177: Logan Fullmer is an investor in land and commercial real estate and deals with some of the toughest title issues. Through his expertise in resolving problems in a property's chain of title, he can find and buy properties at insane discounts.
(Show Notes: REtipster.com/177)
Logan shares how he first invested in real estate 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 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 invest in distressed real estate successfully. 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.