REI Career Investing at the Right Time in Your Life (CFFL 0217)

REI Career Investing at the Right Time in Your Life Jack Butala: REI Career Investing at the Right Time in Your Life. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jack Butala: Jack Butala with Jill DeWitt. Jill DeWit: Hi. Jack Butala: Welcome to our show. In this episode, Jill and I talk about REI career investing at the right time in your life. Jill, great show today. Before we get started, let's take a question that was posted by one of our members on successplan.com, our free online community. Jill DeWit: Awesome. Okay, Brock wrote, "Hey guys, so I have a deal that is complicated by an out of state probate." Oh gosh, been there. "Jack and Jill recommended that I just hand it over to the title company to close, and I thought that was a great suggestion, so I called one, and got the run around. They're saying they can't help with the deal until the seller demonstrates that they own the property by recording proper paperwork with the county. That's the exact reason I need help from the title company. I don't know how to navigate and get this done. Is this going to be my experience with every title company? What value do they actually add to the deal if they can't get the correct documentation on the books? I'm stuck. Can someone just give me some more steps about that? Signed purchase agreement, basically, what do I need to do?" Jack, he's right, it's funny. Jack Butala: You're way more qualified to answer this question, actually. We're both qualified, but what do you do when there's a tough title situation? Jill DeWit: Call a different title company. What if it's not the right person for that. Brock's on the right path. The whole thing is, that's why I bring in the title company when I have these situations where maybe there's some extra paperwork that needs to be filed, or I have to prove that someone passed on, and all that good stuff. That's what they're there for, making sure that the title is correct, and everything like that. There is a small chance that he has to get to an attorney involved. This might be one of those that there maybe an attorney in probate involved before it gets to the title company, and that does happen. The title company should nicely help them out and say that. Jack Butala: The title company is here to help you, but you have to help them too. There's this notion, and it's been this way in real estate for as long as I can remember, and it's rooted in real estate agents. I'm not knocking at real estate agents at all, but I've seen a lot of people just slap down a file folder on a title agent's desk, and tell them to close the deal. I just don't think that's the way it should go. Title agents are some of the most underpaid, undervalued group, as a group in real estate. They really can do a great job for you, but you have to help them if they need some paper work, and they need to help to collect stuff, I say help them. Jill DeWit: You're right, and that's the thing. Basically you're bringing the title agent in, and you guys are a team. You need to be part of that team, because they may have some questions about the deal. You want to be really involved in this by the way, speaking from experience, because you need to see this deal all the way through to make sure nothing does go sideways, and nothing happens. There's times that they reach out to the seller, and then the seller maybe not answering the phone, maybe not emails, and it may take a week or two, because this title agent has a lot of deals on their desk, a lot of things they're doing. For them to get to you and say, hey, I don't know where your seller is. I've been trying to contact them. This is one of the reasons you need to be really involved,