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| Probate: Motivated Sellers & Profits! | |||
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Posted by: Scott Rister 03/19/2003, 15:00:06 Edit |
Probate: Motivated Sellers & Profits!
"Oh, you can't do anything with that one as the house is in Probate" WRONG! The overall lack of knowledge in the real esate investor community makes this the last frontier of being able to consistently have great deals locate you. Yes it will take some education on your part but these are small hurdles to overcome just like any other real estate endeavor such as:
In "Probate" you will be evaluating the deals from the same perspective as other areas: * Is the seller motivated?
Your education in real estate is of absolute paramount importance so you can profit in many ways. If you catch fish proportional to the amount of lines you have in the water,then wouldn't you want to put out as many lines as possible?Well, in terms of real estate "Probate" can be for you a VERY consistent source securing you many profitable deals and just one of those lines to reel in great deals. You still may be thinking in terms of "Probate" on legalese situations requiring knowledge and risk outside the realistic scope of your abilities. I once again bring this point up to reiterate that in fact ALL of your favorite creative real estate techniques will be utilized: lease option, short-sales, wholesaling, retailing, buy & hold,owner-financing....you name it! See, little known facts about "Probate" are quite just quite frankly guarded by a few because they don't want anyone else to figure their techniques out and cause them any competition. The extraordinary aspect of "Probate" to me is upon striking up conversations wiht other true "Probate"
All the reasons you currently encounter that turn the ordinary seller to investor's definition of motivated are the same in probate: * Lack of capital to maintain house payments.
With "Probate" however there are even more extra-
Each state has a "Probate" process implemented and while all differ to a certain degree the basic guidelines are still the same: evaluate ALL assets of an estate to satisfy creditor's claims. Estates being probated will have to adhere to state laws and regulations within certain time frames and that is where one of the beauties of "Probate" lies. When
When you boil it all down in being truly profitable in creative real estate each deal in the end had to be structured as win-win for all. Sure everyone always wants a little more for their property and you as an investor always wants a lower
Lastly on "Probate" an absolute huge advantage is being perceived as the only opportunity the seller has. In fact we know that sellers always have options but overwhelmingly my experience has been the ONLY option the seller has known and my friend lack of competition is a great thing. What if you were the ONLY one in your county that knew about foreclosures going to the courthouse step that can be bought for 50%-70% on the dollar? Wouldn't you feel pretty good about your chances to consistently make money in real estate? Of course the answer is "yes" and I make that example to literally show you that is the untapped market
If you want to truly take your real estate business to the level you deserve to profit from, then key into "Probate". Invest in your education within the last great real estate secret that I'll reveal to you within the next couple of weeks. Get ready for "The Pobate Profit Machine!" and be prepared to implement a system to continually bring you deals month after month. Remember that in real estate you make truly great money NOT because you have a large credit line,cash in the bank, or financing lined up. You make true wealth in real estate by being smart! You may know 1002 creative
Be prepared for "The Probate Profit Machine!" to become that source of income you desire because luck has absolutely NOTHING to do with it! Take control of your own financial destiny in creative real estate through "Probate". |
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