The Land Geek Podcast #11

A conversational podcast episode (hosts: Mark J. Podolsky “The Land Geek” and guest Duran Frazier) about buying/selling raw land. They discuss title reports vs. escrow, when to use title insurance, low-cost closing workarounds (notary-as-escrow), land contracts vs. deeds-of-trust, issues with tax-sale/title insurance and quiet-title, due-diligence steps for bulk/wholesale deals, and practical tips/websites for small investors (RocketLawyer, RuralPropertyFinder, TaxTitleServices). The tone is informal, anecdotal, and practical—focused on deal workflows, risk tradeoffs, and operational shortcuts.
Questions this video answers
1999 (he states '1999' and later says '14 years' in the conversation).
RocketLawyer.com; ruralpropertyfinder.com (also referenced as realpropertyfinder.com/ReserveLand/reserveland.com); taxtitleservices.com (TaxTitleServices).
Chapters
Welcome to the Land Geek Podcast, your resource for information and tips to making money by buying and selling land. Let the Land Geek show you how to make a passive income by working smart, not working hard. Learn strategies and tricks to make money buying and selling raw land today. And here is the man that's gonna help you do that. The Land Geek.
Hey, it's Mark Podolski, the Land Geek. And I'm on again with the young, talented, incredibly. I don't even know what the word I want to use is. I'm so tired, man. It's Duran Frazier. Reserveland.com Duran, what's up, buddy?
Not much, Mark. You know, it's been a long week for me. I'm gluten free and dairy free as a Monday. But, you know, as a passionate person, I take on things from one week to the next, so who knows what will be next week.
That's great. That's great. I'm trying to go paleo.
Mark, you weigh about 120 pounds. So Paleo would make you a ghost.
Paleo baby. Going back to our natural evolutionary resources. Look, the gluten free thing is great. Honestly though, I am eating just fruits, vegetables, nuts and protein. I have a much better energy level. Don't count the pizza I had last night. That doesn't count. But for the most part, like 90% of my diet now is pretty clean. What do you think?
That's pretty awesome. I think the Paleo diet would be pretty sweet if I could handle it. I'm pretty close to the paleo diet, just minus a couple of little things here and there. But gluten free and dairy free for me are big because every day, for the last, I would say, eight years, I have always had a mocha. And a mocha consists of dairy, milk, which I love, my milk, and a little bit of chocolate. And that's gone by the wayside.
Yeah. I have to tell you that as fascinating as this is, this is why people listen to our podcast. To hear about how you're so ripped and how I'm eating clean and have a lot of energy. We're talking about raw land. How to make money in raw land, baby. So we're just talking. You know, it's so funny though, as we're talking about the podcast, that right there is probably going to be the most exciting thing that you're going to listen to this entire podcast because what does Duran want to talk about today?
Dieting.
No, come on, man.
I want to talk about title and escrow.
Title and escrow. These are like, so boring. If you're driving right now and listening to this, please get yourself a cup of coffee as we talk about tidal and escrow, because I don't want to be responsible for any accidents on the road.
Pull over and drink a Red Bull.
Yeah, pull over and drink a Red Bull. As we get. As we get started into the fascinating, exciting world of closing deals with title and escrow. So, Duran, what's the difference between title and escrow?
Well, title and escrow in some states are generally under the same roof, but generally what title and escrow does. A title report, which most people know what a title report is, basically, is a report that gives you all the information, background information on the property you're buying or selling. And an escrow is just a. Basically a third party that allows you to put money in and have it in a safe haven until that project or property transaction closes. So basically, you would want. Some buyers with raw land would like a title report, others would like to shy away from it because there's costs involved. And a title report, title escrow fees could run you, even for a $5,000 property, could run you upwards of 6, $700. So there is a little bit capital intensive, but in a nutshell, that's what it is. You want to buy a title. You want to buy a title report or a. I'm sorry, you want to buy title insurance on your property to ensure that when you. That it's a marketable title, when you plan on selling it in the future.
