Land Orders online vs on Phone (LA 711)
Steven Butala: Steve and Jill here.
Jill DeWit: Hello.
Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk, or at least we hope. I'm Steven Jack Butala.
Jill DeWit: And I'm Jill DeWit, broadcasting from sunny southern California.
Steven Butala: Today, Jill and I talk about land orders online, taking your land orders online versus on the phone.
Jill DeWit: This totally confuses people, and I have some ...
Steven Butala: This is a spoiler alert. I'll give you a spoiler alert. It is inefficient as hell to talk on the phone.
Jill DeWit: Yes, this is true.
Steven Butala: 90% of the time.
Jill DeWit: We're talking about business-related, not just dating, right?
Steven Butala: No, I think that's inefficient, too.
Jill DeWit: I knew that.
Steven Butala: Want to get down to business when you're dating.
Jill DeWit: Thank you. Less talking. Love it. I get it.
Steven Butala: Before we get into it, let's take a question posted by one of our members on the LandAcademy.com online community. It's free.
Jill DeWit: That's funny.
Steven Butala: As she pins the microphone to her chest.
Jill DeWit: Okay, Matt asks, "Hi, everyone. I'm buying a property and the vesting deed is a tax deed to purchaser of tax defaulted property in California."
Steven Butala: We just bought 20 of those this week. Go ahead.
Jill DeWit: "Besides checking the legal description, is there anything else that I need to double-check for the title? The deed is between the tax collector and the current seller. I think it's as good as any deed, right? And the chain of title before it is disregarded because it was foreclosed on due to overdue taxes. Is there anything else to look out for?"
Steven Butala: Classic. Classic answer your own question at the end. I love it, Matt. You answered your own question. I love buying tax deeds, because they went through adverse possession for you for free.
Jill DeWit: They did all the work.
Steven Butala: Yep. They had to ...
Jill DeWit: Posted it in the paper and did all the ...
Steven Butala: When the county takes a property back for back taxes, they have to go through the same rules that we do for adverse possession. They have to find out if there's anybody that has any interest in this property, any interest in stepping up, paying the taxes, and taking the property over, in Arizona anyway, including going through the whole seven-year tax lien process. By the time you get a tax deed, it's pretty darn clear, almost without exception, almost without exception, that nobody has a real interest in the property. Usually they're just not alive, that's the real truth of it.
Jill DeWit: Exactly.
Steven Butala: Should you be concerned? No way. Jill and I built a whole company a long time ago on tax deeds just like this, and tax liens. And subsequently found out it's way more efficient and faster to buy property from people.
Jill DeWit: Can I add one little item? That what you need to do when you convey the property, because I did this the very first time, years ago. I was so ingrained in my head to copy the deed from before, just mirror it all, change the grantor-grantee, right? Legal's the same, everything they have on there's the same, just copy that over.