May 17, 2018 in Podcasts, Probates/ Probate Investing, Videos
Overview of Marketing to Probates
Today's show is last part in my 4 part series on probate investing, and the topic is a quick overview of marketing to probates. This is an important part of the process when it comes to making money in this very lucrative real estate investing niche. Marketing is an integral part of any investing strategy, but it's especially important with probates. People have to know about you (marketing) before than can choose YOU to work with (branding).
Since probates are off market deals that means you have a huge opportunity to help this particular group of motivated sellers. They have a problem. They have inherited a property (sometimes multiple properties), and in most cases, they don't want the property. Read the rest of this entry →
May 13, 2018 in Podcasts, Probates/ Probate Investing, Videos
In this part 2 of this 4 part series, I am going to talk about the duties of the executor or the administrator who are collectively referred to as the personal representative. As you remember, the executor is the person named in the will; the person chosen by the deceased to carry out his or her last wishes.
What happens if there is No Will?
In the absence of a will, the court appoints an administrator. The executor and the administrator are often referred to as the “personal representative”. Find out more about how this works. Read the rest of this entry →
May 10, 2018 in Podcasts, Probates/ Probate Investing, Videos
Today's episode is all about understanding the probate process. Specifically, I'm going to talk about the 8 steps in the probate process.
One of the biggest misconceptions for investors that are first getting started with probate investing is that you must wait until the estate is closed to buy the house. In reality, it's just the opposite. If the house has not been directly inherited, then it's part of the estate.
What that means is that the assets in the estate including any property must be sold before the estate can be closed. It's critical if you're going to work in this niche that you have a clear understanding of the probate process. You're also going to learn about my brand new course Probate Investing Simplified.
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April 30, 2018 in Investing In Real Estate, Podcasts
Which is best? Investing locally or in another state? This question has been around forever. So what's the answer? Well, it depends.
It depends on your business goals, your level of experience, property values in your area, and to some degree the level of risk you can live with. This last one by the way is different for everyone.
Sometimes the Decision is Easy
For some real estate investors, deciding whether investing locally or in another state is best is a no brainer. Read the rest of this entry →