OfflineHello, My name is Kyle and I have been exploring how to assign a contract to an investor. I wanted to get some info from people with experience.
I have found several houses in which are vacant. I need to know how to find out who the owner is and how to contact them.
Do I need an attorney to get the contract legalized and into a title company?
I am still unsure of the whole process. I would be very grateful for any help I can get.
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Kyle,
That’s great that you have found properties.
The 1st thing to ask is; do I have a buyer for these properties? If you do then it’s time to get info on the property, if you don’t you need to get buyers.
You can find out who the owner of the property is by going to the county records. Make sure you have the complete address of the property. There you will be able to get the owner information. Another good resource would be a realtor. They can assist you with finding out who the property owner is. Keep in mind, if the property is bank owned you will not be able to assign this contract. You will need to double close.
Closings are done by either real estate attorneys or title companies, depending on where you are located. That is another question a realtor would be able to answer for you.
Remember that you need to run your numbers before submitting an offer on any property.
Good luck!
Thank you for your response. I found out the buyers name but am now having trouble locating contact information. Do you think a paid skip trace site would be a good idea? They are not on white pages. If you think that is a good idea do you have any recommendations on a specific site? Thanks again.
I have never done that I myself am about to look for owners for vacant houses too but I may well pay to do that I know others have said they can find people using Google & I think the white pages sometimes or the county courthouse/assessor websites too(this would be just their address though).
I am closing on my 1st deal today! I think actually $1,500 to me! Ecstatic! Keep at it & you will get deals congrats on taking action you are doing what 95% of others dont do so way to go.
PS Also you dont need an attorney to do the assignment you can just download the assignment contract here on forms/docs & do check w/a real estate attorney and add them to your team too btw & ask them to be safe about assignments but they are legal everywhere I think it's just that some title/escrow co's cant do them it's illegal for them to do them because they dont have an attorney on staff.
Quitting is forever pain is temporary
I have actually even found owners on FaceBook. Sounds odd but it worked. Just send them a PM and tell them you are trying to find owners of a property in (city)(state). Is that you?
It is cheaper than skip trace.
Good luck!
Karen
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Hi D.G. friends...I am new to all this and although i have not done my first deal yet i surely and hopefully plan to, and quickly. My first step is to finish studying 2 of his books, and i will be well informed and prepared. But i had a questions for everyone. I often read everyone's blogs and follow all comments posted at Deans site; however, my concern is that i notice that almost everyone that are part of the D.G. site, live outside of new york, where i hear of prices like 25,000, 30,000, 40,000, even 70,000, which is not bad at all. As you all may know, New York is very expensive to live, but there are areas that are more reasonable than others depending on the types of neighbors and so forth. My question is does anyone or has anyone heard of anyone making any types of deals, in Brooklyn N.Y. or any New York area, using Dean's no money down methods? I mean, i do have faith that his strategies work; however, the prices are pretty steep...I read a story from Dean's book "Your Town" about Jeremy who is from Brooklyn but did his deal in upstate N.Y. Now while this story is great and inspiring, i am more concern with deals within my area, in New York which prices ranges from 489,000 to 900,000...other areas are more reasonable about 329,000 to 450,000. In Queens N.Y., i see prices again, depending on area, 199,000 to 349,000, while still other areas such as Long island N.Y. i have seen properties from 199,000 to 250,000 depending on area within in borough.
So if anyone has any suggestion, or have done research or have known people who have had a good experience in my area please let me know. By the way, i will be going to the "investing event" dean will be having in Brooklny N.Y. in March.
Take care, everyone...I look forward to working, learning, and being friends.
My e-mail: is hr.realestateinvestor@****
H.Rod