On this episode, I speak with Russell Williams, a retired home flipper turned land investor about his firsthand expertise coping with numerous varieties of actual property fraud, together with title fraud, wire fraud, and faux checks.
We talk about the crimson flags to observe for, how scammers exploit on-line leads, and why land is a typical goal for fraudsters. Russell additionally explains how title insurance coverage can prevent hundreds and the significance of verifying wire directions.
Whether or not you are new to land investing or a seasoned professional, this episode is filled with actionable insights to guard your investments.
Hyperlinks and Sources
Key Takeaways
On this episode, you’ll:
- Study key title fraud indicators, similar to pressing sellers who do not negotiate, have mismatched accents/names, and know little about their property.
- Perceive why vacant land attracts extra fraud—no mortgages or neighbors watching.
- Grasp wire fraud prevention by all the time verifying wire directions through a direct name to the title firm.
- Know that fraudsters can impersonate all events in a deal by subtle e-mail manipulation.
- See why utilizing a title firm beats self-closing for fraud safety and verification.
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Thanks once more for listening!
Concerning the writer
Seth Williams is the Founding father of REtipster.com – an internet group that gives real-world steering for actual property traders.
