Sudden Need for Cash – Never Goes Out of Style (CFFL 385)

Sudden Need for Cash - Never Goes Out of Style Jack Butala: Sudden Need for Cash - Never Goes Out of Style. Leave us your feedback for this podcast on iTunes and 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:                               Happy Friday. Jack Butala:                            Welcome to our show today. In this episode, Jill and I talk about the sudden need for cash and it never goes out of style. What the heck does this have to do with real estate investing at all? Before we get into it let's take a question posted by one of our members on landacademy.com online community. It's free. Jill DeWit:                               Okay. Michael asked, how do you use Title Pro to inspect the chain of title and make sure it's clear? Love it. Jack Butala:                            This is a question for you. Jill DeWit:                               I know. Jack Butala:                            Jill's a title pro expert. Title Pro is, by the way, a tool that Land Academy members get to enjoy as part of their subscription. Jill DeWit:                               Exactly. It's included. So, here's what you do. First of all, your first initial check should be to zip in the, so, you want to make sure that the person you are talking to is the correct person/owner of the property and can make the decisions. So, high I'm calling back. My name is, you know, Betty Smith and you, I got your letter about my 40 acres in Nevada, whatever it is. What am I going to do? I'm going to hop into Title Pro, because that's, you can do it in RealQuest too, but either one, you're asking about Title Pro, and what am I going to put in? I'm going to put in the APN and she should have it right there. If not, we can get it. I'm going to put in the APN and the county and bingo, it pops right up. Not only does, what it does, it takes me right and drops a pin on the property and I'm looking at it and I'm talking to her and I can hover over my little pin drop and I can see the ownership name right there and the APN. Jack Butala:                            Uh-huh (affirmative). Jill DeWit:                               That's a few other details without getting too far into it. So, right now I can make sure, okay, Betty Smith? Yep. I got you right here and I'm looking at your property right now. Now, if I want to go further just so you know Michael, what, the easiest thing is right there, when you're hovering over it you have the option to click on that property and drop it into a box and just print out a little property report and it's about, I don't know, eight, ten pages long and it gives you everything. So, I mean, this is seconds too. While you're still talking to her you can have the property report, PDF, that you're staring at and you're looking at when she bought it, how much she bought it for, was there a lien on there, or you could start scrolling down on this property report, wo owned it before her, who owned it before her. Jack Butala:                            It's a chain of title. Jill DeWit:                               It's nice. Jack Butala:                            It's the same thing a title agent does. Jill DeWit:                               Exactly, and that's why we have Title Pro. You have all the same resources right there and that's how you check it. Jack Butala:                            It's amazing because I've never, I don't know the site like you do at all but you really can check the chain of title back a few year, what 20 or 30 or so? Jill DeWit:                               Also, yeah. Jack Butala:                            It's a amazing resource. Jill DeWit:                               So cool, and you can see, and then it gives you demographics. You can, if you really wanted to get into it,