Right, right. Because what, you know, what's going to happen is, and this is probably. I mean, it rarely happens, but when it does, it's terrible. Usually with houses, this is a, you know, title is a big deal because you don't want somebody coming back two years later and saying they have a claim to your house. Right. Well, the same thing goes with land. So Duran buys five acres, and then I say, hey, that's. That's not your five acres, that's my five acres. Because the recorder made a mistake or somewhere in the chain of title somebody made a mistake. You got to have title insurance. Right. So it's a good investment to protect you from the underpaid, overworked government official screwing up your deed, so to speak. Is that right?
That's right. And when it happens, it's an utter, utter nightmare.
Yeah. And there's certain, by the way, there's certain counties that are terrible and more notorious for this than others. I won't name names. Hudspeth county, but be very careful if you ever buy Hudspeth County, Texas? Because, and again, I don't want to name names. Hudspeth County, Texas, because it's. It could be a total nightmare if you buy in Hudspeth County, Texas and don't get title insurance on your properties.
I'm glad I've never bought in Hudspeth County, Texas.
Mark, listen, I'm a positive guy. Never want to talk badly about any county or any agency, but that one is just rough for the most part. I find the recorders, if you're nice to them, they're really helpful these days. It's not like what it used to be. I think technology is taking the workload off of them. They seem much chippier these days. When I call those rare times now that I do have to call when Janie the VA won't do it or she's on vacation.
Well, when you've got. When you've got three hour work weeks and you're getting paid 40, 40 hours a week by the government and getting overtime and $100,000 salary bonuses to be the third in charge at the recorder's office, I too would be a little bit happier.
Come on, man. They don't make that kind of money, do they?
If I was having to deal with guys like you all day long, I'd hope.
Yeah, that's why they're underpaid. That's why they don't care about the chain of title. That's why you need title insurance. So what's going on with Tidal? What's the difference between tidal and escrow?
Well, we just briefly talked about that, but escrow is sort of your third party. Basically, you would deposit funds or receive the funds from escrow. They are a neutral third party that handles the transaction.
Okay, so this is how I do deals without having to go through the expense of escrow. Dre, you do the same thing. You ever use Notary Pro?
Never use. Mark, I swear I learn things from you every day, my friend. I gotta come to your house and just spend a week with you.
You really do. You're surfing too much. This is what happens when you make too much money at a young age and you just stop trying because you don't have to try anymore.
You know, I feel like a rich or a broke Richard Branson.
Yeah, broke Richard. Yeah, that's a good name for you. Alright, so this is what I do. Duran's got five acres that I really want. He accepts my purchase agreement, but the price is so low, let's say it's $500. I'm not going to spend $500 for an escrow service. But what I will do is I'll spend $75 for notary to be my de facto escrow. And what I'll do is I'll contact notary pro, which is all done online. When I say me, I'll usually have my VA do all of this and give them the. The buyer information. Actually, in this case, it's Duran's, the seller. The seller information and their phone number. And what they'll do is they'll meet at, like, a Starbucks or McDonald's, somewhere public, and I'll send them the paperwork. So I'll send them Duran's deed. So all he has to do is sign the deed, notarize it into my company name, and then the notary gives Duran, my seller, my cashier's check. Then the notary takes the notarized document and sends it back to me. De facto escrow. Does that make sense?
Mm.
It's great, right? 75 bucks. Gosh, Mark, I've never gotten in trouble with it.
That's the problem. As soon as you do, you're gonna have to use escrow.
Okay? So, yeah, as soon as I do. But until I do, look what I do with a $25,000 deal. The $50,000 deal. No, I wouldn't. Yeah, I've got $500. Come on.
No, I agree. I've got a deal right now that's in the six figures. And I honestly wanted to go the cheap route because we both knew each other quite well, and it was just basically a pretty simple transaction, and we weren't using title, but we just said, you know what? We'll pay the five or six hundred bucks to go through escrow and do it. So. I get it. I mean, 500 bucks. Of course, if somebody's very. If somebody's very persistent on having some sort of escrow involved or third party, then that's a perfect solution.
