Buying Property Out of the USA
Transcript:
Jack Butala: Jack Butala with Jill DeWit.
Jill DeWit: Hello.
Jack Butala: Welcome to our show today. In this episode, Jill and I talk about buying property outside of the US. 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.
Jill DeWit: Okay. Brandon S., this is is kind of a technical question. I like it. "When downloading a list from RealQuest Pro, do you download the whole list or part of the list?" We should probably back up and give a little information on what this is about.
Jack Butala: Go ahead.
Jill DeWit: That is our number one go-to for downloading ownership records, and that's how we generate our mailing list and things to send out offers to owners to buy their property. That's the big picture. We have tested them all, haven't we, Jack?
Jack Butala: Oh, yeah. I mean, there's two major places. RealQuest Pro is a collection of every single assessor's database or tax roll in the country with very few exceptions, so you tap into a database. It's not just a list. Go ahead.
Jill DeWit: That's a good point.
Jack Butala: The only other one really that's worth it at all is TitlePro247 and we offer that too. We're licensed providers of both. That concludes the commercial portion of this podcast.
Jill DeWit: I love it. Yeah, so what we do is we go in and it's nice because we all, in our community we log in and I pick a county and I pick a size and I can sit and pick every last little detail. This is what Brandon's asking about. We'll go in and pick the zoning. If I'm looking for vacant land I'm going to pick up assessed ... Maybe I want to do 4.9 to 5.1 acres. I'm doing that to get all the five-acre properties and I'm picking a county and I'm putting in, I want it zoned this way, I want to make sure it's residential or vacation. Dream it up. I'm going to take out all the federal stuff and I'm going to make it assessed up to a certain level and I'm going to put in improved percentage of zero which is huge. That's one reason we use this data, is because other data sets don't have that.
Jack Butala: Yeah, improved percentage of value means that if there's an improvement value anything other than null or zero there's-
Jill DeWit: Something on it.
Jack Butala: Yeah, it's been improved and it's not land.
Jill DeWit: Exactly.
Jack Butala: That's not [crosstalk 00:02:22], unless you want to buy houses. That works too.
Jill DeWit: Yeah. On the other side, just so we can share with everybody, we have access to all that too. Say I want to buy apartment buildings. I can go in and put in a ZIP code-
Jack Butala: It's the same database.
Jill DeWit: Yeah, I'm just doing the same thing. Instead of picking land, I'm picking apartment buildings. I'm going to put in a ZIP code and I want up to this many doors and-
Jack Butala: It's literally 148 million properties. Every single piece of real estate in the country is in there.
Jill DeWit: Whether it's-
Jack Butala: Every single participating county, the real estate's in there.
Jill DeWit: Yeah. Could be an office building, could be a bank.
Jack Butala: There's a few counties that don't participate because they're in the Stone Age and you don't want to buy property there anyway.
Jill DeWit: Exactly. Yeah, Brandon's question's about,