Title Searching and Other Research

How to Accurately Estimate a Property's Current Market Value
by Thomas Lucier

The most common mistake that many beginning real estate investors make is that they pay too much for property. Fact is overpaying for property is often cited as the number one reason why so many newcomers fail to make it as profitable real estate investors. That's because most beginning real estate investors are woefully undercapitalized, and they don't have the deep pockets that are needed to subsidize their overpriced real estate investments.

If you will email Marc Karyo he will sign you up for the call. They only have so many lines reserved so respond quickly so you won't be left out.
[email protected]

www.oldschooltitle.com

Last week MArc Karyo and Bob Middleman covered all the important paperwork and all you need to make sure your closings happen when you use the back to back closings for short sales, REO's, foreclosures, FSBO's etc.. They also covered closing REO's using Land trusts. They spoke indepth about Land trust closings

I am doing research on a couple of properties right now and have pulled comps on them but the numbers seem high. How do I know if the numbers from the comps are accurate? Thanks and any advice would be great!

-- Mark

I would like to get my own Title Insurance at COE and wondered if anyone out there has found a really good and inexpensive company to use? TI is always negotiable and I know there has to be other companies out there providing those services for way less than what I'm paying now. Please advise!

Where do you go for getting an appraisal done? And how much will an appraisal typically cost?

If you're new like me, it's quite possible you know absolutely nothing about real estate.

I have acquired a few documents which have proved absolutely invaluable to my RE learning.

They are:
A Guide to Real Estate Principles* (.pdf 471 pages)
A Guide to Real Estate Practice* (.pdf 446 pages)
A Guide to Real Estate Finance* (.pdf 423 pages)
A Dictionary of Real Estate Terms (.pdf 476 pages)

If you would like any of these, PM me with your email and I'll send them off. The dictionary has literally thousands of entries.

I hope this doesn't sound to dumb but, when pulling comps on a property how do I use that information to determine a FMV? Do I just see what has sold in the past 12 or 6 months and get an average and use that? I had read a post from Sully about if there were not current comps in that area that he would obtain older comps and try to adjust them according to how old they were. How do I do that? How do I assess repairs to determine an ARV? Sorry about all the questions but I am really motivated to learn all I can so I can take ACTION! Any help will be appreciated. Thanks so much!

I hope this doesn't sound to dumb but, when pulling comps on a property how do I use that information to determine a FMV? Do I just see what has sold in the past 12 or 6 months and get an average and use that? I had read a post from Sully about if there were not current comps in that area that he would obtain older comps and try to adjust them according to how old they were. How do I do that? How do I assess repairs to determine an ARV? Sorry about all the questions but I am really motivated to learn all I can so I can take ACTION! Any help will be appreciated. Thanks so much!

What is an accurate process to determine the ARV for a property? I'm a new investor and need as much help as I can get in getting started so any help at all will be appreciated!

Thanks,

- Mark

Hi,