Do you work with Wholesalers?
We do and are proud of the fact that we’ve helped and processed many of these transactions. Many of our clients who are wholesaling usually attend national or local courses teaching people how to do this. As an FYI, our team of attorneys make sure all of us follow the law and are protected. Please make sure you talk to us on the phone before you do your first one. We want to make sure you are using the correct contract and that you’ve protected yourself from litigation. These are the things that the courses usually don’t teach.
When the Buyer of a home is flipping it the same day, does the State of Florida require the Buyer to bring all the purchase funds still?
The State of Florida does require that the Buyer, when flipping a home the same day, still fund ALL proceeds for the purchase. Some states like California don’t require this. Florida 100% does and anyone telling you anything different doesn’t know or understand Florida law. Regardless, we are more than happy to help you with this and all transactions.
Do you have experience with large bulk purchases and why should I care which title company handles my title work and closing?
We regularly handle purchases from as large as 10,000 homes to small packages of 5-10. Our clients choose us because we know how to work with the purchasers’ accountants and attorneys to set up the legal and tax structures correctly. Most Title Companies don’t have the expertise to do this. Not only do we have in-house attorneys, we also have a former Ernst and Young CPA on staff that specializes in the complicated tax structures that can arise from large transactions. The last thing you want is to pay taxes on profit because your title company made a mistake.
Does your team setup legal structures and tax structures for us?
We work with teams that do. We’re not allowed to set up the structures for you, but because we’ve worked with large hedge funds in the past, we know what has to be done with these purchases. Prithi Daswani, CPA is actually our internal on-site CPA team. She worked for Ernst & Young for 12 years and specializes in this kind of practice.
Do you work with Foreign Nationals and Foreign Investor Groups?
We specialize in this. Not only do we have team members that speak Spanish, Portuguese, Dutch, and Mandarin fluently, but we can also get help for all other languages. Our attorneys work closely to make sure all steps are taken to make it convenient for you when you have to sign all legal documents.
I and/or my group buys homes from the Foreclosure Auctions. Why should we use you?
We purchased 1,200 homes between 2011 and 2013 alone from Central Florida foreclosure auctions. We are not only familiar with the process; we also understand the risk. If you miss a lien, you own it, and there is no worse feeling that realizing you made that mistake. To eliminate that risk, we provide any client a free search on any property. We even search the properties that the bank has set too high a number on. When you hire us, we work with teams of attorneys and CPAs to clean up any liens that arise that haven’t been caught. We also have extensive experience in assisting with things like Writ of Possessions.
Do you negotiate HOA liens?
This is a big request from our Foreclosure clients. As we mentioned before, we know all about this because we’ve been there. We have a partnership with a law firm that negotiates these on behalf of our clients. The fee they charge for this is paid at closing.
Do you handle simultaneous closings?
Yes, we do. Most Title Companies don’t know how to do this properly, but our team has been doing this for years. We love Investors and provide all the tools they need to succeed legally without breaking the law. Same-day closings are one of the things we love to do.