OfflineI'm sure I learned this through the teachings from everyone on this site, though I told everyone I work with that I'm a genius! (I actually had to look up that word to see how to spell it!) Ha ha! So I went to my county courthouse website to look at the tax records to find investment property owners. I wrote down a few repeat names, and have met both of these people a few years ago. There was one woman who had 3 different company names that owned properties with the same P.O. box #. I found out my dentist is quite an investor with 4 family properties. Then it hit me. I could look up when these properties sold, then go back to the county website and enter the dates to find out when mortgages were recorded. It lists who the lender is and for how much. Now I know what lenders may be investor friendly, and I might not have to call 100 or so lenders to do a cash out refi with no seasoning! Ya hoo!!!!
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Posted on: Thu, 04/19/2012 - 03:19
That is a great tactic to use because you know you are dealing with real buyers. It also adds to your credibility with the buyers because it shows you are savvy enough to navigate the public records. It's like a family tree. Buyers lead to lenders and lenders lead to more buyers
Yes, I didn't realize how much information is actually available. I was on that website until 3am just looking up little tidbits of extremely good info. Watching Dean's live bit last night, I decided to get back to the county records. I know of one owner in particular who is trying to sell so she can move to California. She told me this 4 yrs. ago before I was a DG member. I believe she still owns 10-12 properties in my area. Hmmm... this could get very interesting!
I drove past most of the properties this morning. I remember when I met the owner originally, she is very intimidating. But, she might just be up for owner financing.. to me! Woo hoo!