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A Start-to-Finish Deal for Jack & Jill (CFFL 512)

A Start-to-Finish Deal for Jack & Jill (CFFL 512)

Land Academy Show · Steven Butala & Jill DeWit

July 25, 201721m 46s

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Show Notes

A Start-to-Finish Deal for Jack & Jill (CFFL 512) Transcript: Jack Butala:                         Jack Butala and Jill DeWit. Jill DeWit:                            Hi. Jack Butala:                         Welcome to the show today. In this episode, Jill and I talk about a start to finish deal for Jack and Jill. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and we'll wait for Jill to finish what she's doing on her phone. Jill DeWit:                            I'm here. I'm always here. I just happen to multitask really, really, really well. Jack Butala:                         Okay, multitasker. Jill DeWit:                            It's a chick thing, by the way. Jack Butala:                         Hey, you want to do a podcast today? Jill DeWit:                            Hey, I'm here. [Noem 00:00:34] asked, "Hey, everyone. I'm in the middle of doing my due diligence for my first couple of accepted offers. Yay. The county I'm in is super nice on the phone, but they're kind of lacking free accessible info on their website when it comes to most of the due diligence, like, for example, finding liens, deeds, et cetera. What is your go-to resource for due diligence? Mainly looking up chain of title and making sure there's no open liens anywhere in the history of property. Jack Butala:                         Very good question. Jill DeWit:                            "I tried TitlePro247, but at least with this one, specific parcel I'm looking to buy, the info on Title Pro wasn't complete, and even when I called their customer service, they were not sure what was up with that property. This property, I'll just have to use a title company to close on. I'm happy to pay for the stuff, just not sure what the best tool is for that, other than a title company, of course. Any advice would be awesome. Thanks in advance." Jack Butala:                         Just like yesterday. They answered their own question. Very smart people we have in the group. Seriously. Jill DeWit:                            I want to say, "... and correct." Jack Butala:                         Agent Pro of TitlePro247 is owned by a company called Black Knight out of Irvine, California. They have said this sentence to Jill and I multiple times: "We started in California, and we're working our way east." So the quality of their data- Jill DeWit:                            Bingo. Jack Butala:                         ... it's fantastic west, but they're still working it out going east. Their goal is to get to every single property done, so I don't know exactly which country Noem's working on, but it could be an issue. Jill DeWit:                            I got another idea, too. Jack Butala:                         For chain of title, I mean, Jill, you know more about this stuff than I do. For chain of title, if you're real concerned about it and it's a big deal, you should get title insurance and go through title. If not, if you can actually go to the country, you can sort through the deeds. That's what Title Plan does. Jill DeWit:                            TitlePro247 is my number one go-to. Then, number two is CoreLogic. They are rapidly adding ... Seriously ... Jack Butala:                         We're licensed providers, by the way, both of these companies. Jill DeWit:                            I can't remember what the number is. I have the stats. I'm working on the stats. I've mentioned this on a number call the other day. I'm putting together some stuff for our new site coming up, OwnersData.com. Basically, it's just cheapest access to CoreLogic. That's all you get. I'm going to say what it is right now, anyway. OwnersData.com, which is launching any day now, $100 a month- Jack Butala:                         It's launched. Jill DeWit:                            ... 10 cents a record,