3. Making Money in Probate Real Estate
4. Get Rich Buying Real Estate At 30-50% Discounts!
5. 31 Days to Profits in Probate Real Estate--#1-Rated Probate Course
1. The Hidden Treasures and Profits of Probate
Author: Brandon Lambert
To make money in real estate you need an advantage over your competition. So why not just eliminate them! Now I don’t mean you need to go out and create a bunch of probate by whacking all your competition. What I do mean is that you need to play real estate the same way I would like for my favorite team to play football—move to another arena. What I mean is that you need to go looking in hiding places that nobody else is looking in to find those hidden treasures. That is where probate comes in. I’ll never forget when my partner and I were filming our DVD for our course, The Hidden Treasures and Profits of Probate, at the probate courthouse. (learn more about the course at http://www.probaterealestatedeals.com) Jimmy asked me how much competition there was at the courthouse. As the camera panned around the room, there was nobody else in the whole office except the two ladies who worked there. How many people do you think were outside bidding on foreclosure properties? The answer is hundreds.
First, let me explain some things about probate. A statistic that may shock you is this: 100% of Americans will die. That’s right, according to the Center for Disease Control, about 2.5 million people will die each year. Now here is the thing about that statistic. 70% of those folks will die without a will. Even more important is that regardless whether you have a will or not, your estate will go through probate. The only way to avoid probate is to have your estate in an entity. But ask yourself this question. If so few people even have a will, how many people do you think will put their assets in an entity? To give you an idea about how huge that is, of all the cases coming in to the court system, 24% will be probate cases. In Seattle, WA in 2003, there were more than 6000 probate cases. In Ft Worth, TX in 2006 there were about 3500. Many of those cases had real estate involved. That is where you step in. Most people don’t want to work this market because they think it is morbid. It is not morbid. The estates that I have worked with have been some of the most appreciative people I have ever worked with. I will never forget the lady that thanked me for buying her mom’s house at fifty cents on the dollar.
So why do all of these estates go through probate? The government requires it for a few reasons. First, the state wants to make sure that the assets are divided according to the will. And if there wasn’t a will, then the state takes care of that too. Most states have heirship succession laws in place that says which relatives get what percentage of the estate. The other reason that the law requires estates to be probated is to let any creditors who may have an interest in the estate know that the person has passed away and the creditors will need to file in order to get paid from the assets of the estate. The final reason that the law requires the estate to be probated is that the tax man wants to be paid. It has been said that the only two certainties in life are death and taxes. With probate they both apply. Not too long ago the federal government made some changes to estate taxes that remove most people from getting taxed. But the local governments still want to get paid either estate taxes or property taxes. By forcing the real estate in to the probate courts, the government makes sure they get their fair share.
Your challenge is to find some deals in probate. You can see from the facts above that there can be a lot of motivation with people dealing with an estate in probate. By far, the easiest way to find the deals is to send some marketing to probate attorneys. There are better and faster ways, but my partner and I had to write a whole manual to explain those techniques. I simply can’t fit them all here in this limited space. But if you know that most people will not try to probate an estate themselves and will seek out the services of an attorney to help them, then obviously you can short cut the whole process by sending letters or brochures to your local probate attorneys. In some states, you can even get pre-printed labels for probate attorneys from you state bar association. That way, half your work is already done. Now you just need to come up with a good letter to send them.
When you write your letters, simply tell the attorneys in a professional way what it is you do. Make yourself out to be an expert in the field. You might say something like “I am a local real estate investor who specializes in solving probate related real estate problems.” Do you see how you just became a specialist there?
Now you know why you really need to be working the probate market, and you know a great shortcut to the market. All you need to do is go out and put it to work!!
Happy Investing!!
