OfflineProbate is the leagal process by which, when someone dies, his or her assets are distributed. These assets are comprised of real property - homes, commercial buildings, agricultural land, raw land, apartments and personal property.Probate real estate investors, buy assets and help settle extates, and they make a healthy profit doing it. There are more than 5.7 million unsettled probate cases every day. That amounts to over $3 trillion in probated assets available that people want to get rid of!
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scarlson, probate is definately a good area to get into if you have a good system for it.
"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
hey I heard about that and I'm very interested in getting probate properties!!Contact me with more info!
Living in a retirement area of Fl. we come across many probate probate properties. They 're usually a little run down & the heirs do not want to be bothered with them, especially since they have to pay taxes, insurance, maintenance, & in some cases mortgages. We've found that by researching, thru the county courthouse records, & contacting the trustee via telephone or mail, we have gotten a response of about 70% to 80%. Of course, the percentage of closing a deal is more like 5% to 10%, but still can be an excellent source of finding properties due to their high motivation.Gary/Jill
I just completed a probate deal this week!
In fact I just signed the assignment contract today!
It is one of my first and only deals. (It's actually my second deal since I read Dean's book.)
My feet have finally gotten wet!
Can anybody help with the process of getting probates, please?
When the going gets tough, the tough gets going.
Ist step research county clerk website/office for probate documents; find estates that have real property(houses etc.) that meet your criteria(location,beds/baths etc) then contact trustee/family members by letter/phone to see if they would be interested in selling the property. Do CMA, so as to know how much you can offer. Then either buy yourself, find cash investor to assign the contract to or receive a bird-dog finder's fee.Please keep in mind there is alot of research involved to find the kind of properties you may want, & you may not answers from the estate or they may want too much for the house. Just keep in mind that there are some great deals out there with some work, this Is Not A Get Rich Quick scheme.
Great Job with your two deals. I am fairly new and i am very interested in probate properties. can you give us details of how you locked it up but process you used? etc? thanks