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In this episode, we're talking with Logan Fullmer, an investor specializing in solving complex title issues on distressed properties. Logan shares how he first got into real estate investing by purchasing inexpensive vacant lots in San Antonio, Texas. A few years later, after the market appreciated significantly, Logan discovered one of the properties had a title issue that prevented it from being sold. Through the process of resolving the title problem, Logan realized there was an opportunity to seek out properties with title issues to acquire them at a discount.
Since then, Logan has made a business out of buying properties with all kinds of title problems - from multiple heirs, to tax liens, to breaks in the chain of title - to resolve the issues and unlock the properties' full value. He goes into detail on the podcast about the most common title problems he encounters, how he identifies properties with issues, the typical costs and timelines involved in resolving them, and how he determines how much to offer sellers. Logan also provides tips for those interested in getting started with title curative work.
Logan shares his knowledge and experience navigating complex title scenarios to successfully invest in distressed real estate. His unique perspective and approach to seeking out properties with solvable issues to acquire them well below market value provide useful insights for real estate investors.
00:00:00 - Introducing Today’s Guest: Logan Fullmer
00:05:33 - Risk as an Investment Philosophy
00:09:32 - Opportunity in Title Issues and Business Model
00:13:07 - Common Title Issues
00:16:09 - Can You Use Quiet Title Action?
00:21:32 - Advice When Hiring a Real Estate Attorney
00:25:33 - Tenants-in-Common Situations
00:30:23 - How to Find Properties with Title Issues
00:35:09 - Identifying and Solving Title Issues
00:38:15 - Conducting Title Searches
00:42:18 - Diversifying Deal Sources
00:47:10 - Calculating Property Offers
00:51:03 - Researching Landlocked Properties
00:53:35 - Finding Alternative Solutions to Common Title Issues
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