Advanced Strategies for Structuring Probate Deals with Al Nicoletti – Episode #393
My guest today is Al Nicoletti, a Florida Probate Attorney extraordinaire. We’re going to be talking about advanced strategies for structuring probate deals as well as some of the more common problems with estates you will run into from time to time. I can promise you that you will have a whole new level of expert knowledge after this show.
Al has a vast amount of experience with probates, and he has carved out a unique niche in solving simple and complex probate matters that once stalled real estate deals. He has also developed a strategy to structure probates, so they are fast, efficient, and done right.
Al works with real estate investors, real estate agents/brokers, and other real estate professionals. In addition to managing his law practice, Al has a live weekly podcast show, he is a speaker, influencer, and social media content creator. You’re going to love this show.
Key Highlights:
[00:01 – 07:21] Opening Segment
How to structure probates to avoid problems
Al's background in solving simple and complex probate matters
How he developed a strategy to structure probates so that they're fast efficient and done right
[07:22 – 14:48] Advanced Strategies for Structuring Probate Deals
How Al got interested in real estate investing, especially probates
How probates can involve multiple jurisdictions and can be more complex than just signing a document
The two sides to every story in probate
Title insurance is not always happy with probates, and can sometimes require all beneficiaries to sign deeds
[14:49 – 22:28] Closing a Probate: Tips from Real Estate Investors
Sharon and Al's insights on probates deals
The different steps that may be required to close
It's important to get educated on probates and meet with professionals who specialize in this field
Getting a better understanding of how it works
[22:29 – 29:48] Probate Tips to Keep You Out of Trouble
Probate can be a complex process, but there are steps that everyone involved should take to make the process easier
Why communication between the various parties involved in probate is one common problem
Having a conference call with all of the participants
Make sure that everyone is on the same page and understands what needs to be done
[29:49 – 37:08] How to Survive and Thrive in the Probate World
How the market for property sales has slowed down in recent years, and how it has impacted probates
It's important to be aware of market conditions when getting engaged in probate
The short-term and long-term play with probates
[37:09 – 44:43] How to Build a Brand and Increase Probate Sales
You should have multiple exit strategies to be successful in the current market
How the current market affects the way an investor does business, specifically in the area of probate
It's key to focusing focus on their brand and creating content to stay visible and competitive
[44:44 – 53:58] Closing Segment
Stand out in your marketplace and be successful
Pay attention to the big picture and ask questions before getting too involved in a deal
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