Real Estate Agent Side Business II
Jack Butala: Real Estate Agent Side Business II. 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 DeWit.
Jill DeWit: Hi.
Jack Butala: Welcome to our show. In this episode Jill and I talk about the real estate agent side business that this could possibly be for buying and selling land for real estate agents. Great show today, Jill. Let's take a question posted by one of our members on SuccessPlant.com, our free online community.
Jill DeWit: Cool. Chaz wrote and asked, "I'm in the process of purchasing my first property and I'm having a real hard time understanding the whole deed process. I received a copy of the old deed, which is a treasurer's deed ..." because he bought it at a tax sale. "Should I just get a warranty deed off US Legal and roll with it? Is it really that simple? It's Colorado so I have the TD1000 form. Also, if I call the county recorder, what should I ask? Thanks, guys. Once this clicks I'll be good to go, but this is just really confusing me. Ha Ha." Love it. I remember those days.
Jack Butala: Me too. Chaz, you're not alone. This was a big hurdle for me personally. A lot of years ago the paperwork piece of this really hung me up. In fact, for the first, probably 10 or 15 deals I did I hired a notary. Not a notary, I hired a title person to do all my deals and it was very, very, very expensive. Luckily for me, the margins were there but I learned nothing. I didn't learn how to do my own paperwork, process [inaudible 00:01:27] deed, the whole thing. This is really good, specific example of, it's a treasurer's deed to you clearly can't re-record another treasurer's deed. Jill, before I get into it, how would you answer this directly? The short version?
Jill DeWit: Treasurer's deed comes from a treasurer. You're not a treasurer, which I wrote in SuccessPlant. We chatted about it.
Jack Butala: You did answer it? Okay.
Jill DeWit: Yeah, I did answer this. What's good is I answered it and I said, "Hey, listen to the show because you'll hear us talk about it." It's funny too because he said he's already come a long way since he wrote this question. Yes. We have him in our program and Chaz remembers that now. He can just copy what we have in there and I reminded him special warranty deed is the way you want to go and he's on the right path with that TD1000. It's just for the assessor.
Jack Butala: He said a warranty deed.
Jill DeWit: I told him a special warranty deed is what I told him. It's how you really want to go.
Jack Butala: Right.
Jill DeWit: And he can sure copy one of ours.
Jack Butala: I know that you answered the question for him in SuccessPlant, but what's the answer for all of our listeners?
Jill DeWit: You need to recreate a new special warranty deed. What you're using off the treasurer's deed is the correct legal description and the grantor, that kind of information is what you're taking off the treasurer's deed as you're recreating your new deed. Then yes, it's no problem and highly recommend when you're new, call the recorder before you send this in and just say, "Hey, I have a one page special warranty deed. I also have this XYZ form because I looked on your website, it looks like I need this form in your state. I have a check for 18 dollars and 50 cents, for the recording fee or whatever, is this correct?" And they'll tell you. That's really, really nice. They'll make sure you have the right address and all that good stuff so it's a great thing to do and that's how easy it is.
Jack Butala: As a Data to Doorstep member, every Data to Doorstep member, has access to a website we put up called DeedPerfect.com. It's live and running and ready to go. It's a free service,