The Importance of Transaction Coordination in Real Estate Investing
The Importance of Transaction Coordination in Real Estate Investing
In a recent episode of the REI Hacker Podcast, host Benson Juarez sits down with David Olds, a seasoned real estate investor and founder of ezREIclosings. With over 22 years of experience, David shares invaluable insights on transaction coordination and how it’s a game-changer for navigating the complexities of real estate deals.
Meet David Olds
David Olds is not just a real estate investor; he’s a problem solver. Based in Chattanooga, Tennessee, David’s company, ezREIclosings, specializes in handling transaction coordination for investors. His mantra? “Our first job is to help people, of course, but the second job is to solve problems, and the more problems we can solve, the deeper discount we can get.”
The Evolution of ezREIclosings
Founded during the COVID-19 pandemic, ezREIclosings began as a small service helping David’s friends close deals remotely. Fast forward to today, the company handles thousands of transactions annually and operates its own title company across multiple states.
David reflects on the sleepless nights that come with managing transactions: “We make a lot of sleepless nights, probably.” However, he recognizes the value of this service in simplifying life for investors.
Why Transaction Coordination is Critical
David emphasizes that real estate investing is full of complications: “We bring the crazy, right? We seem to always find a way to get the weirdest deals that are the most complicated.”
Effective transaction coordination helps investors manage these complexities. It involves tasks such as:
Handling Title Issues: From probate cases with multiple heirs to international sellers, title challenges are common. As David notes, “50% of wholesale deals die… 25% of your deals are going to die because of title issues because you don’t understand how to navigate those.”
Preventing Fraud and Ensuring Compliance: A good transaction coordinator ensures that all parties follow legal procedures and stay compliant.
Choosing the Right Title Companies: “Not all title companies are created equal,” David warns. Some companies simply don’t want to deal with the complexities investors bring.
David also points out the variability across states: “There are 50 states, some are title company states, some are attorney states, some are abstracts, some are escrow. Like all of them are different.”
The Power of Outsourcing
David stresses the importance of outsourcing and delegation in running a successful real estate business: “To effectively run a business, you’re going to have to outsource some things or hire some people.” He compares this to how Elon Musk operates: “Elon Musk is not going down and putting license plates on Teslas as they’re coming off the line, right? That guy runs a business and he hires the very, very best.”
For real estate investors, outsourcing tasks like transaction coordination can free up time for activities that directly grow the business. David explains: “How much is your time worth? Be better spent out getting your next deal for 20 or 30,000 or worrying about a $500 transaction fee.”
The Investor Mindset
David acknowledges the challenges investors face in letting go of control: “We all got this little bit of narcissism, right? Nobody's smarter than me. Nobody could do it as good as me.” However, he argues that building a scalable business requires trust and delegation.
At the heart of his philosophy is a focus on simplicity and impact: “Do more deals, make more money, have more freedom.”
Building Relationships with Title Companies
One of ezREIclosings’ keys to success has been fostering relationships with investor-friendly title companies. David highlights the importance of working with title companies that understand creative financing and wholesaling strategies.
However, not every state makes this process easy. For example, David calls out New York’s unique challenges: “New York is a beast of its own because you’ve got attorneys involved in every transaction.”
By navigating these challenges, ezREIclosings has become a trusted partner for investors across the U.S., even opening its own title company in 9–11 states to streamline the process further.
Growing the Business Organically
David is committed to sustainable growth for ezREIclosings: “We want to do the growth, you know, organically in house.” The company is exploring new opportunities, including expanding its title company to additional states and serving traditional real estate transactions alongside investor deals.
Final Takeaway
Transaction coordination isn’t just an administrative task—it’s a critical part of scaling a real estate business. As David notes, it’s about solving problems and making the complex simple.
Whether you’re navigating title issues, coordinating deals across state lines, or building relationships with the right title companies, transaction coordination can be the difference between success and failure.
To learn more about ezREIclosings or connect with David Olds, visit their website or follow them on social media. As David says: “Do more deals, make more money, have more freedom.” That’s the power of transaction coordination.
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