11. USING LAWYERS, TITLE, AND ESCROW COMPANIES

What Title Insurance Companies Do

Fee Simple Ttitle vs Carved-Out Interests

Mineral, Water, Air Rights and Easements

Life Estates, Estates for Term, and Remainder Estates

Joint Tenancies vs Tenancies in Common

Leaseholds and Options

What Escrow Companies Do

Estoppel Letters

Releases for Liens, Leases, Liability

Satisfactions

Assignments

Waivers

No Lien Affidavits

Warranties

Bills of Sale

This is part 2 of 2

The last few Blogs looked at the trials and tribulations of Brokerage and ways to escape it. In my own trek I progressed from trying to attract investors to becoming one. One thing about the Brokerage experience that is hard to beat is that it brings you into contact with myriad types of people and property and gives you insights that are very valuable when you become an investor.

Did you notice in my last Blog that somewhere along the line I stopped being a real estate agent and started being a principal? As an agent, I’d have had a fiduciary with the homeowner to get the best price and terms. As a principal, I had no such fiduciary and was able to use any skills I might have had to get the lowest price and terms. My fiduciary with the buyer was to deliver the house at my contracted price, which earning $30,000 made me quite happy to do. But when the buyer turned the house down, I could buy it myself and do with it what I wanted.