Brandon Lambert
About the Author:
I have been actively investing in real estate since 2002. Since that time, I have become an expert in finding deals in probate. The reason why I love probate so much is because of the people I get to help. However, because I am just one investor, I am limited in the amount of people I can help, so my partner, Jimmy Reed, and I decided to write a training manual on how to find deals in probate. That way, there can be an army of people just like me trying to help as many people as we can. And the bonus is that we get paid very well to render that aid. If you would like to find out more about how to find deals in probate, see http://www.probaterealestatedeals.com.
2. Probate Real Estate Investing Secrets Revealed
Now You Can Find Out The Underground Secrets To Real Estate Investing That Most Investors Haven't Even Thought About. Probate Is One Of The Most Profitable Areas Of Real Estate Investing And Most People Have No Clue About How To Go About Making Money From It. Get Ready for THE Real Estate Opportunity That Will Make You The Envy Of Your Competition. You will soon learn my secrets now revealed that can take your real estate business to the next level and beyond! Get More Information About The Ways To Make A Fortune From Probate Real Estate Investing.
3. Making Money in Probate Real Estate
Author: Michael (MIke) Agemy
We hear every day how the real estate market is going under, but yet certain real estate investors are making money every day, regardless of market volatility. How?
By buying probate real estate.
Probate is the legal process property goes through when someone dies. The court gets a hold of the deceased estate (land, houses, cars, cash, etc.) and disperses it legally to heirs named in the will.
So how does one step in and pluck out incredible opportunities? Easy. With Profits in Probates, learn all the tricks of the trade, from how to find probates, how to bypass court delays, and how to make offers heirs will pounce on. While the courts hold an estate in probate, its value gets chipped away at almost daily.
The government comes in first to take more than their share in taxes, then there are possible mortgage payments still due on the property, insurance premiums, lawyer fees, accountant fees, the list goes on and on. By the time the courts release the property to the heirs, theres hardly any value left in it at all for them, and they need to unload the property quick to pay for all those expenses.
Thats where you come in. As a probate real estate investor, you can make the heirs an offer they cant refuse for their probate real estate. Once you have it, it is at your disposal to make improvements upon and resell to new buyers anxious to move in.
So what if when you get the property it needs some work? You have already made the heir an offer 20%-50% below market value and they accepted; you have lots of spare cash for improvements to spruce it up for resale! More improvements means more profits on resale!
Every year, over a million estates go through probate. The process is long and drawn out, and heirs become frustrated and strapped for cash. Because you will know the secrets of locating these estates, you are able to step in and make them an offer for the probate real estate at a deep discount, and the heirs are in dire need of this liquid cash.
Now you have a dirt cheap property ready for you to work your magic and the heirs have the cash they need to free up the rest of their inheritance.
Once you have bought the probate real estate and prepared it for resale, sit back and wait for profit to come knocking at the door; profiting from probate real estate is incredibly achievable.
Death is a fact of life, and a fact of buying probate real estate is that this presents daily opportunities.
Probate real estate can include properties in high end neighborhoods and large rural ranch properties; income providing apartment buildings and condominiums; potential laden, diamond in the rough fixer-uppers can be found any and everywhere.
The voyage to starting your future in the profitable probate real estate market starts today with your copy of Profits in Probate Real Estate. Jump on, grab a hold, and enjoy the ride.
Article Source: http://www.articlesbase.com/real-estate-articles/making-money-in-probate-real-estate-434991.html
About the Author:
Michael "Mike" Agemy is seasoned real estate investor who works with professional probate lawyers and investors. Visit http://www.acquireprobateproperty.com
for more information.
4. Get Rich Buying Real Estate At 30-50% Discounts!
Buying probate properties is one of the lesser known ways to invest in real estate and one of the best due to less competition. You can still buy at deep discounts because of this. It’s hard to believe, but on average, 114 probate properties become available for purchase well below market value each hour of every day across the U.S., and yet SURPRISINGLY, NOBODY KNOWS ABOUT THEM! You can generate thousands of dollars on a regular basis by tapping into the hidden potential of Probate Real Estate where there’s little or no competition! Find out how to get started today.
