Can “Short Title” Problems Kill Your Deal?

I got a question into my hotline recently, and I’d like to share the details with you, here in my blog.

The caller asked:

“What’s your advice on the easiest way to get a property under contract? I have a ‘ready’ buyer who’s pre-approved but has been having trouble getting a property under contract.”

Ok, let’s iron out a few details first…

First, I’m assuming the “ready” buyer who’s pre-approved is a retail buyer.

Why?

Because the client used the term pre-approved, which means the buyer is engaged with a lender — presumably,

Continue Reading...

Property’s Under Contract — Can the Seller Still Take a Higher Offer?

Hey there, Cam Dunlap here with a question I got recently on my coaching hotline… a caller asked:

“When a property house is under contract with a seller, is it possible that the seller could sign another contract with someone else who maybe makes a higher offer? And, do you register your contract with the title company or how do you prevent yourself from that scenario?”

Well, the answer is: Yes, they could do that, but(!) yours predates it and, therefore, technically nullifies that second one. 

So, when you have the property under contract, you have

Continue Reading...

Around ½ of My Deals Over The Years Have Come From This

Cam Dunlap here, with a super helpful REI concept this morning.

It’s something that’s frequently overlooked by most investors — they’re so focused on generating leads that they almost always miss the ball on this one.

Here it is: tapping into and monetizing the pile of profits that’s hiding in plain sight from all the leads who said, ”No” to your offer.

Let me be very clear — following up with sellers who said no to your offers can be immensely valuable. It’s an important lesson worth really wrapping your head around and today, I’m sharing

Continue Reading...