Lecture Notes: Real Estate and Title Issues with Logan
Introduction
- Hosts: Charles and another individual
- Special Guest: Logan, a title expert
- Focus: Dirty title issues and contract disputes
Logan's Background
- Been in real estate for several years
- Family background in sales and finance
- Started with flipping houses in Temple, Texas
- Worked in oil fields to gather capital
- Moved to San Antonio noticing development potential
Real Estate Journey
- Flipped houses in hometown with brother
- Transitioned from flipping to handling complex title issues
- Recognized for dealing with 'dirty titles'
- Co-founded "Home Buying Solutions"
Key Concepts Discussed
Dirty Titles
- Definition: Complex title issues often with multiple owners, liens, or legal claims
- Common Problems:
- Multiple owners
- Historical disputes
- Unresolved liens
Contract Disputes
- Logan emphasized contracts being a starting point for negotiation
- Handling disputes involves understanding emotional and legal aspects
- Importance of patience and legal knowledge
Dealing with Title Issues
- Approach:
- Identify problems through research and communication
- Use legal avenues as a last resort
- Work with attorneys and title companies
- Techniques:
- Use property codes, legal codes, and affidavits
- Landlocked properties: Research for easements and access solutions
Business Approach
- Company Transformation: From "Easy Home Buyers" to "Asset Resolution Partners"
- Focuses on solving high-level title issues
- Partnership formation within company
- Utilizes personal approach and legal knowledge to resolve issues
Conclusion
- Real estate involves complex title issues but can be navigated with the right knowledge and patience
- Importance of understanding both legal and emotional factors in transactions
Tips and Recommendations
- People Skills: Real estate is a people business rather than just property management.
- Legal Knowledge: Keep up with real estate codes and regulations.
- Patience is Key: Resolving title issues can be time-consuming.
- Risk Management: Evaluate the risk before investing in properties with complex issues.
These notes offer a comprehensive overview of the key points discussed by Logan in the lecture about handling real estate title issues and contract disputes. The focus is on strategies for dealing with complex title situations and how Logan's company addresses these challenges.