Right? Right. So what do you do with some of your ebay customers or Craigslist customers that say, you know, it's a really inexpensive property? Let's say it's $1,000, and you might be making good money on it, let's say 300%, but still, you don't want to cut into your margin by providing them escrow fees or title insurance fees. So how do you handle that? What do you typically do?
I mean, every deal.
Do you pay for it, do you do it for them, or do you have them pay for it?
Every deal is obviously unique, so it depends on the price and depends on the margin. So if I have a margin, I'm making 300, 400%. And I've sat in the property for six months or a year, and I wanted to move it. And this was the buyer. They always say in the market, your first offer is your best offer. So for me, I sort of look at all aspects of the deal. If it's something that I feel like I want to move, I will sacrifice a bit. But just to give you a case, that sort of twisted my brain a little bit in terms of wanting to offer that to my clients. I did a deal. In fact, it was an ebay deal. It was a 60, $55,000 eBay sale. It was an auction that was bid up, okay. On a very nice piece of property. What was was a 640 acre parcel.
You're so ambiguous like a nice piece of property. Let's get some detail. What was the property?
It was a beautiful property outside of Battle Mountain in Nevada.
Okay.
It was 640 acres. Beautiful, like, unbelievable. County road access right through the heart of the property. It was. I think we had land bank this one for seven years. So we had it for some time. The goal in these properties was to subdivide that county, in particular, Lander.
Oh, Lander. I know Lander.
You know the rules. The rules are a nightmare, unfortunately. I still have about 6, 6 or 7,000 acres in Lander County. But the good news is a lot of it's already paid off. So we've thankfully been able to pay a lot of the debt off through some other sales. But I mean, these parcels, we had to move. And so I decided in order to move it, I would sacrifice and go through. Although, again, ebay, you want to get it closed quick. But at $55,000 deal or $60,000, you got to kind of assume that the buyer's going to want to utilize the title. So going back to it, we went through title and escrow. And three weeks in, you know, three weeks in, he decides, he pulls the plug on it. And this is after his deposit. He had already removed his contingencies to purchase the property. And so he lost his deposit, which he didn't care about, and he decided not to move forward. And that was sort of the nightmare. See, the problem with title and escrow is there's always a time lag, meaning you could close a property in one or two days. But title and escrow, it doesn't work that way. So a buyer has buyer's remorse, which, you know, that happens. And especially when it, when it's a higher, you know, higher price property, they tend to have a buyer's remorse. I mean, it happens on, on, on, on any level. But a bigger one, obviously at that level is a little more frustrating because you pull the, you pull the property off for, you know, whatever, you know, a month to sell it, three weeks in escrow. So you're, you're like eight weeks minimum before you can remarket the property.
So, yeah, that's a gut punch when that happens. I've been fortunate. I haven't had a deal fall out of title, but I'm sure sometime it's going to. But yeah, that's terrible when that happens. But yeah, I mean, I feel the same way. Like if it's an ebay sale, ebay is like de facto escrow, right? They're protecting both parties. You've got your ebay reputation. So I'm not going to not deed over property to somebody when I sold it to them on ebay. Yeah, it's like, then I have a guarantee too. So I don't want anybody buying property from me site unseen. So I have a crazy guarantee and go out and see the property. If you don't like it, I'll refund you. I don't care. But it never happens. I don't want to, I don't want to wait three weeks while some junior title officer, you know, does a preliminary title report on a piece of property that's $3,000. It's not, it's. To me, it's, it's silliness. What do you think?
No, I agree. And I think, you know, going back to what you just said, the junior title officer who takes three weeks, who's not working very hard on your deal because for them, 55,000 is not a big deal. Or of course, at 3,000 or 4,000, they're just sort of laughing at you. The problem is, for us, that's our business, right? That's our business model is selling land. So we have a three or four or $5,000 deal. That just causes a dilemma with us from a cash flow perspective because we're always sort of forecasting and projecting what we're doing with our money on our next move or our next purchase. So it's a little frustrating. It's very frustrating when you're doing higher volume property, but even on the lower volume, it's frustrating to tie it up. Now, just so you guys are aware, you cannot do with a land contract, you cann really, you can't. Well, you can get a title report. You cannot get title insurance on a property when you're not transferring title. So on a.
