, Perry said...
Desmond,
I saw your post. I’m here in the metro DC area (more like Alexandria, VA). I am curious about getting some of those leads for REOs and short sales properties that have been approved in around Fairfax County VA. Would very much appreciate if you can get me on that email distribution through the contact you made at your local REIA.
I’ll gladly share what I have for buyers (can provide actual address for them if that helps–no cost to you) in NYC. I use the following website to attract buyer leads by the way: http://www.pls24-real-estate-inv.com
[Break…Steph I hope I am not violating any rules on your blog. I am hoping to network and build my upstart business like Desmond described. Thank you Perry
I would gladly offer
On September 10, 2010 at 2:15pm, Stephani said...
No worries, Perry.
On September 10, 2010 at 10:46pm, Tasha said...
Hey Step,
Could you help me? I wanted to know what would you do if you were in my shoes, I drove the neigborhood and found over 50 distress properties that are with original owners, what would be the next step that you would take? Can you also give me the next few steps from beginning to end? Thank you so much! Oh and by the way, I really need to do your mentoring program and I will, can’t wait!
On September 11, 2010 at 8:21pm, Stephani said...
I would send them a postcard or letter telling them you are interested in buying their house.
You don’t say what your exit strategy is with this list, but If you’re looking to wholesale the properties, here’s an article that explains the steps…
http://www.biggerpockets.com/renewsblog/2010/02/11/wholesaling-real-estate-step-by-step/
Hope that helps!
On November 04, 2010 at 8:17pm, Lazette said...
Hello Steph,
First I want to say Thank you so much for your book, all your videos and blogs. You are truly an Angel in disguise and have helped me tremendously.
I have a question regarding Subject To, I know you stated that was one of your first deals. I know it has been awhile since you did it, It got good until I told the Title company that the seller was still assuming the loan, and she said IMPOSSIBLE!! She then told me I had to get an Assumption Agreement from the Lender. At this point I feel so discouraged about the deal and I don’t want to lose, maybe I can just take over the payments and do a Lease Option. It’s a very good loan. I would like to explain to you what happen a little more in detail. Please Help:\
Thank You,
Lazette
989-372-0376
On November 10, 2010 at 7:44am, Stephani said...
Hi Lazette,
I don’t have much experience when it comes to Sub2 deals (except for that one I did about 6 yrs ago), but I would start by finding an investor-friendly title company who is familiar with doing these type of deals. Most title companies are not going to have a clue what you’re talking about, so you need to start asking around to other investors for a referral.
Try going to a few of your local REIA meetings and asking some of the old pros who they would recommend to close deals like the one you’re working on.
Good luck, and let me know how it turns out…
Steph