Better Than Advil

Tuesday, December 1st, 2009 | Uncategorized

Hey, Josh here. I found a good one for you. Want to know one way to stop a deal from blowing up? Watch this.

Jeff Watson is trying to explain why title commitments are important, but he’s really just giving an example of a bigger principle that all real estate investors need to know if they want to make any money.

If you have been doing short sales for any length of time, by now you have figured out that the paperwork required by the bank and the title company is mostly just designed to cover their collective backside if anything goes wrong with your deal. Title commitments, disclosures, affidavits, insurance, waivers – it’s enough to give you a headache, especially if you don’t like paperwork in the first place.

At SREC, we can’t stress this enough. It can be a headache, but covering your own backside has to be a priority if you’re going to see the deal through to closing. Take the option contract, for example. As Jeff designed it, that document protects you from all kinds of things which could kill your deal. It protects you if people back out of the deal. It protects you against things which are out of your control. You’re covered in case something stupid happens. Use it!

You never know how much you need documents like that until something goes wrong and you’re stuck with a property that you can’t resell or a homeowner that thinks you screwed them. Did you ever run into anything like that?

One click here, and you can learn how to avoid a lot of headaches in this business. We have been working this business every day for many years, and we love to save deals from exploding! The Silver Membership is free, and the financial rewards of doing it right are just too sweet to pass up. You deserve this!

Take care,
Josh

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