What do you mean? You can't get title insurance on a property when you're not transferring title.
So on a contract basis, if you're doing a land contract, you can, you can request a preliminary title report. But until, and this is, and you know, correct me if I'm wrong, but I'm pretty sure this is the case, you cannot actually do a. You cannot purchase a title policy on a piece of land that's not actually transferring. And you know, because the property won't transfer until the final payment, so.
Oh, yeah, yeah, I see what you're saying. Right. Yeah, yeah, that's a land contract.
Correct. So what I'm saying is. And that's what I said. So on a land contract, you cannot. So if you have a buyer that goes, hey, I want to go through title and escrow, well, you know, you'd always have to let your buyers know. Look, this is. We cannot do that. We could go through some sort of third party if you'd like, in terms of, you know, the down payment and the contract itself, but we cannot go through it through a title contract company. And we could pull a preliminary title report if you'd like it, which again, that costs some money, two or three hundred dollars, which you may want to sacrifice, depending on how big the deal is, or split it with them, whatever. You end up negotiating. But those can't be done until the actual sale. You know, you've actually completed the entire sale and at which point you could get a title policy.
Right, right. But now that I found your attorney and thank you, by the way.
You're welcome.
Katie McConnell. That does $1,000 foreclosures. You know, if someone puts 20% down, I'll do it. I'll do a contract for deed.
Yeah.
You know, if they put 20% down, most people don't want to do that on the larger deals because that's why they're interested in it is on the easy terms. So. And that's really how I started out. But then when I had to do foreclosures, when, when the market just bottomed out in 2008, 2009, and I was paying 3 to 5,000 of foreclosure. It was terrible.
Yeah. You're talking about a deed of trust.
Yeah, that's what I mean. Deed of trust.
Yep.
It's called contract for deed in other states. Right.
No, no, let's just Clarify that with everybody so they understand. So there's several ways that you can transfer a property and we should probably at some point break that down in a podcast so that everybody understands the differences. But a contract for deed is basically a contract in place until payment is made, then the deed is conveyed to the buyer. So whether it's, you know, 20 payments, 50 payments, 100 payments, 150 payments, whatever you've negotiated in that contract for deed, payment wise, that final payment is when you actually convey the property. Now a deed of trust, you actually convey the property, but you carry, you keep back, you have a deed of trust in place and that deed of trust reconveys as soon as they make that final payment.
Right, right, right. So it's a lien on the property.
Correct. So like a car lien, like you have a, like a lien on a vehicle that, that lien holder, you, the title, the title to the vehicle is in your name, but there's a lien holder in place. So you legally own title, you legally have title the car, but you won't have the pink slip and have control that vehicle until you actually have been signed off by the lien holder. So same thing works for land. If you are basically a lien holder on the land and that deed of trust is your instrument that protects you from the buyer defaulting, trying to sell the property without paying you, there's a lot of things that obviously you can't do as a, as the owner of the property if it's not paid off.
Right, right. So when I first started, I went to a very high priced law firm in Nevada and they said, oh yeah, you know, if you're going to do owner financing, do deeds of trust for this reason, that reason, all these legal reasons. And when I had to start foreclosing and it was so expensive, this is crazy. And so now doing land contracts and I haven't had any issues, have you any issues with legally, with any land contracts?
I have not had one, thank you, Lord. But I, you know, it's one of those things where it's very simplified for me. I send the documents, I let them review it. If they don't like it or if they want to make changes, they, you know, they can do so. And if we agree to the changes, then we proceed. If we don't agree and we can't make a deal happen, it's not a big deal. I don't want to get involved with someone that has a, you know, has a problem with the contract. It's simple though. My contracts are very simplified. There are four or five pages, and I do give an extra amount of information, including how much the entire amortized loan is with interest on top of it. So they can see what they're paying overall. Because if they don't like it or they're not comfortable, if the property is 100,000 and they're getting charged 6% or whatever, the total of that, 15 years of payments, I show them. So they know that the hundred grand now turns in 160 grand or 100, whatever it is. So.
Right.
So.
And if I put my attorney hat on right now, which I hate to do, and again, if you're driving, please take another sip of your coffee or Red Bull, I believe Dodd Frank Act. You can only finance so many properties. Now, there was. You know what I'm talking about. So you can only do so many deeds of trusts. Now, land contracts are different because the property is not conveyed. But I believe that you can only do, I want to say, a maximum of 10 deeds of trusts. I'm not exactly sure, but I remember this issue coming up, and it was. It was the new bill that went through Congress.
Can we talk a little bit about Dodd and Frank? Because.
No, I'm not getting into a political conversation with you.
I just want to let you know how much I care about them and love them for what they do for.
I'm cutting you off like an alcoholic. I shouldn't have even brought it up. I apologize. But I'll tell you right now, though, it is something to discuss if you're going to start doing deeds of trust in a big way, if you do a big deal, and that's going to be your thing, consult an attorney. Absolutely. Before you start doing that, because I do know there is a limit on how many you can do with housing and raw land.
And don't contact me or Mark, because we're not gonna help you with that.
We're not attorneys, even though we'd like to play one on tv. So that was boring.
That was really boring.
You know, it's important, though, right?
Yep. I agree. In fact, that brings me to my. To my website of the day or Tip of the Day.
We're not at tip of the day yet. We still have time.
Well, it's sort of. I want to give it now because it kind of parlays with what we're doing and talking about.
Wait a second. This show has a flow to it.
Oh, it does?
Yeah. If you do that at the end of the podcast, all someone has to do, then is go to, you know, the 23 minute mark and hear Duran's tip of the day. This way they have to listen to the entire podcast.
Perfect. Okay, you're right, you guys. I really want you to listen to me because that's really important.
It's really important that you hear at the end. Go to www.thelandgeek.com and reserveland.com. plug away, baby, plug away.
I just want everyone to know here, I'm not the one recording this. So if you don't like it, talk to Mark, not me.
Yeah, you know what? And I do need more feedback from everybody out there, what topics they'd like us to discuss and just leave a comment. It's important because we do want to know how we're doing, what we can improve on and the things that you are interested in hearing about. Because as important as Tidal and escrow is, and these topics are, they're a bit dry. But you want to talk a little bit about that? Big deal. A few minutes of it.
Let's do it.
All right. So I just did a huge deal with a wholesaler. When you've been in the business for 10 plus years, 12 years, like myself. Duran, you've been doing it 12 years?
Are you serious? Come on, give me a little.
How long have you been doing this, dude?
1999.
No way.
14 years, my friend.
14 years. You get to know people. You get to know really good people. So these good people I'm talking about are wholesalers. And as much as I like to go to tax sale auctions and buy up property with my letter writing campaign, there are these people out there. That's all they do is they look for distressed property in big bulk deals. And it's super, super efficient when you find them and they flip it to you. So I had a deal come through yesterday and I had to move very quickly on it. It was very stressful. It was big dollars, but it was 210 lots and I couldn't be happier about it. So how did I quickly do the due diligence to feel comfortable enough locking down such a big deal? And Duran, where would you start on that due diligence when you deal with the wholesalers because you have to move fast, they'll come to you and say, you've got till today and then I'm going to the next guy. I mean, it's very high pressure, it's very quick. You've got to move quick, you've got.
To have cash and you've got to know your wholesaler. So you've got to know who you're dealing with.
You've got to have trust. It's a lot of trust.
And that's sort of, that's priority number one. When you're walking into a deal like that, know who you're buying from. If you've done business with them before, you can trust them. There's integrity. I would say that's, that's step number one. Once you've passed that look at the deal, ask as many questions as you can from them. They may not know too much. Find out where they bought it from. Ask the real, the real basic questions. Then you've got to go into basically your due diligence mode, and that is get on Google Maps, learn the area, understand the area. And again, Mark and I have a little bit different, I'm sure different philosophies of how we go about it, but probably at the end of the day it's really similar.
Yeah, I tell you what, this deal was big enough. I got involved. No va baby. It was all Mark. It was all geeky.
So, Mark, how did, how did you walk through like a four or five stage process?
The first thing I did was I called the county and I just want to confirm that the deal was happening with my wholesaler. Right. Just wanted to make sure title was going to be clean. Second thing I did, call the treasurer, make sure there's no back taxes, no POA dues, nothing of that nature. So I want to get the whole story on that deal. Then I wanted to get into more specifics. What's the access like, what are the roads? What's the story, what happened with this property? Turned out it was a defunct POA and developer from a few years ago and a lake community. So that's the next part. Is it in a floodplain? Are there any environmental issues? What's going on with the neighbors, how many homes are out there? What are the comps in that area? Again, trying to fit the entire piece of the story within, you know, getting all this information as quickly as possible, writing it all down and going through my due diligence checklist. It was very stressful and by the end of the day, you know, I pulled the trigger.
You know, one of the things I don't know if I emailed to you or not, but I was curious to know was that in a floodplain at any level.
It was not in a floodplain. And there's homes out there too. Yeah, yeah. East Texas isn't like South Texas, which was a lot of properties in the floodplain. Yeah, yeah. But, yeah, I'm really. I'm really excited about it. It's got utilities, power, water, sewers, biseptic. So all those things I want to know. I want to know, you know, by the hookup fees and is it only zone.
You know, we talked about the two. Was it only zone for mobile homes? Correct.
No, no. There's residential lots and mobile home lots.
Okay. And the mobile home lots, if you put two or three together, could you build a home?
That's a good question. I don't know.
What, you didn't ask that.
Look, I only had so many time. Look at the pressure. Find out.
That'd be question number six for me.
I'll tell you what, though. But at the end of the day, you know, where the analysis really comes down to is if I had to liquidate this, just liquidate it to another buyer, would I make money? And the answer was yes, because I bought it, so. Right. So that's why I pulled the trigger. Even if there's a little hair on the deal, I'll still do a deal if everything's not perfect. But I'm not afraid of that. As long as there's something compelling about the property, you can find the property. There's good access and. Yeah. You know, and it's priced right. I'll do it.
Yeah. No, I think it was a smart move. In fact, so smart that I'm going to probably buy the project from you and you're going to make 200 bucks a lot. I think that's correct. Right.
Yeah, exactly.
So that's perfect.
Yeah. Duran likes to get in on these deals early stage as compensation for just being my friend.
And that's perfect. That's the way it should work.
Exactly.
We can go back to talking about our. Did we ever talk about. We did a little bit about our chaos deal that got us into the. Into the game of. Or got you. Kind of launched you into your career.
Yeah. We can talk about that deal, but I think we should do that another time, another podcast.
You're right, because it's probably getting late here. But yeah, that. I mean, those subdivision purchases, I mean, finding. And that was the same deal, but Mark and I had gotten to a deal that was, I think. How many lots was that? 500 lots.
It was a lot. I think it was over 500. Yeah.
500 to 550 lots. And outside of Taos, New Mexico. And of course, everyone knows that place is beautiful, but going back to it, we had. We didn't have a huge window to do our due diligence. But thank thankfully, we'd already done a lot of due diligence, but prior to because we owned other property in the area. So it worked out really well for him and I and more for him than I.
But that's because I had more cash. That's the only reason. You know what? He's still bitter about it.
I'm not bitter. You know why?
That's why I still bring you into these deals.
That goes back to our secret. There's a secret between you and I and that whole project. I'll tell you later, though. So anyway, I did very well.
Oh, my God. You made more money on that deal, didn't you? Unbelievable.
Unbelievable. Hey, it was. I didn't know you yet. That's how I could test your real true. If you were real. I'm about this deal. Are you really bringing cash to the table if that was the case. So anyway, a guy gave those lots to me, so I didn't tell you that.
Oh, you made some money.
I'm kidding.
Duran made some money. Well, look, I launched Duran's career out of duplicity. And here we are 12 years later, so. All right, it's time for Tip of the Day. What's your Tip of the Day?
Tip of the Day. So if you want to get something done from a legal perspective and you don't want to call Mark or Juran because you feel like we are unqualified to give you not just real estate advice, but any advice, I would suggest a website called RocketLawyer.com RocketLawyer.com okay, I'm.
Going to go there now.
Rocket Lawyer is. It's a fairly new site, but basically you can actually date. They have this almost like an algorithm that when you. When you know what you want to create, they'll go in and almost have something built in. And if you want to change it or you want to make some. You know that we want to have an attorney make some changes to it. They'll do it for you. So it's really. It's a really neat concept, but RocketLawyer.com used it a few times. And if you want to create a land contract for the first time or you want to do different things, this is a place that you can go to do that.
Yeah. Knowing Duran, he probably has 10% equity in this company. Is this one of your VCs?
I own the company. Oh, I'm sorry. Rocketlawyer.com Sorry, guys, I forgot to plug the fact that I own the company. 90% equity in the company. We raised 100 million for our series A round of funding.
Come on, be serious.
I have no equity stake in this company.
Stake in this company.
I promise. I don't. Okay, but once you do that and you're ready to list your property, Definitely go to realpropertyfinder.com to list your property because that's where all the magic's gonna happen and how you're gonna find your next buyer.
I love it. RocketLawyer.com okay, well, I have a similar tip of the week. And this one is tax deed title insurance without a quiet title action. So just to be real clear dot com. Yeah, right. Just to be real clear, when you buy property at tax sale, your junior escrow officers or title officers will tell you you can't get title insurance on tax sale property. It's just too tough. You've got to go through what they call a quiet title action. An acquired title action is a legal action with an attorney where they notify everyone in the chain of title that within this certain period of time, depending on the state and the county, that you can say, okay, I have a stake in that property. If nobody comes out and says, oh, that's my property, then the title becomes very clear. And it goes from, you know, there could be 100 people in that chain of title. It goes back to one, and you're the first one now in that chain of title. And you'll get title insurance. It's a big pain. It's expensive. I don't recommend it on inexpensive. Tax defaulted properties at tax deed. Expensive properties. I do. I think a quiet title action can be very important. However, this new service is called tax tax titleservices.com I'll put this in the notes, by the way, as well. For RocketLawyer.com and Tax Titleservices.com what do they do? They've developed a process that enables tax lien and deed investors to obtain title insurance on their tax deeded properties without the need to file quiet title actions or wait out statute of limitation periods. Very, very important. And I can see Duran is puzzled by this. Have you heard about this?
I have not. It sounds amazing. Tax titleservices.com you know, you've got a great system in place, Mark. Are you hiring?
I am hiring. Perfect. A VA only VAs can't afford you.
Right now. I'm at nine bucks an hour.
Yeah, I still can't afford you.
I just revamped my resume.
You probably can. All right, listen, learn more. Download the Passive income blueprint@www.thelandgeek.com or you know what, why not pick up some wholesale land from me frontierpropertiesusa.com and leave us a comment. Don't leave Duran out. You can tell he's hurting. Go to reserveland.com buy a piece of property from him. More importantly, let us know how we're doing. Leave a comment and stay with us. Come back next week and hopefully leave a comment about your topic so we don't have to talk about something as dry as title insurance and escrow.
And more and more importantly, go to when you have your property and you need to sell it, you go to ruralpropertyfinder.com because that will be the next big land site where you can syndicate your property on craigslist and YouTube.
I love it. Many other sites rural property finder.com as well. So Duran will be coming up with a coupon code just for our podcast listeners, I'm sure.
Yes, I will.
And that's great. So this is Mark Podolsky with Duran Fraser and the Lane Geek out. Thanks everybody.
Thank you for listening to another episode of the Land Geek. Join us next time for more tips, secrets and information that will help you succeed. Stay connected with the Land Geek on facebook@facebook.com thelandgeek.
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